ROMANIANS AND EUROPEANS ASSOCIATION COMMUNITY HUB CIC

Company limited by guarantee

Company Registration Number:
14051424 (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

ROMANIANS AND EUROPEANS ASSOCIATION COMMUNITY HUB 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

ROMANIANS AND EUROPEANS ASSOCIATION COMMUNITY HUB 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 activity of the company during the year under review was that of a community centre.



Directors

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

V.M. Lenghel
S. Martuneac
C. Petrariu
A.L. Salvage


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: A.L. Salvage
Status: Director

ROMANIANS AND EUROPEANS ASSOCIATION COMMUNITY HUB CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 4,225 2,148
Cost of sales: ( 1,545 ) ( 591 )
Gross profit(or loss): 2,680 1,557
Distribution costs: ( 67 )
Administrative expenses: ( 3,747 ) ( 2,162 )
Operating profit(or loss): (1,067) (672)
Profit(or loss) before tax: (1,067) (672)
Profit(or loss) for the financial year: (1,067) (672)

ROMANIANS AND EUROPEANS ASSOCIATION COMMUNITY HUB CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 303 897
Total current assets: 303 897
Creditors: amounts falling due within one year: 3 ( 2,042 ) ( 1,569 )
Net current assets (liabilities): (1,739) (672)
Total assets less current liabilities: (1,739) ( 672)
Total net assets (liabilities): (1,739) (672)
Members' funds
Profit and loss account: (1,739) ( 672)
Total members' funds: ( 1,739) (672)

The notes form part of these financial statements

ROMANIANS AND EUROPEANS ASSOCIATION COMMUNITY HUB 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: A.L. Salvage
Status: Director

The notes form part of these financial statements

ROMANIANS AND EUROPEANS ASSOCIATION COMMUNITY HUB 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

    Turnover policy

    Turnover Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the Company; and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. Trade and other creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

ROMANIANS AND EUROPEANS ASSOCIATION COMMUNITY HUB 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 4

ROMANIANS AND EUROPEANS ASSOCIATION COMMUNITY HUB CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 72
Accruals and deferred income 835 835
Other creditors 1,135 734
Total 2,042 1,569

COMMUNITY INTEREST ANNUAL REPORT

ROMANIANS AND EUROPEANS ASSOCIATION COMMUNITY HUB CIC

Company Number: 14051424 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

REACH has conducted several activities that had great impact on the Romanian nationals locally. We have collaborated with Positive Action Humberside Police and organised 2 Employment/career event in Hull and Goole. There were representatives of Humberside Police, Fire and Rescue, Council, Safer Roads last year. Over 60 Romanian Nationals have visited the events. These events were aimed at raising the profile of the Romanian nationals, increase inclusivity and diversity. We have conducted drop-in sessions with families struggling to understand how the consular services work in the UK, away from the home country. We have provided a primary school in Grimsby with rucksacks and gifts for the Romanian children to mark St Nicholas as well as a short presentation on Romania adapted for English speaking children within the school for an intercultural exchange. Reach has facilitated access to the HAF holidays vouchers scheme for Romanian and rroma children within the Hull area. Activities such ice-skating and trampoline were made available throughout half term. Reach has succeeded in bringing the Romanian Orthodox Service for the first time ever, offering weekly service to the Romanian community in Hull. An Easter service has brought the community together with a presence of an estimated 4000 Romanian nationals attending last year. In conjunctions with the Local Authority, we have organised a littering event – an educational event aimed at recycling and prevent fly tipping, as well as get together and help keeping our local park clean. Signposting and broadcasting with accredited that we have done, both online as well as face to face, regarding immigration issues such pre-settled and settled status as a result of Brexit to or with accredited bodies. Another recruitment event/tour of the prison was set up by the organisation with a visit to HMP Leeds. The group was limited to 10 people for security reasons. Romanian traditional markets have taken part in the Freeman Market in Grimsby twice. A voluntary collaboration between the management of the market and us, to facilitate cultural exchange with the local community and celebrating it together through food and music. Children craft activities and parties were conducted with families with children to keep the traditions alive – Martisor. We have facilitated focused groups and cancer champion sessions with Romanian community members and researchers from University of Hull on cervical screen issues faced by the eastern European communities and raising awareness for Cancer. Facilitating training to raise awareness on Labour Exploitation and Modern Slavery. Cooking sessions every week for a 6 months project. (sept 23 – march 24)

Consultation with stakeholders

No consultation with stakeholders

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: A.L. Salvage
Status: Director