INNOVAI EVENTS CIC

Company limited by guarantee

Company Registration Number:
11930046 (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

INNOVAI EVENTS CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

INNOVAI EVENTS CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 38,841 1
Cost of sales: ( 52,244 ) ( 13,401 )
Gross profit(or loss): (13,403) (13,400)
Distribution costs: ( 2,401 ) ( 9,478 )
Administrative expenses: ( 10,201 ) ( 15,056 )
Other operating income: 35,279 30,768
Operating profit(or loss): 9,274 (7,166)
Profit(or loss) before tax: 9,274 (7,166)
Profit(or loss) for the financial year: 9,274 (7,166)

INNOVAI EVENTS CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 892 1,338
Total fixed assets: 892 1,338
Current assets
Cash at bank and in hand: 1,854 11
Total current assets: 1,854 11
Creditors: amounts falling due within one year: 4 ( 15,293 ) ( 23,170 )
Net current assets (liabilities): (13,439) (23,159)
Total assets less current liabilities: (12,547) ( 21,821)
Total net assets (liabilities): (12,547) (21,821)
Members' funds
Profit and loss account: (12,547) ( 21,821)
Total members' funds: ( 12,547) (21,821)

The notes form part of these financial statements

INNOVAI EVENTS 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 28 January 2025
and signed on behalf of the board by:

Name: Janice Irwin
Status: Director

The notes form part of these financial statements

INNOVAI EVENTS 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

INNOVAI EVENTS 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

INNOVAI EVENTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 1,784 1,784
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 1,784 1,784
Depreciation
At 1 May 2023 446 446
Charge for year 446 446
On disposals
Other adjustments
At 30 April 2024 892 892
Net book value
At 30 April 2024 892 892
At 30 April 2023 1,338 1,338

INNOVAI EVENTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 9,707 13,966
Other creditors 5,586 9,204
Total 15,293 23,170

COMMUNITY INTEREST ANNUAL REPORT

INNOVAI EVENTS CIC

Company Number: 11930046 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

In the financial year 2019-20 we started a gardening project in collaboration with Vision (Local Government), Princes Trust, TFL and National lottery Peoples project, Ran a Windrush Community Day, continued to run monthly tea parties with volunteers and support from local students in 6th Form, culturally driven exercise & dance classes with Redbridge Cvs, Old School Play days with a Local Romford nursery with the seniors teaching the children how to play childhood games from the Caribbean, information exchange fairs together with local Secondary schools, sharing life experiences with the youth, to name but a few projects some of which were undertaken without funding. We found many of our seniors having not left home other than for food shopping in a long time, venturing out for these events, not only from the area of Redbridge but from literally all over London and the country to enjoy our social experience.

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
28 January 2025

And signed on behalf of the board by:
Name: Janice Irwin
Status: Director