OLIVE COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
14669919 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 17 February 2023

End date: 28 February 2024

OLIVE COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Additional notes
Community Interest Report

OLIVE COLLECTIVE CIC

Balance sheet

As at 28 February 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 2,056
Total current assets: 2,056
Net current assets (liabilities): 2,056
Total assets less current liabilities: 2,056
Accruals and deferred income: ( 478 )
Total net assets (liabilities): 1,578
Members' funds
Profit and loss account: 1,578
Total members' funds: 1,578

The notes form part of these financial statements

OLIVE COLLECTIVE CIC

Balance sheet statements

For the year ending 28 February 2024 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 April 2024
and signed on behalf of the board by:

Name: Geraldine Louise Brooks
Status: Director

The notes form part of these financial statements

OLIVE COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 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

OLIVE COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024
    Average number of employees during the period 2

COMMUNITY INTEREST ANNUAL REPORT

OLIVE COLLECTIVE CIC

Company Number: 14669919 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

General description of company's activities and impact: We had funding from MK Community Foundation for £3,000 for 6 workshops called Olive Chats Menopause. Each workshop focused on a different set of symptoms. We marketed the workshops to local women within Milton Keynes and linked up with Bosom pals breast Cancer Charity, Age UK MK, MK:U part of Cranfield University, Ask Go To networking groups and class students that attend our weekly Pilates classes.We received funding of £425.17 from Fullers Clubs within Milton Keynes to run a 4 week community based weekly menopause group. Supporting women within the Fullers Slade community supported by the local social media Facebook group, residents and Council.We received a further £1489.00 from MK Council Finance to support 8 workshops on phone photo training for residents within the Lakes Estate and Fullers Slade areas. Helping residents to learn new tech skills and ways to use their phones. The participants learnt photo skills from thirds rules, composition, how to save and share photos, to use different filters, understand about contrast, saturation, vibrance, black point, live photos, portrait and video usage. The end results were to create a project with an album of photos from the area to capture the area from the community’s eyes. We have run a paid for workshop called Pilates Movement & Menopause to continue our workshop support to educate, share, empower and support women going through menopause and hormone changes.I run Pilates classes on a weekly basis starting in May 2023 with 1 class a week increasing to 2 classes and more recently to 3 classes. Supporting the local community with health and wellness. We have a mix of ages from 30 – 80 year olds helping post natal recovery strength, to injury recovery and helping older residents to improve strength, balance, flexibility, mobility and mental health.

Consultation with stakeholders

We held meetings between the Directors to work through funding opportunities and ways to take Olive Collective CIC forward. With each workshop we obtained feedback in order to help improve each workshop going forward. We obtained excellent and very good 4 & 5 star reviews for our workshops and 5 star reviews from our Pilates classes.

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 April 2024

And signed on behalf of the board by:
Name: Geraldine Louise Brooks
Status: Director