NGORLI C.I.C.

Company limited by guarantee

Company Registration Number:
11035967 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

NGORLI C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

NGORLI C.I.C.

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Directors

The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023

Rhoda Amezado
Josephine Afari


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
30 June 2024

And signed on behalf of the board by:
Name: Rhoda Amezado
Status: Director

NGORLI C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 39,370 32,109
Cost of sales: ( 16,371 ) ( 16,147 )
Gross profit(or loss): 22,999 15,962
Administrative expenses: ( 21,052 ) ( 17,759 )
Operating profit(or loss): 1,947 (1,797)
Profit(or loss) before tax: 1,947 (1,797)
Profit(or loss) for the financial year: 1,947 (1,797)

NGORLI C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 464 936
Total current assets: 464 936
Prepayments and accrued income: 7,222
Creditors: amounts falling due within one year: 3 ( 7,767 ) ( 17,408 )
Net current assets (liabilities): (7,303) (9,250)
Total assets less current liabilities: (7,303) ( 9,250)
Accruals and deferred income: ( 600 ) ( 600 )
Total net assets (liabilities): (7,903) (9,850)
Members' funds
Profit and loss account: (7,903) ( 9,850)
Total members' funds: ( 7,903) (9,850)

The notes form part of these financial statements

NGORLI C.I.C.

Balance sheet statements

For the year ending 31 October 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 30 June 2024
and signed on behalf of the board by:

Name: Rhoda Amezado
Status: Director

The notes form part of these financial statements

NGORLI C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 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

NGORLI C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

NGORLI C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 7,767 17,408
Total 7,767 17,408

COMMUNITY INTEREST ANNUAL REPORT

NGORLI C.I.C.

Company Number: 11035967 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Ngorli CIC has been carrying out after school activities such as arts, drama, music, book clubsand swimming for children ages 6 to 14 years over the years. It has also leased a charity shop.During the financial year 2023 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 Ngorli CIC provides for children from all ethnicity, able as well as disable children, its built in the culture of respect for one another and also help built children’s confidence as they aremixed and created a culture of respect.Ngorli CIC also help built a well meaningful relationships amongst parents and the community.

Consultation with stakeholders

Ngorli’s stakeholders are the residents, parents, children, Hertfordshire County Council, The Honourable Mayor of Watford.The directors/trustees of Ngorli have lived in this community for many years and has developed the business model on the experience of talking to people within the community and understand their concerns.We regularly consult our stakeholders through meetings or sending out newsletters whenever there are important decisions to be taken that not only affect the business but also the community as a whole.This has helped us to build a more reputable profile as we valued our stakeholders’ input and allows 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
30 June 2024

And signed on behalf of the board by:
Name: Rhoda Amezado
Status: Director