LOCAL CHAMPIONS CIC

Company limited by guarantee

Company Registration Number:
13841670 (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

LOCAL CHAMPIONS CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

LOCAL CHAMPIONS CIC

Directors' report period ended 31 January 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Nikita Gicanda Vervelde
UKACHI NMEOMA OKWUONU, Jessica


The director shown below has held office during the period of
1 February 2023 to 16 March 2023

Fabricio MENDES


The director shown below has held office during the period of
17 January 2024 to 31 January 2024

Mafalda Sofia Vasconcelos SILVA


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
8 January 2025

And signed on behalf of the board by:
Name: Nikita Gicanda Vervelde
Status: Director

LOCAL CHAMPIONS CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 13 months to 31 January 2023


£

£
Turnover: 132 9,320
Cost of sales: ( 8,851 ) ( 970 )
Gross profit(or loss): (8,719) 8,350
Administrative expenses: ( 19,742 ) ( 14,971 )
Other operating income: 28,335 5,000
Operating profit(or loss): (126) (1,621)
Profit(or loss) before tax: (126) (1,621)
Profit(or loss) for the financial year: (126) (1,621)

LOCAL CHAMPIONS CIC

Balance sheet

As at 31 January 2024

Notes 2024 13 months to 31 January 2023


£

£
Current assets
Cash at bank and in hand: 1,400 146
Total current assets: 1,400 146
Creditors: amounts falling due within one year: 3 ( 3,147 ) ( 1,767 )
Net current assets (liabilities): (1,747) (1,621)
Total assets less current liabilities: (1,747) ( 1,621)
Total net assets (liabilities): (1,747) (1,621)
Members' funds
Profit and loss account: (1,747) ( 1,621)
Total members' funds: ( 1,747) (1,621)

The notes form part of these financial statements

LOCAL CHAMPIONS 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 8 January 2025
and signed on behalf of the board by:

Name: Nikita Gicanda Vervelde
Status: Director

The notes form part of these financial statements

LOCAL CHAMPIONS 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

    Turnover policy

    Turnover includes income from consultancy and studio rental. 'Other operating income' comprises of grants Profit for this period = excess of grant and sales income over expenses.

LOCAL CHAMPIONS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

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

LOCAL CHAMPIONS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Creditors: amounts falling due within one year note

2024 13 months to 31 January 2023
£ £
Accruals and deferred income 2,410 1,030
Other creditors 737 737
Total 3,147 1,767

LOCAL CHAMPIONS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Loans to directors

Name of director receiving advance or credit: Nikita Gicanda Vervelde
Description of the transaction:
Loans from directors
£
Balance at 31 January 2023 737
Advances or credits made:
Advances or credits repaid:
Balance at 31 January 2024 737

