ROAR PURSUITS CIC

Company limited by guarantee

Company Registration Number:
10796368 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

ROAR PURSUITS CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ROAR PURSUITS CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

The principle activities that of a Community Interest Company providing help, support and training for care leavers and other vulnerable people in the community and beyond.

Additional information

Small companies regimeThe report of the directors has been prepared taking advantage of the small companies exemptions of Section 415A of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

Nathalie Delahaye
Melanie Hall
Cassie Taylor


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
7 August 2024

And signed on behalf of the board by:
Name: Nathalie Delahaye
Status: Director

ROAR PURSUITS CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Cost of sales: ( 500 ) ( 350 )
Gross profit(or loss): (500) (350)
Administrative expenses: ( 33,852 ) ( 46,634 )
Other operating income: 34,370 47,028
Operating profit(or loss): 18 44
Interest payable and similar charges: ( 18 ) ( 44 )
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

ROAR PURSUITS CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 2,250 2,250
Cash at bank and in hand: 67,110 47,761
Total current assets: 69,360 50,011
Creditors: amounts falling due within one year: 4 ( 21,593 ) ( 2,243 )
Net current assets (liabilities): 47,767 47,768
Total assets less current liabilities: 47,767 47,768
Total net assets (liabilities): 47,767 47,768
Members' funds
Profit and loss account: 47,767 47,768
Total members' funds: 47,767 47,768

The notes form part of these financial statements

ROAR PURSUITS CIC

Balance sheet statements

For the year ending 30 November 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 7 August 2024
and signed on behalf of the board by:

Name: Nathalie Delahaye
Status: Director

The notes form part of these financial statements

ROAR PURSUITS CIC

Notes to the Financial Statements

for the Period Ended 30 November 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

    Turnover policy

    Turnover consists of government / departmental grants and donations only, these are recognised in line with the terms of the grants issued.

    Other accounting policies

    Government grants or assistanceGovernment grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when theproceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

ROAR PURSUITS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

ROAR PURSUITS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Debtors

2023 2022
£ £
Prepayments and accrued income 2,250 2,250
Total 2,250 2,250

ROAR PURSUITS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 19,611 1,843
Other creditors 1,982 400
Total 21,593 2,243

COMMUNITY INTEREST ANNUAL REPORT

ROAR PURSUITS CIC

Company Number: 10796368 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Roar Pursuits CIC is an organisation founded on the aim of providing education, training, and support to young care leavers to be able to build a stable independent life. In addition to this, during this period, we have broadened our services offered due to the cost of living crisis and the additional support needs of our local community of Greenwich. We have also increased the spectrum of who we are supporting, as the crisis has worsened for all walks of life.We have been operating since 2017 and have supported 800 young people, as well as a further 800 in the local community of all ages with advice, money management and food donations since then.In 2023, we were awarded from the Royal Borough of Greenwich the ‘Best in Health and Wellbeing’ award; we have managed to also acquire substantial funding from the Co-Operative. Which will enable us to sustain what we do for the next 5 years. We continue to offer one to one support to those who need it. Even those 8 years in, still come back. We have also been granted a care grant from the Peabody foundation to secure weekly lunches and food supplies which are gratefully donated by a wholesaler who wishes to be anonymous.Currently our impact on our cohort of care leavers, is still 100% of them are in independent accommodation with no arrears, no one is homeless or in temporary accommodation. In terms of employment we are happy to say that 96% of the 800 are in work, including some with severe disabilities, others have also completed degrees, one is now on to his masters.Passing the Pandemic that was – we face different problems. Lack of funds, lack of understanding and a lack of compassion. The cost of living crisis will be ongoing for the middle ground, and we will strive to commitment to our care leavers. They suffer the most of our community.Our aim remains. Providing education, training, and support to young care leavers to be able to build a stable independent life. We currently, weekly feed 60 people on average plus 30 children. And make sure they have the groceries and amenities they need.

Consultation with stakeholders

The stakeholders of Roar Pursuits CIC are:The Co-operative foundation have just awarded a £150,000 5 year unrestricted grant which is fabulous news!Mayor of London and the GLA – consulted with for funding and the need of the work, working with the young Londoners fund and the Peer outreach team. We continue to work with them and attend regular meetings with the Peer outreach team. We are also still working with the London Youth. We have been invited to apply for funding as a grant holder and will be looking into upcoming grants.The National Lottery - we have been advised to resubmit for our funding to return.NHS CCG – consulted and there is a possibility for funding for care leavers to receive our training. We are working together to ensure smooth referral in for care leavers who suffer with mental health issues or learning disabled.Royal Borough of Greenwich – as we are based in Greenwich and will be working with the leaving care teams, as well as councillors who are leading the council, and the children’s’ boards. They are now grant givers and have continued supported us well with projects this year.Department for Education – consultations on national level with Helen Grimes and team; on how to improve outcomes and aspirations for young people leaving care.Care leavers covenant – in consultation but also working together on the ground, with individuals who have needed immediate emergency response. We have been in contact with Sue Perkins who is interested in doing work in the entertainment industry on a project for care leavers.Peabody and the London community fund are partners in 3 grants, totalling in £20,000.We are starting a close relationship with the University of Greenwich to assist those care leavers who are at the university, they contacted us for support, and have care leavers who want to interim and volunteer,Various VCSE sector charities; including the Her centre (domestic abuse), time to talk (mental health), CGL (addictions), WSUP Woolwich (homeless), De Paul (supported housing), Neurolove, Lifeshare in Manchester, streetsupport, booth centre.We also have had lots of local support, funding, and donations from CAF, RBG, Grand Trust, MSE, Blue Coats, CareTech and others during this period. We increased our reserves by £19,000 to close to £48,000.We consult constantly with the care leavers who we supported and with others nationally via our online platform. We are user led, with all training approved, designed, and delivered by care leavers for care leavers. This won’t change, we will continue to adapt to needs.

Directors' remuneration

Directors’ remuneration to Nathalie Delahaye was £22,000 for the year via PAYE. Our reduced costs for this period are due to taking a salary reduction and moving to a smaller office in order to save money.No other remuneration has been received by any other director in the year, including those that have resigned. Our 30 plus volunteers work for no money.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
8 August 2024

And signed on behalf of the board by:
Name: Nathalie Delahaye
Status: Director