POSITIONING YOUTH TO PROSPER (PYP) CIC

Company limited by guarantee

Company Registration Number:
12807869 (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

POSITIONING YOUTH TO PROSPER (PYP) CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

POSITIONING YOUTH TO PROSPER (PYP) 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

Directors

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

Miss Patsy Nelson
Mr Karl Thompson


The director shown below has held office during the period of
1 June 2023 to 26 June 2023

Miss Elizabeth Kelly


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

Mr Michael Bailey


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
19 February 2025

And signed on behalf of the board by:
Name: Miss Patsy Nelson
Status: Director

POSITIONING YOUTH TO PROSPER (PYP) CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,137 781
Total fixed assets: 1,137 781
Current assets
Debtors: 4 0 122
Cash at bank and in hand: 2,358 11,014
Total current assets: 2,358 11,136
Creditors: amounts falling due within one year: 5 ( 3,033 ) ( 11,703 )
Net current assets (liabilities): (675) (567)
Total assets less current liabilities: 462 214
Provision for liabilities: ( 68 ) 0
Total net assets (liabilities): 394 214
Members' funds
Profit and loss account: 394 214
Total members' funds: 394 214

The notes form part of these financial statements

POSITIONING YOUTH TO PROSPER (PYP) 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.

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

Name: Miss Patsy Nelson
Status: Director

The notes form part of these financial statements

POSITIONING YOUTH TO PROSPER (PYP) 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Computer Equipment 3 Years straightline

POSITIONING YOUTH TO PROSPER (PYP) CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

POSITIONING YOUTH TO PROSPER (PYP) 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 866 866
Additions 763 763
Disposals
Revaluations
Transfers
At 31 May 2024 1,629 1,629
Depreciation
At 1 June 2023 85 85
Charge for year 407 407
On disposals
Other adjustments
At 31 May 2024 492 492
Net book value
At 31 May 2024 1,137 1,137
At 31 May 2023 781 781

POSITIONING YOUTH TO PROSPER (PYP) CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 0 122
Total 0 122

POSITIONING YOUTH TO PROSPER (PYP) CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 14
Accruals and deferred income 3,033 11,689
Total 3,033 11,703

COMMUNITY INTEREST ANNUAL REPORT

POSITIONING YOUTH TO PROSPER (PYP) CIC

Company Number: 12807869 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

During the last accounting period, PYP CIC delivered a range of programmes focused on youth empowerment, crime prevention, and careers. We provided mentoring, advocacy, and skills development workshops, supporting young people at risk of poverty and crime. Our initiatives helped participants focus on gaining better GCSE grades and positively impacting their confidence and future prospects. Collaborations with local agencies and funding partners enabled us to expand our reach, offering free resources and support to families. As a result, we have seen a measurable reduction in youth disengagement, improvement in school attendance and increase in positive mental attitude to learning, and life after school.

Consultation with stakeholders

In the past year, PYP CIC has actively engaged with our stakeholders, primarily the young people we serve, their families, local schools, and community organisations through regular feedback sessions, surveys, and collaborative meetings. This ongoing dialogue has been instrumental in refining our programmes to better address the evolving needs of our community. For instance, feedback highlighted a demand for more career’s guidance, leading us to partner with local schools to integrate careers support workshops into our offerings. Additionally, suggestions from participants resulted in the extension of our financial literacy sessions to cover topics like online banking and cryptocurrency, ensuring our content remains relevant and impactful. This collaborative approach has strengthened trust and fostered a sense of ownership among stakeholders, enhancing the overall effectiveness of our initiatives.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £4,750. 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.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
19 February 2025

And signed on behalf of the board by:
Name: Patsy Nelson
Status: Director