BRITSOM

Company limited by guarantee

Company Registration Number:
13639269 (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

BRITSOM

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes

BRITSOM

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

It is my privilege to present the 2023-2024 Annual Report, which documents the remarkable progress and achievements over the past year. BritSom remains committed to supporting the Somali Black, Minority, refugee, and migrant communities in Barnet. This year, we faced significant challenges due to the ongoing cost-of-living crisis, which has severely impacted our community. Many families struggle to put food on the table, relying increasingly on foodbanks, and the inability to meet rent payments has led to a rise in eviction threats. Vulnerable groups, especially families with low income, are particularly concerned about the rising costs of heating and their capacity to cover essential bills this winter. On behalf of the board of trustees, I extend my deepest gratitude to our outstanding team of staff and volunteers at BritSom. Their dedication, enthusiasm, resilience, and good humor have been instrumental in maintaining BritSom as a vital community asset. I also want to thank our beneficiaries for their patience and understanding during these challenging times, especially with the ongoing disruptions caused by the cost-of-living crisis. A heartfelt thank you to our funders and partners for their unwavering support. We look forward to continuing our positive impact in 2024-2025 with renewed hope and a strong sense of togetherness.



Directors

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

Mohamed Ali
Amina Abdalla
Mulki Bashir
Madina Mire


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
10 May 2024

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

BRITSOM

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 174,136 151,307
Gross profit(or loss): 174,136 151,307
Administrative expenses: ( 168,318 ) ( 165,171 )
Operating profit(or loss): 5,818 (13,864)
Profit(or loss) before tax: 5,818 (13,864)
Profit(or loss) for the financial year: 5,818 (13,864)

BRITSOM

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 0 0
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

BRITSOM

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 10 May 2024
and signed on behalf of the board by:

Name: Mohamed Ali
Status: Director

The notes form part of these financial statements

BRITSOM

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

    Other accounting policies

    Financial management policy

BRITSOM

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 5