PRINCIPLES OF SUCCESS C.I.C.

Company limited by guarantee

Company Registration Number:
13649122 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2022

Period of accounts

Start date: 28 September 2021

End date: 30 September 2022

PRINCIPLES OF SUCCESS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 September 2022

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

PRINCIPLES OF SUCCESS C.I.C.

Directors' report period ended 30 September 2022

The directors present their report with the financial statements of the company for the period ended 30 September 2022

Directors

The directors shown below have held office during the whole of the period from
28 September 2021 to 30 September 2022

Jamie Caine
Maxine Greaves
Johanne Gilroy


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
2 August 2023

And signed on behalf of the board by:
Name: Jamie Caine
Status: Director

PRINCIPLES OF SUCCESS C.I.C.

Profit And Loss Account

for the Period Ended 30 September 2022

2022


£
Turnover: 500
Cost of sales: 0
Gross profit(or loss): 500
Distribution costs: 0
Administrative expenses: ( 605 )
Other operating income: 0
Operating profit(or loss): (105)
Profit(or loss) before tax: (105)
Tax: 0
Profit(or loss) for the financial year: (105)

PRINCIPLES OF SUCCESS C.I.C.

Balance sheet

As at 30 September 2022

Notes 2022


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 500
Investments:   0
Total current assets: 500
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 355 )
Net current assets (liabilities): 145
Total assets less current liabilities: 145
Creditors: amounts falling due after more than one year: 4 ( 250 )
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (105)
Members' funds
Profit and loss account: (105)
Total members' funds: ( 105)

The notes form part of these financial statements

PRINCIPLES OF SUCCESS C.I.C.

Balance sheet statements

For the year ending 30 September 2022 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 2 August 2023
and signed on behalf of the board by:

Name: Jamie Caine
Status: Director

The notes form part of these financial statements

PRINCIPLES OF SUCCESS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2022

  • 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

PRINCIPLES OF SUCCESS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2022

  • 2. Employees

    2022
    Average number of employees during the period 0

PRINCIPLES OF SUCCESS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2022

3. Creditors: amounts falling due within one year note

2022
£
Other creditors 355
Total 355

PRINCIPLES OF SUCCESS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2022

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

2022
£
Other creditors 250
Total 250

COMMUNITY INTEREST ANNUAL REPORT

PRINCIPLES OF SUCCESS C.I.C.

Company Number: 13649122 (England and Wales)

Year Ending: 30 September 2022

Company activities and impact

During the financial year 2021/2022, Principles of Success our capacity to deliver has been severely restricted by the uncertain local political landscape, economic, (cost-of-living) social, environmental and health crises. Acknowledging the growing economic insecurity affect an ever-greater part of the communities we serve. However, we will continue to advocate and act to deliver the following company activities:Leadership programme – developing the leadership potential within African, Asian & Minoritized Groups communitiesResearch – Principles of Success activities will be continuously informed by ongoing research, including bespoke research projects that support community development impactProfessional Development – enabling individuals to enhance their professional practice regarding the Equality Act 2010Organisational Development – utilising the Maturity Assessment for Equality Diversity & Inclusion helping organisations in their endeavour to enhance equality across the organisation

Consultation with stakeholders

Principles of Success (PoS) stakeholders are drawn from AAMG communities, civic organisations, and institutions across the city. A series of engagements were launched that provided multiple different participation pathways for stakeholders to share their views and perspectives of Sheffield’s response to Race Inequality now, and what they feel it could and should be like in the future. This included a city-wide survey open to all, generating a sizable number of responses, and workshops with a curated group of stakeholders that surfaced lived experiences and diverse perspectives through conversational formats.PoS engagement in this depth of deliberation generated a level of qualitative data that now informs the Race Equality Commissions (REC) report and its subsequent recommendationsThe reason for this approach was to enable cascading involvement of more stakeholders, as well as a shift in priorities towards interpreting the datasets generated by the various conversations, in combina-tion with existing evidence and research to inform the implantation of a ‘what works’ mindset. In tandem, with exploring how Sheffield as a city can best organise to deliver on the REC recommen-dations and fundamentally how PoS is able to play a key part in the strategic and operational delivera-bles in relation to the following themes:Racial inequality and racism in Sheffield that are held, and which may be of use to the Commission.Institutional approaches to related race equality duties and frameworks.Organisation analysis of the cause(s) of racism and/or racial inequality within their sector.Examples of good practice in relation to reducing racism and/or racial inequality (from within the city, elsewhere in the UK, or overseas.

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
2 August 2023

And signed on behalf of the board by:
Name: Jamie Caine
Status: Director