MTHWAKAZI QUEENS CIC

Company limited by guarantee

Company Registration Number:
11645552 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2022

Period of accounts

Start date: 1 November 2021

End date: 31 October 2022

MTHWAKAZI QUEENS CIC

Contents of the Financial Statements

for the Period Ended 31 October 2022

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

MTHWAKAZI QUEENS CIC

Directors' report period ended 31 October 2022

The directors present their report with the financial statements of the company for the period ended 31 October 2022

Political and charitable donations

There was neither financial charitable nor political donations made the year ended 31 October 2022 outside of our general activities.

Company policy on disabled employees

Our policies and procedures fully support our disabled colleagues. We take active measures to do so via:a) a robust reasonableadjustment policy;b) disability-specific online resources (accessible via the CiC’s online recruitment system); andc) processes toensure colleagues are fully supported.Mthwakazi Queens CiC is responsive to the needs of its employees. As such, should anyemployee of the CiC become disabled during their time with us, we will actively retrain that employee and make reasonable adjustments to their working environment where possible, in order to keep the employee with the CiC. It is the policy of the CiC thatthe recruitment, training, career development and promotion of disabled persons should, as far as possible, be identical to that ofother employees.



Directors

The director shown below has held office during the whole of the period from
1 November 2021 to 31 October 2022

Sazini Malaba


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
17 October 2023

And signed on behalf of the board by:
Name: Sazini Malaba
Status: Director

MTHWAKAZI QUEENS CIC

Profit And Loss Account

for the Period Ended 31 October 2022

2022 2021


£

£
Turnover: 76,319 49,078
Cost of sales: ( 5,179 ) 0
Gross profit(or loss): 71,140 49,078
Distribution costs: ( 545 ) ( 309 )
Administrative expenses: ( 71,243 ) ( 50,115 )
Operating profit(or loss): (648) (1,346)
Profit(or loss) before tax: (648) (1,346)
Profit(or loss) for the financial year: (648) (1,346)

MTHWAKAZI QUEENS CIC

Balance sheet

As at 31 October 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 350 525
Total fixed assets: 350 525
Creditors: amounts falling due within one year: 4 ( 2,131 ) ( 1,658 )
Net current assets (liabilities): (2,131) (1,658)
Total assets less current liabilities: (1,781) ( 1,133)
Total net assets (liabilities): (1,781) (1,133)
Members' funds
Profit and loss account: (1,781) ( 1,133)
Total members' funds: ( 1,781) (1,133)

The notes form part of these financial statements

MTHWAKAZI QUEENS CIC

Balance sheet statements

For the year ending 31 October 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 17 October 2023
and signed on behalf of the board by:

Name: Sazini Malaba
Status: Director

The notes form part of these financial statements

MTHWAKAZI QUEENS CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

    Turnover policy

    Turnover represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business forservices provided. It includes revenue earned from the sale of goods, grants, subscriptions and from the rendering of services.Turnover is reduced for estimated customer returns, rebates and other similar allowances.Turnover from rendering of services is recognised by reference to the stage of completion of the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent ofrecoverable expenses when the outcome of a contract cannot be estimated.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of thatasset as follows:Equipment and computers - 25% straight line

MTHWAKAZI QUEENS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

MTHWAKAZI QUEENS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2021 700 700
Additions
Disposals
Revaluations
Transfers
At 31 October 2022 700 700
Depreciation
At 1 November 2021 175 175
Charge for year 175 175
On disposals
Other adjustments
At 31 October 2022 350 350
Net book value
At 31 October 2022 350 350
At 31 October 2021 525 525

MTHWAKAZI QUEENS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

4. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 2,131 1,658
Total 2,131 1,658

COMMUNITY INTEREST ANNUAL REPORT

MTHWAKAZI QUEENS CIC

Company Number: 11645552 (England and Wales)

Year Ending: 31 October 2022

Company activities and impact

Mthwakazi Queens CiC continued wit the previously sponsored awareness in mental health.The number of attendees for our workshops increased and we introduced online access. We have seen good response to attending our workshops and we hope that this as reached the targeted outcome.Food bank was facilitated only for a shortwhile but it also welcomed a good response from our community. Over twenty (20) grocery packages were donated.Building up from the success of previous year, we continued acquiring more land. Ten (10) of our stakeholders benefited from this endeavour. Like last year (year ended October 2021), the land will be used for various projects including building of affordable housing.We continued to with the 'solar project' to help families get electrical energy to pursue their projects. 5 members recieved the panels.

Consultation with stakeholders

We continue to hold polls in areas/subject where we wanted informed response for our activities.Our members have also been able to freely suggest topics/areas they feel need addressing in the community and leadership deliberates on how this can be delivered.

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
17 October 2023

And signed on behalf of the board by:
Name: Sazini Malaba
Status: Director