MI GEN CIC

Company limited by guarantee

Company Registration Number:
08820022 (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

MI GEN CIC

Contents of the Financial Statements

for the Period Ended 31 December 2022

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

MI GEN CIC

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Mr D Evans
Ms A -M Houghton


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
27 September 2023

And signed on behalf of the board by:
Name: Mr D Evans
Status: Director

MI GEN CIC

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 5,880 19,526
Cost of sales: 0 0
Gross profit(or loss): 5,880 19,526
Distribution costs: 0 0
Administrative expenses: ( 5,898 ) ( 19,526 )
Other operating income: 0 0
Operating profit(or loss): (18) 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (18) 0
Tax: 0 0
Profit(or loss) for the financial year: (18) 0

MI GEN CIC

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 100 100
Cash at bank and in hand: 21,888 21,906
Investments:   0 0
Total current assets: 21,988 22,006
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 21,943 ) ( 21,943 )
Net current assets (liabilities): 45 63
Total assets less current liabilities: 45 63
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): 45 63
Members' funds
Profit and loss account: 45 63
Total members' funds: 45 63

The notes form part of these financial statements

MI GEN 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 27 September 2023
and signed on behalf of the board by:

Name: Mr D Evans
Status: Director

The notes form part of these financial statements

MI GEN 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

MI GEN CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 2 2

MI GEN CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Debtors

2022 2021
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 100 100
Total 100 100
Debtors due after more than one year: 0 0

MI GEN CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 450 450
Other creditors 21,493 21,493
Total 21,943 21,943

COMMUNITY INTEREST ANNUAL REPORT

MI GEN CIC

Company Number: 08820022 (England and Wales)

Year Ending: 31 December 2022

Company activities and impact

In 2022 MI Gen CIC was involved in an EU funded project which commenced in December 2019.The Entrecomp Certificate is a KA2 Erasmus + Project aimed at providing young people with competency units which will formally acknowledge skill and knowledge in Entrepreneurship and endorsed by Lancaster University.Local young people will be encouraged to set up and run their own businesses, whether they be for profit or for social benefit,

Consultation with stakeholders

Our main stakeholders are education organisations, including local schools,FE colleges, Universities, as well as community groups and older peoples organisations. We have liaised and formed partnership with a number of local schools, older peoples organisations and community organisations and are developing further strategic partnerships in order to apply for joint funding.

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
27 September 2023

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