BRIDGING AQUATICS CIC

Company limited by guarantee

Company Registration Number:
13912586 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 14 February 2022

End date: 28 February 2023

BRIDGING AQUATICS CIC

Contents of the Financial Statements

for the Period Ended 28 February 2023

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

BRIDGING AQUATICS CIC

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

The company's principal activity during the year continued to be Management Consultancy and Development activities.



Directors

The director shown below has held office during the whole of the period from
14 February 2022 to 28 February 2023

Mr F E Awuah


The director shown below has held office during the period of
14 February 2022 to 21 March 2022

Ms ST T L Jones


The director shown below has held office during the period of
14 February 2022 to 3 March 2022

Mrs M D Obe


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
10 November 2023

And signed on behalf of the board by:
Name: Mr F E Awuah
Status: Director

BRIDGING AQUATICS CIC

Profit And Loss Account

for the Period Ended 28 February 2023

2023


£
Turnover: 309,490
Cost of sales: ( 213,750 )
Gross profit(or loss): 95,740
Administrative expenses: ( 86,260 )
Operating profit(or loss): 9,480
Profit(or loss) before tax: 9,480
Tax: ( 1,806 )
Profit(or loss) for the financial year: 7,674

BRIDGING AQUATICS CIC

Balance sheet

As at 28 February 2023

Notes 2023


£
Current assets
Debtors: 3 5,500
Cash at bank and in hand: 12,729
Total current assets: 18,229
Creditors: amounts falling due within one year: 4 ( 10,555 )
Net current assets (liabilities): 7,674
Total assets less current liabilities: 7,674
Total net assets (liabilities): 7,674
Members' funds
Profit and loss account: 7,674
Total members' funds: 7,674

The notes form part of these financial statements

BRIDGING AQUATICS CIC

Balance sheet statements

For the year ending 28 February 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 10 November 2023
and signed on behalf of the board by:

Name: Mr F E Awuah
Status: Director

The notes form part of these financial statements

BRIDGING AQUATICS CIC

Notes to the Financial Statements

for the Period Ended 28 February 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 of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

BRIDGING AQUATICS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

BRIDGING AQUATICS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Debtors

2023
£
Trade debtors 5,500
Total 5,500

BRIDGING AQUATICS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023
£
Taxation and social security 8,446
Other creditors 2,109
Total 10,555

COMMUNITY INTEREST ANNUAL REPORT

BRIDGING AQUATICS CIC

Company Number: 13912586 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

Management ConsultingBridging aquatics will work in partnership with organisations such as national governing bodies, lifesaving authorities, government agencies, operators, aquatic brands, local authorities, and swimming bodies to offer specialist strategy and management consultancy services to directly impact and reduce the number of drownings in the African, Caribbean, and Asian communities within the UK and Ireland.Training and Development ProgramsThrough design and delivery of development aquatic programs, we will ensure we work towards changing the narrative and reengaging disenfranchised African, Caribbean, and Asian communities . Through collaboration, research, and community engagement Bridging Aquatics will aim to design training and development programs that are suitable for corporate organizations, governing bodies, local authorities, and aquatic brands. This will bridge the gap with our community in ensuring they are empowered to be involved and create change within the industry. Research19% of the population living within 1km of waterways are of African, Caribbean, and Asian heritage, significantly higher than the national average of 14% in England and Wales. Bridging Aquatics will be researching water safety knowledge, sports and participation and the aquatic workforce, and how these areas directly impact our community. With findings from the commissioned research recommendations and proposed solution will be put forward to strategic partners to reduce the risk of drowning within our community. We will be tackling the fundamental barriers currently affecting our community of inequality, access, visibility, inclusion, and delivery. This will empower our community to be engaged within the world of aquatics and in turn ensure they gain a vital life skill

Consultation with stakeholders

The company is in constant dialogue with the RNLI, the community, and others who have an interest in, or are impacted by, the company's services. They take on board feedback and are constantly adjusting the services to ensure they best serve the community.

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
13 November 2023

And signed on behalf of the board by:
Name: Frank E Awuah
Status: Director