CHASING PROSPECTS CIC

Company Registration Number:
11964270 (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

CHASING PROSPECTS 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

CHASING PROSPECTS 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

The principal activities for the company during the financial year was to deliver ETE and health and wellbeing workshops. There were no significant changes in the nature of the company's principal activities.

Political and charitable donations

None

Company policy on disabled employees

Company Policy on Disabled Employees The company is committed to promoting equality and ensuring that no employee or job applicant is treated less favorably due to disability. Our policy includes: Actively seeking to provide employment opportunities to disabled individuals, ensuring equal access to roles at all levels of the organisation. Making reasonable adjustments to the workplace and working conditions to accommodate the needs of disabled employees, enabling them to perform their duties effectively. Supporting employees who become disabled during their employment by reviewing their roles and providing retraining or alternative positions where appropriate. Promoting awareness and understanding among all employees to foster an inclusive and supportive working environment. This policy aligns with our commitment to diversity and inclusion and ensures compliance with all relevant legislation.



Directors

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

Imuetinyan Okungbowa


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
27 January 2025

And signed on behalf of the board by:
Name: Imuetinyan Okungbowa
Status: Director

CHASING PROSPECTS CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 2,010 9,004
Cost of sales: ( 2,010 ) ( 9,004 )
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 0 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

CHASING PROSPECTS CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Called up share capital not paid: 1 1
Fixed assets
Intangible assets: 3 1 1
Tangible assets: 4 2 2
Investments: 5 1 1
Total fixed assets: 4 4
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 0 0
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 0 0
Total assets less current liabilities: 5 5
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: ( 1 ) ( 1 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 4 4
Capital and reserves
Called up share capital: 1 1
Share premium account: 1 1
Other reserves: 1 1
Profit and loss account: 1 1
Total Shareholders' funds: 4 4

The notes form part of these financial statements

CHASING PROSPECTS 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 27 January 2025
and signed on behalf of the board by:

Name: Imuetinyan Okungbowa
Status: Director

The notes form part of these financial statements

CHASING PROSPECTS 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

CHASING PROSPECTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

CHASING PROSPECTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 May 2023 1 0 1
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 30 April 2024 1 0 1
Amortisation
At 1 May 2023 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 30 April 2024 0 0 0
Net book value
At 30 April 2024 1 0 1
At 30 April 2023 1 0 1

CHASING PROSPECTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 0 0 1 1 0 2
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 April 2024 0 0 1 1 0 2
Depreciation
At 1 May 2023 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 April 2024 0 0 0 0 0 0
Net book value
At 30 April 2024 0 0 1 1 0 2
At 30 April 2023 0 0 1 1 0 2

CHASING PROSPECTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Fixed assets investments note

n/a

COMMUNITY INTEREST ANNUAL REPORT

CHASING PROSPECTS CIC

Company Number: 11964270 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Chasing Prospects CIC continues to work in the community to support young people not in employment, training or education. At present we are working collaboratively with another organisation in the boroughs of Richmond and Kingston to support young people aged 13-25. We have 1:1 sessions that focus on the career paths young people can pursue as well as how best to deal with the barriers. In total we have supported over 150 young people alone this financial year. We understand that the targeted young people we work with have limited access to resources or often do not want to seek out these services for a number of reasons and we continue host pop up workshops Pan-London to support these young people. We completed a feedback questionnaire with our cohort and we got a 96% highly satisfied/excellent service from 50 young people. We continue to work within the community to help young people most at need.

Consultation with stakeholders

We complete regular feedback questionnaires with our young people to see how satisfied they are with our service and we got a 96% highly satisfied/ excellent service. We are also in conversation with the schools, youth centres and local authorities that we work with on how best to improve our services and this is often unique to each service provider. We pride ourselves on not having a one size fits all approach which I believe is how we continue to deliver a relevant service for our cohort and service users. We want to be innovative and adaptable in how we deliver services and are in discussions with a number of our young people and external agencies on how best to integrate AI into our services.

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
27 January 2025

And signed on behalf of the board by:
Name: Imuetinyan Okungbowa
Status: Director