BELINA GROW CIC

Company limited by guarantee

Company Registration Number:
14589536 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 12 January 2023

End date: 31 January 2024

BELINA GROW 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

BELINA GROW 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

Principal activities of the company

The principal activity of the CIC during the financial period was to develop projects that engage and empower women who are currently outside the labour market by conducting research and providing support that will help them transition into work, education, and training.

Additional information

Statement of directors' responsibilities The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to : - select suitable accounting policies and then apply them consistently - make judgements and accounting estimates that are reasonable and prudent - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.



Directors

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

Laura Ann Dewar
Mercedes Grant
Elizabeth-Anne Sewell
Saeema Aslam Yusuf


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
30 September 2024

And signed on behalf of the board by:
Name: Elizabeth-Anne Sewell
Status: Director

BELINA GROW CIC

Profit And Loss Account

for the Period Ended 31 January 2024

13 months to 31 January 2024


£
Turnover: 60,742
Cost of sales: 0
Gross profit(or loss): 60,742
Distribution costs: 0
Administrative expenses: ( 50,822 )
Other operating income: 0
Operating profit(or loss): 9,920
Profit(or loss) before tax: 9,920
Tax: ( 1,885 )
Profit(or loss) for the financial year: 8,035

BELINA GROW CIC

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: 3 53,469
Cash at bank and in hand: 63,618
Investments:   0
Total current assets: 117,087
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 4 ( 109,052 )
Net current assets (liabilities): 8,035
Total assets less current liabilities: 8,035
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 8,035
Members' funds
Profit and loss account: 8,035
Total members' funds: 8,035

The notes form part of these financial statements

BELINA GROW 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 30 September 2024
and signed on behalf of the board by:

Name: Elizabeth-Anne Sewell
Status: Director

The notes form part of these financial statements

BELINA GROW 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 comprises the invoiced value of goods and services supplied by the company, net of trade discounts.

    Other accounting policies

    Government grants Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred. Taxation Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted

BELINA GROW CIC

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 6

    Directors fees Saeema Aslam Yusuf was paid £2,750 for services provided the year. During the year Mercedes Grant and Laura Ann Dewar received fees of £10,050 and £4,000 respectively for services provided during the year. During the year Belina Grow CIC received fees of £5,000 from Belina Consulting Limited, a company controlled by Elizabeth Sewell. During the year Belina Grow CIC received financial assistance from Belina Consulting Limited for the payment of business overheads. Belina Grow CIC was charged a service fee of £3,000 by Belina Consulting Limited for the use of its support services and at the end of the year, £49,621 was owed to Belina Consulting Limited.

BELINA GROW CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Debtors

13 months to 31 January 2024
£
Trade debtors 53,469
Prepayments and accrued income 0
Other debtors 0
Total 53,469
Debtors due after more than one year: 0

BELINA GROW CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. 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 1,885
Accruals and deferred income 57,546
Other creditors 49,621
Total 109,052

COMMUNITY INTEREST ANNUAL REPORT

BELINA GROW CIC

Company Number: 14589536 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Belina Grow CIC is dedicated to developing projects that engage and empower women who are currently outside the labour market. Starting in January 2023 we have managed to secure a range of grants which have assisted women in work, some of our key highlights were: Jobs 22 Community Investment Fund – we supported 110 women furthest from work in Leicester to get ready for work, as well as providing support to local organisations to develop the programme. Skills for Londoners programme - we supported 201 women to access accredited training and developed multiple partnership programmes across the sector. Heathrow Community Trust – we supported 40 women in the community, through various activities to reduce isolation and increase community cohesion.

Consultation with stakeholders

Our stakeholders are the women we support and our partners. We work closely with the women we support, and have many opportunities to consult with them and use this information to influence our own work and the work of other research and policy organisations. Our research programme provides us with detailed quantitative and qualitative information gained by surveys, one to one interviews and group discussions. This has allowed us to interview partners as well. Every week we interview one person on the programme and share this with everyone – we find out what works for them and where they want to be We also make it a point to aske people in person at our one to ones, through our feedback at events and on our app where everyone can comment.

Directors' remuneration

We have provided this in our accounts.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 September 2024

And signed on behalf of the board by:
Name: Elizabeth-Anne Sewell
Status: Director