HORN OF AFRICA DEVELOPMENT ALLIANCE FOUNDATION (HADAF) DIRECTOR'S AND TRUSTEES. REPORT AND ACCOUNTS For the year ended 31 December 2024 Company No: CE017885 Charity Number: 1183953
HORN OF AFRICA DEVELOPMENT ALLIANCE FOUNDATION (HADAFI DIRECTOR'S AND TRUSTEES. REPORT AND ACCOUNTS Contents Page Officers and Financial Advisors Directors, and Trustees, Report Independent Examiners Report Statement of Financial Activities Balance sheet Notes to the accounts 10-11
HORN OF AFRICA DEVELOPMENT ALLIANCE FOUNDATION (HADAF) Offlcers and Financlal Advisors For the year ended 31 December 2024 Trustees and Directors Hoos Ahmed Sahar-chaiman Fatima Ismail Khadra Ismail Sarman Mustafe Mohamed Dirir Jama Hassan Mohamed Company No. CE017885 Charity No. 1183953 Registered Offi( 102 Darussalam Business Centre Mile End Road London E14UN Independent Examlner Md Iqbal Hossain FCCA KK Accountant 21 Hockley court Soulh Woodford London E18 2RA Bankers Barclays
HORN OF AFRICA DEVELOPMENT ALLIANCE FOUNDATION {HADAF} DIRECTORS. AND TRUSTEES REPORT For the year ended 31 December 2024 The trustees are pleased to present their report together with the financial statements of the charity for the period ending 31 Dember 2024. The accounts have been prepared in accordan with the accoUnng policies set out in nole 1 to the accounts and comply with the Charity5 Memorandum and Articles of Associalion. applicable law and the requirements of the Statement of Re(x)mmended Practice, °Accounting and Reporting by Charities. issued in March 2005. The directors of the charitable company (the charity) are its trustees for Ihe purpose of charty law and throughout this report are collectively referred to as the trustees. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The organisation is a charitable company limited by guarante8 registèred as a charily on 18 June 2019. The company was estsblished under a Memorandum of Association which established the objects and powers of the charitsble company and is govemed under its Artides of Association. Appointment of trustees The directors of the company are also chaiity's trustees for the purposes of charity law and under Ihe company's Articles. Underthe requirements of the Memorandum and Articles of Association Ihe members of Charity Trustees consist of at leasbthree and not more than seven. Rlsk Management The d1CtOrS and trustees have idenbfied the major risks to which the Charity is exposed and believe that the systems in place are adequate to mitigate those risks. The charity makes little use of financial instruments other than an operational bank account and so its exposure to price risk. credit risk, liquidity risk is not material for the assessment of the assets. liabilities, financial position and profit or loss of the charity. Objectives HADAF is for the prevention or relief of poverty or finanal hardship anywhere in the wortd by providing or assisting in the provision of educalion, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient. Publlc Benefit Grant Making It is not clear that the grant making policy provided is fully suttable for the organisalion's grant making acb'vitses, and il appears as though another registered charity is referenced in point 1.1. Just Helping.
It is important that a charwty's grant making policy is specific to their actlvtties and Ihe needs they are addressing. The infomiation contsined withln the policy is also very basic. For example, the priority for support indicates the main priority is assisting families or organisations in greatest need. this isn't fully developed, and it is unclear how the trustees actually assess this. While the response to the specific questions does address how beneficiaries are identified, and how trustees wll monitor use of grants. many of the issues still remain. We would request Ihat the Irustees. along the professional adviser. consider this point further, r&view our guidance below in detail. and formulate a thorough grant making policy that includes all of the necessary provisions to ensure that the organisation has a suitable framewort( in place. Advice to the Truslees In the case of charities whose aims include preventing or relieving povety, the over-provision of benefit to individuals. giving signtficantly more than is required to meet the basic needs of the individual (at the exlreme, Tnaking someone who is poor into a millionaire, for example) would affect public benefit. Charities for the prevention or relief of povety need to Use rational criteria when determining the level of the benefit they will give. Tnjstees must ensure the level of the benefit is not significantly more than is needed. Otherwse, the benefit will become a private one that does not rther the charity's aim. This would not meet the public benefit raquirernent. We trust that the trustees will follow this advice when providing advice to benefiGTaries about setting up their own business. Financial revlew The financial position of the charity is portrayed In the accompanying Annual Accounts. Reserves policy The Charity trustees have examined the tharity's requirements for reserves in light of the main risks to the organisation. Having considered the lower incomo from fundraising activities. the UK current economic situation and options available. the Management Committee has decided to create three months, worth of running cost as a reserve to be available in case of delays funding. This will help the organisation to be sustained in the long term.
