Charity No. 1196018 SOMALI MUSEUM UK (Dormant Account51 IA Charitable Incorporated Organisationl Annual Report and Financial Statements 01 February 2023 to 31 january 2024 Contents Legal and admini5tratNe information Report ofthe Trustees Dormant Balance Sheet Notes formlng part otthe financial statements Legal and admlnlstratlve InfoTmallon Charlty number 1196018 Reglstered address Granby Hall 37 St.Matthew's Row London E2 6DT Trustees Kinsi Abdulleh Hashi Mohamed DrAlana lelinek Abdullahi Bashe Bank detalls The Co-operative Bank Sort Code.. 08-92-99 Account No.. 67283271 Somali Mesuem UK Trustees, Report The Trustees present their annual report and accounts for the first period ended from 01 Feb 2023 to 31 Jan 2024. During this period, the charity had dormant accounts. Structureth governance and management The Charity is constituted as a Charitable Incorporated Organisation ICIOI Foundation, as a body corporate under Part 11 of the Charities Act 2011 on the 29 June 2016, The CIO registered with the Charity Commission on the same day. Tiustees are legally responsible for the governance and management of the charity. Trustees are Te5ponsible of setting strategies and policies for ensuring these are implemented. Risk management The charity's trustees have considered the major risks to which the charity is exposed and have reviewed potential risk5. Systems and procedures have been put in place to manage the risks and to mitigate any adverse outcomes. Objectives and activities The governing scheme defines the charity's objects as belng to.. the prevention or relief of poverty or financial hardship anywhere in the world by providing or assisting in the provision of education, trainingi healthcare objects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient- the relief of financial need and suffering amongst victims of natural or other kind of disaster5 in the form money or other means deemed suitable for persons, bodies, organisation5 and/or countries affected, including the provision of medical aid to promote such other charitable purposes as may from time to time be determined and agreed by the trustees Achievements and Performance The CIO was dormant during this period. Financial review No transaction took place during this period. Trustee5' responsibilities statement The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resourcos of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently,. observe the method5 and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disc105e with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charitv (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also re5pon5ible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the trustees on.- by: And signed on their behalf Kinsi Abdulleh Chair n&AAI I kir•iirkA IIIA VI"IMLI I"lL￿1v￿l-l VI Balance Sheet as at 31 January 2024 IDormant Accountsl Perlod to 31 Jan 2024 Period to 31 Jan 2023 Fixed Assets Tangible assets Total fixed assets Curlent assets Stock and work in progress Debtors Cash at Bank and in Hand Llabllltles Creditors.. amounts fallings due within one year Net current assets Creditors.. amounts falling due after one year Provision for liabilities Netassets Reserves Approved by the Board on . And signed on its behalf by.. Kln Chalr Ileh Notes lorming part of the financlal statements for the perlod ending 31 January 2024 Accounting policie5 Basis of preparation The accounts have been prepared in accordance with the receipts and p8yment5 ba515 in accordance with the Charity Commission guidance. Charity status Somali Museum UK wa5 e5tabli5hed under a ao Foundation con5titutlon and 15 a reglstered with the Charity Commission under the reference of 1196018. The Trustees are appointed and function in accordance with the Constitution. Fund accounting General funds are unrestricted funds which are available lor use at the discretion of the tru5tee5 irTr furtherance of the general objectives ol the charity and which have not been designated lor other purposes. Restrlcted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been ra1sed by the charity lor particular purposes. The c05t of raising and administering such funds are Charged a8ain5t the Specific fund. The aim and use of each restricted fund is set our In the notes to the flnanclal statements. Idl ecelpts All incoming resources are Included In the Recelpt & payment Accounts when the charSty actually obtains legally entitled income. Payments All expenditure is accounted for on payments basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to ctivities on a basis eon515tent with use of the resources. Member Ilabllltles The members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts Debt outstandlng There are no particulars of any debt outstandinE at the date the statement of assets and IlaL751ities which is owed by the Somali Museum UK and which 15 secured by an express charge on any ol the assets of the Somali Museum UK Related Partles Controlling entity The charity 15 controlled by the trustees. Durfng the year the Trustees recelved no emoluments or Incurred any expenses using Trust fijnds.