BUILDING COMMUNITIES CIC

Company limited by guarantee

Company Registration Number:
13700741 (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

BUILDING COMMUNITIES CIC

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

BUILDING COMMUNITIES CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 3,990 26,960
Cost of sales: ( 1,880 ) ( 24,878 )
Gross profit(or loss): 2,110 2,082
Distribution costs: ( 1,364 ) ( 386 )
Administrative expenses: ( 1,879 ) ( 1,492 )
Other operating income: 0 0
Operating profit(or loss): (1,133) 204
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (1,133) 204
Tax: 0 ( 38 )
Profit(or loss) for the financial year: (1,133) 166

BUILDING COMMUNITIES CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 1,379 1,379
Cash at bank and in hand: 14 354
Total current assets: 1,393 1,733
Net current assets (liabilities): 1,393 1,733
Total assets less current liabilities: 1,393 1,733
Creditors: amounts falling due after more than one year: 4 ( 1,472 ) ( 979 )
Accruals and deferred income: ( 850 ) ( 550 )
Total net assets (liabilities): (929) 204
Members' funds
Profit and loss account: (929) 204
Total members' funds: ( 929) 204

The notes form part of these financial statements

BUILDING COMMUNITIES 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 26 July 2024
and signed on behalf of the board by:

Name: Yasmin Faruqui
Status: Director

The notes form part of these financial statements

BUILDING COMMUNITIES 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

BUILDING COMMUNITIES 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

BUILDING COMMUNITIES CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Debtors

2023 2022
£ £
Other debtors 1,379 1,379
Total 1,379 1,379

BUILDING COMMUNITIES CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

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

2023 2022
£ £
Other creditors 1,472 979
Total 1,472 979

COMMUNITY INTEREST ANNUAL REPORT

BUILDING COMMUNITIES CIC

Company Number: 13700741 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Company activities and impact Building Communities CIC was set up to support disenfranchised groups, especially BAME women, 50yr+ who have very little or no basic key and life skills, do not speak English and are unable to read and write, adapt to new way of life and learning post COVID-19. We have focused on writing bid applications to pilot workshops to bridge skills gap, especially Textiles and linguistic skills to build confidence, tackle isolation exacerbated since Covid-19 Lock-downs. We were awarded funding on a project-by-project basis from National Lottery and BVSC. This funding enabled us to continue delivering unaccredited Textiles and Pre-Entry Literacy workshops to support community members who have little or no key skills, speak very little or no English and/or who do not meet eligibility criteria for accredited learning programs due to residential status. This has helped tackle isolation, loneliness, reduce anxieties and feelings of exclusion. improve mental health and well-being, build confidence. We have been able to identify immediate skill/training needs and demands within communities and help them deal with challenges, circumstantial changes being faced. All our workshops/programs are delivered in safe and friendly spaces at local community centres. We have kept communities engaged. We have improved community cohesion. We have brought different ethnic groups together. We have shared our vision with community partners who all share in our vision and are signposting identified clients to our workshops.

Consultation with stakeholders

Consultation with stakeholdersWe have communicated with stakeholders through communication: by phone, emails and meetings and all agreed that we should write as many bids as we can to deliver smaller projects to meet community needs and demands. We all agree our focus is to mitigate cultural, language, isolation, loneliness, anxiety and confidence barriers post COVID-19 by focusing on small projects, keeping participants engaged and working towards building partnerships, so we can continue to open pathways to continued accredited learning provisions as a supply chain partner.

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
26 July 2024

And signed on behalf of the board by:
Name: Yasmin Faruqui
Status: Director