BRAVESTARTS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
12426586 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

BRAVESTARTS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

BRAVESTARTS COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 28,065 7,071
Gross profit(or loss): 28,065 7,071
Administrative expenses: ( 23,255 ) ( 15,178 )
Operating profit(or loss): 4,810 (8,107)
Profit(or loss) before tax: 4,810 (8,107)
Profit(or loss) for the financial year: 4,810 (8,107)

BRAVESTARTS COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 15,852 12,090
Total current assets: 15,852 12,090
Creditors: amounts falling due within one year: 3 0 ( 1,048 )
Net current assets (liabilities): 15,852 11,042
Total assets less current liabilities: 15,852 11,042
Creditors: amounts falling due after more than one year: 4 ( 57,919 ) ( 57,919 )
Total net assets (liabilities): (42,067) (46,877)
Members' funds
Profit and loss account: (42,067) ( 46,877)
Total members' funds: ( 42,067) (46,877)

The notes form part of these financial statements

BRAVESTARTS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 January 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 14 February 2024
and signed on behalf of the board by:

Name: Lucy Standing
Status: Director

The notes form part of these financial statements

BRAVESTARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 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

    Turnover comprises the invoiced value by the company

BRAVESTARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

BRAVESTARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 0 1,048
Total 0 1,048

BRAVESTARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

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

2024 2023
£ £
Other creditors 57,919 57,919
Total 57,919 57,919

COMMUNITY INTEREST ANNUAL REPORT

BRAVESTARTS COMMUNITY INTEREST COMPANY

Company Number: 12426586 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

We’ve built up a platform of services helping to support people as they get older to plan, think about and access work opportunities as they get older. We’ve run a number of events – everything from how to sort out a CV/Linkedin profile, to opportunities to meet people in different sectors so they can learn more about jobs they are thinking of retraining/moving into. Over 300 people a year benefit from this. We charge £49 a year to our members to be part of the community. This small fee allows us to meet the costs of our software licenses. For this fee, we provide members with a coaching series of 5 workshops in small groups. In addition, we provide free coaching and career advice and counselling to our members through our free events: 1. A career development ‘drop in’ session where they get to meet with a qualified career coach and chat through issues they may be encountering a work. This challenges the traditional model of having to ‘pay’ for any sessions or signing up to a minimum commitment of 3 sessions (as is the norm). 2. We provide a meeting every other month for members to meet with a small business expert where they can come and discuss and share business issues. We’ve had (on occasion) experts come in and talk about franchise opportunities as well. 3. We provide opportunities for members to meet employers. We know of several members who’ve consequently found work in these organisations. We know we are helping employers and our members – even if members decide against applying for a job in a company they’ve come to meet, they are at least hearing and knowing they are ‘wanted’. 4. We get them to update their ‘career development skill toolkit’. By the end of our programme they’ll have used AI to explore their career options and cross referenced ideas with financial report to determine growing businesses targeting a consumer base over 40+. They’ll have updated their linkedin profile and attended a ‘masterclass’ on using linkedin for networking and notifications. They’ll have worked with and met at least 20 different members throughout the course of their workshops (this is a minimum figure, on occasion, it’s more depending on how many member meet ups they attend).

Consultation with stakeholders

We do regularly ask for feedback from our members on our events and their use/value. Our average rating out of 5 on our events we run is between 4 and 5 (we run on average 12 meetings or events a month). We monitor how many people ‘refer’ others to Brave Starts. We have a consistent referral rate of between 30-40% (ie 30-40 members a month come to us via word of mouth)

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
14 February 2024

And signed on behalf of the board by:
Name: Lucy Standing
Status: Director