RISE 365 CIC

Company limited by guarantee

Company Registration Number:
11875358 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

RISE 365 CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

RISE 365 CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 165,031 181,864
Cost of sales: ( 135,241 ) ( 166,457 )
Gross profit(or loss): 29,790 15,407
Administrative expenses: ( 14,769 ) ( 9,687 )
Operating profit(or loss): 15,021 5,720
Profit(or loss) before tax: 15,021 5,720
Tax: ( 2,854 ) ( 1,187 )
Profit(or loss) for the financial year: 12,167 4,533

RISE 365 CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 57,379 49,476
Total current assets: 57,379 49,476
Creditors: amounts falling due within one year: 3 ( 19,654 ) ( 32,834 )
Net current assets (liabilities): 37,725 16,642
Total assets less current liabilities: 37,725 16,642
Creditors: amounts falling due after more than one year: 4 ( 3,916 )
Accruals and deferred income: ( 15,000 ) ( 10,000 )
Total net assets (liabilities): 18,809 6,642
Members' funds
Profit and loss account: 18,809 6,642
Total members' funds: 18,809 6,642

The notes form part of these financial statements

RISE 365 CIC

Balance sheet statements

For the year ending 31 March 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 4 January 2025
and signed on behalf of the board by:

Name: Joyclen Brodie-Mends
Status: Director

The notes form part of these financial statements

RISE 365 CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

RISE 365 CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

RISE 365 CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 15,593 30,292
Taxation and social security 4,061 1,187
Other creditors 1,355
Total 19,654 32,834

RISE 365 CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024
£
Other creditors 3,916
Total 3,916

