EQUAL POTENTIAL CIC

Company limited by guarantee

Company Registration Number:
14658452 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 13 February 2023

End date: 29 February 2024

EQUAL POTENTIAL CIC

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

EQUAL POTENTIAL CIC

Balance sheet

As at 29 February 2024

Notes 13 months to 29 February 2024


£
Fixed assets
Tangible assets: 3 578
Total fixed assets: 578
Current assets
Cash at bank and in hand: 16,654
Total current assets: 16,654
Creditors: amounts falling due within one year: 4 ( 16,993 )
Net current assets (liabilities): (339)
Total assets less current liabilities: 239
Provision for liabilities: ( 110 )
Total net assets (liabilities): 129
Members' funds
Profit and loss account: 129
Total members' funds: 129

The notes form part of these financial statements

EQUAL POTENTIAL CIC

Balance sheet statements

For the year ending 29 February 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.

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 28 August 2024
and signed on behalf of the board by:

Name: Natalie Everard
Status: Director

The notes form part of these financial statements

EQUAL POTENTIAL CIC

Notes to the Financial Statements

for the Period Ended 29 February 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

EQUAL POTENTIAL CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    13 months to 29 February 2024
    Average number of employees during the period 3

EQUAL POTENTIAL CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 626 626
Disposals
Revaluations
Transfers
At 29 February 2024 626 626
Depreciation
Charge for year 48 48
On disposals
Other adjustments
At 29 February 2024 48 48
Net book value
At 29 February 2024 578 578

EQUAL POTENTIAL CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

13 months to 29 February 2024
£
Taxation and social security 1,444
Accruals and deferred income 13,134
Other creditors 2,415
Total 16,993

COMMUNITY INTEREST ANNUAL REPORT

EQUAL POTENTIAL CIC

Company Number: 14658452 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

The organisation runs a variety of community projects that support neurodivergent young people across Rushmoor. The main projects we have run this year include: Neurodiversity Job Club – A club for neurodivergent adults to join while they are trying to find employment. This is run in partnership with our local job centre using a grant from National Lottery Awards for All. We run a weekly training session providing support with CVs, independence skills, job interviews etc. as well as optional 1-1 sessions with a coach over video call. Youth Games Club – A gaming club for young people aged 11-18 (or up to 25 years with SEN) who live in or around Aldershot town centre. This is being run using a grant from the Million Hours Fund. We provide a safe space and free food for young people to socialise over the school holidays, to reduce the number of teens being lured into criminal activity, county lines etc. Neurodiversity Heritage Project – A project run to provide volunteering and work experience to neurodivergent people. We take on neurodivergent volunteers to research historical figures who made a significant contribution to life today, despite being neurodivergent. This research will then be turned into a book that will be distributed to local schools and services. Social events and activities for the local community – We have hosted free social events, craft mornings and more to the local community to reduce isolation and support vulnerable people in building a resilient support network.

Consultation with stakeholders

All of the projects we have undertaken (listed in part 1) have been in response to a community consultation. When the company was initially formed, we created a steering group of neurodivergent young people and their carers (if applicable). The main two issues raised by the steering group were a lack of social and employment support available for this vulnerable group. As a result, we approached grant funders in order to start these services in the local community. This then formed into our job club and gaming group. We are in the process of setting up a social gaming group for young adults in addition to the youth gaming group currently running following further consultation. We check in regularly with our service users using feedback forms, a shared WhatsApp group, and community surveys/polls to make sure our services are meeting a need in the community. A second group of stakeholders are our local home educator co-op group. We were introduced to this group via our local CVS. This group highlighted a key need for group activities that were cost effective as many of these families are on a reduced household income due to at least one parent needing to stay home to care for the home educated child. As a result of this consultation, we have approached the Arts Council England who are funding a drama club for this group which will begin April 2024. We have set up a social media page for this group, where we regularly poll how they would like services to look, share signposting to other services, and encourage them to join in with project design.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £7,080. 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
26 March 2024

And signed on behalf of the board by:
Name: Natalie Everard
Status: Director