WOMEN OF VALIANCE (VOW) CIC

Company limited by guarantee

Company Registration Number:
12616318 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

WOMEN OF VALIANCE (VOW) CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

WOMEN OF VALIANCE (VOW) CIC

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

Women of Valiance (VOW) is a Community Interest Company that is based and registered in the United Kingdom. The company focuses on providing services that benefit young people, women, and families from BAME communities, and aims to facilitate their integration within Bedfordshire and other communities in the UK. The company's primary business activities have remained consistent throughout the reporting period.



Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 May 2024

Beritha Muzondo


Secretary Tsitsi Mahachi

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
24 October 2024

And signed on behalf of the board by:
Name: Beritha Muzondo
Status: Director

WOMEN OF VALIANCE (VOW) CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 7,196 5,321
Cost of sales: ( 5,900 ) ( 5,100 )
Gross profit(or loss): 1,296 221
Distribution costs: 0 0
Administrative expenses: ( 1,296 ) ( 221 )
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
Tax: 0 0
Profit(or loss) for the financial year: 0 0

WOMEN OF VALIANCE (VOW) CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 3,500 3,500
Investments:   0 0
Total fixed assets: 3,500 3,500
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 5,300 5,833
Investments:   0 0
Total current assets: 5,300 5,833
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 800 ) ( 1,333 )
Net current assets (liabilities): 4,500 4,500
Total assets less current liabilities: 8,000 8,000
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 8,000 8,000
Members' funds
Profit and loss account: 8,000 8,000
Total members' funds: 8,000 8,000

The notes form part of these financial statements

WOMEN OF VALIANCE (VOW) CIC

Balance sheet statements

For the year ending 31 May 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 24 October 2024
and signed on behalf of the board by:

Name: Beritha Muzondo
Status: Director

The notes form part of these financial statements

WOMEN OF VALIANCE (VOW) CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

WOMEN OF VALIANCE (VOW) CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

WOMEN OF VALIANCE (VOW) CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 3,500 3,500
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 3,500 3,500
Depreciation
At 1 June 2023
Charge for year
On disposals
Other adjustments
At 31 May 2024
Net book value
At 31 May 2024 3,500 3,500
At 31 May 2023 3,500 3,500

WOMEN OF VALIANCE (VOW) CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 800 1,333
Taxation and social security 0 0
Total 800 1,333

COMMUNITY INTEREST ANNUAL REPORT

WOMEN OF VALIANCE (VOW) CIC

Company Number: 12616318 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The company has offered the following support to the BAME community -sporting activities to help with physical health issues -We offered online social and physical activities to curb loneliness -We offered physical interaction to boost people’s confidence after the pandemic - We organised a ladies luncheon were many ladies were happy to come out and meet with other people in person -We signposted beneficiaries to other services e.g., mental health services, energy vouchers, and opportunities for social activities

Consultation with stakeholders

The stakeholders are the people of Bedford where the directors have lived as a minority group and they understand some of the problems faced by the ethnic minority groups in the society. Some stakeholders for the ladies’ luncheon came from all parts of the UK. We carried an needs analysis for the BAME community. We used social media as well to help us plan for the ladies luncheon. This has helped us to design projects or activities that we thought might be useful in meeting the needs of those individuals Through the research we were able to identify the families/individuals that required support in terms of mental health and/or isolation and we designed activities based around their needs. Some people lived in isolation so the ladies’ luncheon was an essential activity that was welcomed by many. The opportunity to get out and meet others helped to boost morale both during preparation, on the day of the event and after the event The sporting activities also helped to improve people’s confidence, physical and mental well being.

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
24 October 2024

And signed on behalf of the board by:
Name: Beritha Muzondo
Status: Director