HUDL CIC

Company limited by guarantee

Company Registration Number:
10588393 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

HUDL CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

HUDL CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 220,709 202,513
Cost of sales: ( 128,972 ) ( 85,827 )
Gross profit(or loss): 91,737 116,686
Administrative expenses: ( 73,400 ) ( 54,540 )
Operating profit(or loss): 18,337 62,146
Interest receivable and similar income: 414
Interest payable and similar charges: ( 42 )
Profit(or loss) before tax: 18,751 62,104
Tax: ( 3,563 ) ( 12,519 )
Profit(or loss) for the financial year: 15,188 49,585

HUDL CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 177
Cash at bank and in hand: 85,952 89,178
Total current assets: 86,129 89,178
Creditors: amounts falling due within one year: 4 ( 17,273 ) ( 35,509 )
Net current assets (liabilities): 68,856 53,669
Total assets less current liabilities: 68,856 53,669
Total net assets (liabilities): 68,856 53,669
Members' funds
Profit and loss account: 68,856 53,669
Total members' funds: 68,856 53,669

The notes form part of these financial statements

HUDL 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 17 September 2024
and signed on behalf of the board by:

Name: Morenikeji Okeowo
Status: Director

The notes form part of these financial statements

HUDL 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

HUDL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 4

HUDL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Debtors

2024 2023
£ £
Other debtors 177
Total 177

HUDL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 3,563 11,800
Accruals and deferred income 1,177 4,176
Other creditors 12,533 19,533
Total 17,273 35,509

COMMUNITY INTEREST ANNUAL REPORT

HUDL CIC

Company Number: 10588393 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

HUDL collaborates with numerous UK trusts and foundations to recruit, train, and oversee cohorts of young individuals, empowering them to directly shape the decisions regarding who, what, and how funding is allocated to projects and organisations. These young people, aged 16 to 25, have actively participated in the co-design, evaluation, and allocation of funding totalling over £12 million to organisations dedicated to serving disadvantaged and underserved young populations across the United Kingdom. In addition, HUDL offers a comprehensive range of training workshops, retreats, mentoring, and coaching programs tailored to staff and young individuals across various sectors and organisations.

Consultation with stakeholders

HUDL's primary stakeholders are mainly the service beneficiaries, predominantly young people and organisations seeking to partner with young people to design and deliver services tailored to their needs in the UK. At HUDL, young people play an integral role throughout our operation. They actively contribute to shaping program proposals, influencing the recruitment process, designing the service delivery framework, participating in the monitoring and evaluation processes, and coordinating the overall program activities. HUDL offers young people the flexibility to engage at a level that aligns with their preferences, and we provide training and support to help them participate in programmes and events that interest them and offer valuable developmental opportunities. Our approach ensures that young people have a genuine and meaningful voice in our initiatives and those of our clients. We empower young people to actively shape the programmes that directly impact them while fostering their personal growth and development.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £33,750. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for the director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Morenikeji Okeowo
Status: Director