SHANNON RIVERS CONSULTANCY CIC

Company limited by guarantee

Company Registration Number:
14232395 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 13 July 2022

End date: 31 July 2023

SHANNON RIVERS CONSULTANCY CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

Profit and loss
Balance sheet
Additional notes
Community Interest Report

SHANNON RIVERS CONSULTANCY CIC

Profit And Loss Account

for the Period Ended 31 July 2023

13 months to 31 July 2023


£
Turnover: 500
Cost of sales: ( 500 )
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: ( 2,461 )
Other operating income: 99
Operating profit(or loss): (2,362)
Profit(or loss) before tax: (2,362)
Tax: 0
Profit(or loss) for the financial year: (2,362)

SHANNON RIVERS CONSULTANCY CIC

Balance sheet

As at 31 July 2023

Notes 13 months to 31 July 2023


£
Current assets
Investments:   0
Total current assets: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 0
Total assets less current liabilities: 0
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

SHANNON RIVERS CONSULTANCY 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 1 March 2024
and signed on behalf of the board by:

Name: Shannon Rivers
Status: Director

The notes form part of these financial statements

SHANNON RIVERS CONSULTANCY 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

SHANNON RIVERS CONSULTANCY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    13 months to 31 July 2023
    Average number of employees during the period 1

COMMUNITY INTEREST ANNUAL REPORT

SHANNON RIVERS CONSULTANCY CIC

Company Number: 14232395 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

In 2022-23, SRC CIC set out to connect with people across Norwich, the county of Norfolk, and the wider East Anglia region. We set a goal to interact with 6 different community groups and provide education to 100 people around diversity and inclusion topics. As a Nonprofit, we are committed to connecting with the local community, upskilling groups and organisations on the importance of representation and inclusivity in our local community. We offer training and consultancy on a variety of inclusion topics along with resources in state of a few sectors, good leadership practices, and coaching to improve workplace culture. By creating opportunities to engage the local community, we have educated 150+ local people across the year; run two workshops on anti-racism as an activist; run one panel talk in connection with Norfolk Women’s Marketing Network; and provided consultancy to 4 local businesses. We measure success of our interactions based in audience impact after a training session, collecting data from organisations in a year-to-year basis, and increased conversation locally around various inclusion topics. Because of the current landscape across Norwich, the county and the wider region, we often face challenges getting organisations engaged in the conversation. Based on our learnings, we are tackling route causes of lack of engagement by collecting individual data through surveys to our local community. Our goals for 2022-231. Engage with six local businesses, networks or organisations The incorporation of SRC as a Community Interest Company was a great opportunity for us to engage with the local social enterprise community, wider small business community, and the independent shop scene in Norwich. We aimed to engage with and create rapport with six different organisations across the city this year. 2. Educate 100 people across Norwich on Anti-Racism Good community change starts with knowledge sharing. We set an ambitious first year target of reaching at least 100 people across consultancy, community engagement, and local protest days. Our focus this year was on Anti-Racism in light of recent events locally and nationally across the UK. 3. Run two workshops for the activist community Education was a key component of our strategic ambitions this year. We wanted to run two workshops for the activist community around our focus of Anti-Racism as local activist groups were looking to become more intersectional and create a shared understanding of the historical issues and context around engaging those from the global majority. 4. Apply for 6 tendering opportunities to grow our work In order to grow our experience and profile, we aimed to apply for six tendering opportunities across the UK, staying as local as possible, this year. We achieved these goals by: Running a series of projects, like Anti-racism training for locally based activists, a workshop on understanding intersectionality for local organisations, surveying local businesses around diversity and inclusion topics, and speaking engagements. Outcomes:Workshops were attended by 20 local people; 200+ people engaged through a live stream on social media35 SMEs engaged with the survey; Reached out to Chamber of Commerce for supportI spoke at DisruptHR about intersectionality; I was a Panel Guest at ProspHER fest, where I spoke about doing business authentically. I Spoke at PUB Networking about how micro-enterprises are in a specifically unique position to be more inclusive and the value that brings to their customers as well as their organisation.

Consultation with stakeholders

The CIC created a survey that 35 SMEs responded to in April 2023, and has created networking opportunities across some 15 networking groups across the 21 months we have been incorporated. This helped us understand what the local business community might need from the CIC and how we can help plug the gaps across the DEI landscape here in Norwich, Norfolk and East Anglia. Our research shows that Norwich in particular is a little further behind on DEI concepts and embedding those into local businesses more readily than other parts of the country (e.g., London, Birmingham). Conversations are still ongoing with the local business community and residents to understand more fully where we might be able to help further.

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
1 March 2024

And signed on behalf of the board by:
Name: Shannon Rivers
Status: Director