for the Period Ended 31 May 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 May 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 June 2023
to
31 May 2024
Secretary
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
(
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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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: | 3 |
(
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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: |
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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: |
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The notes form part of these financial statements
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 May 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 May 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 May 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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The company and projects has been developed over 3 years with extensive community consultation and involvement. I-Pads containing music production software were distributed to young people to reduce the negative impact of social isolation. Zoom meetings were provided to support learning. After Covid restrictions were lifted; young people were cautious about returning to the youth club and feedback showed they wanted to attend a provision that was more bespoke to suit their learning needs as experienced on Zoom. 3 organisations were consulted and chats led by young people with 15 participants were held in designing the project. Organisations involved: Waltham Forest Council, West King College and Joseph Clarkes School. Since 2021 the company have helped 60+ youth receive Music Production and Performance qualifications. 20+ youth work experience opportunities and 4 youth have been employed by Kaalee Training C.I.C.
Monitoring has been built into progress reviews and was given quarterly to partner organisations; ensuring the right content is being delivered and adjustments made if required. Individuals have given feedback if they would prefer more activity that is accessible (in terms of location and hours) and provides opportunity for growth. This was done by evaluation questionnaires. The feedback informed our organisation that young people between 16-21 would prefer workshops taught by active musicians in a music studio as opposed to traditional music lessons.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
12 February 2025
And signed on behalf of the board by:
Name: KALA-LEE, Bhumeet Kumar
Status: Director