ELEVATED MINDS CIC

Company limited by guarantee

Company Registration Number:
11947395 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

ELEVATED MINDS CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

ELEVATED MINDS CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Mrs Doreen Sinclair-McCollin
Dixie-Ann JOSEPH
Don Barrinton MCCOLLIN


The director shown below has held office during the period of
1 May 2023 to 13 October 2023

Patricia LYN-KEW


The director shown below has held office during the period of
15 September 2023 to 30 April 2024

Douglas HAMANDISHE


The director shown below has held office during the period of
1 September 2023 to 30 April 2024

Colin Anthony BURTON


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
16 January 2025

And signed on behalf of the board by:
Name: Mrs Doreen Sinclair-McCollin
Status: Director

ELEVATED MINDS CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 412,737 176,863
Cost of sales: ( 61,932 ) ( 90,417 )
Gross profit(or loss): 350,805 86,446
Administrative expenses: ( 278,102 ) ( 190,932 )
Other operating income: 74,155
Operating profit(or loss): 72,703 (30,331)
Interest payable and similar charges: ( 24,006 ) ( 5,863 )
Profit(or loss) before tax: 48,697 (36,194)
Profit(or loss) for the financial year: 48,697 (36,194)

ELEVATED MINDS CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,438 1,000
Total fixed assets: 1,438 1,000
Current assets
Debtors: 4 23,734 2,400
Cash at bank and in hand: 10,775
Total current assets: 34,509 2,400
Creditors: amounts falling due within one year: 5 ( 77,981 ) ( 60,956 )
Net current assets (liabilities): (43,472) (58,556)
Total assets less current liabilities: (42,034) ( 57,556)
Creditors: amounts falling due after more than one year: 6 ( 33,175 )
Total net assets (liabilities): (42,034) (90,731)
Members' funds
Profit and loss account: (42,034) ( 90,731)
Total members' funds: ( 42,034) (90,731)

The notes form part of these financial statements

ELEVATED MINDS CIC

Balance sheet statements

For the year ending 30 April 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 16 January 2025
and signed on behalf of the board by:

Name: Mrs Doreen Sinclair-McCollin
Status: Director

The notes form part of these financial statements

ELEVATED MINDS CIC

Notes to the Financial Statements

for the Period Ended 30 April 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

    2.2. Turnover Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures & Fittings 15% Reducing Balance Computer Equipment 33% Straight Line

ELEVATED MINDS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 16 8

ELEVATED MINDS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 854 1,298 2,152
Additions 588 588
Disposals
Revaluations
Transfers
At 30 April 2024 854 1,886 2,740
Depreciation
At 1 May 2023 237 915 1,152
Charge for year 150 150
On disposals
Other adjustments
At 30 April 2024 237 1,065 1,302
Net book value
At 30 April 2024 617 821 1,438
At 30 April 2023 617 383 1,000

ELEVATED MINDS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Other debtors 23,734 2,400
Total 23,734 2,400

ELEVATED MINDS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 12,856 4,553
Trade creditors 352
Taxation and social security 62,555 44,916
Other creditors 2,218 11,487
Total 77,981 60,956

ELEVATED MINDS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

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

  2023
  £
Other creditors 33,175
Total   33,175

COMMUNITY INTEREST ANNUAL REPORT

ELEVATED MINDS CIC

Company Number: 11947395 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Elevated Minds CIC is a powerful force for change, founded in April 2019 and based in Southwark, London. We began with a clear mission to address the disproportionate exclusion rates of BME children from mainstream education. By delivering early intervention services across schools and educational provisions throughout London, we are helping to rewrite the stories of countless young lives. But our work doesn't stop there. We are equally dedicated to supporting young people with exceptional potential, ensuring that gifted and talented individuals from underserved communities also receive the guidance and opportunities they deserve. Most of the young people we work with come from low income, predominantly Black heritage, and working class backgrounds. Since 2019, we’ve empowered over 3,000 young people through life changing programmes, such as the IDENTITY Project and Empower X, that shift feelings of worthlessness into a sense of purpose and success. Through targeted coaching, personal development workshops, and real-world opportunities, we are closing the gap between potential and performance. We equip our participants with the emotional intelligence, autonomy, and resilience they need to take control of their futures. We are also transforming how they engage with the police and wider society. Since 2021, we’ve expanded our impact by delivering a series of Police Engagement Programmes that work directly with young people, predominantly, but not exclusively from the Black community. From Cultural Awareness Training for new recruits and senior officers to Elevated Aspirations in schools for years 10 and 12, our programmes are actively rebuilding trust and strengthening relationships between young people and the police. These efforts directly contribute to the police's community engagement goals fostering a policing model that operates by consent and helps reduce youth involvement in crime.

Consultation with stakeholders

1. Who the company's stakeholders are: Elevated Minds CIC’s stakeholders include a range of individuals and groups integral to the success of its programmes. These include: Young people from disadvantaged and marginalised communities, particularly those at risk of exclusion and those not achieving to their full potential. Parents and guardians who play a key role in supporting their children’s development. Schools and educational institutions in London and Birmingham that partner with Elevated Minds to deliver its interventions. Community organisations that focus on addressing inequalities. The Metropolitan Police, who collaborates with us on youth engagement, breaking down barriers, and improving trust and confidence. Funding bodies and sponsors, which include schools, charitable foundations, and government grants. 2. How the stakeholders have been consulted: Elevated Minds actively engages with its stakeholders through various consultation methods: Workshops and feedback sessions: These are held with young people and their families to gather direct insights into the challenges they face, their experiences with the programmes, and the areas that require improvement. School collaboration meetings: Regular discussions are held with school staff and leadership teams to assess the progress of students involved in the programmes and identify new opportunities for collaboration. Community and partnership meetings: Elevated Minds consults with community partners to ensure their programmes are aligned with broader community goals, such as crime prevention and social inclusion. Online surveys and social media: Feedback from participants and community members is also gathered through digital platforms like social media and email. 3. Any action the company has taken in response to feedback: Elevated Minds has made several adjustments based on stakeholder feedback: Tailored interventions: After consulting with schools and families, the organisation expanded its one-on-one coaching and workshops to address more specific issues like emotional intelligence and self-esteem, ensuring a more personalised approach. Music and arts-based initiatives: Responding to youth feedback expressing interest in creative outlets, Elevated Minds is launching the Elevated Minds Music Studio Hub, which will allow young people to explore musical talents while learning life skills. Community collaborations: Based on feedback from community partners, Elevated Minds has strengthened its focus on improving police-youth relations by scaling the Elevated Aspiration Programme and introducing police mentorship through the United Voices event. By listening to its stakeholders, Elevated Minds continues to evolve its programmes to better serve the needs of disadvantaged youth and foster positive community change.

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
16 January 2025

And signed on behalf of the board by:
Name: Mrs Doreen Sinclair-McCollin
Status: Director