BBSA (BLACK BUSINESS SUPPORT AGENCY) C.I.C.

Company limited by guarantee

Company Registration Number:
13367624 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

BBSA (BLACK BUSINESS SUPPORT AGENCY) C.I.C.

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

BBSA (BLACK BUSINESS SUPPORT AGENCY) C.I.C.

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Neville Brown
Errol Brown


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
12 July 2024

And signed on behalf of the board by:
Name: Neville Brown
Status: Director

BBSA (BLACK BUSINESS SUPPORT AGENCY) C.I.C.

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 9,731 5,539
Gross profit(or loss): 9,731 5,539
Administrative expenses: ( 9,970 ) ( 7,297 )
Other operating income: 1,100
Operating profit(or loss): (239) (658)
Profit(or loss) before tax: (239) (658)
Profit(or loss) for the financial year: (239) (658)

BBSA (BLACK BUSINESS SUPPORT AGENCY) C.I.C.

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 7,765 408
Total current assets: 7,765 408
Creditors: amounts falling due within one year: 3 ( 8,712 ) ( 1,116 )
Net current assets (liabilities): (947) (708)
Total assets less current liabilities: (947) ( 708)
Total net assets (liabilities): (947) (708)
Members' funds
Profit and loss account: (947) ( 708)
Total members' funds: ( 947) (708)

The notes form part of these financial statements

BBSA (BLACK BUSINESS SUPPORT AGENCY) C.I.C.

Balance sheet statements

For the year ending 30 April 2024 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 12 July 2024
and signed on behalf of the board by:

Name: Neville Brown
Status: Director

The notes form part of these financial statements

BBSA (BLACK BUSINESS SUPPORT AGENCY) C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 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

BBSA (BLACK BUSINESS SUPPORT AGENCY) C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

BBSA (BLACK BUSINESS SUPPORT AGENCY) C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 8,262 666
Accruals and deferred income 450 450
Total 8,712 1,116

COMMUNITY INTEREST ANNUAL REPORT

BBSA (BLACK BUSINESS SUPPORT AGENCY) C.I.C.

Company Number: 13367624 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

The BBSA aims to inspire future and promote currently operating British black businesses. Statistically in the U.K members of the black community are less likely to own a business. Through an annual Black Business Expo we give a platform for business educators and community funding groups to engage with the black community to overcome some of the barriers associated with the under representation of black owned businesses. We also provide a space for trading black owned businesses to showcase themselves to people from all the different communities that attend the event. Whilst also inspiring others to follow in their brave footsteps towards ownership. During this financial year the Black Business Expo was held at the John Smiths Stadium, Huddersfield, on the 9th July 2023. The financial year was spent planning for the event, maintaining links with keynote speakers, businesses and delegates. After the event, impact analysis was conducted via feedback from businesses and delegates. The knowledge gained from analysis went straight into planning the Expo for 2024.During this financial year BBSA also organised an event named Missing You, at the Hudawi Cultural Centre in Huddersfield. The aim of the event was to give members of the community an opportunity to celebrate and acknowledge loved ones that had passed away over the last few years. The previous few years not only cut many lives short due to covid, but also limited funeral numbers and people's ability to give loved ones the send off they would have wished. The event took the form of a dance and was free to all members of every community.

Consultation with stakeholders

The company's stakeholders include anyone interested in addressing the aspirational inequalities between different ethnic communities when it comes to business ownership. This includes people from all communities who wish to support by just attending the event and purchasing from or just positively engaging with members of the black community. Members of the black community old and young who wish to learn more about business ownership. Members of the black community who already own a business and wish to engage with potential new customers, whilst also inspiring potential new business owners with their presence. Consultations were conducted after the event on 9th July 2023 with questionnaires sent to delegates who attended and businesses who showcased. Also guest speakers, and sponsors were consulted. The aim is to conduct consultation and feedback questionnaires after each event to better understand the needs of the community we are aiming to benefit.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 July 2024

And signed on behalf of the board by:
Name: Neville Brown
Status: Director