ELITE COMMUNITY HUB C.I.C.

Company limited by guarantee

Company Registration Number:
13049432 (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

ELITE COMMUNITY HUB C.I.C.

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

ELITE COMMUNITY HUB C.I.C.

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 company's principal activity during the year were the running of a community gym.



Directors

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

Alexander Matvienko
Sean Fogg
Scott Mitchell


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
29 August 2024

And signed on behalf of the board by:
Name: Alexander Matvienko
Status: Director

ELITE COMMUNITY HUB C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 72,388 90,953
Cost of sales: ( 30,268 ) ( 9,900 )
Gross profit(or loss): 42,120 81,053
Administrative expenses: ( 40,206 ) ( 65,903 )
Operating profit(or loss): 1,914 15,150
Profit(or loss) before tax: 1,914 15,150
Tax: ( 365 ) ( 2,300 )
Profit(or loss) for the financial year: 1,549 12,850

ELITE COMMUNITY HUB C.I.C.

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 39,864 36,860
Total current assets: 39,864 36,860
Creditors: amounts falling due within one year: 3 ( 28,514 ) ( 27,059 )
Net current assets (liabilities): 11,350 9,801
Total assets less current liabilities: 11,350 9,801
Total net assets (liabilities): 11,350 9,801
Members' funds
Profit and loss account: 11,350 9,801
Total members' funds: 11,350 9,801

The notes form part of these financial statements

ELITE COMMUNITY HUB C.I.C.

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

Name: Alexander Matvienko
Status: Director

The notes form part of these financial statements

ELITE COMMUNITY HUB C.I.C.

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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

ELITE COMMUNITY HUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 5

ELITE COMMUNITY HUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 15,859 15,859
Taxation and social security 2,665 2,300
Other creditors 9,990 8,900
Total 28,514 27,059

COMMUNITY INTEREST ANNUAL REPORT

ELITE COMMUNITY HUB C.I.C.

Company Number: 13049432 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Elite Community Hub provides free boxing and fitness classes tailored for individuals over 50, promoting health and wellness in our senior community. Our most successful and long running program provides Children aged 6-19 free boxing sessions, fostering physical activity and skill development in a supportive environment. Our free SEN Boxing classes cater to individuals with special educational needs, ensuring inclusivity and empowerment through sport. Transforming Lives, our initiative for those affected by substance misuse, provides a supportive community and resources for recovery. Partnering with local schools, such as Harper Green, we offer boxing sessions to engage youth positively and promote healthy lifestyles. Collaborating with organizations such as the Youth Offending Team and Salford Foundation, we provide support and mentorship through boxing for at-risk youth and those involved in crime. Ricky's Club, our fortnightly men's mental health group, offers a safe space for support and a warm space for men to open up. Educational seminars with esteemed guests, such as Phil Richards, who is a world renowned performance coach. These provide valuable insights and knowledge to our community members Partnering with Phenix Division, an ex-veterans group, we offer weekly boxing classes for ex veterans to create camaraderie for those with shared experiences. We also partner with Phenix Division to offer a first qualification to troubled youth. Through partnerships like Classroom Kitchen, we empower troubled youth with culinary skills, fostering confidence and employability. With around 30 dedicated volunteers, we continue to expand our impact and provide essential support to our community initiatives.

Consultation with stakeholders

The company stakeholders are the residents of Halliwell in Bolton. The directors have lived and worked in the area for many years. We asked young people in the area about the problems of the area aand boredom of young people and violence. We established a community gym providing fitness training and activities as an alternitive to boredom, petty crime and violence.

Directors' remuneration

The total amounts paid to directors was £18,468. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which were required 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
29 August 2024

And signed on behalf of the board by:
Name: Alexander Matvienko
Status: Director