THRIVE YOUTH CIC

Company limited by guarantee

Company Registration Number:
14563599 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 30 December 2022

End date: 31 December 2023

THRIVE YOUTH CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THRIVE YOUTH CIC

Balance sheet

As at 31 December 2023

Notes 2023


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 10,020
Investments:   0
Total current assets: 10,020
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 16,038 )
Net current assets (liabilities): (6,018)
Total assets less current liabilities: (6,018)
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (6,018)
Members' funds
Profit and loss account: (6,018)
Total members' funds: ( 6,018)

The notes form part of these financial statements

THRIVE YOUTH CIC

Balance sheet statements

For the year ending 31 December 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 9 August 2024
and signed on behalf of the board by:

Name: Caroline Chiriseri
Status: Director

The notes form part of these financial statements

THRIVE YOUTH CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

THRIVE YOUTH CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023
    Average number of employees during the period 2

THRIVE YOUTH CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Creditors: amounts falling due within one year note

2023
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 479
Other creditors 15,559
Total 16,038

COMMUNITY INTEREST ANNUAL REPORT

THRIVE YOUTH CIC

Company Number: 14563599 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The company runs free activities for young people conducted by mostly volunteers. During the financial year 2022-2023, the CIC’s activities have benefited the community in the following ways: The activities are follows:Safeguarding programmes, Bespoke life skills workshops ,Career guidance ,University applications, 1:1 youth mentoring ,Further Education support, Bespoke Training and Consultancy ,Tailored youth programmes Back to work solutions ,Special Educational Needs advice,BAME support and Youth supervision.The outcomes have been as follows;-Increased safeguarding knowledge-Enhanced self esteem -Gained employment prospects-Effective student enrollment -Optimised communication-Minimised disruptions - Greater competency levels-Positive youth outcomes-Moderated unemployment rates -Improved communication skills -Equal opportunities and diversity -Increased cultural and identity awareness-Reduced crime rates

Consultation with stakeholders

The company’s stakeholders are residents of Watford.We ask everyone (parents and young people) using our services to fill in a short questionnaire. This has helped us to build up a profile of their needs and what we can do to meet those more effectively. Our research has enabled us to identify that they are a lot of household struggling with the cost of living and therefore our free services are essential to the community. We encourage those accessing our services to communicate to us via the provided “suggestions box” for us to continuously improve our services.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £1,000.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
9 August 2024

And signed on behalf of the board by:
Name: Caroline Chiriseri
Status: Director