FUTURE PLANS AND DEVELOPMEKrs The Association intends to explore and develop grants and funding applications lo facilitate better delNery of services and activities. Trustees, responsibilities in relation lo the financial statements Company law requires the directOfS to prepare financial ststements that give a Irue and fair view of the state of affairs of the charity al the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to.. . Select suitable accounting policies and then apply them consistentty. . Make sound judgements and estimales that are reasonable and prudent. and Prepare the financial statements on the going concem basis unless it is appropriate to presume that the charity will not Continue in business. The diredors are responsible for maintaining proper accounting re(x)rds which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of Ihe charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance the provisions in Part 15 of the Companies Act 2006 applicable to Companies, subject to the small cornpany's regime. APPROVAL This report was approved by Ihe Boar(l and signed on its behalf by: Khadra Ismall Samiarb Dlr•¢tor 22th June 2025
Independent examinerfs report to the trustees of HORN OF AFRICA DEVELOPMENT ALLIANCE FOUNDATION (HADAF) I report to the trustees on my examination of the financial statements of Ocean Somali Communty Association ('tha tharty.) for the year ended 31 March 2025 Responslbilities and basls of report As the truslees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance wth the requirements of the Companies Act 2006(Ihe 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carri8d OLrt under section 145 of the Charities Act 2011 (Ihe 2011 Act'l. In carying out my examination I have followed the Directions given by the Charity Commission under section 145(5) {b) of the 2011 Act. Indepandent Examlner's Statement sin the charity's gross income exceeded £250,000 your examlner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certtfied Accountants (ACCA). which is one of the listed bodies. I have cornpleted my examination; I confimi that no matters hav8 com8 to my attention in connection with the examination giving me cause to believe; 1. Accounting records were not kept in respect of the charty as required by section 386 of the 2006 Act; or 2. The financial statements do not accord with those records: or 3. The financial statements do not comply with the accounting requirements of seclion396 of the 2006 Act other Ihan any requirement that the accounts give a 'tnJe and fair, view which is nol a matter (xjnsidered as part of an inde[ndent examination. or 4. The financial stat&ments have not been prepared in accordance with Ihe methods and principles of the statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). I have no concerns and have come across no other matters in connection with the exarnination to which attention should be drown in this report in order to enable a proper understsnding of the accounts to be reached. 2210612025 R & A Consultancy Ltd Chartered Certified Accountant 30 Roycroft Close. South woodford, London. E18 1DZ
HORN OF AFRICA DEVELOPMEKf ALLIANCE FOUNDAlloN {HADAF) STATEMENT OF FINANCIAL ACTNMES For tha y•ar fjnd 31 Decgmbor 2024 Unrestricted Restrlthd Funds Funds 2023 Incimnlng R?ur Grants & Donations 31.512 31,512 33,729 Total IrmIng Resourc4S 31,512 31,512 33,729 Resow¢¢s Ex4Jend Charilatle activitles 23,540 21,880 Goveman¢e cost Fundra181ng Costs of grants 8nd dIxwti Total Rgsources Eywded 23.54LI Net incomin(outg0lng reBwrce51 7,972 7,972 11,849 ReconcIllaOn of Funds: Total funds, brought f0Thrd 14.582 14,582 2.733 Total fvnds. carrkd forward 22.554 22.554 14,582 CONTINUING OPERATIONS Non8 of the Chthtys activld8s re acquired or dtsujnbnuI duriThJ Ihe ave tsyo financHI periods. TOTAL RECOGNISED GAINS AND LOSSES The Charity has no reuyjnlsed gains w kjsses otrrthan the nel mo¥ent in for the above period. Thg 8talemgnt of finanrAal &vities also mlIeslth Ihe rwuirernenls foran and &xp8ndilur8 ac(x)unt under thè Companl8s Act 2CM)6. The note5 on pages 10t0 12 fDrnI part of these a¢>))unts.
