GIVE YOUR BEST C.I.C.

Company limited by guarantee

Company Registration Number:
12977907 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

GIVE YOUR BEST C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

GIVE YOUR BEST C.I.C.

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Directors

The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023

Soledad Escobar
Hannah Louise Fathers
Basma Medhat Mohamed Kamel
Rebecca Rae Scmidt


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
28 October 2024

And signed on behalf of the board by:
Name: Soledad Escobar
Status: Director

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Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 53,381 50,352
Cost of sales: ( 905 ) ( 7,391 )
Gross profit(or loss): 52,476 42,961
Administrative expenses: ( 50,398 ) ( 35,893 )
Operating profit(or loss): 2,078 7,068
Interest payable and similar charges: ( 8 )
Profit(or loss) before tax: 2,070 7,068
Profit(or loss) for the financial year: 2,070 7,068

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Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 15,009
Cash at bank and in hand: 30,194 19,063
Total current assets: 45,203 19,063
Creditors: amounts falling due within one year: 4 ( 32,013 ) ( 6,175 )
Net current assets (liabilities): 13,190 12,888
Total assets less current liabilities: 13,190 12,888
Total net assets (liabilities): 13,190 12,888
Members' funds
Profit and loss account: 13,190 12,888
Total members' funds: 13,190 12,888

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 October 2023 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 28 October 2024
and signed on behalf of the board by:

Name: Soledad Escobar
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 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 is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Turnover comprises the fair value of consideration received and receivable exclusive of value added tax and after discounts and rebates. Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measured as the present value of all future receipts using the imputed rate of interest. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Turnover from the provision of services is recognised in the accounting period in which the services are rendered, and the outcome of the contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

    Other accounting policies

    Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively. (i) Current tax Current tax is calculated on the profits of the period. Current tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date. (ii) Deferred tax Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is provided in full on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realised, or the deferred tax liability is settled. Deferred tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realised, or the deferred tax liability is settled. Deferred tax is recognised in the profit and loss account or other comprehensive income depending on where the revaluation was initially posted. Deferred tax liabilities are included within provisions and liabilities in the balance sheet. Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilised. Current or deferred taxation assets and liabilities are not discounted.

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Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 0

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Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Debtors

2023 2022
£ £
Trade debtors 15,000
Other debtors 9
Total 15,009
Debtors due after more than one year: 0 0

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Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 426
Accruals and deferred income 31,587 6,108
Other creditors 67
Total 32,013 6,175

COMMUNITY INTEREST ANNUAL REPORT

GIVE YOUR BEST C.I.C.

Company Number: 12977907 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Give Your Best offers the first online catalogue of donated clothing where women who are refugees, seeking asylum, destitute, victims of trafficking or have NRPF can shop for free. It is an innovative solution to return agency, empowerment and connection to women regardless of their immigration status or financial circumstances, to shop and wear clothes with the dignity they deserve. When we initially launched Give Your Best, our goal was to return choice to women who had very little, but since then, what we have achieved has amassed to so much more than that. By innovating the way people donate clothes, by creating a bespoke and first of its kind online platform, Give Your Best has enabled over 3500 refugee women and children in the UK to ‘shop’ clothes, which are gifted by the public, for free. Over 35,000 items of clothing have been donated by members of the public. Our model fosters a sense of community between the woman receiving the clothes and the one gifting them, as we ask people to send items directly to the recipient, albeit via our volunteers for safeguarding reasons. This not only reduces donation waste (as each item sent is selected by someone who wants it) but also helps to forge a sense of connection and encourage people to gift ethically, with impact to those who need it most. The organisation is run entirely by a team of 60+ volunteers (including women from the refugee community), and we have a wider network of 300+ volunteers across the UK who collect clothes on our behalf. We also partner with fashion brands and retailers to redistribute any unsold stock they have via our free shop.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Directors remuneration of £6,160 has been paid in the year

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Soledad Escobar
Status: Director