EMBRACE PFC CIC

Company limited by guarantee

Company Registration Number:
10487136 (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

EMBRACE PFC 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

EMBRACE PFC 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 directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.



Directors

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

Emma Roache
Benno Zeelte


The director shown below has held office during the period of
1 June 2023 to 30 November 2023

Amie Swithenbank


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
20 August 2024

And signed on behalf of the board by:
Name: Emma Roache
Status: Director

EMBRACE PFC CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 688 1,670
Cost of sales: ( 688 ) ( 1,670 )
Gross profit(or loss): 0 0
Distribution costs: ( 10,100 ) ( 19,888 )
Administrative expenses: ( 891 ) ( 1,563 )
Other operating income: 10,991 21,451
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

EMBRACE PFC CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 12,403 11,663
Total current assets: 12,403 11,663
Creditors: amounts falling due within one year: 3 ( 12,403 ) ( 11,663 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
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

EMBRACE PFC 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 20 August 2024
and signed on behalf of the board by:

Name: Emma Roache
Status: Director

The notes form part of these financial statements

EMBRACE PFC 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

EMBRACE PFC CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

EMBRACE PFC CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 12,403 11,663
Total 12,403 11,663

COMMUNITY INTEREST ANNUAL REPORT

EMBRACE PFC CIC

Company Number: 10487136 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

In the accounting period ended 30 November 2023, the company undertook work to raise funds by through sponsorship, obtaining donations and grant funding from The Aviva Community Fund and sponsored events. Sessions were carried out by sessional workers to provide support to individuals in the local community during the period, which included a number of people going through our 121 coaching program and or attending a series of workshops. Embrace PFC CIC's aim is to work with people who feel marginalised and/or excluded from society through circumstances including, but not exclusively; poverty/social exclusion, living with anxiety, domestic abuse, homelessness. Much of our focus for the 121 coaching is supporting young people with their mental well-being and women who have experienced domestic abuse to rebuild their futures. By supporting individuals to build confidence, self-esteem, manage social anxiety and regain hope for the future and build habits, behaviours and coping strategies which will support them to create the future they want and deserve. We have a broader focus for the workshops which are aimed at supporting people to build confidence, self-esteem, resilience, communication skills and so on, along with CV and interview skills to support people into education/employment and again find hope and build the future they want and deserve.

Consultation with stakeholders

The stakeholders are people in the community who feel marginalised and/or excluded from society through circumstances including, but not exclusively; poverty/social exclusion, living with anxiety, domestic abuse, homelessness. Additional stakeholders being our referral partners/organisations. Open honest feedback is always requested and encouraged from clients and referral partners during and following the delivery of 121 coaching and or workshops. This feedback is used to measure our social impact and ensure we are providing the best service we can to all stakeholders.

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
20 August 2024

And signed on behalf of the board by:
Name: Emma Roache
Status: Director