for the Period Ended 31 October 2024
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2024 | 2023 | |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: | 3 |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 4 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 5 |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
( |
( |
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Total members' funds: |
( |
( |
The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 October 2024
Basis of measurement and preparation
for the Period Ended 31 October 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 October 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 November 2023 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2024 |
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Depreciation | ||||||
At 1 November 2023 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 31 October 2024 |
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Net book value | ||||||
At 31 October 2024 |
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At 31 October 2023 |
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for the Period Ended 31 October 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 31 October 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Other creditors |
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Total |
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In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. Empowr CIC is dedicated to becoming a leading health activities brand that inspires lifelong well-being through innovative experiential learning. At the heart of our work is Empowr Experiential Learning Activities (EELA), our main program, aligning with our core principle of fostering well-being through experiential learning. Activities Delivered: During the financial year 1 November 2023 – 31 October 2024, Empowr CIC focused on the Physical Wellness and Movement Program, a dynamic branch of EELA designed to encourage active lifestyles and challenge physical boundaries. Key highlights include: 1. Roller-Skating Activities: Engaged over 5,000 participants through roller-skating lessons, sessions, and community events, catering to everyone from young children to older adults. Street Skate Summer Program: A 12-week initiative offering free weekly roller-skating sessions, drawing 50–120 participants per session and creating a vibrant, inclusive environment. Hosted a Street Skate Event in Badalona, with over 300 participants, extending our impact internationally. 2. Participant Impact: Participants described Empowr sessions as an outlet to de-stress, connect with others, and build confidence. Many shared that they experienced significant improvements in both physical fitness and mental well-being. Launched the SK8 Fam Community, giving participants a sense of belonging and an opportunity to engage long-term with the Empowr movement. 3. Empowr Champions Program: Expanded our team of Young Champions, providing them with leadership roles as event marshals and assistants during the Department for Education (DfE) Holiday Activity and Food (HAF) Summer Holiday Program. Our outstanding performance led to an invitation from the Department for Education to deliver the program for a second year. 4. Collaborations and Partnerships: Established a long-term partnership with Bankside Open Space Trust (BOST), becoming their go-to provider for skate-related activities. Delivered a commissioned program for the Lewisham Young Mayor Team, reflecting our trusted reputation for creating impactful, community-centered events. Impact on the Community: Empowr CIC's initiatives have created a positive and lasting impact by: Engaging thousands of individuals in physical activity, promoting fitness and well-being. Building a supportive community where participants felt valued and connected. Providing young people with leadership opportunities through the Empowr Champions Program, equipping them with skills and confidence for future growth. All profits generated by Empowr CIC were reinvested into the organization to support our activities and further our mission of promoting lifelong well-being through experiential learning. Specifically, profits were utilized to: 1. Expand Programs and Activities: a. Covered operational costs associated with delivering the Physical Wellness and Movement Program, including staff remuneration and event coordination. b. Funded the development and delivery of key initiatives like the Street Skate Summer Program and SK8 Fam Community. 2. Acquire Equipment and Resources: a. Purchased roller-skating equipment to ensure accessibility for participants of all ages and skill levels. b. Invested in resources to enhance the quality of our workshops and events. 3. Enhance Community Outreach: a. Allocated funds to marketing and promotional activities to reach a wider audience and encourage community participation. b. Supported the creation and expansion of partnerships with organizations like Bankside Open Space Trust (BOST) and the Lewisham Young Mayor Team. 4. Venue and Operational Costs: a. Covered costs for hiring venues, ensuring safe and suitable spaces for delivering our activities. By reinvesting all profits into our programs and operational infrastructure, Empowr CIC continues to grow its reach and impact, enriching the lives of thousands in the community. By reinvesting all profits into our programs and operational infrastructure, Empowr CIC continues to grow its reach and impact, enriching the lives of thousands in the community.
Empowr CIC does not have formal stakeholders; however, we actively engage with participants, collaborators, and internal contributors to ensure our activities align with community needs and organizational goals. During the year, we utilized multiple avenues to gather feedback and ideas for improvement: Participant Engagement: Feedback was gathered informally at events and sessions, with participant suggestions directly influencing program enhancements. For example: The creation of the SK8 Fam Community was driven by participant recommendations, fostering a stronger sense of connection and belonging. Adjustments to the Street Skate Summer Program were informed by feedback, ensuring accessibility and inclusivity for all ages and skill levels. Organizational Meetings: Regular meetings were held with key contributors to the organization, including event coordinators, program leaders, and volunteers, to evaluate the success of our initiatives and explore opportunities for improvement. These discussions played a critical role in refining event logistics, enhancing participant experience, and ensuring overall program effectiveness. By maintaining open lines of communication with those involved, Empowr CIC continues to evolve and deliver impactful programs that resonate with the community.
The total amount paid or receivable by directors in respect of qualifying services was £13492.50. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
4 February 2025
And signed on behalf of the board by:
Name: Jasmine Nicola Barnett
Status: Director