AFRISUSU INITIATIVE FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
11060546 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2022

Period of accounts

Start date: 1 December 2021

End date: 30 November 2022

AFRISUSU INITIATIVE FOUNDATION CIC

Contents of the Financial Statements

for the Period Ended 30 November 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

AFRISUSU INITIATIVE FOUNDATION CIC

Directors' report period ended 30 November 2022

The directors present their report with the financial statements of the company for the period ended 30 November 2022

Principal activities of the company

The company's principal activity during the year continued to be other credit granting not elsewhere classified, Regulation of health care, education, cultural and other social services, not incl. social security.



Directors

The directors shown below have held office during the whole of the period from
1 December 2021 to 30 November 2022

Phamollie Sekou Jabateh
Aysja Kromah
Kamara Jemeal Mohammed
Mariama Sherif


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
8 November 2023

And signed on behalf of the board by:
Name: Kamara Jemeal Mohammed
Status: Director

AFRISUSU INITIATIVE FOUNDATION CIC

Profit And Loss Account

for the Period Ended 30 November 2022

2022 2021


£

£
Turnover: 66,288 30,237
Cost of sales: ( 60,946 ) ( 23,369 )
Gross profit(or loss): 5,342 6,868
Administrative expenses: ( 675 ) ( 4,317 )
Operating profit(or loss): 4,667 2,551
Profit(or loss) before tax: 4,667 2,551
Tax: ( 887 ) ( 485 )
Profit(or loss) for the financial year: 3,780 2,066

AFRISUSU INITIATIVE FOUNDATION CIC

Balance sheet

As at 30 November 2022

Notes 2022 2021


£

£
Current assets
Stocks: 3 711 1,125
Debtors: 4 8,000 8,000
Cash at bank and in hand: 8,730 5,103
Total current assets: 17,441 14,228
Creditors: amounts falling due within one year: 5 ( 2,872 ) ( 1,985 )
Net current assets (liabilities): 14,569 12,243
Total assets less current liabilities: 14,569 12,243
Creditors: amounts falling due after more than one year: 6 ( 7,202 ) ( 8,656 )
Total net assets (liabilities): 7,367 3,587
Members' funds
Profit and loss account: 7,367 3,587
Total members' funds: 7,367 3,587

The notes form part of these financial statements

AFRISUSU INITIATIVE FOUNDATION CIC

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 8 November 2023
and signed on behalf of the board by:

Name: Phamollie Sekou Jabateh
Status: Director

The notes form part of these financial statements

AFRISUSU INITIATIVE FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

AFRISUSU INITIATIVE FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

AFRISUSU INITIATIVE FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Stocks

2022 2021
£ £
Stocks 711 1,125
Total 711 1,125

AFRISUSU INITIATIVE FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Debtors

2022 2021
£ £
Trade debtors 8,000 8,000
Total 8,000 8,000

AFRISUSU INITIATIVE FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 1,500 1,500
Taxation and social security 1,372 485
Total 2,872 1,985

AFRISUSU INITIATIVE FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

6. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 7,162 7,959
Other creditors 40 697
Total 7,202 8,656

COMMUNITY INTEREST ANNUAL REPORT

AFRISUSU INITIATIVE FOUNDATION CIC

Company Number: 11060546 (England and Wales)

Year Ending: 30 November 2022

Company activities and impact

The company activities benefit the community as a whole giving services and packages to the needy people who are under the crises of any kind.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
8 November 2023

And signed on behalf of the board by:
Name: Phamollie Sekou Jabteh
Status: Director