EMPOWERING COMMUNITIES WITH HOPE AND OPPORTUNITY CIC

Company Registration Number:
13916970 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 15 February 2022

End date: 28 February 2023

EMPOWERING COMMUNITIES WITH HOPE AND OPPORTUNITY CIC

Contents of the Financial Statements

for the Period Ended 28 February 2023

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

EMPOWERING COMMUNITIES WITH HOPE AND OPPORTUNITY CIC

Profit And Loss Account

for the Period Ended 28 February 2023

2023


£
Turnover: 150
Cost of sales: 0
Gross profit(or loss): 150
Administrative expenses: ( 20 )
Operating profit(or loss): 130
Profit(or loss) before tax: 130
Tax: ( 25 )
Profit(or loss) for the financial year: 105

EMPOWERING COMMUNITIES WITH HOPE AND OPPORTUNITY CIC

Balance sheet

As at 28 February 2023

Notes 2023


£
Current assets
Cash at bank and in hand: 162
Total current assets: 162
Creditors: amounts falling due within one year: 3 ( 25 )
Net current assets (liabilities): 137
Total assets less current liabilities: 137
Creditors: amounts falling due after more than one year: 4 ( 30 )
Total net assets (liabilities): 107
Capital and reserves
Called up share capital: 2
Profit and loss account: 105
Total Shareholders' funds: 107

The notes form part of these financial statements

EMPOWERING COMMUNITIES WITH HOPE AND OPPORTUNITY 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 15 November 2023
and signed on behalf of the board by:

Name: Abdul Shahid
Status: Director

The notes form part of these financial statements

EMPOWERING COMMUNITIES WITH HOPE AND OPPORTUNITY 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

EMPOWERING COMMUNITIES WITH HOPE AND OPPORTUNITY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

EMPOWERING COMMUNITIES WITH HOPE AND OPPORTUNITY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Creditors: amounts falling due within one year note

2023
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Other creditors 25
Total 25

EMPOWERING COMMUNITIES WITH HOPE AND OPPORTUNITY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

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

2023
£
Other creditors 30
Total 30

COMMUNITY INTEREST ANNUAL REPORT

EMPOWERING COMMUNITIES WITH HOPE AND OPPORTUNITY CIC

Company Number: 13916970 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

The company EMPOWERING COMMUNITIES WITH HOPE AND OPPORTUNITY CIC (ECHO) has been actively seeking private funders from local residents of Tower Hamlets, businesses and community grants during its first financial year to fund future community projects of fun days, youth retreats and potential youth/homework clubs. ECHO has also been looking into recruiting volunteers from residents of Tower Hamlets to help implement these future projects. Thus far 10 volunteers from the local community have commited.The company has registered to become a member of Community Transport Waltham Forest (CTWF) whom provide transport facility for local groups, organisations and allied services. Further to this ECHO has trained 3 volunteers with MiDAS certification, a Minibus DriverAwareness Scheme and is administered by the Community Transport Association, in preparation for taking adults and youth on retreats.The first financial year of 2022-2023 was largely utilised in preparation of launching future community activities in summer 2023 by establishing finance, providing training and developing website/social media profile.

Consultation with stakeholders

No consultation with stakeholders

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
15 November 2023

And signed on behalf of the board by:
Name: Abdul Shahid
Status: Director