EMPOWR CIC

Company limited by guarantee

Company Registration Number:
13660924 (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

EMPOWR CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

EMPOWR CIC

Balance sheet

As at 31 October 2023

Notes 2023 13 months to 31 October 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 10,799 0
Investments:   0 0
Total fixed assets: 10,799 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 2,791 3,274
Investments:   0 0
Total current assets: 2,791 3,274
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 2,461 ) ( 540 )
Net current assets (liabilities): 330 2,734
Total assets less current liabilities: 11,129 2,734
Creditors: amounts falling due after more than one year: 5 ( 11,474 ) 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 1,676 ) ( 479 )
Total net assets (liabilities): (2,021) 2,255
Members' funds
Profit and loss account: (2,021) 2,255
Total members' funds: ( 2,021) 2,255

The notes form part of these financial statements

EMPOWR 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.

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 2 August 2024
and signed on behalf of the board by:

Name: Jasmine Nicola Barnett
Status: Director

The notes form part of these financial statements

EMPOWR 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

EMPOWR CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 13 months to 31 October 2022
    Average number of employees during the period 1 0

EMPOWR 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 0 0 0 0 0 0
Additions 0 0 0 0 13,499 13,499
Disposals 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 October 2023 0 0 0 0 13,499 13,499
Depreciation
At 1 November 2022 0 0 0 0 0 0
Charge for year 0 0 0 0 2,700 2,700
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 October 2023 0 0 0 0 2,700 2,700
Net book value
At 31 October 2023 0 0 0 0 10,799 10,799
At 31 October 2022 0 0 0 0 0 0

EMPOWR CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 31 October 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 540 540
Accruals and deferred income 0 0
Other creditors 1,921 0
Total 2,461 540

EMPOWR CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due after more than one year note

2023 13 months to 31 October 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 11,474 0
Total 11,474 0

COMMUNITY INTEREST ANNUAL REPORT

EMPOWR CIC

Company Number: 13660924 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

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.

Consultation with stakeholders

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.

Directors' remuneration

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.

Transfer of assets

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