E50K C.I.C.

Company limited by guarantee

Company Registration Number:
13408011 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

E50K C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

E50K C.I.C.

Directors' report period ended 31 May 2024

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

Directors

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

Mr Richard Dennis
Elizabeth Newman-Earl
Ms Emily Davies


The director shown below has held office during the period of
1 June 2023 to 16 May 2024

Mr Thomas Silvey


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
11 September 2024

And signed on behalf of the board by:
Name: Mr Richard Dennis
Status: Director

E50K C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 100 100
Total fixed assets: 100 100
Current assets
Debtors: 4 2,704 2,580
Cash at bank and in hand: 35,601 191
Total current assets: 38,305 2,771
Creditors: amounts falling due within one year: 5 ( 27,050 ) ( 27,706 )
Net current assets (liabilities): 11,255 (24,935)
Total assets less current liabilities: 11,355 ( 24,835)
Total net assets (liabilities): 11,355 (24,835)
Members' funds
Profit and loss account: 11,355 ( 24,835)
Total members' funds: 11,355 (24,835)

The notes form part of these financial statements

E50K C.I.C.

Balance sheet statements

For the year ending 31 May 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 11 September 2024
and signed on behalf of the board by:

Name: Mr Richard Dennis
Status: Director

The notes form part of these financial statements

E50K C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 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 is reduced for estimated customer returns, rebates and other similar allowances.

    Other accounting policies

    Basis of Preparation of Financial Statements Going Concern Disclosure Taxation Preparation of Consilidated Financial Statements

E50K C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 8 3

E50K C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Fixed assets investments note

Cost £100 Unlisted investments represent an investment in 100% of the issued share capital of e50k Strategic Advisory Limited.

E50K C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Other debtors 2,704 2,580
Total 2,704 2,580

E50K C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 8,219
Accruals and deferred income 26,750 1,700
Other creditors 300 17,787
Total 27,050 27,706

COMMUNITY INTEREST ANNUAL REPORT

E50K C.I.C.

Company Number: 13408011 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Providing essential employability skills development to defence community members and the local civilian community through activities and training at our community projects. Defence spouses are recognised as facing significant challenges to employment. By providing employability skills to this community, we are increasing future employment prospects. Providing opportunities at our community projects to decrease social isolation and improve health and wellbeing amongst the defence and local civilian communities. The defence community is recognised as facing significant problems with social isolation, physical and mental health and wellbeing. We provide opportunities for social interaction through events, volunteer days and directly going out into the community. Our outdoor site provides multiple opportunities for physical activity and gardening. Being outdoors is recognised as being incredibly beneficial for mental health. Providing employment and volunteering opportunities to the defence and local civilian communities. By providing employment we are supporting those furthest from the workforce with flexible employment during a cost-of-living crisis. By providing volunteering opportunities we are instilling a wide range of skills which can then be used to go on to further employment. By creating opportunities for both the defence and local civilian communities to work together we are breaking down barriers and creating a welcoming and supportive community with shared goal and vision.

Consultation with stakeholders

Defence community: This encompasses our beneficiaries, our volunteers, our employees and our community. We interact regularly with the defence community, both local to our project in Catterick Garrison, UK wide and those stationed worldwide. All employees of e50K are also community members. Activities, events and training are all done with consultation with the defence community

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
23 September 2024

And signed on behalf of the board by:
Name: Elizabeth Newman-Earl
Status: Director