PROFESSIONAL ALGERIAN CONNECTIONS AND TALENT CIC

Company limited by guarantee

Company Registration Number:
15237462 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 26 October 2023

End date: 31 October 2024

PROFESSIONAL ALGERIAN CONNECTIONS AND TALENT CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

PROFESSIONAL ALGERIAN CONNECTIONS AND TALENT CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024


£
Turnover: 6,836
Cost of sales: ( 5,158 )
Gross profit(or loss): 1,678
Distribution costs: ( 345 )
Administrative expenses: ( 158 )
Operating profit(or loss): 1,175
Profit(or loss) before tax: 1,175
Profit(or loss) for the financial year: 1,175

PROFESSIONAL ALGERIAN CONNECTIONS AND TALENT CIC

Balance sheet

As at 31 October 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
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

PROFESSIONAL ALGERIAN CONNECTIONS AND TALENT CIC

Balance sheet statements

For the year ending 31 October 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 26 January 2025
and signed on behalf of the board by:

Name: Ahmed Amine Laredj
Status: Director

The notes form part of these financial statements

PROFESSIONAL ALGERIAN CONNECTIONS AND TALENT CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

PROFESSIONAL ALGERIAN CONNECTIONS AND TALENT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

PROFESSIONAL ALGERIAN CONNECTIONS AND TALENT CIC

Company Number: 15237462 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

PROFESSIONAL ALGERIAN CONNECTIONS AND TALENT CIC (AKA PACT) is a professional network for Algerians based in the UK to help build meaningful connections and support their learning and professional growth. From October 2023 to October 2024: - the community has grown to 505 active members across multiple disciplines from tech, finance, consulting and many more backgrounds. - we have hosted over 10 in-person networking events and talks with 16 different speakers to inspire young professionals and encourage learning. - over 11,000 messages have been exchanged between members of the community to support each other with work, business and academia topics. - we have been able to have a strong female representation with over 47% of females in the community. a testament of our focus on diversity. - we facilitated many charitable causes such as supporting a family in need following a fire in Dagenham, raising over £2000. - 9 different small businesses presented their projects and PACT provided them with a platform to be more visible. - over 25 different volunteers have supported the running of the community to achieve these goals and objectives. - we have supported multiple small Algerian owned catering businesses for our events, helping them grow. - members of the community have shared and benefit from many job referrals to support each other in their career development and progression.

Consultation with stakeholders

The stakeholders of PACT are the people who are part of the community, joining our events and network. We are here to deliver the best experience for them to connect with each other and achieve their goals. We have continuously shared feedback forms with the community to ensure that PACT delivers the right outcomes for them. After each event we have gotten a lot of recognition for the opportunity for community members to meet each other for the first time and helping to give them a sense of community and belonging in the UK. We have consistently gotten a lot of positive feedback and an NPS score of over 9.

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
26 January 2025

And signed on behalf of the board by:
Name: Ahmed Amine Laredj
Status: Director