REFUGEES AND ASYLUM SEEKERS COMMUNITIES (RAASC) C.I.C.

Company limited by guarantee

Company Registration Number:
14881764 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 19 May 2023

End date: 31 May 2024

REFUGEES AND ASYLUM SEEKERS COMMUNITIES (RAASC) C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

REFUGEES AND ASYLUM SEEKERS COMMUNITIES (RAASC) C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2024

2024


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 0
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 0
Tax: 0
Profit(or loss) for the financial year: 0

REFUGEES AND ASYLUM SEEKERS COMMUNITIES (RAASC) C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024


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

The notes form part of these financial statements

REFUGEES AND ASYLUM SEEKERS COMMUNITIES (RAASC) C.I.C.

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 17 February 2025
and signed on behalf of the board by:

Name: Ogero Ozoudu Ovie, Andre Pierre Dumoyegha AWOUNOU.
Status: Director

The notes form part of these financial statements

REFUGEES AND ASYLUM SEEKERS COMMUNITIES (RAASC) C.I.C.

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

REFUGEES AND ASYLUM SEEKERS COMMUNITIES (RAASC) C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024
    Average number of employees during the period 2

COMMUNITY INTEREST ANNUAL REPORT

REFUGEES AND ASYLUM SEEKERS COMMUNITIES (RAASC) C.I.C.

Company Number: 14881764 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

RAASC Community Interest Company (CIC) - Non-Trading Report 1. Introduction This report outlines the status and activities of the RAASC Community Interest Company (CIC), which has not engaged in any trading activities during the reporting period. It covers the period from 19 May 2023 to 18 May 2024. As a CIC, the company is bound to operate with a primary focus on benefiting the community and must demonstrate its commitment to social good. 2. Company Overview Name of Company: RAASC Community Interest Company Company Number: 14881764 Date of Incorporation: 19 May 2023 Registered Office Address: 92a Lollard Street, London, SE11 6PX Primary Business Activities: The company is formed with the intent to refugees and asylum seekers communities, by providing free training, support and tools they can use to set up their own business or find employment. We will give them a free laptop, computer, mobile phone that are donated by other companies. CIC Status: The company has been incorporated as a Community Interest Company with the specific aim of benefiting the community as outlined in its governing documents. 3. Non-Trading Status Trading Activities: The company has not undertaken any trading activities during the period under review. There have been no sales of goods or services, nor any income generated from commercial ventures. Reason for Non-Trading: The reasons for non-trading is we are waiting for funding and. 4. Financial Overview Revenue: No revenue has been generated due to the absence of trading activities. Expenditures: There are no expenditures incurred for non-trading activities. Assets and Liabilities: Assets: There are no assets held by the company, such as cash in the bank, equipment, or other property. Liabilities: There are no liabilities or debts owed by the company. 5. Community Impact Although the company has not engaged in trading activities, it has continued to focus on fulfilling its community objectives. Plans for Future Community Impact: The company intends to begin trading activities in the near future with the aim of directly supporting its social objectives. 6. Governance and Compliance The company has maintained compliance with all statutory requirements as per the Companies Act 2006 and the CIC Regulations 2005. Directors and Management: Ogero Ozoudu Ovie, Andre Pierre Dumoyegha AWOUNOU. Community Interest Test: The company continues to adhere to the Community Interest Test to ensure that it operates primarily for the benefit of the community. 7. Future Plans Planned Trading Activities: The company is in the process of seeking funding from UK companies and other funding bodies and also appealing for IT hardware from UK organizations. 8. Conclusion Despite not having traded, RAASC Community Interest Company remains committed to its core purpose of supporting the community and adhering to its obligations under the CIC structure. The company is actively preparing for future activities that will allow it to generate income and achieve its social objectives. Further updates will be provided as trading activities commence.

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
17 February 2025

And signed on behalf of the board by:
Name: Ogero Ozoudu Ovie, Andre Pierre Dumoyegha AWOUNOU.
Status: Director