DIVERSITY-TALENT COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
14686971 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 24 February 2023

End date: 31 July 2024

DIVERSITY-TALENT COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

DIVERSITY-TALENT COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2024

Notes 17 months to 31 July 2024


£
Current assets
Cash at bank and in hand: 16,680
Total current assets: 16,680
Creditors: amounts falling due within one year: 3 ( 32,079 )
Net current assets (liabilities): (15,399)
Total assets less current liabilities: (15,399)
Total net assets (liabilities): (15,399)
Members' funds
Profit and loss account: (15,399)
Total members' funds: ( 15,399)

The notes form part of these financial statements

DIVERSITY-TALENT COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 July 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 5 October 2024
and signed on behalf of the board by:

Name: Bhavna Somaiya-Plummer
Status: Director

The notes form part of these financial statements

DIVERSITY-TALENT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 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 plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

DIVERSITY-TALENT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    17 months to 31 July 2024
    Average number of employees during the period 0

DIVERSITY-TALENT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

17 months to 31 July 2024
£
Accruals and deferred income 250
Other creditors 31,829
Total 32,079

COMMUNITY INTEREST ANNUAL REPORT

DIVERSITY-TALENT COMMUNITY INTEREST COMPANY

Company Number: 14686971 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

DiversITy-talent is a Community Impact Company (CIC) dedicated to empowering underrepresented groups to pursue careers in business and technology. Over the past financial year, we have impacted 55 children by providing them with valuable digital skills and a clearer understanding of the careers available in Business and Tech. We also gave back £2,000 in awards, which were used to fund tech-related assets and experiences, further enhancing their learning and development. This initiative has not only boosted the confidence of the participants but also provided them with tangible resources to support their growth in the digital world. Our KPI report and website of this year’s activities, provides further details on these efforts and outcomes. https://diversity-talent.co.uk/kpi-reporting/

Consultation with stakeholders

Our stakeholders include the CIC board, sponsors, program participants, and community partners. We hold quarterly board updates with our CIC board to review progress, assess our impact, and ensure alignment with our mission. Additionally, we have established an advisory board for our sponsors, providing them with firsthand insights into the impact of their funding. This allows for open communication and ongoing consultation to ensure their contributions are being used effectively and are making a measurable difference. Feedback from these consultations has been invaluable in shaping our programs and ensuring they continue to meet the needs of the community and our stakeholders. If adjustments are needed based on this feedback, we take immediate action to improve the outcomes and effectiveness of our initiatives.

Directors' remuneration

Bhavna Somaiya Plummer and Jeremy both received £3,855.40 in total for the time spent on DiversITy-talent and costs incurred as per the accounts.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Bhavna Somaiya-Plummer
Status: Director