JAMAICAN WOMEN'S NETWORK C.I.C.

Company limited by guarantee

Company Registration Number:
11612220 (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

JAMAICAN WOMEN'S NETWORK C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

JAMAICAN WOMEN'S NETWORK C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 3,765 2,010
Gross profit(or loss): 3,765 2,010
Administrative expenses: ( 2,476 ) ( 2,900 )
Operating profit(or loss): 1,289 (890)
Interest payable and similar charges: ( 72 ) ( 72 )
Profit(or loss) before tax: 1,217 (962)
Profit(or loss) for the financial year: 1,217 (962)

JAMAICAN WOMEN'S NETWORK C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 100 150
Total fixed assets: 100 150
Current assets
Cash at bank and in hand: 12,547 8,854
Total current assets: 12,547 8,854
Creditors: amounts falling due within one year: 4 ( 1,850 ) ( 2,900 )
Net current assets (liabilities): 10,697 5,954
Total assets less current liabilities: 10,797 6,104
Total net assets (liabilities): 10,797 6,104
Members' funds
Profit and loss account: 10,797 6,104
Total members' funds: 10,797 6,104

The notes form part of these financial statements

JAMAICAN WOMEN'S NETWORK 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 31 December 2023
and signed on behalf of the board by:

Name: Hyacinth Parsons
Status: Director

The notes form part of these financial statements

JAMAICAN WOMEN'S NETWORK 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 Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    Straight line Method

JAMAICAN WOMEN'S NETWORK 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 0 0

JAMAICAN WOMEN'S NETWORK C.I.C.

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 300 300
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 300 300
Depreciation
At 1 November 2022 150 150
Charge for year 50 50
On disposals
Other adjustments
At 31 October 2023 200 200
Net book value
At 31 October 2023 100 100
At 31 October 2022 150 150

JAMAICAN WOMEN'S NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 1,850 2,900
Total 1,850 2,900

COMMUNITY INTEREST ANNUAL REPORT

JAMAICAN WOMEN'S NETWORK C.I.C.

Company Number: 11612220 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The Company's work has concentrated its effort on providing micro grants todisadvantaged women in rural Jamaica. We have given grants to enable women tosupport their families by purchasing sewing machines, providing goods for womenwho are higglers to get a greater return on their investments by scaling up theirmicro businesses. e.g. providing bulk cold drinks, portable coolers and laundryproducts. We also provided sewing machines to enable two seamstresses to makeschool uniforms and train young women in their local area. We provided a grant toenable a young entrepreneur to provide IT services as well.We've further encouraged local women to provide meals for housebound elders bysupplying the goods for them to do so.

Consultation with stakeholders

We have acted on the feedback provided the recipient of the grants, henceproviding bulk material and goods rather than cash to local women. We havelearned that because of dire needs some women borrowed from the money given tothem to grow their business and were unable to replace the sums borrowed. Hencein those cases the business did not progress.

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
31 December 2023

And signed on behalf of the board by:
Name: Hyacinth Parsons
Status: Director