INVISIBLE CITIES C.I.C.

Company limited by guarantee

Company Registration Number:
SC527772 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

INVISIBLE CITIES C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

INVISIBLE CITIES C.I.C.

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 principle activity of the company during the period of review was that of tourist guides.



Directors

The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023

Zakia Moulaoui
David Donoghue
Karen Gilchrist Clarkson


Secretary Zakia Moulaoui

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 November 2023

And signed on behalf of the board by:
Name: Zakia Moulaoui
Status: Secretary

INVISIBLE CITIES C.I.C.

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,196 5,403
Total fixed assets: 3,196 5,403
Current assets
Cash at bank and in hand: 26,037 33,046
Total current assets: 26,037 33,046
Creditors: amounts falling due within one year: 4 ( 19,349 ) ( 12,055 )
Net current assets (liabilities): 6,688 20,991
Total assets less current liabilities: 9,884 26,394
Creditors: amounts falling due after more than one year: 5 ( 43,500 ) ( 46,500 )
Total net assets (liabilities): (33,616) (20,106)
Members' funds
Profit and loss account: (33,616) ( 20,106)
Total members' funds: ( 33,616) (20,106)

The notes form part of these financial statements

INVISIBLE CITIES C.I.C.

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.

The directors have chosen not to file a copy of the company's profit and loss account.

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

Name: Zakia Moulaoui
Status: Director

The notes form part of these financial statements

INVISIBLE CITIES C.I.C.

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, excluding discounts, rebates, value addedtax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates inorder to write off the assets over their estimated useful lives:Computer equipment 20% straight line

    Other accounting policies

    Government grantsGovernment grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the relatedassets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.Pension costsThe company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised inthe profit and loss account when due.

INVISIBLE CITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 9 7

INVISIBLE CITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 11,037 11,037
Additions
Disposals
Revaluations
Transfers
At 28 February 2023 11,037 11,037
Depreciation
At 1 March 2022 5,634 5,634
Charge for year 2,207 2,207
On disposals
Other adjustments
At 28 February 2023 7,841 7,841
Net book value
At 28 February 2023 3,196 3,196
At 28 February 2022 5,403 5,403

INVISIBLE CITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 2,476 4,562
Accruals and deferred income 1,414 1,414
Other creditors 15,459 6,079
Total 19,349 12,055

INVISIBLE CITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

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

2023 2022
£ £
Other creditors 43,500 46,500
Total 43,500 46,500

COMMUNITY INTEREST ANNUAL REPORT

INVISIBLE CITIES C.I.C.

Company Number: SC527772 (Scotland)

Year Ending: 28 February 2023

Company activities and impact

Invisible Cities has continued supporting its beneficiaries - guides and trainees who have experienced homelessness in the financial year by:- continue offering training sessions in person or online on confidence building, digital skills, customer service, public speaking, etc- continue offering life-long training on life skill including Gambling support, mental health wellbeing, budgeting etc.- offering weekly deliveries of food parcels, activity packs and wellbeing items- offering vouchers and cash vouchers for beneficiaries to cope with cost of living crisis- offering free walking tours to the local communities of our cities so people can socialise, improve their mental health and have a sense of belonging and pride in the place where they live. This has included tours to Ukrainian Refugees, people who have been in the justice system or beneficiaries of other charities and organisations. - continue offering individual support sessions to our guides, trainees and supported volunteers. This has included: administration support, signposting to mental health services, financial independence, etc - supporting people to access stable, long-term employment and education opportunities- when appropriate, supporting people start their own business- offering opportunities for our beneficiaries to access culture and heritage opportunities such as museum and historical venues visits or outdoor activities. We have walking tours of our cities to tens of thousands of guests and broken down the stigma that exists around homelessness by showcasing that when given a chance people have a lot to offer and can deliver a professional, high quality productWe have also produced content on our cities focusing on underrepresented groups such as Black History in our cities or women representation.

Consultation with stakeholders

Beneficiaries (guides and trainees) have been consulted on what type of support would be the most needed/required. It has been decided that provision of groceries was the easiest/most beneficial.Guides and trainees have been an integral of the process of designing and producing new products at Invisible Cities (merchandise and content).

Directors' remuneration

The total amount paid to or receivable by directors in respect of qualifying services was £30,000 (2022: £30,000). There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 November 2023

And signed on behalf of the board by:
Name: Zakia Moulaoui
Status: Director