TRASH GXNG ACADEMY C.I.C.

Company limited by guarantee

Company Registration Number:
14574154 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 6 January 2023

End date: 31 January 2024

TRASH GXNG ACADEMY C.I.C.

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

TRASH GXNG ACADEMY C.I.C.

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

Principal activities of the company

Educational support services



Directors

The director shown below has held office during the whole of the period from
6 January 2023 to 31 January 2024

Emmanuel Adesina


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
4 October 2024

And signed on behalf of the board by:
Name: Emmanuel Adesina
Status: Director

TRASH GXNG ACADEMY C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2024

13 months to 31 January 2024


£
Turnover: 8,600
Cost of sales: 0
Gross profit(or loss): 8,600
Distribution costs: 0
Administrative expenses: ( 1,441 )
Other operating income: 0
Operating profit(or loss): 7,159
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 7,159
Tax: ( 1,360 )
Profit(or loss) for the financial year: 5,799

TRASH GXNG ACADEMY C.I.C.

Balance sheet

As at 31 January 2024

Notes 13 months to 31 January 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 8,487
Investments:   0
Total current assets: 8,487
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 2,688 )
Net current assets (liabilities): 5,799
Total assets less current liabilities: 5,799
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 5,799
Members' funds
Profit and loss account: 5,799
Total members' funds: 5,799

The notes form part of these financial statements

TRASH GXNG ACADEMY C.I.C.

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 4 October 2024
and signed on behalf of the board by:

Name: Emmanuel Adesina
Status: Director

The notes form part of these financial statements

TRASH GXNG ACADEMY C.I.C.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

TRASH GXNG ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    13 months to 31 January 2024
    Average number of employees during the period 3

TRASH GXNG ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Creditors: amounts falling due within one year note

13 months to 31 January 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 1,360
Accruals and deferred income 600
Other creditors 728
Total 2,688

COMMUNITY INTEREST ANNUAL REPORT

TRASH GXNG ACADEMY C.I.C.

Company Number: 14574154 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Trash Gxng Academy C.I.C. runs creative programmes for underrepresented young people aged 16-25. This is delivered through face-to-face workshops, drop-in sessions and collaborative projects. We support those from disadvantaged backgrounds, lower socio-economic backgrounds and often those who are often at risk of exclusion. In our first year for the period 2023-2024, we have: Provided working opportunities by on-boarding x4 internships for young people by partnering with the university of Birmingham for a 20-day placement with us; directly training and giving skills to underrepresented communities seeking core employability skills. Supported x2 young people from BAME community to develop a 3D visualisation project – we created the live brief for them to respond to and support their evidenced work within their digital portfolio We secured x2 funders (local authority and a charity housing association) in principle to deliver our flagship creative programme IYCP (Identify You Creative Programme) for 2024 delivery – this will enable us to support up to x30 NEET (Not in Education, Employment or Training) young people from underrepresented groups to; advance education and training for the core soft skills required to transition into paid work successfully and exposure to industry experts. Through this work we will support the co-creation of a youth-created streetwear design that represents their story and lived experiences through our creative academy programme. Secured a planned visit in collaboration with the Design Museum in early 2024 to bring up to x10 underrepresented young people to experience the creativity of design through the exhibition “Rebel”.

Consultation with stakeholders

Our stakeholders are both the young people we serve within our local communities in London and our Advisory Board who support and challenge our organisation to do what is best for our community. Our young people have been consulted through direct surveys after engaging in any of our workshop or partnership activities. This ensures we can receive direct feedback on what opportunities are most relevant for our young people and how best we can improve our delivery. Through this research we are aware that our youth need more evidence of their work to support their future job applications. We have taken this feedback directly on board by ensuring our IYCP programme emphasises the ability for our youth to develop a digital portfolio to evidence their work. Our Advisory board is made up of working professionals, ranging from an Assistant Headteacher at a local secondary school, a Head of HR in a UK bank and other experienced professionals supporting our vision. We are also fortunate to have x2 young advisors, who are young people from our local community who can input and shape the direction of our organisation. They have been consulted through our quarterly advisory board meetings, where we receive direct feedback on our planned projects and proposed direction. As an organisation, we have directly implemented the recommendations to apply for relevant local authority funding to support our work with NEET young people. We have held x3 advisory board meetings in 2023 to support our stakeholder consultations.

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
4 October 2024

And signed on behalf of the board by:
Name: Emmanuel Adesina
Status: Director