for the Period Ended 31 March 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional 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 March 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 March 2022 to 31 March 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
13 months to 31 March 2023 | ||
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As at
Notes | 13 months to 31 March 2023 | ||
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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 March 2023
Basis of measurement and preparation
for the Period Ended 31 March 2023
13 months to 31 March 2023 | ||
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Average number of employees during the period | |
Women Rise Up was set up to empower women, address their wellbeing and development needs. Through a one to one and one to many model, that should start to improve their socio economic knowledge, gain and develop financial autonomy. Primarily targeting the BME (Black and Minoritised Ethnic) community and any women who may be marginalised or need this type of support in Lancashire and beyond. The CIC began operating in March 2022. During the financial year 2022-2023 the company's activities have benefited the community in the following ways:- local BME women were consulted to understand what their needs and what support means to them. This is the first time for many women where they have a space to voice their opinions without fear of any repercussion. They found a sisterhood through shared experiences.-BAME widows who faced social isolation and are financially, emotionally and practically dependent on family members, were able to come together to share their feelings while creating a patchwork blanket that was donated to the local community centre. This patchwork blanket symbolised the beginning of their life beyond their family, giving them hope and a sense of self and accomplishment.-we sponsored leadership training for 16 professional BME women and have been able to offer one to one coaching and mentoring to 5 women. Through this training they have been able to develop the confidence and self belief that they can be leaders as they have the skills needed of leaders.
The company's stakeholders are Black and Minoritised Ethnic Women who are from the local community and professionals. The directors are BME women who represent the two cohorts of women we serve. The focus with the community women is to provide them with the space to connect; thereby reducing isolation, and make choices and decisions for themselves thereby building confidence and autonomy. The focus for professional women is to equip them with the skills to face intrinsic and extrinsic challenges that they might face through systemic, structural and cultural barriers in becoming leaders and taking on decision making roles.-We consult with our stakeholders at the beginning of each year through surveys and focus groups. We tap into local networks and organisations. Our research has indicated that our stakeholders are BME women that don't meet the criteria of statutory support and who fall between the cracks. Older BME widows forgotten by family and society and professional BME women because they work and manage family life, their needs are forgotten about.-We have a steering group of women who represent our stakeholders and who support and believe in what we are aiming to achieve with our company. We have appropriate terms of reference in place.
The total amount paid or receivable by directors in respect of qualifying services was £1,989.78.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which required to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 October 2023
And signed on behalf of the board by:
Name: Penelope D'Souza
Status: Director