PROJECT ZERO WF CIC

Company limited by guarantee

Company Registration Number:
12230813 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

PROJECT ZERO WF CIC

Contents of the Financial Statements

for the Period Ended 31 December 2022

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

PROJECT ZERO WF CIC

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 0 0
Cost of sales: ( 125,980 ) ( 87,990 )
Gross profit(or loss): (125,980) (87,990)
Distribution costs: 0 0
Administrative expenses: ( 183,441 ) ( 269,217 )
Other operating income: 313,477 362,324
Operating profit(or loss): 4,056 5,117
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 356 ) 0
Profit(or loss) before tax: 3,700 5,117
Profit(or loss) for the financial year: 3,700 5,117

PROJECT ZERO WF CIC

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 3,234 4,312
Investments:   0 0
Total fixed assets: 3,234 4,312
Current assets
Stocks:   0 0
Debtors: 4 27,098 18,500
Cash at bank and in hand: 20,076 7,786
Investments:   0 0
Total current assets: 47,174 26,286
Creditors: amounts falling due within one year: 5 ( 40,811 ) ( 22,503 )
Net current assets (liabilities): 6,363 3,783
Total assets less current liabilities: 9,597 8,095
Creditors: amounts falling due after more than one year: 6 ( 6,497 ) ( 8,695 )
Total net assets (liabilities): 3,100 (600)
Members' funds
Profit and loss account: 3,100 ( 600)
Total members' funds: 3,100 (600)

The notes form part of these financial statements

PROJECT ZERO WF CIC

Balance sheet statements

For the year ending 31 December 2022 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 28 September 2023
and signed on behalf of the board by:

Name: Miss N Gichie
Status: Director

The notes form part of these financial statements

PROJECT ZERO WF CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated capital and reserves in respect of that asset, the excess is recognised in profit or loss.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over the useful lives on the following basis:Computer Equipment 25% Reducing Balance

PROJECT ZERO WF CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 10 2

PROJECT ZERO WF CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 5,750 5,750
Additions
Disposals
Revaluations
Transfers
At 31 December 2022 5,750 5,750
Depreciation
At 1 January 2022 1,438 1,438
Charge for year 1,078 1,078
On disposals
Other adjustments
At 31 December 2022 2,516 2,516
Net book value
At 31 December 2022 3,234 3,234
At 31 December 2021 4,312 4,312

PROJECT ZERO WF CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Trade debtors 0 18,500
Prepayments and accrued income 27,098 0
Total 27,098 18,500

PROJECT ZERO WF CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Other creditors 40,811 22,503
Total 40,811 22,503

PROJECT ZERO WF CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

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

2022 2021
£ £
Bank loans and overdrafts 6,497 8,695
Total 6,497 8,695

COMMUNITY INTEREST ANNUAL REPORT

PROJECT ZERO WF CIC

Company Number: 12230813 (England and Wales)

Year Ending: 31 December 2022

Company activities and impact

Project Zero WF cic Engages young people in Positive Activities to promote social Inclusion and reduce anti-social / offending behaviour. Our aim is to see Zero deaths of a young person due to knife crime or youth violence.Project Zero WF is a black-led CIC that engages young people aged 8-25 in positive activities to promote social inclusion and reduce anti-social and offending behaviour in Waltham Forest. More than 90% of the young people we work with are from BAME communities, and 90% live in lower-income households that rely on state benefits and are eligible for free school meals. Our staff team and volunteers are also 90% BAME. Last year we directly supported more than 500 young people.We work closely with young people who have either been a victim or perpetrator of knife violence, or who live in families that have been involved in the criminal justice system. Young people on our alternate education programme are not thriving in the school environment and often carry the load of self-doubt and rejection. This is similar for young people living-in or leaving the care system. We use sport, tech, music etc to engage them and inspire them to build on their talents. Accessibility is central to everything we deliver. We are acutely aware that in any group there will be young people who have reading, writing and mathematical skills below their age expectation. Additionally, we know that at around 37% of young people we support have additional learning needs such as dyslexia, ADHD or autism. Young people are involved in the design and delivery of our activities which further reduces barriers to accessibility. Partnership working is central to the success of our model and we work collaboratively with a number of partners including the Youth Offending Team, Leaving Care Team, Early Help, Youth at Risk team, CAMHS, the Police and London Youth etc. Joint working amplifies the impact we are all able to achieve by making scarce resources reach further and providing better coordination for young people receiving support. All of our activities and services come under one of three umbrellas, Engagement, Inclusion and Employment.Engagement 2022Free 8 Weeks Holiday Activities for young people aged 8 – 16 years old. With hot food provided.Tuesday – Youth Space for 8-16 years old, Free food provided. Activities included:Highest Session Attendance - 82Lowest Session Attendance - 33Total amount of individual registrations - 232Wednesday – Waltham Forest Chingford Youth Club, Free for 11-16 years old, Hot food provided. Highest Session Attendance - 46Lowest Session Attendance - 22Total amount of individual registrations - 73Thursday – Young Carers - Free Youth Club for Waltham Forest Young Carers.Highest Session Attendance - 29Lowest Session Attendance - 16Total amount of individual registrations - 48Fridays – Our Space, Open Mic Night for 14-21 years oldNumber of sessions – 8 Throughout the yearSaturdays – Creative Arts Club for 8-18years old, small fee required, 40% places subcides.Highest Session Attendance - 37Lowest Session Attendance -22Total amount of individual registrations - 56Inclusion 2022Alternative Provision – Engaging Young People from main stream school.Number of pupils for this year: 13School Engagement Program3 Secondary Schools – Peer Mentoring Program3 Primary Schools – Activity Engagement Program & Transition program.Me, Myself and I – tailor made youth engagement program.Number of students engaged with: 31Mental Health ServicesWell Being & Get Active ProgramThriving Minds FundingSupporting Vulnerable Adults – Waltham Forest FundingCommunity Kitchen – Warmer Spaces Waltham Forest – Energy Crisis supportParent Champion Program EmploymentWork Experience Program, Insight Days with Corporate Partner CompaniesCareers FayreHeadstart – London YouthDigital Talent – London YouthVirtual Futures – Westfield FundingAssembling Futures -ESEF Funding16-21 Support ServicesHighlight for the year.Queens Community Platinum Jubilee celebrationsAwarded Volunteer Award by Duchess Camila Then in October – Royal visit by King & Queen to our centre. Other Community Events –Windrush Event Waltham Forest Town Square.

Consultation with stakeholders

We meet with our Youth Champions (a youth leadership and social action group) at regular intervals to ensure that all our activities are youth led and have the opinions of the youth involved in our projects. The outset has a steering group, supported by professions and youth champions to ensure that our activities are community based and community led. Youth Champion Steering Group Meets – Quarterly The Outset Centre, Community Youth Hub Meets – Quartey We have also now have a Parenting Champion – Quarterly Meeting In each of activities, services and programs we have a robust, monitoring and evaluation process. This is made up of questionnaires, interviews, and workshops, to ascertain the views of all key stakeholder and participants. This information is used to develop our programs and services.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £30,171.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 September 2023

And signed on behalf of the board by:
Name: Miss N Gichie
Status: Director