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 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 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 3 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 4 | ( | ( |
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
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 January 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Taxation and social security | | |
Total | | |
for the Period Ended 31 January 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Total | | |
The last year has seen a number of key developments for our business:We began the process of taking actions to improve our sustainability by taking onboard aconsultant and securing funds to allow us to be ready to bid for significant social investment.To attract this, we have been supported by a team of commissioned consultants who havelooked at marketing, finance, intellectual property and business development. Theirassessments (and reports) will be provided to potential social investors in Oct/Nov 2023. If weare successful, this will greatly improve our sustainability and make us less reliant on grants.Having said that, we received more Big Lottery funding and launched ‘Rebuilding StrongerCommunities’ in April 2023 which supports communities (individuals and organisations) totake actions that break down barriers and improve community cohesion. Following a series ofhigh-profile murders in Nottingham, the work of this project has been at the forefront of city’sattempts to maintain cohesive communities.In terms of sustainability, we have seen the largest rise in the amount of income generated bypaying customers.We have been in talks with a nation BAME organisation about us becoming one of 12 national‘hubs’ to support the development of small, frontline BAME organisations by building theircapacity in key areas of business.For more details of our work during the last year please go to www.communitiesinc.org.uk
As stated in previous CIC 34’s, we continue to be led by our stakeholders. Few of our many projects and programmes are delivered solely by us and most of them involve us working in partnership with a least one partner. Our largest project ‘Rebuilding Stronger Communities’ is externally evaluated by Montgomery Masters (a local consultancy firm) and they interview key stakeholders to determine the effectiveness of our relationships and the impact of our work. The feedback received has been extremely positive
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
24 October 2023
And signed on behalf of the board by:
Name: Michael Henry
Status: Director