BLOOM COFFEE ACADEMY CIC

Company limited by guarantee

Company Registration Number:
13144284 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 1 February 2022

End date: 31 January 2023

BLOOM COFFEE ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 31 January 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BLOOM COFFEE ACADEMY CIC

Directors' report period ended 31 January 2023

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

Edward Walker
Graeme Hodge
Duncan Parker


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
24 October 2023

And signed on behalf of the board by:
Name: Edward Walker
Status: Director

BLOOM COFFEE ACADEMY CIC

Profit And Loss Account

for the Period Ended 31 January 2023

2023 2022


£

£
Turnover: 11,189 3,037
Cost of sales: ( 679 ) ( 173 )
Gross profit(or loss): 10,510 2,864
Administrative expenses: ( 11,050 ) ( 13,315 )
Other operating income: 1,014
Operating profit(or loss): 474 (10,451)
Profit(or loss) before tax: 474 (10,451)
Profit(or loss) for the financial year: 474 (10,451)

BLOOM COFFEE ACADEMY CIC

Balance sheet

As at 31 January 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 781 5,983
Total current assets: 781 5,983
Creditors: amounts falling due within one year: 3 ( 758 ) ( 6,434 )
Net current assets (liabilities): 23 (451)
Total assets less current liabilities: 23 ( 451)
Creditors: amounts falling due after more than one year: 4 ( 10,000 ) ( 10,000 )
Total net assets (liabilities): (9,977) (10,451)
Members' funds
Profit and loss account: (9,977) ( 10,451)
Total members' funds: ( 9,977) (10,451)

The notes form part of these financial statements

BLOOM COFFEE ACADEMY CIC

Balance sheet statements

For the year ending 31 January 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.

This report was approved by the board of directors on 24 October 2023
and signed on behalf of the board by:

Name: Edward Walker
Status: Director

The notes form part of these financial statements

BLOOM COFFEE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net ofdiscounts and value added taxes. Turnover includes revenue earned from the sale of goods andfrom the rendering of services. Turnover is reduced for estimated customer returns, rebatesand other similar allowances.

    Other accounting policies

    Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards ofownership of the goods has transferred to the buyer. This is usually at the point that thecustomer has signed for the delivery of the goods.Rendering of servicesTurnover from the rendering of services is recognised by reference to the stage of completionof the contract. The stage of completion of a contract is measured by comparing the costsincurred for work performed to date to the total estimated contract costs. Turnover is onlyrecognised to the extent of recoverable expenses when the outcome of a contract cannot beestimated reliably.

BLOOM COFFEE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

BLOOM COFFEE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1
Accruals and deferred income 758 6,433
Total 758 6,434

BLOOM COFFEE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 10,000 10,000
Total 10,000 10,000

COMMUNITY INTEREST ANNUAL REPORT

BLOOM COFFEE ACADEMY CIC

Company Number: 13144284 (England and Wales)

Year Ending: 31 January 2023

Company activities and impact

The Bloom Coffee Academy CIC was set up to train those affected by homelessness to become qualified baristas. The time frame is not fixed as we understand people absorb at different rates, and we prefer to work at the candidates speed. Once trained, they receive two industry recognised SCA qualifications to help them find onward employment. We have successfully trained 28 people in the academy since we began. Our candidates have been referred to us through various charity partners and have not been solely affected by homelessness, but have other challenges and blockers in getting into employment

Consultation with stakeholders

Our stakeholders are the candidates that are referred to us from our charity partners. Before starting the course, we meet with the individuals to assess their situation, ensure they want to do the course and can commit to the attending weekly. We consult throughout the training to ensure they are learning and developing, the speed of training is right for them, and that they are enjoying it. There are tests at various stages where we are able to monitor their progress and we use this time to check in and support them. At the end of the course, we verbally ask how they found the course, and we use this response to adapt and plan for the future.

Directors' remuneration

No remuneration was received

Transfer of assets

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: Edward Walker
Status: Director