for the Period Ended 30 April 2023
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2023 | 2022 | |
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| £ | £ | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 3 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | ( | ( | |
Total net assets (liabilities): | ( | ( | |
Members' funds | |||
Profit and loss account: | ( | ( | |
Total members' funds: | ( | ( |
The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 April 2023
Basis of measurement and preparation
Other accounting policies
for the Period Ended 30 April 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 30 April 2023
2023 | 2022 | |
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£ | £ | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
My Local Enterprise CIC was established in April 2020, based in Harrow and operates in London and Greater London. Our mission is to inspire, encourage, enable, empower and connect local people. We aim to support local people in their own communities in finding solutions to local problems by starting up their own businesses and social enterprises through a range of innovative and creative employment generating programmes and events.We have been running some very low cost free events in the localcommunity for many years including information drop ins in local libraries, health consultations in conjunction with public health bodies and an arts and crafts club. In our engagement with our members, we give local people opportunities to gain self-confidence and upskill them in preparation to scale up their ventures and to network with others and key professionals or organisations. It has contributed to reducing social isolation and poverty, especially in (female) single parent led households. We help local people find information about benefits amid the cost of living crisis and increases in general cost of just about everything such as goods and services. It has been another very challenging year financially without any funding. We have benefited from free venues, goods and materials donated from local people and members. In this year we saw the arts and crafts club we established in 2021, achieve a full year in existence and with a planned celebration its first year with an exhibition of all that the members created over the weekly sessions. This event took place May 2023. The video of the exhibition was widely circulated with the help library staff to other neighbourhoods. The arts and crafts is based at a local library in Harrow, but welcomes local people and relatives of members living in neighbouring boroughs. Members have benefited from workshops on different types of arts and crafts and ways to sell their creations. The members have been on group visits to other creative places around London. The members have established close relationships with eachother and support themselves in other areas. Our impact in the community - How do we know we are making a difference?We now provide regular workshops, which are promoted widely to other local people and groups by our members. Some members have developed their own leadership roles and that has contributed to the group to being largely self-directed. We are supporting the group to explore other opportunities and further workshops and training in community development.Our work continues to be conducted on a voluntary basis. Our plan is to seek further funding to develop some of the ideas we have established
Our main stakeholders were based in the local Harrow community, with increasing interest from families and professionals from neighbouring boroughs (Brent and Barnet) and they consist of the following: Children and Young people of all ages, Women, mothers, Men, fathers, People from the BAME communities, People from low income, Vulnerable local people, parents and carers with children and young people with SEND,Local authority and Health partners (NHS, ICS, Public Health), Statutory departments/supportagencies/services (social workers),Local arts and crafts groups, support groups and non-profit organisations, Professional agencies, bodies and individuals (enterprise agencies, LA enterprise/generation/business support departments. Local business support professionals and business community (accountants, lawyers, bookkeepers, etc)We continue to gather feedback from our face to face events, and consultations with local people and professionals. Platforms/Apps such as WhatsApp have been an especially effective means of communicating and consulting with our members. We have increased membership on WhatsApp as more local people seek support. We use our website, a range of social media platforms to encourage and engage with parents and other local people. We continue to explore local provision to support our members. Our ongoing outreach and networking activities continue to allow us to be representative of a wide range of communities. We will continue to evaluate the success and direction of each project with ongoing dialogue and through formal and informal questionnaires from our members and comments from professionals.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
15 April 2024
And signed on behalf of the board by:
Name: Olivia Aku KING-BOATENG
Status: Director