COMMUNITY INTEREST ANNUAL REPORT

LOCAL CHAMPIONS CIC

Company Number: 13841670 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Local Champions continues on its mission to create a more equitable world to create better futures for all. We are catalysts of change that help people and places fulfill potential. Specifically women and youth from global majority and low social income backgrounds through sport, technology and enterprise. We are governed by co design principles and our community engagement - looking to create and scale co-created solutions for improved equity. We have particular interest in inclusive economies and health/sport development ecosystems. From February 1st 2023 to January 31st 2024, we delivered on the below projects and held space for our community advocating for improved access, participation and knowledge spread for our communities with consulting clients. All projects are co designed, co created and delivered for community wealth and socio economic benefit in our geographies of east, south and north London. - We delivered our 2nd cohort of the Young Enterpreneurs Alliance (previously with Echo and Lendlease in East London). This time we delivered to 10 young entrerpeneurs on a 12 week journey from idea to pitch event, based in Lambeth in partnership with Echo and Peabody Communities This included 12 masterclasses, 12 get it done implementation sessions, peer learnign and networks, 121 mentorship and seed funding opportunities. - We became one of 12 organisations working together with funding from Propel, to deliver 121 mentorship to girls aged 10-25. We formed a consortium led by partner Active Communities, where Local Champions as a mentoring partner delivered 100 hours of mentoring to young people under 30 across Hackeny, Waltham Forest, Newham, Tower Hamlets, Wandsworth, Brixton, Camden, Lewisham and more. Covering young people’s interest in science, engineering, technology, matchs, photography, arts, business and more. We offered work placements, empowerment sessions, 121 coaching, career mentoring and sports mentoring. - We officially launched TRIUMPH, as one of the founding members. TRIUMPH is an independent action group of organisations and colleagues in the Voluntary Youth Sector. Since July 2020 have reviewed, surveyed and had much needed dialogue about the systemic inequities that still exist in our beloved sector – with a core focus on racial inequality. - We started work with A New Direction and the Good Growth Hub to research, co design, programme design and launch the Freelance Exchange Programme. Helping emerging sole traders turn their side hustle into their main hustle through peer to peer exchange, employability workshops, career coaching, enterprise support and masterclasses. Partners secured included FinancialTime,Flic,AnywaysCreative, Orrick,ACEand more. - We co created and designed the ‘Freelance Odyssey Digital Tool’ to support young created 18-30 in East London via design sprints. Our bespoke co-created assessment tool allows young freelancers to have a career development plan. Supporting organisations like the Good Growth Hub and Local Champions to assess their progress before and after capacity- building sessions. - We launched our MINDSHIFTs programme which include Intergenerational perception shifting experiences for community leaders, mentees and young people as well as employers and industry leaders seeking to build trust and understanding. This year we took an intergenerational and mixed gender group to go skydiving - looking to break glass ceilings and prove the sky is the limit with effective long term confidence impact and skills development. Since our conception, we have in two years indirectly supported over 17,000 local residents across 10 boroughs of London; delivered over 350 hours of expert- led training and masterclasses; and directly supported 608 entrepreneurs and young people. We have also helped raise or forward 500K to grassroot organisations, delivered over 178 hours of 121 mentoring/support, created over 45 ‘good work’ jobs as a result of our initiatives. From our work, 86% of people benefitting are of the global majority or non-white, 76% identify as women or non binary; 32% of participants are under the age of 30; 58% felt more connected to their community; 88% of participants improved their confidence; 93% of participants improved knowledge and know how; 85% of participants gained new tools and skills; we have a 92% satisfaction rate for our activities and 76% increased their skills and knowledge. Additionally, we: - Produced 8 events including networking , panel discussion and pitch events. - We created 15 resource toolkits for self-paced and lifelong learning - We collaborated with 35 local organisations or micro organisations,

Consultation with stakeholders

In each project, we consult and ensure each decision is that of collective design. We do so through our methodology, the core of our business and project process design: 1. We codesign:It all starts with listening. We engage with as diverse people groups as we can.We prioritise understanding the needs and the solutions already available within the locality. We call this process Co Design. 2. We employ locally:We invest in the local economy for economic growth, opportunity and inspiration by employing local enterprises, facilitators, partners to help move forward. 3. We lead with positivity:We ‘think good’. We believe and together we build dreams. A learners mindset is the base on which we are built. 4. We engage networks of trust:We value equitable partnerships. We engage partners, collaborators, co-conspirators and funders into the process to scale ideas into projects, reach new audiences and share what we’ve learned. We build networks of trust. 5. We think differently:We love testing new models.We embrace innovation.We appreciate disruption and we love feedback. Exploring is how we got here. Listening is what lets us stay. Improving is what makes us unique. Our strength is in Thinking Differently. 6. We Shift the balance: After we adapt, improve and scale the service, product or programme, we SHIFT the balance. Because we follow this co-creation methodology for each of our projects and consultancy and pieces of work, our stakeholders are consistently consulted at each stage of the project. More heavily during the co design and co creation phase that starts each project but also during through hiring those with lived experience and engaging networks of trust for continuous feedback and support. Ultimately, we make sure that each decision is that of collective design by using design thinking, participatory methods, and our lived experience to deliver meaningful experiences and impactful work. This means that over 100 hours of consultation are done regularly during each project scope and at least 30 people per project. We always check in with the community and others as we are in delivery as well to see if we can marginally improve the outcomes to benefit those we serve.

Directors' remuneration

See accounts for full details. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for 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
8 January 2025

And signed on behalf of the board by:
Name: Nikita Gicanda Vervelde
Status: Director