SAFI COFFEE CIC

Company limited by guarantee

Company Registration Number:
11748267 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

SAFI COFFEE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

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

SAFI COFFEE CIC

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 19,328 21,346
Cost of sales: ( 11,818 ) ( 23,334 )
Gross profit(or loss): 7,510 (1,988)
Administrative expenses: ( 3,368 ) ( 6,044 )
Operating profit(or loss): 4,142 (8,032)
Interest payable and similar charges: ( 53 ) ( 95 )
Profit(or loss) before tax: 4,089 (8,127)
Profit(or loss) for the financial year: 4,089 (8,127)

SAFI COFFEE CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Current assets
Stocks: 3 1,279 6,322
Debtors: 4 6,456 1,888
Cash at bank and in hand: 5,628 7,475
Total current assets: 13,363 15,685
Creditors: amounts falling due within one year: 5 ( 23 ) ( 2,185 )
Net current assets (liabilities): 13,340 13,500
Total assets less current liabilities: 13,340 13,500
Creditors: amounts falling due after more than one year: 6 ( 1,750 )
Total net assets (liabilities): 13,340 11,750
Members' funds
Profit and loss account: 13,340 11,750
Total members' funds: 13,340 11,750

The notes form part of these financial statements

SAFI COFFEE CIC

Balance sheet statements

For the year ending 31 March 2025 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 23 June 2025
and signed on behalf of the board by:

Name: David Johnson
Status: Director

The notes form part of these financial statements

SAFI COFFEE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 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

SAFI COFFEE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

SAFI COFFEE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Stocks

2025 2024
£ £
Stocks 1,279 6,322
Total 1,279 6,322

SAFI COFFEE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
£ £
Trade debtors 0 1,085
Prepayments and accrued income 6,456 803
Total 6,456 1,888

SAFI COFFEE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 1,400
Trade creditors 635
Accruals and deferred income 23 150
Total 23 2,185

SAFI COFFEE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

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

  2024
  £
Bank loans and overdrafts 1,750
Total   1,750

COMMUNITY INTEREST ANNUAL REPORT

SAFI COFFEE CIC

Company Number: 11748267 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

The company is filing accounts for the period from 1st April 2024 to 31st March 2025. During this period the activities of the company consisted of: Importing raw coffee beans from local farmers in the rural Kanungu district of Uganda, helping to sustain and grow their business, thereby contributing to employment and poverty reduction in the local community. Marketing and selling the processed coffee beans to customers by direct sales, a dedicated website and developing partnerships with other connected independent schools. Financial surpluses generated from these activities are reserved and used to fund sponsorship of students in the Kanungu district of Uganda from where the beans originated. Following the withdrawal of support for Safi Coffee by Tranby School, the board of directors has taken time during the year to explore avenues to try to secure the future of the business or in the worst case wind it up and cease to trade completely. At the time of this report the board is considering a proposal from a new team of possible directors to take over the running of the company and relaunch the Safi Coffee brand based from Felsted School - thus maintaining the links with Uganda and benefits to students in the UK.

Consultation with stakeholders

The main day to day management of the company is led by its directors, making key decisions regarding administrative matters and strategic development. Other principal stakeholders are: Customers – they are not consulted per se but have made commitments to Safi Coffee in support of the stated charitable objectives the company upholds. Suppliers – again they are not consulted on matters of running the company however they fully support Safi ’s objectives with favourable pricing where possible and are a valuable source of expertise in the coffee market. This does not include the local farmers in Uganda from whom Safi purchases at prevailing market rates. The Kanungu Community in Uganda via formal links with Kirima Ltd (UK registered charity number 1128290) –consultation takes the form of identifying local students that can benefit directly from Safi Coffee sponsorship and monitoring the use of the funds provided.

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
23 June 2025

And signed on behalf of the board by:
Name: David Johnson
Status: Director