THE SALAM PROJECT CIC

Company limited by guarantee

Company Registration Number:
10246335 (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

THE SALAM PROJECT 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

THE SALAM PROJECT 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

Lea South
Abdel Kareem Ibrahim
Ibrahim Janneh


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 July 2024

And signed on behalf of the board by:
Name: Lea South
Status: Director

THE SALAM PROJECT CIC

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 43,167 16,722
Gross profit(or loss): 43,167 16,722
Distribution costs: ( 35,598 ) ( 17,118 )
Operating profit(or loss): 7,569 (396)
Profit(or loss) before tax: 7,569 (396)
Profit(or loss) for the financial year: 7,569 (396)

THE SALAM PROJECT CIC

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,795 500
Total fixed assets: 1,795 500
Current assets
Debtors: 4 6,775 853
Cash at bank and in hand: 400 0
Total current assets: 7,175 853
Creditors: amounts falling due within one year: 5 ( 520 ) ( 472 )
Net current assets (liabilities): 6,655 381
Total assets less current liabilities: 8,450 881
Total net assets (liabilities): 8,450 881
Members' funds
Profit and loss account: 8,450 881
Total members' funds: 8,450 881

The notes form part of these financial statements

THE SALAM PROJECT 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 30 July 2024
and signed on behalf of the board by:

Name: Lea South
Status: Director

The notes form part of these financial statements

THE SALAM PROJECT 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

THE SALAM PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

THE SALAM PROJECT 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 500 500
Additions 1,418 1,418
Disposals
Revaluations
Transfers
At 30 June 2023 1,918 1,918
Depreciation
At 1 July 2022 0 0
Charge for year 123 123
On disposals
Other adjustments
At 30 June 2023 123 123
Net book value
At 30 June 2023 1,795 1,795
At 30 June 2022 500 500

THE SALAM PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 2022
£ £
Trade debtors 6,775 853
Total 6,775 853

THE SALAM PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 520 472
Total 520 472

COMMUNITY INTEREST ANNUAL REPORT

THE SALAM PROJECT CIC

Company Number: 10246335 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

In this financial year:TSP (The Salam Project CIC) supported 32 people into employment TSP (The Salam Project CIC) connected 27 people into accredited training opportunities TSP (The Salam Project CIC) supported 12 people into higher education opportunities We also delivered workshops and bespoke courses for over 1324 people Additionally, we hosted over 12 seminars/bespoke courses. (London, Birmingham & ManchesterTSP (The Salam Project CIC) have connected 24 young people to traineeships/apprenticeships/internships opportunities TSP also mentored and tutored 18 young people.

Consultation with stakeholders

Seminars, community meetings, away days and outreach activities as well as conversations with funders and supporters.

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 July 2024

And signed on behalf of the board by:
Name: Lea South
Status: Director