BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

Company Registration Number:
10864410 (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

BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

Directors' report period ended 31 July 2023

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

Principal activities of the company

The company's principal activity during the year continued to be community interest company working with local community



Directors

The director shown below has held office during the whole of the period from
1 August 2022 to 31 July 2023

CARTER, Christopher Henry


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
24 April 2024

And signed on behalf of the board by:
Name: CARTER, Christopher Henry
Status: Director

BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 20,119 36,755
Cost of sales: ( 12,870 ) ( 30,284 )
Gross profit(or loss): 7,249 6,471
Administrative expenses: ( 3,064 ) ( 6,237 )
Operating profit(or loss): 4,185 234
Profit(or loss) before tax: 4,185 234
Profit(or loss) for the financial year: 4,185 234

BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,040 0
Total fixed assets: 1,040 0
Current assets
Cash at bank and in hand: 3,882 7,061
Total current assets: 3,882 7,061
Creditors: amounts falling due within one year: 4 ( 4,712 ) ( 11,504 )
Net current assets (liabilities): (830) (4,443)
Total assets less current liabilities: 210 ( 4,443)
Creditors: amounts falling due after more than one year: 5 ( 1,148 ) ( 680 )
Total net assets (liabilities): (938) (5,123)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (939 ) (5,124 )
Total Shareholders' funds: ( 938 ) (5,123)

The notes form part of these financial statements

BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

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 24 April 2024
and signed on behalf of the board by:

Name: CARTER, Christopher Henry
Status: Director

The notes form part of these financial statements

BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

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 Financial Reporting Standard 101

BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

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 0 0
Additions 1,300 1,300
Disposals
Revaluations
Transfers
At 31 July 2023 1,300 1,300
Depreciation
At 1 August 2022 0 0
Charge for year 260 260
On disposals
Other adjustments
At 31 July 2023 260 260
Net book value
At 31 July 2023 1,040 1,040
At 31 July 2022 0 0

BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 499 791
Accruals and deferred income 4,213 10,713
Total 4,712 11,504

BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 1,148 680
Total 1,148 680

COMMUNITY INTEREST ANNUAL REPORT

BREAKING THE CYCLE COMMUNITY INTEREST COMPANY

Company Number: 10864410 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The company provides bespoke services to young people entrenched in criminal gangs and drug markets known as county lines. We continued developing our service provision during the financial year 2022-2023. Our service provision benefited the community in the following waysReducing offending behaviour of young people engaging with our services provisionBreaking the cycle of offending behaviour through exiting young people from criminal gangs reducing their risk from violent crime and entrenchment in illegal drug marketsSupporting young people to make a positive contribution to the community in which they liveSupporting young people making a positive transition from childhood to adulthoodSupporting parents and families effected by young people’s involvement in criminal gangs and illegal drug marketsOffering information and advice to the wider community with respect to the signs and symptoms of young people who are at risk from being groomed by criminal gangs and entrenched in illegal drug marketsRaising awareness of the complex issues in relation to young people and vulnerable young being groomed, trafficked by organised criminal gangs linked to illegal drug marketsDeveloping bespoke training for front line workers, parents and families and the wider community to raise awareness of the issues with respect too young people being groomed, exploited and trafficked by criminal gangs linked to violent crime and illegal drug markets

Consultation with stakeholders

The company’s stakeholders are the directors / trustees and executive committee represented by the demographics of the local and have lived within the local community for several years and have developed our business model based on their personal experiences.Through consultation within the local community, we identified current gaps in existing service provision with respect to young people at risk from being groomed and exploited by criminal gangs linked to violent crime and illegal drug markets. We have continued to consult with the local community and with young people whom access or come in contact with our services through questionnaires, verbal feedback to support us in improving our services and developing new services that continue to directly meet the complex needs of young people and the wider community in which they live. We have also consulted with other services both statutory and voluntary sector as part of our ongoing process of shaping our services and responses with respect to young people whom are groomed, exploited and trafficked by criminal gangs linked to violent crime and illegal drug marketsWe have recently reviewed our existing structures within the community interest company and as part of out governance review we have replaces and added new trustees / directors following the review of our organisational governance linked to our executive committee and our operational steering group

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
24 April 2024

And signed on behalf of the board by:
Name: CARTER, Christopher Henry
Status: Director