for the Period Ended 31 March 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2024
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 April 2023
to
31 March 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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Profit(or loss) for the financial year: |
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As at
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Members' funds | |||
Profit and loss account: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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The activities of SOLATOYE CIC in the financial year have significantly benefited the community by providing affordable housing and essential support services for vulnerable adults, including those living with mental health conditions, learning disabilities, physical disabilities, and those at risk of homelessness. The key impacts include: Increased Access to Safe and Affordable Housing SOLATOYE CIC has provided stable and secure accommodation, reducing homelessness and housing insecurity among vulnerable individuals. This has helped improve their overall well-being, ensuring they have a safe place to live. Enhanced Mental and Physical Well-being By offering supported housing, SOLATOYE CIC has created a stable environment that promotes better mental and physical health. Residents receive the necessary support to manage their conditions, reducing stress and the likelihood of crisis situations. Improved Social Inclusion and Independence Through tailored support programs, SOLATOYE CIC has empowered residents to develop essential life skills, increasing their ability to live independently. This includes budgeting, cooking, and accessing employment or education opportunities. Reduced Pressure on Public Services By preventing homelessness and providing appropriate care, SOLATOYE CIC has helped alleviate the burden on social services, healthcare facilities, and emergency housing services. This has led to cost savings for local authorities and improved resource allocation. Community Engagement and Support Networks The organization has fostered a sense of community among residents, reducing isolation and promoting peer support. This has helped individuals build confidence, strengthen relationships, and reintegrate into society more effectively. Personalized Support for Diverse Needs SOLATOYE CIC has offered tailored assistance, ensuring that individuals with different disabilities and mental health challenges receive appropriate care. This person-centered approach has enhanced their quality of life and long-term stability. Overall, SOLATOYE CIC’s activities have played a crucial role in improving the lives of vulnerable adults by providing secure housing, essential support services, and pathways to greater independence, ultimately fostering a stronger and more inclusive community.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 May 2024
And signed on behalf of the board by:
Name: Dr Abidemi Sokunbi
Status: Director