WE ARE FINLIT CIC

Company limited by guarantee

Company Registration Number:
12601145 (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

WE ARE FINLIT CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WE ARE FINLIT CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 313 0
Cash at bank and in hand: 11,496 0
Investments:   0 0
Total current assets: 11,809 0
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 12,508 ) ( 1,664 )
Net current assets (liabilities): (699) (1,664)
Total assets less current liabilities: (699) ( 1,664)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (699) (1,664)
Members' funds
Profit and loss account: (699) ( 1,664)
Total members' funds: ( 699) (1,664)

The notes form part of these financial statements

WE ARE FINLIT 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 11 February 2025
and signed on behalf of the board by:

Name: Trei Reid-Henry
Status: Director

The notes form part of these financial statements

WE ARE FINLIT 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

WE ARE FINLIT 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

WE ARE FINLIT CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

2024 2023
£ £
Trade debtors 313 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 313 0
Debtors due after more than one year: 0 0

WE ARE FINLIT CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1 37
Accruals and deferred income 11,315 435
Other creditors 1,192 1,192
Total 12,508 1,664

COMMUNITY INTEREST ANNUAL REPORT

WE ARE FINLIT CIC

Company Number: 12601145 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

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 fair and accurate description of how they have benefited the community, or section of the community, which the company is intended to serve. The organisation aim to and has taught financial literacy to students aged 13-18. We have delivered a number of hours of deliverables in Peckham and also partnered with Clifford chance to deliver sessions to those on their graduate program.

Consultation with stakeholders

Students aged 13-18 - feedback form on learning and experience School survey - Feedback form on student experience

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
11 February 2025

And signed on behalf of the board by:
Name: Trei Reid-Henry
Status: Director