COMMUNITY INTEREST ANNUAL REPORT

RISE 365 CIC

Company Number: 11875358 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Kingsmead Community Shop: RISE 365 have been running the 'Kingsmead Community Shop', a general store with a particular emphasis on providing to those within the local vicinity in Hackney. Opened in 2020, the store started as an emergency food-response program as a result of the COVID-19 pandemic but has now become a vital ongoing program due to the cost-of-living crisis within the UK, the activities of the shop have benefited the community in the following ways: 1) It’s granted affordable access to nutritious food and reduced financial stress for marginalised families all whilst fostering stronger community relationships, creating a sense of belonging and mutual support. 2) Over 95 families are served per week with 4940 families being fed through 35,000 bags of shopping. 3) Young people have developed various transferable skills such as budgeting, time management, and teamwork all cultivated through volunteering and managing the shop. It also served as a chance for volunteers to gain real-world experience in customer service and communication, making them more prepared for the job market. The Kingsmead Community Food Shop serves not just to address food insecurity as an aftermath of the cost-of-living crisis but has become a central hub for learning, development and building connections. It has become an integral service we provide, as it’s proved to be a vital resource for both young people and the wider community at large. Mens/Women’s Circle: A programme focusing on the importance of having a dedicated space where young people can connect through conversational discussions around matters that affect them in their day-to-day lives. It’s a safe environment for young people to be embraced and feel at ease despite their current challenges. In 2024, we introduced the Young Women’s Circle alongside the Young Men’s Circle as we ascertain that the circles provide a space for open dialogue, emotional expression and peer support all whilst addressing critical issues such as mental health, identity and societal challenges - each group (2) consists of 6 - 8 members aged 15–18 who meet monthly within the local community. Key Outcomes: - Young people are given the opportunity to develop coping mechanisms and build resilience to navigate adversity through having an improved self-awareness and confidence. All discussions that were facilitated enabled the young people to share their own personal stories, receive validation from their peers and have in-depth conversations about career aspirations, cultural identity and for them to think critically about their futures. Long-Term Benefits: A report of 96% of young people surveyed agreed that they experienced reduced feelings of isolation and an increased sense of community due to the proactive measures we took to address issues like low self-esteem and disengagement. Mentoring Programme: All mentoring took place over a 14-16 week period with young people being matched with a mentor who provided tailored guidance and consistent support with the fund enabling us to extend the mentorship offered beyond academics and career, allowing an acute focus on emotional well-being, social skills, and problem-solving. Impact on Participants: Young people saw their goals come to fruition as goal-setting became more actionable and achievable through structured mentorship, whilst also gaining clarity on career paths and educational opportunities. As all mentors are thoroughly vetted and screened, they proved to be strong role models and inspired a shift in mindset, encouraging participants to make positive choices. Youth Advisory Board: A group of young people who are passionate about ensuring that their voices are heard and want to be part of wider decision making at RISE 365. Its formed of 10 incredible young people across various age groups that have been demanding positive change for the past 8 months, helping design and shape the future of RISE 365’s youth provision services. 1:1 Tutoring Programme: It has enriched the lived experiences of our young people, giving them the chance to increase their confidence towards their educational pursuit. All the young people who’ve partaken in the programme have seen their educational attainment improve drastically and has minimised school expulsions. Gucci Changemakers London: In 2024, RISE 365 continued to benefit enormously from the support of the Gucci Changemakers London Programme. It’s enabled us a grassroots organisation to strengthen our services, expand our reach all whilst empowering young people and communities facing systemic challenges. Gucci's involvement has extended beyond financial assistance, as they also provided invaluable workshops, events, and internship opportunities that enriched the experiences of our participants. Over 80 young people directly benefited from the funded initiatives, with many reporting significant personal and professional growth. Access to Gucci’s resources and networks inspired young people to pursue ambitious goals they previously considered unattainable. Fitness Sessions: Fitness Sessions were offered to two separate groups of young people weekly as a means to support the physical and mental well-being of participants and to promote regular physical activity. UEL Programme: RISE 365 collaborated with UEL to compile a detailed report on RISE 365’s service delivery and effectiveness within the community. It was a partnership with aligned with our organisations aims and objectives whilst highlighting the community impact of the work we’ve continued to do. Youth Workshop, Youth Voice Matters: A workshop dedicated to engaging young people in meaningful discussions about police powers with focus on topics such as stop and search, and your rights. Emoji Campaign: A campaign dedicated to challenging and changing the negative stereotypes associated with Afro and coarser hair textures, focusing on the need for representation in digital spaces such as Emoji’s to combat exclusion and marginalisation. RISE 365 dedicated time to amplifying the voices and experiences of our young people who feel overlooked due to the lack of inclusive emoji options. Press Coverage: - The Standard - Young Londoners Design Emojis With Afro Hairstyles In Bid For Better Representation Online - The Guardian - The Push For Emojis In Black Women’s Styles: ‘We Need To Normalise That Our Hair Is Acceptable' - Daily Mail - Revealed: The 4 New Emoji Hundreds Of Britons Are Calling To Be Added - BBC News - 'An Emoji Will Help Us To Feel Seen' BBC Newsround - Young Campaigners Want More Diverse Hairstyle Emojis Independent - Mel B Backs Campaign For Emojis With Afro Hair On Mobile Devices Reuters - Young Londoners Push For World's First Afro Hair Emojis The Voice Online - Rise.365 Campaign To End Hair Discrimination And Lobby For Emojis Featuring Black And Mixed-race Hairstyle CBS News - Young Designers Push For New Emojis With Black, Mixed-race Hairstyles Independent - None Of The 4,000 Emojis Feature Afro Hair – These Students Could Change That National World - Afro Emojis: Call For World's First Emojis With Black And Mixed-race Hairstyles People of Colour In Tech - Spice Girl Mel B Backs Campaign For Black Hair Emojis Black Enterprise - Black Women In London Push For Emojis That ‘Normalize Our Hair’ And Represent Diverse Hairstyles Creative Moment - Good Relations Partners With Rise.365 To Tackle Texturism In The UK Medium - 4000 Emojis And Not One For Black Women’s Hair MSN - Teens Design New Emojis To Better Represent Black Hairstyles Creapills - Inclusion:Cette Asso Cree Des Emojis Representant Les Coiffures Afro Et Metissees (France) New Beauty - Teens Develop The First Emojis With Natural Black Hair: black-hair-emojis Racist Technology In Action - No Emojis Feature Hairstyles Typically Worn By Black People: AOL - Young Designers Push For New Emojis With Black, Mixed-race Hairstyles Straits Times - Young Londoners Push For World’s First Afro Hair Emojis NTV Kenya - Young Londoners Push For World’s First Afro Hair Emojis: Japan Today - Young Londoners Push For World’s First Afro Hair Emojis M&c Saatchi Partners With Rise.365 And Clear Channel Uk To Challenge Racial Stereotypes In New ‘changing Narratives’ Campaign - The Voice Newspaper UK Joyclen Buffong’s MBE: Joyclen Buffong, Founder and Director of RISE 365 was awarded an MBE for her outstanding services to the community in December 2024.

Consultation with stakeholders

Our stakeholders are young people and the community. We are continually in communication with our stakeholders through discussions and questionnaires. Our organisation is youth led, the young people are involved in the planning and delivery process. They discuss the social issues challenging young people and work on raising awareness to educate people and make a positive change to these issues. We have received lots of feedback from our customers through our community shop, they are very grateful and have expressed the importance of us keeping the shop open to support them which we have.

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
4 January 2025

And signed on behalf of the board by:
Name: Joyclen Brodie-Mends
Status: Director