for the Period Ended 31 October 2023
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2023 | 13 months to 31 October 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | 3 | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
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 October 2023
Basis of measurement and preparation
for the Period Ended 31 October 2023
2023 | 13 months to 31 October 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 October 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 November 2022 | | | | | | |
Additions | | | | | | |
Disposals | | | | | | |
Revaluations | | | | | | |
Transfers | | | | | | |
At 31 October 2023 | | | | | | |
Depreciation | ||||||
At 1 November 2022 | | | | | | |
Charge for year | | | | | | |
On disposals | | | | | | |
Other adjustments | | | | | | |
At 31 October 2023 | | | | | | |
Net book value | ||||||
At 31 October 2023 | | | | | | |
At 31 October 2022 | | | | | | |
for the Period Ended 31 October 2023
2023 | 13 months to 31 October 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 31 October 2023
2023 | 13 months to 31 October 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Other creditors | | |
Total | | |
Comprehensive Analysis of Empowr CIC's Achievements in 20231. IntroductionOur sole focus is to empower lives through activities that promote life-longevity by embracingthe transformative power of Experiential Learning. By engaging in novel, hands-onexperiences, we aim to stimulate personal growth and development, significantly enhancingindividuals' mental and physical health, and cultivating healthier, more youthful, and vibrantcommunities. This analysis provides a detailed overview of the achievements and impact ofEmpowr CIC during the year-end of 2023.2. Community Interest StatementEmpowr CIC's activities have significantly benefited the community by cultivating a sense ofbelonging, providing opportunities for personal development, and promoting social integration.Our commitment to community interest has been at the forefront of all our initiatives, ensuringthat our programs cater to diverse age groups and backgrounds, thereby ensuring a broadand inclusive community impact.3. Activities and CollaborationsThroughout 2023, Empowr CIC successfully implemented a diverse range of activities acrossvarious sectors. We collaborated with six organisations, including schools, other CICs, andcharities, to deliver our programs. These partnerships have played a crucial role in extendingour reach and impact within the community.4. Locations and Participant EngagementOur sessions and workshops were conducted in seven locations across Southeast London ,engaging a diverse range of participants. Specifically, we reached 4,500 adults and 2,500children through our programs and events. This widespread engagement underscores theeffectiveness of Empowr CIC's initiatives in reaching and positively impacting the community.5. Empowr Champions ProgramIn 2023, we launched the Empowr Champions program, a dedicated team of weeklyvolunteers. Our Empowr Champions generously donate their time to assist with the running ofour sessions, ensuring that each session runs smoothly and provides a supportiveenvironment for all participants. This program has not only enhanced the effectiveness of oursessions but has also provided volunteers with valuable skills and experiences.6. Financial SustainabilityEmpowr CIC has been self-funded through membership and services fees. This financialmodel, alongside the support of our weekly volunteers, has allowed us to maintain ouroperations and expand our offerings without reliance on external funding sources. Our assetlock further ensures that we remain solely dedicated to our community objectives, without theinvolvement of stakeholders.7. Impact MeasurementWe regularly evaluate our programs to measure their impact on participants. Feedbackcollected through surveys and assessments indicates that 4 out of 5 participants are regularmembers who attend our sessions most weeks and take part in multiple programs. Moreover,4 out of 5 participants have reported improvements in their mental health and well-being as adirect result of our programs.8. ConclusionThe achievements of Empowr CIC in 2023 underscore the organisation's commitment to itscommunity-focused mission and the positive impact it has had on the communities it serves.By providing accessible and inclusive programs, collaborating with other organisations,engaging participants across multiple locations, and launching initiatives such as the EmpowrChampions program, Empowr CIC has made significant strides in empowering individuals andstrengthening community bonds.
Empowr CIC does not have any external stakeholders. Our asset lock ensures that we areunable to have stakeholders, maintaining our focus on community benefit. Our operations areself-funded through membership fees and the generous support of our volunteers. Thisfinancial independence allows us to ensure that all surplus funds are reinvested into ourprograms and services. Our primary accountability is to the community we serve, ensuringtransparency and alignment with our mission to improve physical health, mental well-being,and social cohesion.
The total amount paid to directors in respect of qualifying services was £10,200.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
2 August 2024
And signed on behalf of the board by:
Name: Jasmine Nicola Barnett
Status: Director