YOUTH POWERS CIC

Company limited by guarantee

Company Registration Number:
14680226 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 21 February 2023

End date: 28 February 2024

YOUTH POWERS CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

YOUTH POWERS CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024


£
Turnover: 69
Cost of sales: ( 69 )
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 0
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 0
Tax: 0
Profit(or loss) for the financial year: 0

YOUTH POWERS CIC

Balance sheet

As at 28 February 2024

Notes 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 0
Investments:   0
Total current assets: 0
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 0
Total assets less current liabilities: 0
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

YOUTH POWERS CIC

Balance sheet statements

For the year ending 28 February 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 20 November 2024
and signed on behalf of the board by:

Name: Melissa
Status: Director

The notes form part of these financial statements

YOUTH POWERS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

YOUTH POWERS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

YOUTH POWERS CIC

Company Number: 14680226 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

Youth Powers support 100 disadvantaged youth aged 16-18 who are NEET (Not in Employment; Education; or Training) in Peckham by equipping them with essential employability skills to secure jobs in the hospitality industry. The project runs for 12 months and will significantly enhance the participants' future career prospects. This initiative is designed to provide targeted training and hands-on experience in hospitality; a sector with a high number of entry-level opportunities. Our comprehensive program will include workshops on customer service; food safety; kitchen skills; and professional conduct. We will also offer mentorship; CV writing assistance; and interview preparation to ensure participants are job-ready. Peckham has high youth unemployment rates and a vibrant hospitality sector; which offers numerous opportunities for entry-level employment. Specifically targeting those facing significant barriers to employment; education; training such as previously poor educational outcomes and negative attractions to criminal behaviour. A new project initiative inspired by opportunities that exist in hospitality we aim to deliver a well planned programme that is flexible enough to respond to the needs of the young people throughout. Running weekly 2 hour sessions in 4 groups of 25 young people every 12 weeks; participants will develop a range of skills including customer service; teamwork; time management; and basic culinary skills. These skills are the most popular in the industry for securing and maintaining employment for the short to medium term. We anticipate that at least 40% of participants will secure employment and 60% further training within six months of program completion. Recruitment and marketing efforts will include social media campaigns; flyers; and warm up community events to raise awareness and attract participants. We will conduct regular assessments to monitor progress and gather feedback. This data will help refine the program; ensuring effectiveness. No barriers or stringent qualifying criteria for participation.

Consultation with stakeholders

No consultation with stakeholders

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
21 November 2024

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