2022-10-06-accounts - Horn Of Africa Charity Organisation

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Charity number 1189188

HORN OF AFRICA CHARITY ORGANISATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 06 October 2022

ANTONY NORRIS CHARTERED ACCOUNTANTS

HORN OF AFRICA CHARITY ORGANISATION

06 October 2022

CONTENTS	PAGE
Annual Report	2
Accountant's report	5
Statement of financial activities	6
Balance sheet	7
Notes forming part of the financial statements	8

ANNUAL REPORT FOR THE YEAR ENDED:

06 October 2022

Chair Amina Souleiman Treasurers Waris Abdi Secretary Amina Souleiman Legal Structure Charity number: 1189188

Charitable objects in its new constitution reflect the organisation’s dual focus on wellbeing projects in the UK and aid projects in the Horn of Africa.

email: antony.norris@talktalk.net

HORN OF AFRICA CHARITY ORGANISATION

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED: 06 October 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document: The trust deed (26 September 2008) Status: Charitable Incorporated Organisation (CIO) (From 24 April 2020) Charity Number: 1189188

Committee appointment:

Appointment of the committee is by annual election at the AGM. The committee is authorised to appoint new members to fill vacancies arising through resignation or death of an existing member. Major risks: The ongoing need for receipt of funding and donations.

Risk Management:

The trustees actively review the major risks which the group may face on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the group and confirm that they have established systems to mitigate the significant risks.

Investment policy:

The trustees have the power to make and hold investments using the general funds of the group, but no investments are presently held.

The committee's responsibility in relation to the financial statements

The law in England and Wales require the trustees to prepare financial statements for each financial year which give a true and fair view of the group's financial activities during that period and of its financial position at the end of that period. In preparing those financial statements, the trustees are required to:

(b) Make judgements and estimates that are reasonable and prudent;

(c) State whether the policies adopted are in accordance with the Charities Acts and with the applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements;

(d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the group and enable them to ensure that the financial statements comply with relevant Acts and recognised accountancy standards. It is also responsible for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MISSION AND OBJECT IVES

To support and help disadvantaged people from the Somali refugee community, especially the elderly and members with disability to overcome barriers and isolation and to participate more fully in activities within their community.

FINANCIAL REVIEW

Funding

Our income has been from fundraising and donations from the UK and International Diaspora Community. So far all our earnings came from sales of books

Summary In year: Reserves Brought Forward Net Incoming resources - surplus/(deficit) Creditors At year end: represented by: Current assets	Restricted Unrestricted Funds Funds 2022 2022 £ £ - 1,563 685 1,282	Total Unrestricted Funds Funds 2022 2021 £ £ 1,563 1,914 1,967 (351)
	685 2,845	3,530 1,563
	685 2,845	3,530 1,563
		4,280 2,163 (750) (600)
		3,530 1,563

Approval

This report was approved by the committee on and signed on their behalf

15/05/2023

Amina Souleiman

Chair

HORN OF AFRICA CHARITY ORGANISATION

Accountants' Report

To the trustees of: HORN OF AFRICA CHARITY ORGANISATION

As described on the balance sheet you are responsible for the preparation of the accounts for the period ended 6 October 2022, set out on pages 6 to 8. In accordance with your instructions, we have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Antony Norris

15/05/2023

Sheffield S35 8RE

HORN OF AFRICA CHARITY ORGANISATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 06 October 2022

Notes INCOMING RESOURCES Incoming resources from generated funds 5 Incoming resources from charitable activities Grants 4 Cycling UK Sheffield City Council (SCC) Community Fund A4A South Yorkshire Cummunity Foundation (SYCF) - I Will Fund Voice for Change From sales Total Incoming Resources RESOURCES EXPENDED: Costs of generating voluntary income Publicity and Fund Raising Charitable activities Direct in reference to the main activities Staff Materials Design and Printing Training and Activities Volunteer Expenses Fitness activities Support Management Room hire Venue/Stall fees Bank Charges Governance costs Accountancy 2 Interest Total Resources Expended Net incoming/(outgoing) resources Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Restricted Unrestricted Total Unrestricted Funds Funds Funds Funds 2022 2022 2022 2021 £ £ £ £ - - - - 1,240 - - - 4,250 - - 5,900 2,500 - 2,500 4,265 1,000 - 1,000 4,600 - 1,566 1,566 6,281
	3,500 1,566 5,066 26,536
	- - - 544 2,169 - 2,169 6,422 - - - 2,445 - - - 1,587 - - - 2,665 - - - 1,300 646 - 646 8,624
	2,815 - 2,815 23,587
	- - - 2,700 - 60 60 - - - - 450 - 74 74 -
	- 134 134 3,150

	- 150 150 150

	2,815 284 3,099 26,887
	685 1,282 1,967 (351) - 1,563 1,563 1,914
	685 2,845 3,530 1,563

There were no recognised gains or losses in the period other than those included in the Statement of Financial Activities.

