A GATE OF PRECIOUS STONES CIC

Company limited by guarantee

Company Registration Number:
13685167 (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

A GATE OF PRECIOUS STONES 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

A GATE OF PRECIOUS STONES 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 Directors present their annual report with the financial statements of the company for the twelve months periods 1st November 2022 to 31st October 2023. 1. Principal activitiesThe principal activity of the company in the period under review was: Health Care, Support and Management Health Lifestyle Coaching/Training Healthy Eating/Mental Wellbeing

Political and charitable donations

No political or charitable donations for the period reported.

Company policy on disabled employees

It is the company’s policy to give employment to disabled persons wherever practicable.



Directors

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

Sharon Akpoguma
Godwin Atare AKPOGUMA
Norma IRHUEBOR


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
14 June 2024

And signed on behalf of the board by:
Name: Sharon Akpoguma
Status: Director

A GATE OF PRECIOUS STONES CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 772 0
Gross profit(or loss): 772 0
Administrative expenses: ( 780 ) 0
Operating profit(or loss): (8) 0
Profit(or loss) before tax: (8) 0
Profit(or loss) for the financial year: (8) 0

A GATE OF PRECIOUS STONES CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 242 0
Total current assets: 242 0
Creditors: amounts falling due within one year: 3 ( 250 ) 0
Net current assets (liabilities): (8) 0
Total assets less current liabilities: (8) 0
Total net assets (liabilities): (8) 0
Members' funds
Profit and loss account: (8) 0
Total members' funds: ( 8) 0

The notes form part of these financial statements

A GATE OF PRECIOUS STONES 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 14 June 2024
and signed on behalf of the board by:

Name: Godwin Atare AKPOGUMA
Status: Director

The notes form part of these financial statements

A GATE OF PRECIOUS STONES 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

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances

    Tangible fixed assets depreciation policy

    Assets are depreciated on a 25years straight line basis or earlier, in line with its economic life.

    Valuation information and policy

    Land and Building are valued by authorised RICS valuers every 5years and use indices to assess the value in between the valuation periods by the approved registered valuers.

    Other accounting policies

    1.3. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

A GATE OF PRECIOUS STONES 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

A GATE OF PRECIOUS STONES CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 235 0
Other creditors 15 0
Total 250 0

COMMUNITY INTEREST ANNUAL REPORT

A GATE OF PRECIOUS STONES CIC

Company Number: 13685167 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Our activities aim to prevent, and alleviate isolation, and loneliness and improve health. Improve better mental health, so that people can engage better in their life. since November 2022 this has benefited the local community. 90% of our activities take place in Wolverhampton. We use this location due to its social deprivation.we noticed people are in social deprivation, wanting to connect more.We decided to create support groups with the view to achieve a positive outcome in people's circumstances. Also, our roles in leading/ running these groups are to facilitate, support, and signpost people if necessary to further help and support. Our participants stated they see us as a first point. That is because we believe in prevention and health promotion.

Consultation with stakeholders

The UK Commission on Bereavement, National Health Service (NHS), and the City of Wolverhampton Council shows more people are on waiting lists. The organization steps in to bridge the gap, with the help to tackle this crisis, and creates a safe space to better support residents of the community of Wolverhampton through facilitated support group meetings for connection and recovery. This includes a place to talk, this can help people better understand grief, and identify and express feelings associated with grief to reduce the impact of mental health issues. In these support meetings organized by A Gate of Precious Stone organization, people are encouraged and empowered, giving them improved confidence to adopt a positive approach to change in the various areas of their lives holistically. Feedback forms were sent to our participants and word of mouth showed that 90% of our participants valued the activities we delivered. They stated the positive impact of the meeting’s activities and how these had helped them maintain good outcomes for their general health and well-being.We ask everyone attending our meetings to fill in a short questionnaire form about their experiences and their suggestions for future improvement. This has helped us to build up a profile of local community needs and what we can do to meet them more effectively. We undertook a survey of 120 attendees using a questionnaire, we identified that there was a need for programs and events that support emotional and mental health well-being, especially following COVID-19. The result of the survey helped us to create mental and emotional well-being support groups. We also identified from the survey, (about 50 people) expressed interest in support for their Mental health. 40 people are interested in physical health, such as the management of diabetes, other health-related conditions, and weight management. From this, we created a series of events to raise awareness of type 2 diabetes with an emphasis on prevention with healthy eating and general diabetes management to prevent long-term complications. Furthermore, from the survey (about 30 women) expressed interest in life coaching. As a result, the women's empowerment meeting we created to support, inspire, and empower women.The people we have worked with often express gratitude that there are events such as ours in their local community. We believe this enables them to feel proud in their local community because of the benefits of our group activities of looking after the community. The services we offer provide a bridge, and the organization receives social referrals from other agencies/personnel. Also, our signposting approach as we do not take on the role of their healthcare professionals but encourage them to seek medical care. Especially as the group we work with is often hard to reach out for several reasons including social deprivation. The activities in the events/meetings we do, help people to identify their needs and encourage them to reach out for further support from people we sign-post them to. Also, the organization has a social connection with the local area through networking with other businesses and organizations. Word-of-mouth talks from local people, flyers, leaflet drop off, local authorities, and other local voluntary organizations' social media platforms The Mental Hub activities are delivered weekly, aiming to support people's emotional, mental, and social health well-being. The company meets people’s holistic needs, depending on the individual needs of each person. Our participants include men, women, and families. From all backgrounds, genders, faiths, and non-faiths. Activities methods are delivered in hubs - we meet one to one, in small and larger groups meetings. Mental health and well-being group - activities include a Bereavement Hub - in these meetings, we engage and connect with bereaved people and those experiencing grief. Meetings are in smaller groups, one-to-one, and online meetings, they consist of seven weekly structures facilitating in-house counseling styles to support people in their bereavement and grief journey to help them process their losses. To help and support people dealing with loss to find hope for the future. Wellbeing Health Hub – weekly meetings to support people's emotional and mental health – a safe and supportive space for people who feel or have felt overwhelmed, our meetings provide tools for self -management, in a facilitating peer mentoring style setting, with a focus on consistent structured flexible series of 12 weeks of content, which includes groups and individual activities designed to help participants accept themselves for who they are, look after themselves, understand their values and worth, to grow towards a more resilient and hopeful future.

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
14 June 2024

And signed on behalf of the board by:
Name: Sharon Akpoguma
Status: Director