ISLINGTON SOMALI WELFARE LTD
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Financial health, per its FY2025 accounts
The accounts state that the charity operates with minimal reserves, with a total fund balance of £2,424 at the end of the year, while the trustees are endeavouring to build up reserves to equal six months of operating expenditure. The charity relies on incoming resources from charitable activities, totaling £41,600, to fund its operations and governance costs.
What the accounts disclose
“The charity currently operates with minimal reserves. The trustees are endeavouring to build up its donor base with a view to having reserves equal to 6 months operating expenditure.” — page 4
Trustees
- Mahamoud Mahamed kolomey
- Usama Yusuf Mohamed
- WALID YUSUF MOHAMED
- Yusuf Omar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £42k | £41k |
| 30/09/2024 | £43k | £43k |
| 30/09/2023 | £41k | £41k |
| 30/09/2022 | £38k | £38k |
| 30/09/2021 | £37k | £36k |
Common questions
Is ISLINGTON SOMALI WELFARE LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity operates with minimal reserves, with a total fund balance of £2,424 at the end of the year, while the trustees are endeavouring to build up reserves to equal six months of operating expenditure. The charity relies on incoming resources from charitable activities, totaling £41,600, to fund its operations and governance costs. Its FY2025 accounts were independently examined.