DIASPORA COUNTY48 KENYA (GLOBAL) CIC

Company Registration Number:
13559282 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

DIASPORA COUNTY48 KENYA (GLOBAL) CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

DIASPORA COUNTY48 KENYA (GLOBAL) CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 1,000 1,000
Tangible assets: 4 1,000 1,000
Total fixed assets: 2,000 2,000
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 1,000 1,000
Investments:   0 0
Total current assets: 1,000 1,000
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 1,000 1,000
Total assets less current liabilities: 3,000 3,000
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): 3,000 3,000
Capital and reserves
Called up share capital: 400 400
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 2,600 2,600
Total Shareholders' funds: 3,000 3,000

The notes form part of these financial statements

DIASPORA COUNTY48 KENYA (GLOBAL) CIC

Balance sheet statements

For the year ending 31 August 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 March 2025
and signed on behalf of the board by:

Name: Bernard Kavyu
Status: Director

The notes form part of these financial statements

DIASPORA COUNTY48 KENYA (GLOBAL) CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

DIASPORA COUNTY48 KENYA (GLOBAL) CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

DIASPORA COUNTY48 KENYA (GLOBAL) CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 September 2023 1,000 1,000
Additions 0 0
Disposals
Revaluations
Transfers
At 31 August 2024 1,000 1,000
Amortisation
At 1 September 2023 0 0
Charge for year
On disposals
Other adjustments
At 31 August 2024 0 0
Net book value
At 31 August 2024 1,000 1,000
At 31 August 2023 1,000 1,000

DIASPORA COUNTY48 KENYA (GLOBAL) CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 1,000 1,000
Additions
Disposals
Revaluations
Transfers
At 31 August 2024 1,000 1,000
Depreciation
At 1 September 2023
Charge for year
On disposals
Other adjustments
At 31 August 2024
Net book value
At 31 August 2024 1,000 1,000
At 31 August 2023 1,000 1,000

COMMUNITY INTEREST ANNUAL REPORT

DIASPORA COUNTY48 KENYA (GLOBAL) CIC

Company Number: 13559282 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

The Diaspora County 48 Kenya (Global) CIC (DC48K) is a worldwide Kenyan Diaspora registered organisation that represents all the Kenyans living in Diaspora currently estimated at 4 million. DC48K is represented globally in all the eight geopolitical regions with Regional Coordinators in Africa, Asia, Europe, Eurasia, Middle East, North America, Oceania and South America. Our motto is We are Stronger Together! (www.dc48k.org) Diaspora County 48 Kenya in partnership with the State Department for Diaspora Affairs was pleased to to host the Diaspora Investment Conference 2023 (DIC 2023) that was held at KICC in Nairobi Kenya on December 13-15, 2023. This was an event of immense significance aimedI at fostering connections and collaboration between Kenyans in the Diaspora and their counterparts at home. DIC 2023 served as a platform for f dialoguc, knowledge sharing, and networking among Kenyans living abroad and those residing within the country. This was a great opportunity for businesses and investors seeking to tapo on the immense Kenyan Diaspora market composed of over 4 million Kenyans living in the Diaspora County 48 Kenya. The cherry on this cake was the presence of His Excellency, President Dr William Ruto who officially opened the Diaspora Investment Conference 2023.Diaspora County48 Kenya (Global) CIC continued to serve Kenyans living in diaspora as per its core objectives and mandate. The organisation carried out various activities for Kenyan communities in Africa, Asia, Europe, Eurasia, Middle East, North America, Oceania and South America regions. Evacuation of those in distress and repatriation of the deceased continues to be a major contribution of this organisation to the Kenyan community living abroad.

Consultation with stakeholders

Diaspora County48 Kenya (Global) CIC has regular consultations with its stakeholders, who are Kenyans living abroad in across eight regions. The organisation holds weekly Global Executive Committee (GEC) meetings, Monthy Global Convention Committee (GCC) meetings and Annual General Members meeting (AGM). During these meetings variuos items are placed on the agenda and diliberated by the committee members. All matters of interest and concern to the general membership are addressed and communicated via the website, social media platforms such as Facebook, Telegram and WhatsApp. Through the use of these social media platforms, stakeholders are engaged and encouraged to air their views and concerns, which are then addressed by the leadership teams.

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
31 March 2025

And signed on behalf of the board by:
Name: Bernard Kavyu
Status: Director