RESOLE CIC

Company limited by guarantee

Company Registration Number:
12592379 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

RESOLE CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

RESOLE CIC

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Current assets
Stocks: 3 73,100
Cash at bank and in hand: 1,691 1,251
Total current assets: 74,791 1,251
Net current assets (liabilities): 74,791 1,251
Total assets less current liabilities: 74,791 1,251
Total net assets (liabilities): 74,791 1,251
Members' funds
Profit and loss account: 74,791 1,251
Total members' funds: 74,791 1,251

The notes form part of these financial statements

RESOLE CIC

Balance sheet statements

For the year ending 31 May 2023 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 1 October 2023
and signed on behalf of the board by:

Name: Michael NSUBUGA
Status: Director

The notes form part of these financial statements

RESOLE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

RESOLE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

RESOLE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Stocks

2023 2022
£ £
Stocks 73,100
Total 73,100

COMMUNITY INTEREST ANNUAL REPORT

RESOLE CIC

Company Number: 12592379 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

Resole CIC delivered in the last year over 20.000 pairs of quality new and used footwear to the most vulnerable in our society including but not limiting to the homeless community, young people at risk of youth/gang violence, unaccompanied refugee minors, and those on low income who are having to utilise soup kitchens and foodbanks.We have dedicated times and days for our outreach program varying across homeless spots in London, a weekly drop off at designated soup kitchens and responding to requests from local schools and small various other charities seeking quality footwear for their clients or young people.We support local families with sports footwear through our give back project so that they are able to participate in sporting activities benefiting the person’s life in a positive manner both mentally and physically.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Mr MICHAEL NSUBUGA was paid a total of £!166.66 during this period.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 October 2023

And signed on behalf of the board by:
Name: Michael NSUBUGA
Status: Director