for the Period Ended 31 January 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 January 2024
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
6 January 2023
to
31 January 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
13 months to 31 January 2024 | ||
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£ |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
(
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 13 months to 31 January 2024 | ||
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£ |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 3 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 January 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 January 2024
13 months to 31 January 2024 | ||
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Average number of employees during the period |
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for the Period Ended 31 January 2024
13 months to 31 January 2024 | ||
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£ | ||
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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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”.
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.
No remuneration was received
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