for the Period Ended 30 September 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2024 | 2023 | |
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£ |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Operating profit(or loss): |
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Profit(or loss) before 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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£ |
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Current assets | |||
Debtors: | 3 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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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 30 September 2024
Basis of measurement and preparation
for the Period Ended 30 September 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 September 2024
2024 | 2023 | |
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£ | £ | |
Other debtors |
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Total |
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for the Period Ended 30 September 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Total |
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During the 12 months ending 30th September 2024 the company has delivered important projects that have benefited the community we serve. Between October 2023 and March 2024 we delivered a training programme in adult numeracy, literacy and IT skills to the residents of hostels for homeless people located in Wolverhampton, Walsall and Sandwell. This was funded by the Lloyds Bank Foundation. The project provided training and human resource development support to 20 people. This project helped at least 4 of them find employment or places on training courses that had a strong pathway into employment (i.e., Job Interview Guarantee projects). The Directors of Speaking Out CIC were pleased with the outcomes of this project because nearly all the participants started out on it with very low levels of adult numeracy, literacy and IT skills. Most of them were also recovering from additional serious challenges in life including being Street Sleepers, Alcoholics and Drug Abusers. Many also had moderate mental health problems. Several participants were also recent arrivals in the UK living on very low incomes. During the year we received support from the Charities Aid Foundation to support young people (mainly aged 16 to 19) who were being accommodated in hostels for homeless people for the first time in their lives. This is a very challenging experience. Speaking Out CIC provided approximately 27 juveniles with a regular adult volunteer to act as a mentor and support worker. We also arranged sports and creative recreational opportunities for them at the weekends. In addition we made sure that they were all registered with a GP and had access to free NHS care and free prescriptions. Speaking Out CIC also helped with small emergency food, toiletries, and clothing grants. We are grateful for the continuing support of volunteers from the British Transport Police in the delivery of this project. During the year the company received a valuable grant from the Peoples Postcode Trust which enabled us to increase the quality and quantity of the services that we can provide to homeless people aged 16 to 20 in the Birmingham City Area. We consider that this project delivered very good results led by a reduction in homelessness amongst the participants. We also received a grant from the National Grid plc Community Matters Fund. This was very helpful to enabling us to support homeless young people with direct aid during the 2023-2024 winter. The directors of Speaking Out CIC consider that the community we serve is better educated, better trained for employment, fitter, safer, better clothed and fed and had effective personalised support because of the company’s activities during the year under review.
The company's stakeholders include:- its directors, volunteers, the managers of the hostels for homeless people where we deliver our services, occasional freelance employees and consultants, Service Users and their friends and families, employers who provide us with work experience placements, organisations in the public, private and voluntary sectors who have given us grants and access to facilities free of charge, our volunteers, our bankers, insurance company and Chartered Accountants. In March 2024 we organised an online general meeting instead of a physical one due to Covid restrictions. We invited all our stakeholders to take part in. Approximately 17 of them logged in using Microsoft Teams and there was a lively exchange of views and opinions which made the event worthwhile. Speaking Out CIC also has a regular dialogue with our stakeholders because we depend on them to help us meet our Service User's complex needs. The company has become more successful as extra people and organisations have come to know about the services that we offer and have decided to engage with us. The interaction with our stakeholders has shaped the delivery of most of our services. It has also enabled us to keep up to date with developments in the healthcare sector regarding the care of people with Autistic Spectrum disorders.
Mr Ian Fellows received £2000 gross remuneration during the year. This was paid in respect of his duties as the Company Secretary/ Mr Basil Ellis received a Directors Fee (£250). Mr Sundeep Singh received a Directors Fee (£250).
No transfer of assets other than for full consideration
This report was approved by the board of directors on
8 February 2025
And signed on behalf of the board by:
Name: Ian Vaughan Fellows
Status: Director