BLOOM COFFEE ACADEMY CIC

Company limited by guarantee

Company Registration Number:
13144284 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

BLOOM COFFEE ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

BLOOM COFFEE ACADEMY CIC

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Mr Edward Walker
Mr Graeme Hodge
Mr Duncan Parker


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
2 October 2024

And signed on behalf of the board by:
Name: Mr Edward Walker
Status: Director

BLOOM COFFEE ACADEMY CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 26,278 11,189
Cost of sales: ( 1,649 ) ( 679 )
Gross profit(or loss): 24,629 10,510
Administrative expenses: ( 26,936 ) ( 11,050 )
Other operating income: 2,800 1,014
Operating profit(or loss): 493 474
Profit(or loss) before tax: 493 474
Profit(or loss) for the financial year: 493 474

BLOOM COFFEE ACADEMY CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 2,067 781
Total current assets: 2,067 781
Creditors: amounts falling due within one year: 3 ( 1,551 ) ( 758 )
Net current assets (liabilities): 516 23
Total assets less current liabilities: 516 23
Creditors: amounts falling due after more than one year: 4 ( 10,000 ) ( 10,000 )
Total net assets (liabilities): (9,484) (9,977)
Members' funds
Profit and loss account: (9,484) ( 9,977)
Total members' funds: ( 9,484) (9,977)

The notes form part of these financial statements

BLOOM COFFEE ACADEMY CIC

Balance sheet statements

For the year ending 31 January 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.

This report was approved by the board of directors on 2 October 2024
and signed on behalf of the board by:

Name: Mr Edward Walker
Status: Director

The notes form part of these financial statements

BLOOM COFFEE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 January 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 the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

BLOOM COFFEE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

BLOOM COFFEE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1
Accruals and deferred income 1,175 758
Other creditors 375
Total 1,551 758

BLOOM COFFEE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 10,000 10,000
Total 10,000 10,000

COMMUNITY INTEREST ANNUAL REPORT

BLOOM COFFEE ACADEMY CIC

Company Number: 13144284 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

The Bloom Coffee Academy CIC was set up to train those affected by homelessness to become qualified baristas. The time frame is not fixed as we understand people absorb at different rates, and we prefer to work at the candidate's speed. Once trained, they receive two industry-recognised SCA qualifications to help them find onward employment. We have successfully trained 36 people in the academy since we began. Our candidates have been referred to us through various charity partners and have not been solely affected by homelessness, but have other challenges and blockers in getting into employment.

Consultation with stakeholders

Our stakeholders are the candidates that are referred to us from our charity partners. Before starting the course, we meet with the individuals to assess their situation and ensure they want to do the course and can commit to attending weekly. We consult throughout the training to ensure they are learning and developing, the speed of training is right for them, and that they are enjoying it. There are tests at various stages where we are able to monitor their progress and we use this time to check in and support them. At the end of the course, we verbally ask how they found the course, and we use this response to adapt and plan for the future.

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
2 October 2024

And signed on behalf of the board by:
Name: Mr Edward Walker
Status: Director