INVISIBLE CITIES C.I.C.

Company limited by guarantee

Company Registration Number:
SC527772 (Scotland)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

INVISIBLE CITIES C.I.C.

Contents of the Financial Statements

for the Period Ended 29 February 2024

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

INVISIBLE CITIES C.I.C.

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal activities of the company

The principle activity of the company during the period of review was that of tourist guides.

Additional information

Small company provisions This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 29 February 2024

Zakia Moulaoui
David Donoghue
Karen Gilchrist Clarkson


Secretary Zakia Moulaoui

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
13 January 2025

And signed on behalf of the board by:
Name: Zakia Moulaoui
Status: Secretary

INVISIBLE CITIES C.I.C.

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 63,384 51,572
Cost of sales: ( 17,282 ) ( 15,625 )
Gross profit(or loss): 46,102 35,947
Administrative expenses: ( 87,428 ) ( 86,449 )
Other operating income: 55,956 37,592
Operating profit(or loss): 14,630 (12,910)
Interest payable and similar charges: ( 1,055 ) ( 600 )
Profit(or loss) before tax: 13,575 (13,510)
Profit(or loss) for the financial year: 13,575 (13,510)

INVISIBLE CITIES C.I.C.

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,049 3,196
Total fixed assets: 1,049 3,196
Current assets
Cash at bank and in hand: 33,489 26,037
Total current assets: 33,489 26,037
Creditors: amounts falling due within one year: 4 ( 14,579 ) ( 19,349 )
Net current assets (liabilities): 18,910 6,688
Total assets less current liabilities: 19,959 9,884
Creditors: amounts falling due after more than one year: 5 ( 40,000 ) ( 43,500 )
Total net assets (liabilities): (20,041) (33,616)
Members' funds
Profit and loss account: (20,041) ( 33,616)
Total members' funds: ( 20,041) (33,616)

The notes form part of these financial statements

INVISIBLE CITIES C.I.C.

Balance sheet statements

For the year ending 29 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 13 January 2025
and signed on behalf of the board by:

Name: Zakia Moulaoui
Status: Director

The notes form part of these financial statements

INVISIBLE CITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment 20% straight line

    Other accounting policies

    Government grants Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Pension costs The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

INVISIBLE CITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 9

INVISIBLE CITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 11,037 11,037
Additions
Disposals
Revaluations
Transfers
At 29 February 2024 11,037 11,037
Depreciation
At 1 March 2023 7,841 7,841
Charge for year 2,147 2,147
On disposals
Other adjustments
At 29 February 2024 9,988 9,988
Net book value
At 29 February 2024 1,049 1,049
At 28 February 2023 3,196 3,196

INVISIBLE CITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 36 0
Taxation and social security 726 2,476
Accruals and deferred income 1,414 1,414
Other creditors 12,403 15,459
Total 14,579 19,349

INVISIBLE CITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 40,000 43,500
Total 40,000 43,500

COMMUNITY INTEREST ANNUAL REPORT

INVISIBLE CITIES C.I.C.

Company Number: SC527772 (Scotland)

Year Ending: 29 February 2024

Company activities and impact

We train people who have experienced homelessness in the UK to become walking tour guides of their own city. On average we train 15 people a year on transferrable skills such as public speaking, storytelling, customer service and history. We employ people directly to deliver walking tours and offer tailored support, so people remain in employment. This includes budgeting, mental health support and signposting to other services and organisations for volunteering, employment or education. We deliver walking tours of our cities that raise awareness of homelessness and other social justice themes. They highlight untold stories, communities and issues of our cities and change perceptions of homelessness for the general public. We deliver community events and campaigns to support vulnerable people in our communities. This includes deliveries of self-care packages and delivery of free community tours and events for those who cannot afford them.

Consultation with stakeholders

Beneficiaries (guides and trainees) have been consulted on what type of support would be the most needed/required. It has been decided that they can ask for one to one support tailored to their individual needs (including administration support, signposting, access to education etc). Through specific periods of the year (winter) it has been decided to support them with deliveries of groceries, basic sanitary items and toiletries. For the wider community support, beneficiaries have decided that provision of self-care packages and donations of essential items (warm items, sanitary items, etc) was the most beneficial.

Directors' remuneration

The total amount paid to or receivable by directors in respect of qualifying services was £25,000 (2023: £30,000). 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
13 January 2025

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