for the Period Ended 30 November 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 November 2023
Principal activities of the company
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
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
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| £ | £ |
Cost of sales: | ( | ( |
Gross profit(or loss): | ( | ( |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
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| £ | £ | |
Current assets | |||
Debtors: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
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 30 November 2023
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 30 November 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 30 November 2023
2023 | 2022 | |
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£ | £ | |
Prepayments and accrued income | | |
Total | | |
for the Period Ended 30 November 2023
2023 | 2022 | |
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£ | £ | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
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.
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 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.
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