HORN OF AFRICA DEVELOPMENT ALLIANCE FOUNDATION (HADAF) Balance Sheet as at 31 Decomber 2024 2024 21r23 Flxed Assots TangitrAo Awts Current Assots D8btors & wepaym8nl Cash In hand and al Bank 22,554 22,554 14,582 Credltors Amounts falllng thIn on8 year Net Current Assets 14.582 14,682 Th& Funds of the Charlty Unr8Stricted funds R&strictsd futKIs 14.582 14,582 The directors are s8tisfled that the company is entilled to exemptK)n from the requirement to L*tain ar) audtt under section 477 of the Companies Act 2006 and that members have not requlred the company to obtain an audit in ac(x)rdance with section 476 of the Act. The directors athiowledge their responsibifities for LX)mplying wth the requirements of the Companies Act 2006 with resp8¢1 to ac(x)unting records and Ihe praparation of accoun&. The accounts have been prepared In aco)rdance with th prowsions in Part 15 of the Companies Art 2006 applicable to companies. subject to the small companies, regime. These accounts were approved by the Board of Director5 and Trustees on June 2025 and were signed on its behalf b. .Chair Hcx)s Ahmed Sahar ..Dire¢tor Khadra Ismail Samian The notes on pages 10 to 11 fom) part of these a¢xounts.
HORN OF AFRICA DEVELOPMENT ALLIANCE FOUNDATION (HADAF) Notes to the Actt>unts For the year ended 31 December 2024 1. A¢¢ountlng Pollcl8s The principal accounting policies are summariwj below. The aco)unting policies hav8 b8en applled consistenlly throughout the y8ar. 1.1 Basis of A¢¢ounting The finanal statements have been prepared under the historical cost ¢onvenlion and in accordance Viilh the applicable A(xounting Standards and the Statement of Rec(Immended Practice 'Accounting and Rewrting by Charities" published in March 2005 and Ihe Companies Act 1985. The company has taken advanlage of the exemption in Financial Reporting Stsndard No. 1 from the requirement to WOdu a cash flow statement on the grounds that it is small o)mpany. 1.2 Incomlng Resources IllMe from activtties, voluntary in(x)me and donations are includ8d in incoming resources when they are receivable. except when the donors sp&ify that they must b8 used in future accounting periods or donors, conditions have not been fulfilled. then the income is deferred. The income from rund1$1ng ventures is sFM)wn gross. with the associated costs induded in fundraising costs. 1 J Resources Expended Resources 8xpend8d are included in Ihe Statement of Finanaal ActivitTres on accruals basis, inclusive of any VAT that (xnnot be recovered. Expenditure that is directty attributable to specific aGtivities has been Included in these cost categories. Where costs are attributable to more Ihan one activity. Ihey have been apportioned across the ct)st categories on a basis consistent with the use of those resources. 1.4 Golng Concern Basls The financial ststsments have been prepared on the going COnM basis, as in the opinion of the director and trustees. there are no issues aring which would suggest any other basis as being more apprwiale. 1.5 D•praclatlon Depreciation is provided using the following rates and bases to redu by annual instalments the cost, less estimated residual value. of tangible assets over the estimated useful lives: Fumilure, Fixtures, Fittings and Equipment- 20Yo on straight line basis. io
HORN OF AFRICA DEVELOPMENT ALLIANCE FOUNDATION {HADAF) Notes to the Accounts for the year ended 31 December 2024 2. Grants and Donatlons Unrestrlcted Restrlcted 2024 2023 Ck)nationlMembership fees 31.512 31,512 33,729 31.512 31.512 33,729 3. Cost of Charltable actmtles Basls ol allocatlon Education & Devek>pmont 2024 2023 Cost diraclly alk)cated to activltles: Dlrecl cosvsupport Direct ProjeGt Cost Dir9rt 23.540 23,540 21,880 Promotional Cost Dire( 23.540 li