OUTSTANDING FUTURES CIC

Company limited by guarantee

Company Registration Number:
11962048 (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

OUTSTANDING FUTURES 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

OUTSTANDING FUTURES 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

Principal activities of the company

Principal activity of the company during the financial year was Other education



Directors

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

Dennis Acire OJERA


The directors shown below have held office during the period of
29 March 2024 to 30 April 2024

Peter EDWARDS
Imani SORHAINDO
Karen Cordal WALKER


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: Dennis Acire OJERA
Status: Director

OUTSTANDING FUTURES CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Administrative expenses: ( 607 ) ( 198 )
Operating profit(or loss): (607) (198)
Profit(or loss) before tax: (607) (198)
Profit(or loss) for the financial year: (607) (198)

OUTSTANDING FUTURES CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 5 368
Total current assets: 5 368
Creditors: amounts falling due within one year: 3 ( 1,042 ) ( 798 )
Net current assets (liabilities): (1,037) (430)
Total assets less current liabilities: (1,037) ( 430)
Total net assets (liabilities): (1,037) (430)
Members' funds
Profit and loss account: (1,037) ( 430)
Total members' funds: ( 1,037) (430)

The notes form part of these financial statements

OUTSTANDING FUTURES 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: Dennis Acire OJERA
Status: Director

The notes form part of these financial statements

OUTSTANDING FUTURES 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

    Other accounting policies

    Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.

OUTSTANDING FUTURES CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 1

OUTSTANDING FUTURES CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,042 798
Total 1,042 798

COMMUNITY INTEREST ANNUAL REPORT

OUTSTANDING FUTURES CIC

Company Number: 11962048 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Since its establishment in April 2020, Outstanding Futures has firmly established its presence and is now recognised for its impactful work within the Ipswich community. This report focuses on the tax year 2023-2024, during which the organisation continued to collaborate with key stakeholders, includ-ing local businesses. Through these efforts, Outstanding Futures has positioned itself with the aim of becoming the preferred training provider in Suffolk. With a focus on preparing vulnerable and marginalised groups for employment, the organisation has developed a portfolio that includes employability skills training, employer engagement, and interview techniques. In addition to these core areas, Outstanding Futures has expanded its offerings to include Digital Ser-vices, Real Estate, Creative Industries, and Business Start-up and Support initiatives. Consequently, much of the organisation's activities during the 2023-2024 financial year have been pre-paratory, laying the groundwork for full-scale implementation in the 2024-2025 financial year.

Consultation with stakeholders

Outstanding Futures CIC Update Outstanding Futures CIC has actively engaged with key stakeholders, including the Jobcentre Plus (JCP) and the University of Suffolk. Additionally, the organisation has appointed three new Directors, each bringing a diverse range of skills to help drive the organisation forward. The focus has been on refining offerings to better align with community needs. As part of these efforts, a new website has been developed: https://www.outstandingfutures.co.uk. The website serves as a central platform for showcasing key services and acts as a gateway for individuals and partner organisa-tions to engage with Outstanding Futures and explore its portfolio of offerings

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: Dennis Acire OJERA
Status: Director