**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| 1 **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 2 ## **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.** 3 ## **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 4 ## **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 5 ## **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. 6 ## **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 7 ## **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| 8