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Company limited by guarantee

Company Registration Number:
08445996 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

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Contents of the Financial Statements

for the Period Ended 31 March 2024

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

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Directors' report period ended 31 March 2024

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

Principal activities of the company

Event catering, general cleaning of buildings, management consultancy and other financial management.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Biniam Tesfai Araia
Sosena Alemayehu Damtew
Mehari Habteslasse


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
20 October 2024

And signed on behalf of the board by:
Name: Biniam Tesfai Araia
Status: Director

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Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 620,581 787,388
Cost of sales: ( 131,035 ) ( 147,763 )
Gross profit(or loss): 489,546 639,625
Administrative expenses: ( 449,713 ) ( 686,976 )
Operating profit(or loss): 39,833 (47,351)
Interest payable and similar charges: ( 1,220 ) ( 927 )
Profit(or loss) before tax: 38,613 (48,278)
Tax: ( 500 )
Profit(or loss) for the financial year: 38,113 (48,278)

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Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 210,213 10,022
Total fixed assets: 210,213 10,022
Current assets
Debtors: 4 125 125
Cash at bank and in hand: 105,591 117,167
Total current assets: 105,716 117,292
Creditors: amounts falling due within one year: 5 ( 80,021 ) ( 64,164 )
Net current assets (liabilities): 25,695 53,128
Total assets less current liabilities: 235,908 63,150
Creditors: amounts falling due after more than one year: 6 ( 215,422 ) ( 31,667 )
Accruals and deferred income: ( 20,000 ) ( 69,110 )
Total net assets (liabilities): 486 (37,627)
Members' funds
Profit and loss account: 486 ( 37,627)
Total members' funds: 486 (37,627)

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 March 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 20 October 2024
and signed on behalf of the board by:

Name: Biniam Tesfai Araia
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance, over the lease term, which ever is shorter. Freehold property - 2% straight line Plant and machinery - 20% reducing balance Computer equipment - 20% reducing balance

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Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 14 7

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Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 0 13,500 3,217 13,820 30,537
Additions 203,755 1,750 205,505
Disposals ( 13,820 ) ( 13,820 )
Revaluations
Transfers
At 31 March 2024 203,755 13,500 4,967 0 222,222
Depreciation
At 1 April 2023 0 5,018 2,829 12,668 20,515
Charge for year 2,038 1,696 428 4,162
On disposals ( 12,668 ) ( 12,668 )
Other adjustments
At 31 March 2024 2,038 6,714 3,257 0 12,009
Net book value
At 31 March 2024 201,717 6,786 1,710 0 210,213
At 31 March 2023 0 8,482 388 1,152 10,022

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Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 125 125
Total 125 125

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Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Taxation and social security 1,500 1,000
Accruals and deferred income 1,500
Other creditors 67,021 53,164
Total 80,021 64,164

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Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024 2023
£ £
Bank loans and overdrafts 11,667 21,667
Other creditors 203,755 10,000
Total 215,422 31,667

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 08445996 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

During this financial year, the company has: Supported 152 newly granted refugees with their integration, housing and employability needs through its Refugee Transition Outcome Fund (RTOF) commissioned program -delivered commissioned ESOL classes (from pre-entry to level 1) four days per week from three of our bases that were accessed by 203 clients Delivered training around refugee and migration to 32 service delivery organisations from the public and voluntary sectors. Provided information, advice and guidance to over 348 service users from cross its three-office basis and outreach work Provided capacity building support to 12 BAME led community organisations to apply for funding from various Trusts with a combined success value of £63,000. Delivered partnership projects that improve our client's health and well-being such as gardening, guided cycling, fitness classes as well as outings to the countryside and seaside.

Consultation with stakeholders

The stakeholders in the company are the various BAME led community groups we provide capacity building and individual clients which access our services. We ask for and receive their input during the training and advice sessions we hold via a paper questionnaire. We collate the information and present it at Directors' meetings who then use the information for our future strategies and deciding on the types of courses, training and project activities which will be appropriate. We have had five formal consultation sessions with our beneficiaries and stakeholders during this financial year.

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
20 October 2024

And signed on behalf of the board by:
Name: Biniam Araia
Status: Director