ELEUTHERA INTERNATIONAL CIC

Company limited by guarantee

Company Registration Number:
12615885 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

ELEUTHERA INTERNATIONAL CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

ELEUTHERA INTERNATIONAL CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 14,891 6,522
Cost of sales: ( 2,606 ) ( 2,350 )
Gross profit(or loss): 12,285 4,172
Administrative expenses: ( 14,565 ) ( 8,955 )
Other operating income: 9,670 3,967
Operating profit(or loss): 7,390 (816)
Profit(or loss) before tax: 7,390 (816)
Tax: ( 1,249 )
Profit(or loss) for the financial year: 6,141 (816)

ELEUTHERA INTERNATIONAL CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 3,736 1,811
Cash at bank and in hand: 18,273 8,209
Total current assets: 22,009 10,020
Creditors: amounts falling due within one year: 4 ( 12,082 ) ( 6,234 )
Net current assets (liabilities): 9,927 3,786
Total assets less current liabilities: 9,927 3,786
Total net assets (liabilities): 9,927 3,786
Members' funds
Profit and loss account: 9,927 3,786
Total members' funds: 9,927 3,786

The notes form part of these financial statements

ELEUTHERA INTERNATIONAL CIC

Balance sheet statements

For the year ending 31 May 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 3 January 2025
and signed on behalf of the board by:

Name: Omowonuola Adefala
Status: Director

The notes form part of these financial statements

ELEUTHERA INTERNATIONAL CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

    Other accounting policies

    Incoming Resources from Non-Exchange Transactions Non-exchange transactions include, but are not limited to, donations (of cash, goods, and services) and legacies. Transactions that do not impose specified future performance-related conditions are recognised in income when the resources are received or receivable. Transactions that do impose specified future performance-related conditions are recognised in income only when the performance-related conditions are satisfied. When resources are received or receivable before the performance-related conditions are satisfied, a liability is recognised.

ELEUTHERA INTERNATIONAL CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

ELEUTHERA INTERNATIONAL CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

2024 2023
£ £
Prepayments and accrued income 3,736 1,811
Total 3,736 1,811

ELEUTHERA INTERNATIONAL CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 1,249
Accruals and deferred income 10,814 6,215
Other creditors 19 19
Total 12,082 6,234

COMMUNITY INTEREST ANNUAL REPORT

ELEUTHERA INTERNATIONAL CIC

Company Number: 12615885 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The company runs a mentorship scheme which includes one-to-one coaching and group development sessions. The company runs development and training which includes the provisions of workshops from field experts in areas such as career, business, finance, faith, relationships and health. This has benefited the community in the follow ways: (i) mentees have been able to develop personally and work on their weaknesses and strengths; and (ii) workshop attendees have been able to receive useful resources to develop holistically - mentally, emotionally, physically and spiritually.

Consultation with stakeholders

Eleuthera International has developed strategic partnerships during the year to further its aims. One of its partners, His Hands on Earth, is a Christian organisation that supports the missions of other ministries through financial partnerships. By providing funding, they help these organisations fulfil their God-given visions, expand their outreach, and impact their communities meaningfully. It should be noted that His Hands on Earth has no influence on the decision-making or activities of Eleuthera International CIC.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 January 2025

And signed on behalf of the board by:
Name: Omowonuola Adefala
Status: Director