GLOBAL BLACK THRIVE CIC

Company limited by guarantee

Company Registration Number:
12638502 (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

GLOBAL BLACK THRIVE 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

GLOBAL BLACK THRIVE 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

Principal activities of the company

The object of the company is to carry out activities which benefit the community and in particular to benefit people of African and Caribbean descent and the professionals who work with them by providing training, building leadership capabilities and creating and disseminating knowledge.



Directors

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

L Kogbara
D Weaver
J Dyer


The director shown below has held office during the period of
30 June 2023 to 30 June 2023

C Pillay


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
28 March 2024

And signed on behalf of the board by:
Name: C Pillay
Status: Director

GLOBAL BLACK THRIVE CIC

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 2,253,095 1,462,801
Cost of sales: ( 1,819,734 ) ( 1,201,149 )
Gross profit(or loss): 433,361 261,652
Administrative expenses: ( 247,968 ) ( 170,669 )
Operating profit(or loss): 185,393 90,983
Profit(or loss) before tax: 185,393 90,983
Tax: ( 37,759 ) ( 17,287 )
Profit(or loss) for the financial year: 147,634 73,696

GLOBAL BLACK THRIVE CIC

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 361,866 396,556
Cash at bank and in hand: 649,905 397,215
Total current assets: 1,011,771 793,771
Creditors: amounts falling due within one year: 4 ( 783,564 ) ( 713,198 )
Net current assets (liabilities): 228,207 80,573
Total assets less current liabilities: 228,207 80,573
Total net assets (liabilities): 228,207 80,573
Members' funds
Profit and loss account: 228,207 80,573
Total members' funds: 228,207 80,573

The notes form part of these financial statements

GLOBAL BLACK THRIVE 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 28 March 2024
and signed on behalf of the board by:

Name: C Pillay
Status: Director

The notes form part of these financial statements

GLOBAL BLACK THRIVE 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.Grant income is recognised in full only when conditions for receipt have been met, and in the case of grants for specific projects when the relevant project expenditure has been incurred. When a grant funded project has not yet started, or is in progress at the year end, a portion of the grant is carried forward as deferred income to the extent needed to fund anticipated future costs on the project.

    Other accounting policies

    Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GLOBAL BLACK THRIVE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 27 15

GLOBAL BLACK THRIVE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Debtors

2023 2022
£ £
Trade debtors 127,058 290,566
Prepayments and accrued income 21,303 39,716
Other debtors 213,505 66,274
Total 361,866 396,556

GLOBAL BLACK THRIVE 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 46,374 15,383
Taxation and social security 75,198 37,792
Accruals and deferred income 647,649 599,821
Other creditors 14,343 60,202
Total 783,564 713,198

