TEAKISI CIC

Company limited by guarantee

Company Registration Number:
12970792 (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

TEAKISI CIC

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

TEAKISI CIC

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

Principal activities of the company

The principal activity of the company is to create unique programmes that deliver impact in the community.Teakisi continues to evolve in more ways that one, with the aim of empowering African women and connectingwith the wider community, we have set up outreach programmes including courses which boost technicalskillsets of African women, local community and our global network – as we believe that digital education has avital part to play in peoples personal and professional lives. We also organise social events that bring Africanwomen, members of the Black, Asian and Minority Ethnic group, and the wider community together. With ouroutreach programs, we hopes to educate, connect, engage and build a community spirit.



Directors

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

Salha Kaitesi
Rehma Muguyeneza
Sarah Umutoni


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
17 July 2024

And signed on behalf of the board by:
Name: Salha Kaitesi
Status: Director

TEAKISI CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 38,202 44,195
Cost of sales: ( 20,465 ) ( 7,551 )
Gross profit(or loss): 17,737 36,644
Distribution costs: ( 2 ) ( 29 )
Administrative expenses: ( 14,667 ) ( 3,890 )
Other operating income: 0 0
Operating profit(or loss): 3,068 32,725
Interest payable and similar charges: ( 6 ) ( 39 )
Profit(or loss) before tax: 3,062 32,686
Tax: ( 5,977 )
Profit(or loss) for the financial year: 3,062 26,709

TEAKISI CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 4,116 902
Investments:   0 0
Total fixed assets: 4,116 902
Current assets
Stocks:   0 0
Debtors: 4 1,061 118
Cash at bank and in hand: 48,255 33,527
Total current assets: 49,316 33,645
Net current assets (liabilities): 49,316 33,645
Total assets less current liabilities: 53,432 34,547
Provision for liabilities: ( 6,161 )
Accruals and deferred income: ( 21,984 )
Total net assets (liabilities): 31,448 28,386
Members' funds
Profit and loss account: 31,448 28,386
Total members' funds: 31,448 28,386

The notes form part of these financial statements

TEAKISI CIC

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 17 July 2024
and signed on behalf of the board by:

Name: Salha Kaitesi
Status: Director

The notes form part of these financial statements

TEAKISI CIC

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

    Turnover policy

    Income from fees is recognised in the accounts when invoiced unless it relates to future accountingperiods, in which case it is deferred and included in creditors.Grants receivable are credited to incoming resources on the earlier date of when they are received orwhen they are receivable, unless they relate specifically to a future accounting period, in which casethey are deferred.Where a grant is received relating to a future accounting period, the profit and loss account shows thegross amount together with the changes in the amount deferred to future accounting periods. Deferredgrant income at the year end is included in creditors.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on alltangible fixed assets as follows:Straightline (years)Plant and machinery 3Office Equipment 3

TEAKISI CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

    2 Employee engaged at the year end.

TEAKISI CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 1,083 1,083
Additions 3,870 3,870
Disposals
Revaluations
Transfers
At 31 October 2023 4,953 4,953
Depreciation
At 1 November 2022 181 181
Charge for year 656 656
On disposals
Other adjustments
At 31 October 2023 837 837
Net book value
At 31 October 2023 4,116 4,116
At 31 October 2022 902 902

TEAKISI CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,061 118
Prepayments and accrued income 0 0
Other debtors 0 0
Total 1,061 118
Debtors due after more than one year: 0 0

COMMUNITY INTEREST ANNUAL REPORT

TEAKISI CIC

Company Number: 12970792 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

THE PRINCIPAL ACTIVITY OF THE COMPANY IS TO CREATE UNIQUEPROGRAMMES THAT DELIVER IMPACT IN THE COMMUNITY. WE SITAT THE INTERSECTION OF RACE AND GENDER INEQUALITY, BUT WESTRIVE FOR SOCIAL JUSTICE IN ALL AREAS. HISTORICALLY WESTARTED AS A BLOG FOR AFRICAN WOMEN WITH THE PLATFORMRECEIVING OVER 2 MILLION VISITS ANNUALLY, IT BECAME CLEARTHAT WE WERE SO MUCH MORE THAN A BLOG AND WE STARTEDDEVELOPING COLLABORATIONS FOR COMMUNITY SERVICES.WE DELIVER A WHOLE WRAP AROUND SUPPORT PACKAGE THATBUILDS A COMMUNITY SPIRIT. WE AIM TO MAKE A DIFFERENCE BYHELPING TO TACKLE SOME OF THE MOST CHALLENGING ISSUES,WHICH IS DUE TO THE GAP IN SUPPORT AND SERVICES FORAFRICAN WOMEN AND OTHERS IN OUR COMMUNITY. TEAKISI ISHERE TO FILL THAT GAP AND MAKE SURE THAT WE EMPOWERTHOSE THAT HAVE FELT DISCRIMINATED AGAINST, SIMPLYBECAUSE OF WHERE THEY COME FROM, OR BECAUSE OF THECOLOUR OF THEIR SKIN.

Consultation with stakeholders

THE ORGANISATION’S STAKEHOLDERS ARE THE DIRECTORS ANDMEMBERS OF THE COMMUNITY WHO ACCESS OUR SERVICES ANDEVENTS. A LOT OF OUR SERVICES HAVE RISEN FROM NOTICING AGAP IN WHAT IS BEING PROVIDED IN THE COMMUNITY AND HOWEFFECTIVE WHAT IS AVAILABLE IS. WE REGULARLY SEND OUTFEEDBACK FORMS (DIGITAL) TO SERVICE USERS TO FILL OUT. THISUSUALLY ACTS AS A FORM OF CONSULTATION AND GUIDES US.

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
17 July 2024

And signed on behalf of the board by:
Name: Salha Kaitesi
Status: Director