for the Period Ended 29 April 2023
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2023 | 2022 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | ( | ( |
Administrative expenses: | ( | ( |
Operating profit(or loss): | ( | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | |
Profit(or loss) before tax: | ( | |
Tax: | ( | |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
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
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 29 April 2023
Basis of measurement and preparation
for the Period Ended 29 April 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 29 April 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Total | | |
PART 1 – GENERAL DESCRIPTION OF THE COMPANY’S ACTIVITIES AND IMPACT In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community.The Company runs community focused services aimed at supporting local families experiencing financial and/or emotional hardship. The activities include the provision of complementary therapies, wellbeing support groups, information and guidance. The Company runs a Baby Bank and food support services and for the year 2022-2023 offered wellbeing and family support hubs in in West London. The company offers signposting and referral services to statutory agencies including the NHS and the Local Authority. In the reporting financial year, the Company has seen a sharp increase for the demand for their services as a direct result of the cost-of-living crisis. The Company has had to increase its activities which are continuing in the next reporting periodDuring the financial year 2022-2023, the company's activities have benefited the community in the following ways:- Local residents (in particular families with children under the age of 5) have received budget alleviation support hence increasing their financial capabilities and resilience. The yearly financial outcomes for family reached £54,700-Local residents (in particular those with a mental health impairment) have seen an improvement in their overall mental health and wellbeing, an increase in their confidence and ability to manage their own affairs-Families have benefited from the company's community events and training services improving their civic participation in local life and tackling social isolation. 845 local residents participated and benefited-72 local residents benefited from training and volunteering placement increasing their prospect in moving into gainful employment. 4 local residents moved on to a paid position-110 families accessed GP services to improve their physical health-64 families took part in the company's wellbeing services also contributing to an improvement of their health-3,469 assessments of local residents were carried out to identify support services, also providing practical assistanceContinued on separate sheet.
A “stakeholder” is any person or organisation affected by the company’s activities. Indicate what steps the company has taken during the financial year to which the report relates to consult its stakeholders, whether formally or informally. If there has been no consultation, this should be made clear.Please indicate who the company’s stakeholders are:The company’s stakeholders are residents of and visitors in Kensington and Chelsea, Westminster, Hammersmith and Fulham and Brent, and local and regional food suppliers.The Stakeholders are also Grenfell Health and Wellbeing Service, CNWL, GPs, Midwives in local hospital, Brent Council, Kensington and Chelsea Council, Notting Hill Genesis and Peabody Housing The directors of the company have lived in West London for a number of years and have links with communities they serve, understanding their needs and from lived experiences of the issues the Company wants to addressPlease indicate how the stakeholders have been consulted:We run quarterly surveys and focus groups with stakeholders to understand their needs and co-create solutions with themThis has helped us to build up a profile of local needs and what we can do to meet them more effectivelyWe have received feedbacks and views from over 735 residents during the reporting periodWhat action, if any, has the company taken in response to feedback from its consultations? If there has been no consultation, this should be made clear.A number of additional services have been added as a result of these consultations. We have high levels of satisfaction with our services and our activities contribute to create more long term sustainability in the local communities we serve
No remuneration was received
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: Samia Badani
Status: Director