Charity No. 1196018 SOMALI MUSEUM UIC (Dormant Accounts) IA Charitable Incorporated Organisationl Annual Report and Financial Statements 01 February2024to 31 Janu8ry 2025 Contents Legal and administrative information Report of the Trustee5 Dormant Balance Sheet Notes forming part of the financial statements Legal and administrative information Charity Number 1196018 Reglstered addre55 Granby Hall 37 St. Matthew's Row London E2 6DT Trustees Kinsi Abdulleh Hashi Mohamed Dr Alana Jelinek Abdullahi Bashe Bank Details The Co-operatlve Bank Sort Code.. 08-92-99 Account No.. 67283271 Somali Mesuem UK Trustee5' Report The Trustee5 present their annual report and account5 for the first period ended from 01 Feb 2024 to 31 Jan 2025. During this period, the charity had dormant accounts. Structurei governance and management The Charity is Constituted as a Charitable Incorpoyated 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 dav. Trustees are legally responsible for the Eovernance anfl management of the charity. Trustees are responsible 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 rlsks. Systems and procedure5 have been put in place to manage the risks and to m¥tigate any adverse outcomes. Objectives and activities The governing scheme defines the charity's objects as being to.. the prevention or relief of poverty or financial hardship anywhere in the world by providing or asslsting in the provision of education, training, healthcare objetts and all the nece55aiy support designed to enable individuals to generate a sustainable income and be self-sufficient. bl the relief of financial need and suffering amongst victims of natural or other kind of disa5ter5 in the form monev or other means deemed suitable for persons, bodie5, organisatlons andlor countries affected, includin8 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 wa5 dormant during this period. Flnancial review No transaction took place during this period. Trustees, respon5ibllities statement The trustees are responslble 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 resources 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 f inancial 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 disclose 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 Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the a55ets 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 Ileh Chaii. SOMALI MESUEM UK Balance Sheet As al 31 January 2025 IDormantAccountsl Perlod to 31 Jan 2025 Perlod to 31 Jan 2024 Flxed A55ets Tangible assets Total flxed assets Current assets Stock an(J work in progress Debtors Cash at Bank and in Hand Liabilltles Creditors.. amount lallings due within one year Net current assets Creditors.. amounts lalllng due after one year Provision for liabilities Net assets ReseNes Approved by the board on... And signed on its behalf by.. Klnsl Abd Chalr Notes formlng part 01 the ftnanclal statements for the perlod e#dlng 31 January 2025 Accountlng pollcles lal Basis of preparation The accounts have been prepared in accordance with the receipts and payments basis in accordance with the Charitv Cornmission 8uidance. Ibl Charity Status Somall Museum UK was established under a CIO Foundation constitution and is a registered with the Charlty Commission under the reference of 1196018. The Trustees are appointed and function Sn accordance with the Constitution. Fund aceountlng General fund5 are unrestrltted funds which are available for use at the discretion of the trustees In furtherance of the general objectives of the charity and which have noi been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions irnposed by donors or whlth have been ralsed by the charity for particular purposes. The cost of r3i5ing and administering such funds are charged against the 5pecifSc fund. The alm and use of each restricted fund is s@t out in the notes to the financial statements. Receipts All incoming resource5 are included in the Rereipt & payrnent Accour*ts when the charity actually obtains legally entltled Income. Payments All expenditure 1s accounted for on payments basis and has been classifled under headings that aggTeEate all costs related to the category. Where costs cannot be directly attrlbuted to particular headings, they have been allocated to activities on a basis consistent with use ol the resources. Member Ilabllltles The members of the CIO have no liabllity to contribute to its asset5 and no personal responslbllity for settllng Its debts Debt outstanding There are no particular5 of any debt out5tandlng at the date the statement of assets and liabilities which is owed bythe Som811 Museum UK and which 15 secured by an express charge on any of the assets of the Som811 Museum UK Related Partles Controlllng entitv The charity Is controlled by the trustees. During the year the Trustees received no emoluments or incurred anv expenses using Trust funds.