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
Directors
The directors shown below have held office during the whole of the period from
1 February 2022 to 31 January 2023
The director shown below has held office during the period of
20 January 2023 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
2023 | 13 months to 31 January 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | ( | ( |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 13 months to 31 January 2022 | |
---|---|---|---|
| £ | £ | |
Current assets | |||
Debtors: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
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
for the Period Ended 31 January 2023
2023 | 13 months to 31 January 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 January 2023
2023 | 13 months to 31 January 2022 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Other debtors | | |
Total | | |
for the Period Ended 31 January 2023
2023 | 13 months to 31 January 2022 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 31 January 2023
Name of director receiving advance or credit: | |
Description of the transaction: | |
| |
£ | |
---|---|
Balance at 31 January 2022 | |
Advances or credits made: | |
Advances or credits repaid: | |
Balance at 31 January 2023 | |
Educafe is a not-for-profit Community Interest Company (CIC) that provides safe spaces for West Berkshire residents to meet, eat, learn, and feel part of their community. The organisation was established in 2021 and has since grown significantly. Educafe now hosts around 750 active visitors each month, and it has delivered over 300 free health and wellbeing activities. Educafe has also partnered with over 50 local organisations.Key Highlights- Exponential growth in visitor numbers: Since opening its doors in July 2021, Educafe has seen a remarkable increase in the average number of visitors per week, reaching an impressive average of 150 individuals. This substantial growth highlights the effectiveness of Educafe's initiatives in addressing community needs and fostering engagement.- Surpassing initial funding expectations: Despite being originally commissioned to accommodate around 30 visitors per week, Educafe has consistently welcomed more than four times that number. This achievement not only demonstrates the demand for Educafe's services but also highlights the organisation's resilience and resourcefulness in managing an operation that has far exceeded expectations.- Positive impact on the lives of beneficiaries: Educafe has received numerous testimonials and feedback from individuals who have experienced transformative changes through their participation in Educafe's programs. Witnessing individuals gain confidence, develop language skills, build connections, and improve their overall wellbeing has been immensely rewarding.- Strong partnerships and collaborations: Educafe has successfully forged relationships with local services, educational institutions, businesses, and community organisations, forming a robust network of support and referral pathways. These partnerships have expanded the resources and opportunities available to Educafe's beneficiaries and have enhanced the organisation's ability to deliver impactful programs.- Growing team of resolute volunteers: Educafe's growing team of dedicated volunteers has been a true highlight. Their commitment, passion, and willingness to contribute their time and expertise have been crucial to the success of the organisation. The estimated value per annum is approx. £40k in volunteer time.Educafe's core offer is a free weekly cafe that provides a welcoming space for people of all ages and backgrounds to meet, learn, and make new friends. The cafe also offers a variety of free health and wellbeing activities, as well as English language support.In addition to the weekly cafe, Educafe also offers a range of additional services, including:- Workshops: Educafe offers a variety of workshops on a range of topics, such as health and wellbeing, formal English language courses, and arts and crafts.- Outreach: Educafe works with local organisations to provide outreach services to people who may not be able to access the organisation's services otherwise.- Fundraising events: Educafe hosts a variety of fundraising events throughout the year to raise money to support its work.- Engagement activities: Educafe offers a variety of engagement activities to help people connect with their community and have influence.Educafe has had a positive impact on the lives of many people in the community. The organisation has helped people to connect with others, learn new skills, secure jobs (paid and voluntary), and improve their health and wellbeing. Educafe has also helped to build a stronger and more vibrant community that shares knowledge and feels connected.Some of Educafe's key successes include:- Creating a strong network of visitors, volunteers, and local organisations.- Delivering 300+ free health and wellbeing sessions.- Partnering with over 50 local organisations including NHS, Police and Local Authority teams.- Working with 30+ active volunteers each week.- Newbury Weekly News coverage and video content.- Nominated for Newbury Town Council civic award.- Runner Up of For the National People Awards 2022 Problem Solving category.- Consistently serving free tea, cake and hosting activities for approx. 150 people per week, 43 weeks of the year.- Welcoming both regular visitors who have attended for and new visitors every week.- Making Newbury a friendlier, safer, and healthier place to live.Benefits to the community Educafe offers several benefits to the community, including:- Increased social connection and support for people from all backgrounds: Educafe's weekly cafe is a welcoming and inclusive space where people can connect with each other, regardless of their age, race, religion, or ability. This can help to reduce isolation and loneliness, and it can also provide people with a sense of belonging and support.- Improved health and wellbeing: Educafe offers a variety of health and wellbeing activities, such as yoga, meditation, and nutritional coaching. These activities can help to improve physical and mental health, inform, and empower people and reduce stress and anxiety.- Increased opportunities for learning and development: Educafe offers a variety of educational programs, such as English language courses, computer classes, and financial literacy classes. These programs can help people to improve their skills and knowledge, and they can also help them to find employment.- Reduced isolation and loneliness: Educafe's weekly cafe and other events provide a space for people to connect with each other and build relationships. This can help to reduce isolation and loneliness, which can have a negative impact on both physical and mental health.- Increased civic engagement: Educafe's events and activities can help to increase civic engagement. For example, Educafe's weekly cafe has been used as a space for people to discuss local issues, feedback to local services and to get involved in local politics.
Educafe’s stakeholders are residents of West Berkshire and also visitors to our weekly community cafe, learners on our language support courses and participants in our wellbeing programmes. Other stakeholders include grant funders such as West Berkshire Council, providing grant funding for our Diverse Ethnic Community Support Agency and Adult Community Learning providing funding for language support courses. We have monthly progress and communication meetings with West Berkshire Council which are supported by quarterly reports. Consultation with smaller grant funders take place ahead of project delivery and is followed-up with end of project reviews and feedback from participants. Participants in Educafe activities are encouraged to complete feedback which informs us of good practice and things we could improve upon. Feedback also allows us to identify local needs and helps us to identify and plan new projects.
The total amount paid or receivable by directors in respect of qualifying services was £78,387.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
6 October 2023
And signed on behalf of the board by:
Name: Clare Middleton
Status: Director