DREAM CHASER YOUTH CLUB CIC

Company limited by guarantee

Company Registration Number:
11619728 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

DREAM CHASER YOUTH CLUB CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

DREAM CHASER YOUTH CLUB CIC

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal activities of the company

The principal activity of the company continues to be that of community awareness programmes.



Directors

The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023

Asha Ali Rage
Mohamoud Ahmed Hagi
Mohamed Abdulahi Mohamoud
Fadumo Osman Said
Ahmed Awed


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: Asha Ali Rage
Status: Director

DREAM CHASER YOUTH CLUB CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 246,727 234,549
Cost of sales: ( 187,976 ) ( 163,091 )
Gross profit(or loss): 58,751 71,458
Distribution costs: 0 0
Administrative expenses: ( 41,751 ) ( 39,361 )
Operating profit(or loss): 17,000 32,097
Profit(or loss) before tax: 17,000 32,097
Tax: 0 0
Profit(or loss) for the financial year: 17,000 32,097

DREAM CHASER YOUTH CLUB CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 23,406 29,258
Total fixed assets: 23,406 29,258
Current assets
Debtors: 4 27,938 24,667
Cash at bank and in hand: 50,853 30,972
Total current assets: 78,791 55,639
Creditors: amounts falling due within one year: 5 ( 1,800 ) ( 1,500 )
Net current assets (liabilities): 76,991 54,139
Total assets less current liabilities: 100,397 83,397
Total net assets (liabilities): 100,397 83,397
Members' funds
Profit and loss account: 100,397 83,397
Total members' funds: 100,397 83,397

The notes form part of these financial statements

DREAM CHASER YOUTH CLUB CIC

Balance sheet statements

For the year ending 31 October 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: Asha Ali Rage
Status: Director

The notes form part of these financial statements

DREAM CHASER YOUTH CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

    Tangible fixed assets depreciation policy

    20% on Equipment, Furniture.

DREAM CHASER YOUTH CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 10 8

DREAM CHASER YOUTH CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 45,955 9,200 55,155
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 45,955 9,200 55,155
Depreciation
At 1 November 2022 22,585 3,312 25,897
Charge for year 4,674 1,178 5,852
On disposals
Other adjustments
At 31 October 2023 27,259 4,490 31,749
Net book value
At 31 October 2023 18,696 4,710 23,406
At 31 October 2022 23,370 5,888 29,258

DREAM CHASER YOUTH CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 27,938 24,667
Total 27,938 24,667

DREAM CHASER YOUTH CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1,800 1,500
Total 1,800 1,500

COMMUNITY INTEREST ANNUAL REPORT

DREAM CHASER YOUTH CLUB CIC

Company Number: 11619728 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Dream Chaser Youth Club provides football session for children & young people who are in poverty affected area in Birmingham every week. Our organisation also provides leadership, mentoring, knife crime awareness workshops and seminars to our 200 youth members and their parents. DCYC provides Advice & Guidance on welfare benefit, housing, immigration, debt, CV writing, skills and development advice and utility bills, DCYC provides ESOL classes and coffee morning session for parents who are unemployment. DCYC provides afternoon Homework club, this allows residents and young people to access different educational activities and help for the children’s homework. DCYC has parent street watch group in Small Health, who patrols with PCOS twice a month. DCYC provides training programs for young people aged 16-24; these programs are:Customer ServiceSocial CareBarberingIT & Social MediaWarehouseManagementHealth & BeautySales & RetailHospitalityDCYC has become a glue that connect community group around Birmingham.

Consultation with stakeholders

The company stakeholders are the community members that visit the centre and the funders who fund’s our Organisation. The funders are:West Midland PoliceWest Midland PreventSport BirminghamNational LotteryTudor Trust

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £13,417.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Asha Ali Rage
Status: Director