GROWTH-CO CIC

Company limited by guarantee

Company Registration Number:
14163982 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 10 June 2022

End date: 30 June 2023

GROWTH-CO 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

GROWTH-CO 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 director shown below has held office during the period of
5 October 2022 to 30 June 2023

A Dupuis


The director shown below has held office during the whole of the period from
10 June 2022 to 30 June 2023

M Majid


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
11 April 2024

And signed on behalf of the board by:
Name: M Majid
Status: Director

GROWTH-CO CIC

Profit And Loss Account

for the Period Ended 30 June 2023

13 months to 30 June 2023


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: ( 390 )
Other operating income: 390
Operating profit(or loss): 0
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 0
Profit(or loss) for the financial year: 0

GROWTH-CO CIC

Balance sheet

As at 30 June 2023

Notes 13 months to 30 June 2023


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 2,420
Investments:   0
Total current assets: 2,420
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 2,420 )
Net current assets (liabilities): 0
Total assets less current liabilities: 0
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

GROWTH-CO 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 11 April 2024
and signed on behalf of the board by:

Name: M Majid
Status: Director

The notes form part of these financial statements

GROWTH-CO 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

    Grant income is recognised when the project expenditure is incurred.

GROWTH-CO CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    13 months to 30 June 2023
    Average number of employees during the period 0

GROWTH-CO CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Creditors: amounts falling due within one year note

13 months to 30 June 2023
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 2,420
Total 2,420

COMMUNITY INTEREST ANNUAL REPORT

GROWTH-CO CIC

Company Number: 14163982 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

Growth-Co CIC is a not-for-profit company, incorporated June 2022 with the aim of supporting disadvantaged and hard to reach communities across Birmingham, West Midlands.Since incorporation, we have been reaching out to hard-to-reach communities within the Erdington and surrounding location focusing on new interventions, stimulating community cohesion and community regeneration.During the year 2022-2023 our activities has benefitted the community. Funding received has been from Warburtons to host an event reaching out to members of the local community and C.Hoare & Co to deliver weekly sessions to reduce isolation, boost self-esteem amongst men who are homeless, single father's, have short or long term health conditions including depression and mental health.

Consultation with stakeholders

We have appointed board member to support with the development and growth of Growth-Co CIC. Engaged with the local community to gain a better understanding of the community needs.Growth-Co CIC has actively involved local stakeholders by engaging and raising awareness of issues affecting individuals and the local community through group discussions. The group discussions has enabled us to gain better understanding of community groups and members and what the community needs are which has allowed us to meet the needs of our benefices.

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
26 February 2024

And signed on behalf of the board by:
Name: M Majid
Status: Director