OUR POWER HUB CIC

Company limited by guarantee

Company Registration Number:
12297562 (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

OUR POWER HUB CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

OUR POWER HUB CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 75,446 73,434
Cost of sales: ( 67,141 ) ( 36,990 )
Gross profit(or loss): 8,305 36,444
Administrative expenses: ( 8,305 ) ( 36,444 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

OUR POWER HUB CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,254 3,254
Total fixed assets: 3,254 3,254
Current assets
Cash at bank and in hand: 51,103 60,811
Total current assets: 51,103 60,811
Net current assets (liabilities): 51,103 60,811
Total assets less current liabilities: 54,357 64,065
Accruals and deferred income: ( 54,357 ) ( 64,065 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

OUR POWER HUB 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 19 August 2024
and signed on behalf of the board by:

Name: Nadia Aasili
Status: Director

The notes form part of these financial statements

OUR POWER HUB 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

OUR POWER HUB CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 3

OUR POWER HUB CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 5,422 5,422
Additions
Disposals
Revaluations
Transfers
At 30 November 2023 5,422 5,422
Depreciation
At 1 December 2022 2,168 2,168
Charge for year
On disposals
Other adjustments
At 30 November 2023 2,168 2,168
Net book value
At 30 November 2023 3,254 3,254
At 30 November 2022 3,254 3,254

COMMUNITY INTEREST ANNUAL REPORT

OUR POWER HUB CIC

Company Number: 12297562 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Our Power Hub CIC (OPH) has expanded its services from North Kensington to the wider Royal Borough of Kensington and Chelsea, as well as neighboring areas, enhancing community life through diverse programs in health, wellbeing, arts, technology, and employment. We offer tailored employment training and job placement services, particularly for young people, to help them secure meaningful careers. Our private gym provides fitness classes that cater to the unique needs of our diverse community, contributing to overall wellness.Additionally, OPH promotes cultural enrichment through arts and music programs and advances digital literacy via technology training. Our efforts have positively impacted over 200 community members through activities that reduce stress, build confidence, and foster connections. Our Young Apprentice Program successfully engaged 30 young people, providing essential skills and job placement support, while our fitness classes, day trips, and arts workshops have significantly improved participants' physical and mental health.Furthermore, our Music to Heal workshops and technology training programs have empowered individuals with creative and digital skills. We also contributed to humanitarian efforts by coordinating fundraising and providing on-the-ground support in disaster-stricken areas, reinforcing our commitment to global solidarity and community impact.

Consultation with stakeholders

Our Power Hub CIC (OPH) uses various communication methods to engage with stakeholders, including in-person interactions, emails, meetings, and phone calls. OPH delivers workshops and activities like art, tech, and fitness training for bereaved, survivors, and residents (BSRs), based on community feedback. The Young People’s Fund activities, such as "Music to Heal," are implemented per grant applications. Collaborations with RBKC, the Dedicated Service, and the Grenfell Foundation focus on developing inclusive, peer-led models and ensuring community well-being. OPH also maintains a close relationship with the NHS to support recovery efforts and the health of attendees during events and workshops.

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
19 August 2024

And signed on behalf of the board by:
Name: Nadia Aasili
Status: Director