KLIMAX FAMILY HUB CIC

Company limited by guarantee

Company Registration Number:
12698089 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

KLIMAX FAMILY HUB CIC

Contents of the Financial Statements

for the Period Ended 30 June 2023

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

KLIMAX FAMILY HUB CIC

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023

Olusola Taiwo
Oluwakemi Idowu-Adesanya
Everista Kpenosen


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
29 February 2024

And signed on behalf of the board by:
Name: Olusola Taiwo
Status: Director

KLIMAX FAMILY HUB CIC

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 37,864 23,746
Cost of sales: ( 29,145 ) ( 18,653 )
Gross profit(or loss): 8,719 5,093
Administrative expenses: ( 9,176 ) ( 4,330 )
Operating profit(or loss): (457) 763
Profit(or loss) before tax: (457) 763
Tax: ( 74 )
Profit(or loss) for the financial year: (457) 689

KLIMAX FAMILY HUB CIC

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 690 1,379
Total fixed assets: 690 1,379
Current assets
Cash at bank and in hand: 13,691 1,207
Total current assets: 13,691 1,207
Creditors: amounts falling due within one year: 4 ( 544 ) ( 194 )
Net current assets (liabilities): 13,147 1,013
Total assets less current liabilities: 13,837 2,392
Creditors: amounts falling due after more than one year: 5 ( 12,491 )
Accruals and deferred income: ( 450 ) ( 350 )
Total net assets (liabilities): 896 2,042
Members' funds
Profit and loss account: 896 2,042
Total members' funds: 896 2,042

The notes form part of these financial statements

KLIMAX FAMILY HUB CIC

Balance sheet statements

For the year ending 30 June 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 29 February 2024
and signed on behalf of the board by:

Name: Olusola Taiwo
Status: Director

The notes form part of these financial statements

KLIMAX FAMILY HUB CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

KLIMAX FAMILY HUB CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

KLIMAX FAMILY HUB CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2022 2,068 2,068
Additions
Disposals
Revaluations
Transfers
At 30 June 2023 2,068 2,068
Depreciation
At 1 July 2022 689 689
Charge for year 689 689
On disposals
Other adjustments
At 30 June 2023 1,378 1,378
Net book value
At 30 June 2023 690 690
At 30 June 2022 1,379 1,379

KLIMAX FAMILY HUB CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 544 194
Total 544 194

KLIMAX FAMILY HUB CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

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

2023
£
Other creditors 12,491
Total 12,491

COMMUNITY INTEREST ANNUAL REPORT

KLIMAX FAMILY HUB CIC

Company Number: 12698089 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

Young People Mental Health Support Project: KLIMAX Family Hub CIC (KLIIMAX) has beencarrying out after school activities such as arts, drama, music, book clubs for children ages 8to 17 years over the years. It has also delivered 8 workshops/seminars and recreationalactivities for families and young people. The focus of these programmes was to tackleviolence against women, mental health in young people, and to support resilient learning fordisadvantaged and disaffected young people in our communities to minimise the adverseeffects of Covid 19 and mental health now and in the later stages of life. KLIMAX with thefunding received from Essex Emergency Fund provided help towards food/utilities vouchersand supplied daily essentials and sanitary products support to BAME families experiencinghardship and individuals from vulnerable households; at risk of poverty due to rising costs ofliving and those who lost their jobs due to the pandemic.During the financial year 2021 these activities generated the following benefits for thecommunity and its surroundings:Encouraged children to gain more time in exploring their talents in different ways as moreguidance has been provided by our team members.Enabled parents to concentrate on other areas such as work while their children are beingtaken care of during these activities.As KLIMAX provides for children from all ethnicity, able as well as disable children, its built inthe culture of respect for one another and also help built children’s confidence as they aremixed and created a culture of respect.KLIMAX Family Hub CIC also help built a well meaningful relationships amongst parents andthe community.

Consultation with stakeholders

KLIMAX stakeholders are the residents, parents, children, Southend-on-Sea City Council,Mayor Councillor Kevin RobinsonThe parents and trustees of KLIMAX live in this community and has developed the businessmodel on the experience of talking to people within the community and understand theirconcerns.We regularly consult our stakeholders through meetings or sending out newsletterswhenever there are important decisions to be taken that not only affect the business but alsothe community as a whole.We help more people to reach their potential, by supporting them at the earliest possible stageThis has helped us to build a more reputable profile as we valued our stakeholders’ input andallows them to create ideas that we take onboard.

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
29 February 2024

And signed on behalf of the board by:
Name: Olusola Taiwo
Status: Director