for the Period Ended 31 January 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 January 2023
Principal activities of the company
Directors
The director shown below has held office during the period of
19 January 2022 to 31 January 2023
The director shown below has held office during the whole of the period from
7 January 2022 to 31 January 2023
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
13 months to 31 January 2023 | ||
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| £ | |
Turnover: | | |
Cost of sales: | ( | |
Gross profit(or loss): | | |
Administrative expenses: | ( | |
Other operating income: | | |
Operating profit(or loss): | ( | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | |
Profit(or loss) before tax: | ( | |
Tax: | | |
Profit(or loss) for the financial year: | ( |
As at
Notes | 13 months to 31 January 2023 | ||
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| £ | ||
Creditors: amounts falling due within one year: | 3 | ( | |
Net current assets (liabilities): | ( | ||
Total assets less current liabilities: | ( | ||
Total net assets (liabilities): | ( | ||
Members' funds | |||
Profit and loss account: | ( | ||
Total members' funds: | ( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 January 2023
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 January 2023
13 months to 31 January 2023 | ||
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Average number of employees during the period | |
for the Period Ended 31 January 2023
13 months to 31 January 2023 | ||
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£ | ||
Bank loans and overdrafts | | |
Trade creditors | | |
Accruals and deferred income | | |
Total | |
The company runs Marcus Garvey Centre and Ballroom, which is part of the Lenton Boulevard Business centre. It provides space, facilities, and resources for local communities. It was launched in January 2022 and during the financial year of 2022-2023, the Marcus Garvey Centreactivities entailed working on supporting the local communities with the space in the following ways:- Local residents (particularly those from African and Caribbean backgrounds plus immigrantcommunities) with accessible, suitable, and ideal space to organise, manage and undertake theiractivities free or at highly discounted.- Social and economic growth and wellbeing of local communities by supporting training,awareness raising and health and wellbeing sessions in the centre.- Provided volunteering and internship opportunities for 14 residents.- 3 social events being 1 Windrush and 2 Youth Information and Wellbeing events.- Over 3600 people used the Ballroom over the year in social, cultural and entertainment eventsthat included receptions for funerals, weddings, baptisms and other celebrations.- Ensured the centre is in good quality, meet the legislative requirements and facilitate a range ofactivities for the beneficiaries.
The company’s stakeholders are the local communities and those who visit and use the centre, local charities and community organisations, Nottingham City Council, local statutory bodies, and institutions that use the centre and work with the centre. The directors of the company are the directors and leads of companies and charities that use the centre and have been in the centre for several years, while others have managed the centre since 1982. The community centre management model is based on their experience of talking to other users and local communities.All centre users are asked to fill in a short questionnaire about their experience and requirements which has been instrumental in helping us to build up a profile of local communities needs and what we can do to meet them more effectively. Our research, especially that supported by teams from the local universities has enabled us to identify theneed for full refurbishment of the centre, installation of a lift, better access points, and support with better signage, toilets and storage of seats after events and activities. They also proposed the need to approach national charities to help in addressing the financial andoperational demands to address these shortcomings. They identified the centre is operating at 26% its capacity and these refurbishments will increase sustainability, usage, and growth ofthe centre.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
4 October 2023
And signed on behalf of the board by:
Name: Tyron Browne
Status: Director