BOLD ST3P C.I.C.

Company limited by guarantee

Company Registration Number:
14530071 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

BOLD ST3P C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

BOLD ST3P C.I.C.

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

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

SHADRACKS, Nkoyo Nyong
ADEKUGBE, Margaret
OLOYEDE, Kuburat Adepeju


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
6 January 2025

And signed on behalf of the board by:
Name: SHADRACKS, Nkoyo Nyong
Status: Director

BOLD ST3P C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2024

2024 13 months to 31 December 2023


£

£
Turnover: 310 1,757
Gross profit(or loss): 310 1,757
Administrative expenses: ( 480 ) ( 1,982 )
Operating profit(or loss): (170) (225)
Profit(or loss) before tax: (170) (225)
Profit(or loss) for the financial year: (170) (225)

BOLD ST3P C.I.C.

Balance sheet

As at 31 December 2024

Notes 2024 13 months to 31 December 2023


£

£
Current assets
Cash at bank and in hand: 8
Total current assets: 8
Creditors: amounts falling due within one year: 3 ( 403 ) ( 225 )
Net current assets (liabilities): (395) (225)
Total assets less current liabilities: (395) ( 225)
Creditors: amounts falling due after more than one year:   0
Total net assets (liabilities): (395) (225)
Members' funds
Profit and loss account: (395) ( 225)
Total members' funds: ( 395) (225)

The notes form part of these financial statements

BOLD ST3P C.I.C.

Balance sheet statements

For the year ending 31 December 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 6 January 2025
and signed on behalf of the board by:

Name: SHADRACKS, Nkoyo Nyong
Status: Director

The notes form part of these financial statements

BOLD ST3P C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 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

BOLD ST3P C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 13 months to 31 December 2023
    Average number of employees during the period 0 0

BOLD ST3P C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Creditors: amounts falling due within one year note

2024 13 months to 31 December 2023
£ £
Trade creditors 200 100
Other creditors 203 125
Total 403 225

COMMUNITY INTEREST ANNUAL REPORT

BOLD ST3P C.I.C.

Company Number: 14530071 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

Bold St3p is dedicated to fostering community well-being through a variety of impactful activities. Between January 1, 2024, to December 31, 2024, the company has made significant contributions to the community in the following ways: Skill Development and Education Bold St3p, the company helped participants enhance their digital and language skills. This initiative supported individuals seeking employment to improve their digital skills skill. Employment Support Through the Job Club, Bold St3p provided guidance on CV writing, job applications, and interview skills. This service assisted over 50 individuals in finding employment or advancing their careers. Local Economic Development Bold St3p prioritized collaboration with small-scale local suppliers, enabling 10 local producers to market their products through its platforms. This not only boosted the local economy but also reduced "product miles" associated with imported goods. Community Cohesion Bold St3p hosted community events, including workshops and cultural fairs, which brought together residents from diverse backgrounds. These events fostered social connections and celebrated the community’s cultural diversity. Volunteering and Part-Time Employment Opportunities The company engaged local residents as volunteers, providing them with meaningful work and experience that could lead to further opportunities. By addressing educational needs, improving employment prospects, supporting local businesses, and fostering a sense of community, Bold St3p has positively impacted the lives of numerous residents in 2024.

Consultation with stakeholders

Bold St3p values active engagement with stakeholders to ensure its activities meet the community's needs. The company’s stakeholders include local residents, job seekers, small-scale producers, and families benefiting from its programs and services. During the financial year 2024, Bold St3p conducted consultations with stakeholders in the following ways: Community Surveys Bold St3p distributed surveys to over 500 local residents and program participants, collecting feedback on the types of services, classes, and activities they found most beneficial. The surveys included questions about skill development needs, preferred activities for children, and barriers to employment. Job Club Feedback Participants in the Job Club were invited to share their experiences through post-session evaluations. This feedback highlighted areas where additional resources or workshops were needed, such as digital literacy and confidence-building sessions. Community Suggestions Box Bold St3p maintained a “suggestions box” online, allowing stakeholders to propose ideas or highlight needs at their convenience. Resident Consultations Directors and staff conducted informal consultations with residents at community events, where they gathered anecdotal insights into the community’s evolving needs and preferences. These consultation efforts ensured that Bold St3p’s initiatives were closely aligned with stakeholder expectations and contributed to the company’s success in serving the community effectively in 2024.

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
6 January 2025

And signed on behalf of the board by:
Name: SHADRACKS, Nkoyo Nyong
Status: Director