COMMUNITY INTEREST ANNUAL REPORT

GLOBAL BLACK THRIVE CIC

Company Number: 12638502 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

Black Thrive aims to address and tackle the inequalities that negatively impact the mental health and wellbeing of Black people. A core tenet of our work is that we act in collaboration and partnership with the system to bring about change. We are a small and dedicated team with a heavy mandate and workload, as such at times our capacity has been stretched. Despite this, we have been able to achieve some amazing outcomes and outputs including: our stop-and-search database; our emergent work and relationship building around disability, race and employment; and developing our young researchers.In the past year, our efforts to address race equity through system change have produced significant achievements. We have successfully built strong partnerships with key stakeholders such as our work with the Wellcome Trust, King’s College London and South London and Maudsley, in addition to forging greater community links with organisations such as Disability Advice Service Lambeth, Happy in Schools Project, and others.Black Thrive Global has secured grant funding of up to £793,732 from Impact on Urban Health (IoUH) covering the period 1 August 2022 to 31 July 2023. The funding is for Black Thrive to operate as a ‘backbone’ organisation to achieve improved outcomes for Black people by centring the perspectives of Black communities to identify the root causes of inequality, facilitating collaboration between organisations and mobilising and aligning resources to tackle issues. The funding is primarily for work in Lambeth but also includes work in Southwark, management and overhead costs and a wellbeing fund for all Black Thrive employees. Our funding was used in the following way:1.The work of our Culturally Appropriate Peer support & Advocacy Service (CAPSA)team with the NHS, who acknowledge and confront the racism within mental health services and improve healthcare, using tailored support to aid individuals in the Black community. In recognition of our outstanding dedication, we were awarded the winner of the Best Not for Profit Working in Partnership with the NHS at the Human Service Journal Partnership Awards 2023. 2. The Black Thrive Research Institute uses a community research model which lets the communities’ insights influence policy and practice. The team is working to research the stop-and-search process and its impact on mental health. This year the project has moved to its next stage, developing a data dashboard which is an accessible and reputable source of information for the public, especially Black communities who are most affected by Stop and Search, as well as to scientists and policymakers. Community members were involved before and during the development of the dashboard to make it more effective.3. The Thriving Futures Programme produced a docufilm which shared the story of our journey, our ambitions and what we have achieved so far. The short film featured interviews from key stakeholders across the collective, alongside footage from our community events and projects. The Thriving Futures programme also runs the Leadership Academy which supports and develops a multi-skilled (hard and soft-skilled) Black leadership curriculum, that values the lived experience and expertise of its students. The Leadership Academy sessions have mainly been co-developed with Black facilitators and non-Black facilitators have been encouraged to frame their expertise using a race-equity lens. Feedback has stated that it has been a helpful space to explore the different avenues towards systems change, frame theory in their workstreams and build confidence and understanding.4. We delivered The Mayor of London’s Office for Policing and Crime (MOPAC) consultation in partnership with PSI, which is an online platform that creates participatory experiences for communities and organisations that use collective intelligence design principles. The consultation focused on Black African and Black Caribbean communities, who are disproportionately impacted by police actions. The consultation aimed to gather suggestions for improving locally run engagement and scrutiny groups. We ran this from October 2022 to March 2023, engaging around 1,390 participants through online and in-person events.5. The Children, Young People and Families Programme have directly reached over 270 community members, including children, young people and their families. Through the support of Children in Need’s A Million and Me programme, we have developed a group of 11 young researchers, aged between 9–13, they are exploring challenges that face young, Black children in Lambeth and are coming up with solutions. Through this programme, we have also been working in partnership with other organisations to trial creative, group-based interventions to support good mental health. This year our partnership work with the Becoming a Man (BAM) programme has continued.6. Our Employment workstream seeks to improve employment outcomes for Black Lambeth residents with long-term health conditions. We hosted a community engagement event– a panel discussion on the intersections between race, disability and employment. The panel members were four Black Disabled people (two of whom are LELs), with the questions co-designed by the LELs. The discussion highlighted the varying experiences of Black Disabled people across different industries and was celebrated by attendees for the honesty and vulnerability of each panellist. Of the attendees that completed the evaluation form, 59% identified as Disabled and 67% expressed interest in being a part of a Black Disabled support group co-ordinated by Black Thrive and DASL later this year.7. We created the Working Group and their delivery of the Black Queer & Thriving series. The Working Group has engaged with various South London and Maudsley Mental Health Foundation Trust (SLaM) de-partments to explore how their lived experience, areas of study and work expertise can influence changes in policy, practice and resources to improve service provision. We have found that demand for LGBTQ+-led events has meant attendees have travelled from as far as Eastbourne and Stevenage to develop and find community with others. We are currently collaborating with the Working Group, SLaM, Lambeth Council, Guy’s and St Thomas’ and Impact on Urban Health to create a Lambeth LGBTQ+ Staff Network Collective.8. We organised our Community Assembly, a chance for community members, stakeholders and partners to connect with each other and learn about Black Thrive’s work; this year it consisted of three main events. The first event was a community walk, led by a community leader through Brockwell Park on our behalf. The second event featured two panel discussions facilitated by our workstream leads, one on Employment and Disability, and the other on Children, Young People and Families. Both workshops were warmly received by their respective audiences. The third event took place in collaboration with another organisation named Brix-ton Project.

Consultation with stakeholders

Black individuals and communities in LambethSLaM’s Patient and Carer Race Equality Framework (PCREF) Black Thrive Lambeth Partnership Board, which comprises local authority departments, NHS, police and community representatives (of people who are young, disabled, LGBTQ+, carers) continued with 3 shared priorities, with our role being to facilitate work to change outcomes re-lating to mental health of children and young people, employment and cultural competence. Black Thrive’s funders.We launched our programme of CommUNITY Assemblies, which are intended to inform, con-sult, engage, and involve the full spectrum of Black individuals and communities across all our work and throughout our journey. We have developed a group of 11 young researchers, aged between 9–13, they are exploring challenges that face young, Black children in Lambeth and are coming up with solutions.We hosted a community Employment event - a panel discussion on the intersections between race, disability and employment.We produced a Docufilm, in which we share the story of our journey, our ambitions and what we have achieved so far. The short film featured interviews from key stakeholders across the collective, alongside footage from our community events and projects.We engage with the Patient and Carer Race Equality Framework (PCREF)Across our social media campaign, we have reached more than 14,000 people, with over 700 people engaging directly with our posts.We produce an annual activity report which is available to all stakeholders

Directors' remuneration

The overall total amount of remuneration paid to or receivable by directors in respect of qualifying services.£15K - £5K to each of the directors£21K (incl VAT) – for Jacqui Dyer

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 March 2024

And signed on behalf of the board by:
Name: Caroline Pillay
Status: Director