UK LITHUANIAN YOUTH ASSOCIATION C.I.C.

Company limited by guarantee

Company Registration Number:
11089554 (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

UK LITHUANIAN YOUTH ASSOCIATION 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

UK LITHUANIAN YOUTH ASSOCIATION 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 principal activities of UKLYA were organisation of social, networking or educational events for young individuals of Lithuanian descent.



Directors

The director shown below has held office during the period of
1 December 2022 to 14 October 2023

Goda Katkute


The director shown below has held office during the period of
14 October 2023 to 30 November 2023

Egle Adomaityte


Secretary Egle Gulbinauskaite

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
28 August 2024

And signed on behalf of the board by:
Name: Egle Gulbinauskaite
Status: Secretary

UK LITHUANIAN YOUTH ASSOCIATION C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 514 390
Cost of sales: ( 152 ) ( 176 )
Gross profit(or loss): 362 214
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 362 214
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 362 214
Tax: 0 0
Profit(or loss) for the financial year: 362 214

UK LITHUANIAN YOUTH ASSOCIATION C.I.C.

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 2,259 2,065
Investments:   0 0
Total current assets: 2,259 2,065
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 2,016 ) ( 1,848 )
Net current assets (liabilities): 243 217
Total assets less current liabilities: 243 217
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 243 217
Members' funds
Profit and loss account: 243 217
Total members' funds: 243 217

The notes form part of these financial statements

UK LITHUANIAN YOUTH ASSOCIATION 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 30 August 2024
and signed on behalf of the board by:

Name: Egle Adomaityte
Status: Director

The notes form part of these financial statements

UK LITHUANIAN YOUTH ASSOCIATION 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

UK LITHUANIAN YOUTH ASSOCIATION 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 4 4

UK LITHUANIAN YOUTH ASSOCIATION 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
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 2,016 1,848
Total 2,016 1,848

COMMUNITY INTEREST ANNUAL REPORT

UK LITHUANIAN YOUTH ASSOCIATION C.I.C.

Company Number: 11089554 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

In the financial year beginning on 1 December 2022 and ending on 30 November 2023, UK Lithuanian Youth Association C.I.C (UKLYA) continued organising virtual and physical educational and professional or social networking activities for young individuals of Lithuanian descent in the United Kingdom (UK), promoting Lithuanian culture and sharing information on current affairs in Lithuania with Lithuanian youth communities in the UK and elsewhere. In this year, UKLYA organised: - JK Lietuviu jaunuju mokslininku konferencija (Eng. UK Lithuanian Youth scientist conference). An event held in Edinburgh, Scotland with the aim of allowing Lithuanian students in the UK (undertaking PhD studies) to present their area of study and research. Attracting more than 25 people, it was one of the most successful events of the year, as it allowed not only for people to hear fascinating areas of research done by fellow Lithuanians, but also allowed students to present their work and field of expertise/research. - A virtual careers fair called “Karjeros Muge”. The main goal of this event was to increase the awareness of all the career opportunities available for youth in Lithuania. UKLYA attracted more than 150 students across the UK and connected them with more than 15 companies working across various different fields (mainly IT and finance companies) in Lithuania. Such an event allowed Lithuanian Youth in the UK to better understand all the career capabilities and opportunities that are available for them back in Lithuania and to network with potential future employers. It was considered a highly successful event not only due to the number of attendees, but also because of high profile companies which attended, such as Nasdaq, Deloitte, Vinted, KPMG and others. The event was held for a half a day on a virtual meeting platform called Gather. - Annual association meeting called “Misraine” (Eng. Mix) which takes place in the Lithuanian Embassy in London. Considered as one of the main events of the year, the current committee successfully presented what they were able to do during the previous year - goals, achievements, events and also considered future strategy of the association. Also, in this event, new members of the committee were chosen by the members of the association. Not only did a high number of new members take part in this event, as more than 35 members signed up, it was also a great networking opportunity and a place of discussion regarding Lithuanian nationality and culture topics for the UK youth. The 2-day event was concluded with a guided tour of London and a golf session. - Virtual meetings "Kavos klubas" (Eng. "Coffee Club") and discussions on various aspects of Lithuanian culture for individuals of Lithuanian descent living in the UK and other countries, including the US and Canada, attracting around 20 individuals to each event. - A series of live trivia quiz games "Auksinis protas" (Eng. "Golden Mind" in English) that attracted up to 15 participants in each game. - Parallel runs of annual global Lithuanian running challenge "5 uz Lietuva" (Eng. "5 for Lithuania")) in London and Edinburgh. These runs were accompanied by parallel simultaneous picnics in London and Edinburgh, attracting around 15 individuals.

Consultation with stakeholders

As per Constitution of UKLYA, 16-35 year old individuals of Lithuanian descent living in the UK are considered stakeholders of UKLYA. From 1 December 2022 to 30 November 2023, UKLYA actively tried consulting young individuals of Lithuanian descent in the UK about their needs and how best to translate that to activities that would benefit community in the UK. This was implemented through online polls, direct discussions with representatives of Lithuanian student communities or independent individuals attending UKLYA events, also, direct message exchanges via UKLYA social media channels.

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
28 August 2024

And signed on behalf of the board by:
Name: Egle Adomaityte
Status: Director