DE BUTTERFLY CIC

Company limited by guarantee

Company Registration Number:
12258736 (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

DE BUTTERFLY 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

DE BUTTERFLY 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

Directors

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

OPEBIYI Moyosore
OCHANG Alice, Ms.
JOHNSON Temiloluwa Deborah


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
31 July 2024

And signed on behalf of the board by:
Name: OPEBIYI Moyosore
Status: Director

DE BUTTERFLY CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 30,465 28,746
Cost of sales: ( 5,737 ) ( 11,900 )
Gross profit(or loss): 24,728 16,846
Administrative expenses: ( 21,749 ) ( 14,981 )
Operating profit(or loss): 2,979 1,865
Profit(or loss) before tax: 2,979 1,865
Tax: 0 0
Profit(or loss) for the financial year: 2,979 1,865

DE BUTTERFLY CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 661 991
Total fixed assets: 661 991
Current assets
Cash at bank and in hand: 12,407 9,441
Total current assets: 12,407 9,441
Creditors: amounts falling due within one year: 4 ( 250 ) ( 250 )
Net current assets (liabilities): 12,157 9,191
Total assets less current liabilities: 12,818 10,182
Total net assets (liabilities): 12,818 10,182
Members' funds
Profit and loss account: 12,818 10,182
Total members' funds: 12,818 10,182

The notes form part of these financial statements

DE BUTTERFLY 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 31 July 2024
and signed on behalf of the board by:

Name: OPEBIYI Moyosore
Status: Director

The notes form part of these financial statements

DE BUTTERFLY 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 Financial Reporting Standard 101

DE BUTTERFLY CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

DE BUTTERFLY 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 1,763 1,763
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 1,763 1,763
Depreciation
At 1 November 2022 772 772
Charge for year 330 330
On disposals
Other adjustments
At 31 October 2023 1,102 1,102
Net book value
At 31 October 2023 661 661
At 31 October 2022 991 991

DE BUTTERFLY CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 250 250
Total 250 250

COMMUNITY INTEREST ANNUAL REPORT

DE BUTTERFLY CIC

Company Number: 12258736 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

De Butterfly CIC has made significant contributions to the community in several meaningful ways during the financial year, particularly benefiting Black, Asian, and minority ethnic (BAME) groups. Here’s a detailed look at how the activities of the organisation have fostered community well-being and development:Culturally Sensitive Services: By offering services that are sensitive to the cultural specifics of Black and Asian ethnic communities, De Butterfly CIC has helped bridge gaps in standard community services that may not address the unique challenges these groups face. This approach not only fosters a sense of belonging but also enhances the effectiveness of the support provided.Mental Health Support: The organisation's mental health programs are tailored to meet BAME-specific cultural needs, addressing a critical gap in general mental health services which often overlook cultural nuances in symptoms and treatment preferences. This specialized support helps improve mental health outcomes for community members who might otherwise be underserved.Counselling and Psychotherapy: Focusing on women and young people with multiple disadvantages, the organization provides vital counselling and psychotherapy. These services are crucial for these groups, helping them cope with complex issues such as trauma, discrimination, and social isolation, ultimately leading to improved mental and emotional well-being.Mentoring and Life Skills Programs: Through mentoring and life skills programs, De Butterfly CIC supports women and young people facing hardships, offering them guidance and practical skills needed to navigate life challenges. This not only aids individual growth but also contributes to social stability by empowering vulnerable groups.Engagement with Arts, Music, and Culture: By integrating arts, music, and cultural activities into their programs, the organization provides creative outlets and therapeutic opportunities for individuals facing disadvantages. These activities not only help in expressing and processing complex emotions but also in building community ties and fostering cultural appreciation.Economic Benefits: De Butterfly CIC contributes to the local economy by creating jobs and providing training that enhances employment opportunities for members of disadvantaged communities. This economic engagement helps integrate these communities into broader societal frameworks, improving socio-economic standings and promoting inclusivity.Overall, the diverse range of programs and services offered by De Butterfly CIC not only addresses immediate community needs but also builds a foundation for sustained improvement and integration of marginalized groups, enhancing both individual lives and community health as a whole.

Consultation with stakeholders

To provide a detailed account of consultations with stakeholders for an organization like De Butterfly CIC, it's crucial to outline the process typically involved in engaging various groups that have a vested interest in the organization's activities and impact. This includes beneficiaries, community leaders, funding partners, and governmental bodies. Here’s an ideal process and the kind of interactions that might take place:Identification of StakeholdersBeneficiaries: Individuals and communities who directly benefit from the services, such as BAME communities, women, and young people facing disadvantages.Community Leaders: Representatives from local councils, religious organizations, and other community groups who understand community needs.Funders and Partners: This includes government bodies, private donors, and corporate sponsors who finance the organization’s projects.Volunteers and Staff: Those involved in the day-to-day operations and execution of projects.Local Businesses: Especially those that can provide employment or training opportunities for beneficiaries.Types of ConsultationsSurveys and Feedback Forms: Distributed to beneficiaries to gather feedback on the effectiveness of programs and areas for improvement.Focus Groups: Small, interactive group sessions with targeted stakeholders (like youth groups or women’s support groups) to delve deeper into specific issues or outcomes.Public Meetings: Larger gatherings open to all community members to discuss the organization's impact, future plans, and community needs.One-on-One Interviews: With major donors, community leaders, and key partners to discuss strategic direction and support.Advisory Board Meetings: Regular meetings with a board comprised of diverse stakeholders to review organizational performance and make strategic decisions.Outcomes of Stakeholder ConsultationsProgram Adaptation: Adjusting programs based on direct feedback from beneficiaries, ensuring that services meet the evolving needs effectively.Policy Development: Crafting or revising policies to enhance governance, transparency, and accountability based on stakeholder guidance.Strategic Partnerships: Forming new partnerships or strengthening existing ones, especially with businesses and educational institutions for broader community integration and support.Funding Adjustments: Aligning funding strategies with the most pressing community needs and the efficacy of current programs as per donor and partner feedback.Communication of OutcomesReports and Newsletters: Regular updates to stakeholders about what was discussed, changes implemented, and plans for the future.Interactive Platforms: Using social media and organizational websites to share updates and engage with a broader audience, inviting ongoing feedback.These steps highlight a comprehensive approach to stakeholder consultation, ensuring that all voices are heard and that the organization's strategies and operations are closely aligned with community needs and expectations. This process not only promotes transparency but also strengthens the organization’s impact in the community.

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 July 2024

And signed on behalf of the board by:
Name: OPEBIYI Moyosore
Status: Director