K.O.C.A COMMUNITY PROJECTS CIC

Company limited by guarantee

Company Registration Number:
12743985 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

K.O.C.A COMMUNITY PROJECTS CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

K.O.C.A COMMUNITY PROJECTS CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 107,859 73,703
Cost of sales: ( 80,215 ) ( 32,654 )
Gross profit(or loss): 27,644 41,049
Distribution costs: ( 44 )
Administrative expenses: ( 52,760 ) ( 56,676 )
Other operating income: 20,000 4,394
Operating profit(or loss): (5,116) (11,277)
Interest payable and similar charges: ( 100 ) ( 31 )
Profit(or loss) before tax: (5,216) (11,308)
Profit(or loss) for the financial year: (5,216) (11,308)

K.O.C.A COMMUNITY PROJECTS CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 18,311 22,379
Total fixed assets: 18,311 22,379
Current assets
Debtors: 4 25,387 22,301
Cash at bank and in hand: 4,547 6,004
Total current assets: 29,934 28,305
Creditors: amounts falling due within one year: 5 ( 18,208 ) ( 15,431 )
Net current assets (liabilities): 11,726 12,874
Total assets less current liabilities: 30,037 35,253
Total net assets (liabilities): 30,037 35,253
Members' funds
Profit and loss account: 30,037 35,253
Total members' funds: 30,037 35,253

The notes form part of these financial statements

K.O.C.A COMMUNITY PROJECTS CIC

Balance sheet statements

For the year ending 31 July 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 14 February 2024
and signed on behalf of the board by:

Name: John Lombard
Status: Director

The notes form part of these financial statements

K.O.C.A COMMUNITY PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

    Revenue from the sale of goods or services is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods or services are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably

    Tangible fixed assets depreciation policy

    All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

K.O.C.A COMMUNITY PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

K.O.C.A COMMUNITY PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 21,989 7,725 29,714
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 21,989 7,725 29,714
Depreciation
At 1 August 2022 6,094 1,241 7,335
Charge for year 3,095 973 4,068
On disposals
Other adjustments
At 31 July 2023 9,189 2,214 11,403
Net book value
At 31 July 2023 12,800 5,511 18,311
At 31 July 2022 15,895 6,484 22,379

K.O.C.A COMMUNITY PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
£ £
Trade debtors 25,387 22,301
Total 25,387 22,301

K.O.C.A COMMUNITY PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 16,432 14,631
Accruals and deferred income 800
Other creditors 1,776
Total 18,208 15,431

COMMUNITY INTEREST ANNUAL REPORT

K.O.C.A COMMUNITY PROJECTS CIC

Company Number: 12743985 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

Fitness And Wellbeing in Recovery:It allows recovering addicts to participate in a free exercise program involving yoga, kickboxing and fitness training. The program is a success, with numerous participants proclaiming how inclusive our club is and how much the integration of regular exercise into their lives has improved their recovery.Free youth boxing training:We offer free boxing for all Tower Hamlet youth ages 12-16. We encourage all young people in the borough to get involved with the community, learn a new sport, build relationships and understand the importance of exercise.LGBTQI+ boxing classes:We offer LGBTQI+/gender-inclusive boxing classes. We think it is essential for everyone to have a safe, non-judgmental space to participate in martial arts and grow physically and mentally.Disability Inclusivity:We provide a space where people who find it difficult to interact with the world around them (whether physically or mentally) have a safe and welcoming space to train. We are known in the community for our inclusivity, allowing disabled individuals to train alongside professional athletes.

Consultation with stakeholders

We work closely with Tower Hamlets council and collaborate on social development projects.Local business owners tend to support us as our work helps the harmful elements in the area, such as crime. Their support comes from funding and helping out with social activities.The parents of the youth come and support their children and encourage them to participate in the activities we offer for free. Parents also like to get involved with helping us on event days.

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
14 February 2024

And signed on behalf of the board by:
Name: John Lombard
Status: Director