ASPIRING DREAMS CIC

Company limited by guarantee

Company Registration Number:
14530102 (England and Wales)

Unaudited statutory accounts for the year ended 10 January 2024

Period of accounts

Start date: 8 December 2022

End date: 10 January 2024

ASPIRING DREAMS CIC

Contents of the Financial Statements

for the Period Ended 10 January 2024

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

ASPIRING DREAMS CIC

Profit And Loss Account

for the Period Ended 10 January 2024

13 months to 10 January 2024


£
Turnover: 7,804
Gross profit(or loss): 7,804
Administrative expenses: ( 5,780 )
Operating profit(or loss): 2,024
Profit(or loss) before tax: 2,024
Profit(or loss) for the financial year: 2,024

ASPIRING DREAMS CIC

Balance sheet

As at 10 January 2024

Notes 13 months to 10 January 2024


£
Current assets
Cash at bank and in hand: 7,310
Total current assets: 7,310
Creditors: amounts falling due within one year: 3 ( 5,286 )
Net current assets (liabilities): 2,024
Total assets less current liabilities: 2,024
Total net assets (liabilities): 2,024
Members' funds
Profit and loss account: 2,024
Total members' funds: 2,024

The notes form part of these financial statements

ASPIRING DREAMS CIC

Balance sheet statements

For the year ending 10 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 4 October 2024
and signed on behalf of the board by:

Name: Arooba Hameed
Status: Director

The notes form part of these financial statements

ASPIRING DREAMS CIC

Notes to the Financial Statements

for the Period Ended 10 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

ASPIRING DREAMS CIC

Notes to the Financial Statements

for the Period Ended 10 January 2024

  • 2. Employees

    13 months to 10 January 2024
    Average number of employees during the period 2

ASPIRING DREAMS CIC

Notes to the Financial Statements

for the Period Ended 10 January 2024

3. Creditors: amounts falling due within one year note

13 months to 10 January 2024
£
Accruals and deferred income 2,519
Other creditors 2,767
Total 5,286

COMMUNITY INTEREST ANNUAL REPORT

ASPIRING DREAMS CIC

Company Number: 14530102 (England and Wales)

Year Ending: 10 January 2024

Company activities and impact

The company was registered in 2022. From 2022 till 2023 no work was undertaken. However some small work like trainings, were delivered organisations like STAR to start off the work. Voluntarily worked with individuals within the community to help them navigate the academic demographics and did campaigns to get money to start projects, this included getting grants and crowdfunds. These were all done with the aim to have the accounts for the year of 2024-2025. Further work included Spoke to group of individuals from displaced backgrounds to get back into higher education to be a part of our 2024 cohort. Spoke to woman directly within the organisations to find out how we can help them develop their careers by supporting them in education Voluntarily worked with individuals to help them pave path to the university Helped the application process in UCAS and in scholarship process. 7 individuals have been helped in the community to go to higher education and 3 have been helped to further education. Read statements and prepared the documents for the community with the participants.

Consultation with stakeholders

We have added the stakeholders to work with us to add more value to the delivery of the projects. We added the alumni to our trustee board and to our training board to deliver the sessions within the community so they can learn from those who have lived experience. We have asked for the completion of surveys from the cohort to know what went good and what could have been changed to improve the delivery.

Directors' remuneration

Director's had remuneration of £1923 to cover expenses for services provided in the period to 10th January 2024.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
4 October 2024

And signed on behalf of the board by:
Name: Arooba Hameed
Status: Director