SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE
Registered charity 1092646 · accounts filings on the Charity Commission register
Somali Youth Development Resource Centre is working with Somali young people and their families in the London Borough of Camden to help them achieve their full potintial.
Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Arts/culture/heritage/science · Amateur Sport · Economic/community Development/employment · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity holds limited unrestricted reserves, with a total fund balance of £424,073 at the end of the financial year. The trustees have set a target to build unrestricted reserves equivalent to at least six months of operating expenditure to address ongoing financial pressures. The charity received incoming resources of £646,173 and expended £609,887, resulting in a net increase in resources for the year.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: at least six months of operating expenditure (held: £56k)
“The Board has set a target to build unrestricted reserves equivalent to at least six months of operating expenditure.”
Per its FY2025 accounts as filed with the Charity Commission.
Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.
Structured financials (annual return, FY ending 31/03/2025)
Reported reserves equal ~1.1 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).
Per its annual return, largest income source: Charitable activities (95% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).
- Mohamed Abdi Arifchair
- Dr Said Isse
- Hanif Mohamoud
- Luul Jama
- MUBARK DEEROW
- SUBER ABDIKARIM
Trustee list from the Charity Commission register (current, not historical).
Operates in: Camden
Income and spending
Common questions
Is SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds limited unrestricted reserves, with a total fund balance of £424,073 at the end of the financial year. The trustees have set a target to build unrestricted reserves equivalent to at least six months of operating expenditure to address ongoing financial pressures. The charity received incoming resources of £646,173 and expended £609,887, resulting in a net increase in resources for the year. Its FY2025 accounts were independently examined.
Who funds SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE?
Funders whose own accounts filings name SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE as a grant recipient include JOHN LYON'S CHARITY, CAMDEN GIVING, YOUNG CAMDEN FOUNDATION.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with YOUNG SOMERSET.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.