SAAFI C.I.C.

Company Registration Number:
08583713 (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

SAAFI C.I.C.

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

SAAFI C.I.C.

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

NEGAAD Project. NCIL. Vaccination Campaign. Brent Health Matters mental workshops for women. Fairer Housing. High Street Challenge Project Health connector from Health Inequalities: communities from BAME. We have 3 Health Educators. Advocacy of culture, music and arts to increase the visibility of our communities.



Directors

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

Rhoda Ibrahim
Nimo hussein
Samatar Cabai
Zeinab Awil


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 June 2024

And signed on behalf of the board by:
Name: Samatar Cabai
Status: Director

SAAFI C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 212,074 274,184
Cost of sales: ( 113,022 ) ( 95,176 )
Gross profit(or loss): 99,052 179,008
Distribution costs: ( 144,587 ) ( 93,567 )
Administrative expenses: ( 12,102 ) ( 9,011 )
Operating profit(or loss): (57,637) 76,430
Profit(or loss) before tax: (57,637) 76,430
Profit(or loss) for the financial year: (57,637) 76,430

SAAFI C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,169 2,775
Total fixed assets: 3,169 2,775
Current assets
Cash at bank and in hand: 71,268 129,259
Total current assets: 71,268 129,259
Creditors: amounts falling due within one year: 4 ( 2,440 ) ( 2,400 )
Net current assets (liabilities): 68,828 126,859
Total assets less current liabilities: 71,997 129,634
Total net assets (liabilities): 71,997 129,634
Capital and reserves
Called up share capital: 1 1
Other reserves: 129,633 53,203
Profit and loss account: (57,637 ) 76,430
Total Shareholders' funds: 71,997 129,634

The notes form part of these financial statements

SAAFI C.I.C.

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 June 2024
and signed on behalf of the board by:

Name: Samatar Cabai
Status: Director

The notes form part of these financial statements

SAAFI C.I.C.

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

    Tangible fixed assets depreciation policy

    IT Equipment 20% Furniture, fittings & equipment 20%

SAAFI C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 9

SAAFI C.I.C.

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 4,872 4,872
Additions 1,187 1,187
Disposals
Revaluations
Transfers
At 31 March 2024 6,059 6,059
Depreciation
At 1 April 2023 2,097 2,097
Charge for year 793 793
On disposals
Other adjustments
At 31 March 2024 2,890 2,890
Net book value
At 31 March 2024 3,169 3,169
At 31 March 2023 2,775 2,775

SAAFI C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 2,440 2,400
Total 2,440 2,400

COMMUNITY INTEREST ANNUAL REPORT

SAAFI C.I.C.

Company Number: 08583713 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

PART 1 - GENERAL DESCRIPTION OF THE COMPANY’S ACTIVITIES AND IMPACT SAAFI CIC is a community-based organisation founded and led by East African women from refugee background to help each other and their families for positive integration. Main focus and activities for this financial: The cost-of-living crisis has had a profound impact on the residents, making it the primary issue we had to address this year. We supported residents with applications for financial hardship, assistance from the residents' support fund, energy bill relief, council tax support, homelessness prevention, and provided advice on available schemes. Throughout this report, we will discuss the key activities and events we have achieved this year and how we tackled our mission to positively raise the understanding and profile of the Somali Community in the UK and improve communication within the community and the other communities in the borough through advice, information, workshops, training, and cultural events. We step out from our comfort zone this year to a more non-traditional way and channel our energy into the youth programmes of mentoring and coaching, study club, advocacy and training. As well as High Street Challenges and regeneration projects plus campaigning Housing issues through Fairer Housing and developing partnerships through Health Educators.. It has been a pleasure to serve my community and develop vital services for them in the past 11 years and I look forward to another challenging and enjoyable year ahead. I would like to take this opportunity to thank the trustees, staff and all the volunteers that have contributed to making this community organisation unique.

Consultation with stakeholders

The company stakeholders are the community members, trustees or director and the funders who fund’s our Organisation this. The funders are: Brent Council - NCIL Brent Health Matters - Brent Carers Centre CNHWNHS The Community Lottery Fund Old Oak & Park Royal – GLA

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 June 2024

And signed on behalf of the board by:
Name: Samatar Cabai
Status: Director