SCK FITNESS TEAM CIC

Company limited by guarantee

Company Registration Number:
14073733 (England and Wales)

Unaudited statutory accounts for the year ended 29 April 2023

Period of accounts

Start date: 27 April 2022

End date: 29 April 2023

SCK FITNESS TEAM CIC

Contents of the Financial Statements

for the Period Ended 29 April 2023

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

SCK FITNESS TEAM CIC

Directors' report period ended 29 April 2023

The directors present their report with the financial statements of the company for the period ended 29 April 2023

Principal activities of the company

The principal activity of the company in the year under review was the provision of subsidised sports education for disadvantaged communities.



Directors

The directors shown below have held office during the whole of the period from
27 April 2022 to 29 April 2023

Liban Farah
Warsame Arab Ibrahim
Sabir Hussein


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
14 February 2024

And signed on behalf of the board by:
Name: Liban Farah
Status: Director

SCK FITNESS TEAM CIC

Profit And Loss Account

for the Period Ended 29 April 2023

2023


£
Turnover: 7,300
Cost of sales: ( 6,069 )
Gross profit(or loss): 1,231
Administrative expenses: ( 1,930 )
Operating profit(or loss): (699)
Profit(or loss) before tax: (699)
Profit(or loss) for the financial year: (699)

SCK FITNESS TEAM CIC

Balance sheet

As at 29 April 2023

Notes 2023


£
Current assets
Cash at bank and in hand: 1
Total current assets: 1
Net current assets (liabilities): 1
Total assets less current liabilities: 1
Accruals and deferred income: ( 700 )
Total net assets (liabilities): (699)
Members' funds
Profit and loss account: (699)
Total members' funds: ( 699)

The notes form part of these financial statements

SCK FITNESS TEAM CIC

Balance sheet statements

For the year ending 29 April 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: Liban Farah
Status: Director

The notes form part of these financial statements

SCK FITNESS TEAM CIC

Notes to the Financial Statements

for the Period Ended 29 April 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

    Income represents Government grants. Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

SCK FITNESS TEAM CIC

Notes to the Financial Statements

for the Period Ended 29 April 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

SCK FITNESS TEAM CIC

Company Number: 14073733 (England and Wales)

Year Ending: 29 April 2023

Company activities and impact

The company is a martial arts institute, running continuous subsidised Brazilian Jiu-Jitsu, Boxing and Fitness/HIIT classes for disadvantaged communities. The company began operating in 2022 and has benefitted the community in the following ways:- Over 140 young people under 21 have attended our classes for free.- 6 different schools (including two PRUs) and 3 different youth clubs have allowed us to teach their cohorts of under 16s on a weekly basis. We offer the cheapest rate possible while also subsiding 50 percent or 100 percent the fees for the delivery of the project, where adequate funding permits.- We have targeted, using publicly available research, the least physically active demographic in London – BAME women between 16+ years old. We have run 1 free class in Boxing/HIIT every week. We aim to expand this to 2 classes to reflect increased demand.

Consultation with stakeholders

The company’s stakeholders are the local residents of East London, as well as local schools and gyms. The directors of the company are residents of the East London area, having lived and grew up in the Borough.We have held several consultations with different stakeholders. Our main beneficiaries are the youth. We have attended careers fairs (organised by schools/communities/charities) and facilitated workshops at Newham Sixth Form College demonstrating to young people what martial arts is and explaining the benefits of participating in it. This is all the while gathering information on their opinions, their needs and exploring the current barriers they may be facing. We conduct online surveys with our growing participants (which is a mix of males under 24 years old and females 16 to 50 years old, the majority of whom are from a BAME and/or from low-income backgrounds) to understand their needs and how they could benefit from free or subsidised martial arts and fitness activities. We have also consulted other charities and social enterprises in the Newham and Tower Hamlets areas to ascertain where our services are needed most.

Directors' remuneration

As identified in the accounts, the Directors received no direct remuneration for their services however payments for services totalling £2,564 were made to a separate company, which is wholly owned by Liban Farah. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

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: Liban Farah
Status: Director