HORN OF AFRICA CHARITY ORGANISATION

BALANCE SHEET AS AT:

06 October 2022

Notes FIXED ASSETS: 3 Current Assets Debtors Cash at bank Cash in hand Current Liabilities 3 Net Current Assets NET ASSETS FUNDS Unrestricted Funds Restricted Funds TOTAL FUNDS	2022 £ £ - 1,921 2,359 - 4,280 (750) 3,530 3,530 2,845 685 3,530	2021 £ £ - 1,921 242 - 2,163 (600) 1,563 1,563 1,563 - 1,563	2021 £ £ - 1,921 242 - 2,163 (600) 1,563 1,563 1,563 - 1,563

			1,563
			1,563 -
			1,563

The committee is satisfied that the group is exempt from audit or independent examination under the Charities Acts; and that no member or members have requested an audit.

The committee acknowledges its responsibilities for:

(i) ensuring that the group keeps proper accounting records

(ii) preparing accounts which give a true and fair view of the state of affairs of the group as at the end of the financial year and of its profit or loss for the financial year.

Amina Souleiman

Approved by the board on: 15/05/2023

HORN OF AFRICA CHARITY ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 06 October 2022

1 ACCOUNTING POLICIES

Basis of preparation of accounts

The accounts have been prepared under the historic cost convention, under the UK model, and in accordance with:

☻ Financial Reporting Standards for Smaller Enterprises (FRSSE) effective 2006.

☻ 2 Net (Expenditure)/ Income for the year 2022 2021 This is stated after charging:- £ £ Accountants Remuneration 150 150 3 CREDITORS - Amounts falling due within one year 2022 2021 £ £ Accruals 150 300 Other 600 300 750 600 4 USE OF GRANTS 2022 2022 2022 2022 at begin received spent at end £ £ £ £ Grants receivable SYCF-I Will Fund - 2,500 2,096 404 Voice for Change - 1,000 719 281 - 3,500 2,815 685 5 FUNDS GENERATED 2022 2022 2022 2021 £ £ £ £ restricted unrestricted total Grants 3,500 - 3,500 20,255 Sales and donations - 1,566 1,566 6,281 Total - all funds 3,500 1,566 5,066 26,536 Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005)	☻ 2 Net (Expenditure)/ Income for the year 2022 2021 This is stated after charging:- £ £ Accountants Remuneration 150 150 3 CREDITORS - Amounts falling due within one year 2022 2021 £ £ Accruals 150 300 Other 600 300 750 600 4 USE OF GRANTS 2022 2022 2022 2022 at begin received spent at end £ £ £ £ Grants receivable SYCF-I Will Fund - 2,500 2,096 404 Voice for Change - 1,000 719 281 - 3,500 2,815 685 5 FUNDS GENERATED 2022 2022 2022 2021 £ £ £ £ restricted unrestricted total Grants 3,500 - 3,500 20,255 Sales and donations - 1,566 1,566 6,281 Total - all funds 3,500 1,566 5,066 26,536 Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005)	☻ 2 Net (Expenditure)/ Income for the year 2022 2021 This is stated after charging:- £ £ Accountants Remuneration 150 150 3 CREDITORS - Amounts falling due within one year 2022 2021 £ £ Accruals 150 300 Other 600 300 750 600 4 USE OF GRANTS 2022 2022 2022 2022 at begin received spent at end £ £ £ £ Grants receivable SYCF-I Will Fund - 2,500 2,096 404 Voice for Change - 1,000 719 281 - 3,500 2,815 685 5 FUNDS GENERATED 2022 2022 2022 2021 £ £ £ £ restricted unrestricted total Grants 3,500 - 3,500 20,255 Sales and donations - 1,566 1,566 6,281 Total - all funds 3,500 1,566 5,066 26,536 Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005)
		2022 2021 £ £ 150 300 600 300
		750 600
		2022 2022 spent at end £ £ 2,096 404 719 281
	- 3,500	2,815 685
	2022 2022 £ £ restricted unrestricted 3,500 - - 1,566	2022 2021 £ £ total 3,500 20,255 1,566 6,281
	3,500 1,566	5,066 26,536