for the Period Ended 31 October 2023
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2023 | 2022 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | ( | ( |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | |
Profit(or loss) before tax: | ( | |
Tax: | | ( |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2023 | 2022 | |
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| £ | £ | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 4 | ( | ( |
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
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 October 2023
Basis of measurement and preparation
for the Period Ended 31 October 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 31 October 2023
2023 | 2022 | |
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£ | £ | |
Other debtors | | |
Total | | |
for the Period Ended 31 October 2023
2023 | 2022 | |
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£ | £ | |
Other creditors | | |
Total | | |
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 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.
No remuneration was received
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