FRIENDS OF THE HORN FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
10166391 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

FRIENDS OF THE HORN FOUNDATION CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

FRIENDS OF THE HORN FOUNDATION CIC

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

FOHOF's activities have significantly benefited the community during the financial year through targeted interventions addressing the cost of living crisis. By providing essential support, including benefit applications, energy bill assistance, and debt resolution, we've alleviated immediate financial burdens for vulnerable families. Our advocacy efforts, such as accessing trust funds for low-income families, have secured vital resources. Additionally, initiatives like liaising with StepChange charity for debt management and utilizing media platforms for public awareness demonstrate our commitment to community welfare. These efforts collectively contribute to financial stability, empower families, and foster self-sufficiency, thus making a positive impact on the community.



Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 May 2024

MOHAMED, Ali Farah


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 August 2024

And signed on behalf of the board by:
Name: MOHAMED, Ali Farah
Status: Director

FRIENDS OF THE HORN FOUNDATION CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 106,556 127,994
Gross profit(or loss): 106,556 127,994
Distribution costs: ( 63,920 ) ( 56,032 )
Administrative expenses: ( 40,896 ) ( 66,963 )
Operating profit(or loss): 1,740 4,999
Profit(or loss) before tax: 1,740 4,999
Profit(or loss) for the financial year: 1,740 4,999

FRIENDS OF THE HORN FOUNDATION CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 13,475 11,735
Total current assets: 13,475 11,735
Net current assets (liabilities): 13,475 11,735
Total assets less current liabilities: 13,475 11,735
Total net assets (liabilities): 13,475 11,735
Members' funds
Profit and loss account: 13,475 11,735
Total members' funds: 13,475 11,735

The notes form part of these financial statements

FRIENDS OF THE HORN FOUNDATION CIC

Balance sheet statements

For the year ending 31 May 2024 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 August 2024
and signed on behalf of the board by:

Name: MOHAMED, Ali Farah
Status: Director

The notes form part of these financial statements

FRIENDS OF THE HORN FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

FRIENDS OF THE HORN FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

COMMUNITY INTEREST ANNUAL REPORT

FRIENDS OF THE HORN FOUNDATION CIC

Company Number: 10166391 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

FOHOF's activities have significantly benefited the community during the financial year through targeted interventions addressing the cost of living crisis. By providing essential support, including benefit applications, energy bill assistance, and debt resolution, we've alleviated immediate financial burdens for vulnerable families. Our advocacy efforts, such as accessing trust funds for low-income families, have secured vital resources. Additionally, initiatives like liaising with StepChange charity for debt management and utilizing media platforms for public awareness demonstrate our commitment to community welfare. These efforts collectively contribute to financial stability, empower families, and foster self-sufficiency, thus making a positive impact on the community.

Consultation with stakeholders

FOHOF prioritizes collaboration and community engagement. Throughout the year, we have actively consulted with various stakeholders, including local authorities, charities, and agencies addressing similar challenges in our area. These consultations aim to align our efforts, share insights, and enhance the effectiveness of our programs. Regular communication ensures a coordinated approach, maximizing resources and collectively addressing the pressing issues associated with the cost of living crisis. These collaborative efforts underscore our commitment to holistic community welfare and demonstrate the synergy achieved through partnerships with key 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
22 August 2024

And signed on behalf of the board by:
Name: Mr Ali Farah Mohamed
Status: Director