for the Period Ended 31 March 2024
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 17 months to 31 March 2024 | ||
---|---|---|---|
| £ | ||
Fixed assets | |||
Tangible assets: | 3 | | |
Investments: | | ||
Total fixed assets: | | ||
Current assets | |||
Stocks: | 4 | | |
Debtors: | | ||
Cash at bank and in hand: | | ||
Investments: | | ||
Total current assets: | | ||
Prepayments and accrued income: | | ||
Creditors: amounts falling due within one year: | | ||
Net current assets (liabilities): | | ||
Total assets less current liabilities: | | ||
Creditors: amounts falling due after more than one year: | 5 | ( | |
Provision for liabilities: | | ||
Accruals and deferred income: | | ||
Total net assets (liabilities): | | ||
Members' funds | |||
Profit and loss account: | | ||
Total members' funds: | |
The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
for the Period Ended 31 March 2024
17 months to 31 March 2024 | ||
---|---|---|
Average number of employees during the period | |
for the Period Ended 31 March 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 March 2024 | | | ||||
Depreciation | ||||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 31 March 2024 | | | ||||
Net book value | ||||||
At 31 March 2024 | | |
for the Period Ended 31 March 2024
17 months to 31 March 2024 | ||
---|---|---|
£ | ||
Stocks | | |
Payments on account | | |
Total | |
for the Period Ended 31 March 2024
17 months to 31 March 2024 | ||
---|---|---|
£ | ||
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Other creditors | | |
Total | |
The company has provided Taekwondo classes to members of the community on a means-tested basis since its conception, including free for those that met the criteria. Taekwondo, like most martial arts and sports, is beneficial for both physical and mental well-being. As a diverse group of coaches, voluntary members and athletes, we have provided support for a variety of members of the community, irrespective of their gender, heritage, culture or background. Five Lions Academy CIC has also held workshops and classes within schools situated in areas that qualify under the index of high deprivation. This has resulted in attracting youth from under-privilaged backgrounds away from anti-social behaviour and towards community cohesion and positive behaviour. This has also resulted in improve access to extracurricular opportunities and reducing inactivity. Without discriminating on gender or age, membership numbers grew exponentially over the period and continue to grow, with a number of members migrating from other clubs nationally to provide support due to their values aligning with those of Five Lions Academy CIC.The club's outreach programme continues from strength to strength, having provided local migrant communities with a mutual base, resulting in the reduction of language and cultural barriers and setting the foundation of building bridges. The team have also held workshops to help both athletes and parents with their academic learning, resulting in great success across both.Having hosted an International Championship in early 2023 within the City of Culture as well as the prospective of establishing a full time venue in 2024 has further embedded the future of the club both in the local community as well as nationally. With current athletes now as National Champions as part of the members, interest is further growing in the community as a respected centre of excellence for demonstrating both discipline, the result of hard work and commitment as well as community cohesion.
No consultation with stakeholders
No remuneration was received
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: Mohammad Anwar Sediqi
Status: Director