CLUB KALI NETWORK CIC

Company limited by guarantee

Company Registration Number:
09818019 (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

CLUB KALI NETWORK CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CLUB KALI NETWORK CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 457
Cash at bank and in hand: 29,155 24,275
Total current assets: 29,155 24,732
Creditors: amounts falling due within one year: 4 ( 23,648 ) ( 19,520 )
Net current assets (liabilities): 5,507 5,212
Total assets less current liabilities: 5,507 5,212
Creditors: amounts falling due after more than one year: 5 ( 6,000 ) ( 6,000 )
Total net assets (liabilities): (493) (788)
Members' funds
Profit and loss account: (493) ( 788)
Total members' funds: ( 493) (788)

The notes form part of these financial statements

CLUB KALI NETWORK 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.

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

Name: Rita Hirani
Status: Director

The notes form part of these financial statements

CLUB KALI NETWORK 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

    Other accounting policies

    2.1.Basis of Preparation of Financial StatementsThe financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.2.2.Going Concern DisclosureThese accounts have been prepared on a going concern basis. The validity of this assumption depends on the continued support of the company's directors. No adjustments have been made that would arise should this cooperation cease.2.3.DonationsThe revenue shown in the profit and loss account represents amounts received during the period.2.4.Grant IncomeGrants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.Note 7. Related Party Transactions: During the year the company purchased services from one of the Directors amounting to £575 (2022 - £nil).Note 8.Company limited by guarantee:The company is limited by guarantee and has no share capital.Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

CLUB KALI NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

CLUB KALI NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Debtors

2023 2022
£ £
Prepayments and accrued income 333
Other debtors 124
Total   457

CLUB KALI NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 792 1,325
Other creditors 22,856 18,195
Total 23,648 19,520

CLUB KALI NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 6,000 6,000
Total 6,000 6,000

COMMUNITY INTEREST ANNUAL REPORT

CLUB KALI NETWORK CIC

Company Number: 09818019 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The company provides social activities to reduce isolation and support LGBTQ+ (Lesbian, Gay, Bi, Trans, Queer+) people from marginalised Black/PoC (People of Colour communities) by celebrating LGBTQ+ identities and South Asian heritage. We work across the UK, with a London base and our activities welcome all LGBTQ+ people. During the financial year 01/11/2022 to 31/10/2023 we focused on diversifying the events and spaces we create for our members due to the changing demands following life after lockdown. Core parts of our work continued; building partnerships and collaborations, and involving members in the design and delivery of our activities. We increased our wellbeing activities with online programmes such as meditation sessions and social events. We have expanded our work with new partnerships including supporting other organisations and inclusion of LGBTQ+ People of Colour. Our partnership group, Pink Hub was strengthened by and took on a specific project; exploring partnership working with regard to specific projects. We strengthened our infrastructure and improved our longer term sustainability with support from LGBTQ Consortium’s Equity Fund. We completed a documentary “Discovering Kali – 25years of the Legendary Club” supported by National Lottery Awards for All. We are grateful to the funders whose support has enabled us to thrive particularly during this time of change. These include The London Community Foundation, National Lottery Awards for All and GLA – Civil Society Roots Incubator Programme and GLA - Culture & Creative Industries.

Consultation with stakeholders

Our Stakeholders are members who identify as LGBTQ+ and use our services or engage in our activities. The representation of intersectionality includes Trans Non Binary & Older people as the age range of our members is 18-80years.Organisations including charities and businesses with whom we collaborate ongoingly to better serve our communities, members and support activities. Our event team includes Freelance, Sessionals and Volunteers who gather feedback in person at our activities and events. We also have feedback from attendees online including the use of anonymous polls. Members feedback includes information on their support needs, eg, isolation, mental health, along with services they would like to us to provide. This information is used to plan our programme of events. Overall the biggest need remains to be that of maintaining a safe or exclusive LGBTQ space. This is followed closely by a need to meet and connect with other LGBTQ people who have shared heritage in order to reduce isolation and increase a sense of belonging and acceptance. We have a working Advisory Management Group of six, LGBTQ individuals who work closely with the Directors to inform and shape future business plans.

Directors' remuneration

The information is disclosed within note 7 of the accounts.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 July 2024

And signed on behalf of the board by:
Name: Rita Hirani
Status: Director