AFRICA SOCIAL INNOVATORS NETWORK C.I.C.

Company limited by guarantee

Company Registration Number:
12849415 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

AFRICA SOCIAL INNOVATORS NETWORK C.I.C.

Contents of the Financial Statements

for the Period Ended 30 September 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

AFRICA SOCIAL INNOVATORS NETWORK C.I.C.

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 0 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

AFRICA SOCIAL INNOVATORS NETWORK C.I.C.

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   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

AFRICA SOCIAL INNOVATORS NETWORK C.I.C.

Balance sheet statements

For the year ending 30 September 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 21 June 2025
and signed on behalf of the board by:

Name: Adeyinka Adewale
Status: Director

The notes form part of these financial statements

AFRICA SOCIAL INNOVATORS NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 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

AFRICA SOCIAL INNOVATORS NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

COMMUNITY INTEREST ANNUAL REPORT

AFRICA SOCIAL INNOVATORS NETWORK C.I.C.

Company Number: 12849415 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Who we are We are a virtual innovation ecosystem comprising a global network of Africa-focused social innovators, entrepreneurs and key innovation ecosystem stakeholders. We foster collaboration amongst members towards co-creating solutions for Africa’s toughest challenges. What we do We connect innovators around the world working on Africa focussed projects with: People, Education, Community and Support Who is it for? - Social innovators and entrepreneurs anywhere in the world working on Africa focused projects. Our support services cover members with raw ideas to those at the early growth stages. - Professional support service providers willing to support mission-driven start-ups on their journeys to making the world a better place - Key innovation ecosystem stakeholders including incubators, hubs, academic institutions, investors, public sector institutions willing to engage with social innovators Our Approach We believe in interconnectivity and interdependence hence we leverage our global network of partnerships in creating an ‘artificial’ innovation ecosystem that breaks silos and helps members transcend the limitations of their local contexts. Key Activities - How we serve our members We support innovators across different stages of growth with two broad categories of activities: General Community Activities – These activities facilitate continuous interactions and engagement amongst all members of our network across different stakeholder groups with the aim of facilitating networking, introductions as well as cross fertilization of insights and ideas. These include Roundtables, Masterclasses and Annual Showcases. Specific Stage Activities – These activities leverage our global network of partnerships to provide support for members at the idea and early development stage as well as the early growth stages. They include access to Mentoring, Incubation Programs, Educational Courses, Advisory and Coaching Services, Publicity, Facilitated Business Introductions and other professional support services. Benefits - Social Innovators have access to people, education, communities and support - Networking with individuals and organisations to facilitate potentially useful partnerships - Professional support service providers gain visibility and earn revenue as serve other members - Investors and representatives of impact investment funds will have access to investable opportunities across industry sectors in alignment with the sustainable development goals, - Community stakeholders, including non-profits, activists, government representatives and many more can connect with one another to share their individual challenges and opportunities.

Consultation with stakeholders

We have interacted with social innovators whom we want to help. In our interactions we built intervention support programs to meet their specific needs. With the help of professionals who have supported with pro bono support, we have also been able to consult this group of stakeholders to continue to help the innovators. Other stakeholders consulted include incubator programs with whom support services have been provided to the innovators we support.

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
21 June 2025

And signed on behalf of the board by:
Name: Adeyinka Adewale
Status: Director