ANCESTRY TALKS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
11891091 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

ANCESTRY TALKS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ANCESTRY TALKS COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 5 175
Total current assets: 5 175
Creditors: amounts falling due within one year: 3 ( 465 ) ( 465 )
Net current assets (liabilities): (460) (290)
Total assets less current liabilities: (460) ( 290)
Total net assets (liabilities): (460) (290)
Members' funds
Profit and loss account: (460) ( 290)
Total members' funds: ( 460) (290)

The notes form part of these financial statements

ANCESTRY TALKS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 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 10 September 2024
and signed on behalf of the board by:

Name: MR PAUL CROOKS
Status: Director

The notes form part of these financial statements

ANCESTRY TALKS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 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

    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 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings, tools and equipment: 25% on reducing balance

    Other accounting policies

    Basis of preparation: The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) Debtors: Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors: Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation: A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions: Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

ANCESTRY TALKS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

ANCESTRY TALKS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 465 465
Total 465 465

COMMUNITY INTEREST ANNUAL REPORT

ANCESTRY TALKS COMMUNITY INTEREST COMPANY

Company Number: 11891091 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Ancestry Talks and Workshops: Our primary focus lies in organizing and delivering Ancestry Talks and Workshops tailored to the African Caribbean diaspora. These sessions delve into genealogical research, oral history, and cultural storytelling, offering participants an opportunity to explore and rediscover their heritage. Through these engaging events, we facilitate a deeper connection with ancestral roots, fostering a stronger sense of identity and community cohesion. Merchandising: In our pursuit of community enrichment, we have developed a line of merchandise that not only serves as a source of pride but also raises awareness about the Ancestry Talks brand and the valuable services we provide. Our merchandise includes culturally relevant items such as apparel, books, and educational materials, which not only commemorate heritage but also contribute to our sustainability as a CIC. Benefits to the Community: 1. Cultural Preservation: Ancestry Talks CIC is at the forefront of preserving the cultural heritage of the African Caribbean communities. Through workshops and talks, we ensure that the traditions, stories, and legacies of this vibrant community are documented and passed on to future generations. 2. Identity and Belonging: Our activities empower individuals to reconnect with their ancestral roots, fostering a sense of identity and belonging. This is particularly vital for the African Caribbean communities, as it strengthens their cultural identity in a diverse society. 3. Community Engagement: Ancestry Talks CIC promotes active community engagement by providing a platform for networking and collaboration among community-based organizations. This synergy helps build stronger, more resilient communities. 4. Education and Awareness: Through our merchandising efforts, we not only generate income to support our initiatives but also raise awareness about the importance of preserving and celebrating African Caribbean heritage. This, in turn, encourages others to get involved in similar endeavours. In conclusion, Ancestry Talks Community Interest Company is dedicated to fostering a stronger sense of community, cultural pride, and engagement among African Caribbean communities. Our activities and merchandise are designed to support these objectives while contributing to the wider societal enrichment. We remain committed to serving the community's best interests and maintaining transparency in our operations.

Consultation with stakeholders

Our key stakeholders encompass a diverse group of entities, primarily including: Local Authorities and Public Organizations: We maintain collaborative relationships with local authorities and public organizations that support our initiatives and share a common interest in community development and cultural preservation. Community and Voluntary Sector Organizations: Our engagement extends to community and voluntary sector organizations that serve as vital partners in our efforts to reach and engage with the African and Caribbean communities. African and Caribbean Communities: The core of our mission revolves around serving and benefiting African and Caribbean communities. Their active involvement and feedback are of paramount importance to us. Stakeholder Consultations: At Ancestry Talks CIC, we prioritize regular consultations and feedback mechanisms to ensure that our activities remain aligned with the needs and expectations of our stakeholders: Local Authorities and Public Organizations: We maintain open channels of communication with local authorities and public organizations through workshops, and collaborative planning sessions. These interactions allow us to understand their priorities and incorporate their input into our programs. Community and Voluntary Sector Organizations: We actively engage with community and voluntary sector organizations through partnerships and surveys. These interactions enable us to gather insights into their perspectives and tailor our services to better meet the needs of the communities they serve. African and Caribbean Communities: Our direct engagement with African and Caribbean communities is central to our mission. We leverage social media platforms and online surveys to reach a broader audience and encourage their participation in shaping our activities. Actions Taken in Response to Feedback: Feedback from our stakeholders is a cornerstone of our decision-making process. We have taken several actions in response to their valuable insights: Program Enhancements: Feedback from local authorities and public organizations has led to program enhancements that better align with community needs and government priorities. Tailored Workshops: Insights from community and voluntary sector organizations have allowed us to tailor our workshops and outreach efforts to better address specific challenges faced by these organizations.

Directors' remuneration

The total amount paid to the directors in respect of qualifying services was £2,295. 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
12 September 2024

And signed on behalf of the board by:
Name: MR PAUL CROOKS
Status: Director