for the Period Ended 30 November 2022
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 30 November 2022
Directors
The directors shown below have held office during the whole of the period from
1 December 2021 to 30 November 2022
Secretary
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
2022 | 2021 | |
---|---|---|
| £ | £ |
Turnover: | | |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
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: | | | |
Creditors: amounts falling due after more than one year: | 5 | ( | ( |
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 30 November 2022
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 30 November 2022
2022 | 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 November 2022
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 December 2021 | | | ||||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 November 2022 | | | ||||
Depreciation | ||||||
At 1 December 2021 | | | ||||
Charge for year | ||||||
On disposals | ||||||
Other adjustments | ||||||
At 30 November 2022 | | | ||||
Net book value | ||||||
At 30 November 2022 | | | ||||
At 30 November 2021 | | |
for the Period Ended 30 November 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Other creditors | | |
Total | | |
for the Period Ended 30 November 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Other creditors | | |
Total | | |
Our Power Hub CIC offers a range of support services and creative outlets for people across the Royal Borough of Kensington and Chelsea and neighbouring boroughs, helping im-prove mental and emotional wellbeing. Programs include technology-based initiatives, sports, art sessions, music programs, and STEM activities, catering to the diverse needs of the community. Partnerships with health professionals and esteemed organizations ensure a comprehensive approach to service delivery. Our mentorship programs empower youth, providing them with guidance and skill-building opportunities. Our impactful activities, including Art & Crafts workshops, Boxing Fitness Classes, adventure weekends, Music 2 Heal Workshops, and Introduction to NFT Art Workshop, have demonstrated positive benefits for the community, such as improved mental health, increased self-esteem, and strengthened resilience, contributing to the overall well-being and future success of individuals we serve.
Our Power Hub CIC maintains strong relationships with various stakeholders, including the Young People’s Fund, RBKC, The Dedicated Service, The Grenfell Foundation, KCSC, and CNWL, through regular meetings, emails, and phone calls.These collaborations facilitate the delivery of a diverse range of activities and workshops, such as art and crafts, technology, and online boxing training, in response to feedback from bereaved, survivors, and residents.These efforts highlight the peer-led model adopted by Our Power Hub CIC. The impact of Covid-19 led to some activities being moved online, but in-person events resumed once restrictions eased. The support from The Grenfell Foundation has been particularly instrumental in providing resources, advice, and skills to enhance the service delivery of Our Power Hub CIC, proving the organization's agility and trustworthiness within the community.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
21 October 2023
And signed on behalf of the board by:
Name: Miss Nadia Aasili
Status: Director