MIITRUST CIC

Company Registration Number:
10538957 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

MIITRUST CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

MIITRUST CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Administrative expenses: ( 1,471 ) ( 1,471 )
Operating profit(or loss): (1,471) (1,471)
Profit(or loss) before tax: (1,471) (1,471)
Profit(or loss) for the financial year: (1,471) (1,471)

MIITRUST CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 153 1,624
Total fixed assets: 153 1,624
Creditors: amounts falling due within one year: 4 ( 40,338 ) ( 40,347 )
Net current assets (liabilities): (40,338) (40,338)
Total assets less current liabilities: (40,185) ( 38,714)
Total net assets (liabilities): (40,185) (38,714)
Capital and reserves
Called up share capital: 10 10
Profit and loss account: (40,195 ) (38,724 )
Total Shareholders' funds: ( 40,185 ) (38,714)

The notes form part of these financial statements

MIITRUST CIC

Balance sheet statements

For the year ending 31 December 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 26 August 2024
and signed on behalf of the board by:

Name: Kelvin Summoogum
Status: Director

The notes form part of these financial statements

MIITRUST CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

MIITRUST CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

MIITRUST CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 9,809 9,809
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 9,809 9,809
Depreciation
At 1 January 2023 8,185 8,185
Charge for year 1,471 1,471
On disposals
Other adjustments
At 31 December 2023 9,656 9,656
Net book value
At 31 December 2023 153 153
At 31 December 2022 1,624 1,624

MIITRUST CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 40,338 40,347
Total 40,338 40,347

COMMUNITY INTEREST ANNUAL REPORT

MIITRUST CIC

Company Number: 10538957 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

miiTRUST CIC is a social enterprise supporting older adults in the UK to live independently. In the financial year the key activities for the company were: 1. Engagement with a cohort of elderly 2. Befriending the elderly on a voluntary basis to understand how technology can support them 3. Engaging with neighbours and local volunteers to create a community of people happy to intervene in emergencies, such as falls and other life-threatening conditions 4. Pilot projects 5. Requirements capture 6. Software development 7. Hardware development Innovative solutions are then deployed in the homes of the elderly individuals allowing them to maintain their independence at home. These solutions were offered free of charge to the elderly

Consultation with stakeholders

Key stakeholders of the company are: 1 St Marks Church 2. Local communities 3. Third sector organisation such as foodbank Engagements were face to face meetings which took place at St Mark’s Church

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
26 August 2024

And signed on behalf of the board by:
Name: Kelvin Summoogum
Status: Director