GINAS FOR THE COMMUNITY CIC

Company limited by guarantee

Company Registration Number:
13921957 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

GINAS FOR THE COMMUNITY CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

GINAS FOR THE COMMUNITY CIC

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

The principal activities of Gina’s for the Community focus on tackling food insecurity, enhancing employability skills, raising awareness, and encouraging community involvement. We collect surplus food from retailers to avoid waste and provide hot, fresh meals to homeless and less fortunate individuals. Through our LEEP programme, young people gain vital employability skills, including CV writing, job hunting, and interview preparation, alongside completing a Level 2 Food and Hygiene Manufacturing course. Participants also engage in meal preparation, distribute food in the community, and collaborate on an awareness video addressing social issues, inspiring others to take action. To further support their transition into employment, we provide funding for interview clothing. Additionally, we actively raise awareness of social challenges and encourage wider community participation in supporting vulnerable individuals.

Company policy on disabled employees

Gina’s for the Community is committed to promoting equality and inclusivity in the workplace, ensuring that individuals with disabilities are treated fairly and given equal opportunities for employment, development, and career progression. We provide reasonable adjustments in recruitment, training, and the workplace to accommodate the needs of disabled employees. Our policy ensures that all employees, regardless of disability, have access to a supportive working environment, including necessary adaptations to facilities, flexible working arrangements, and ongoing support. We actively encourage applications from individuals with disabilities and work to remove barriers to employment. Additionally, we provide training to staff to raise awareness of disability inclusion and ensure compliance with relevant legislation.



Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 28 February 2024

Daniel Israel Obadiaru
Nadine Leonia Charlemagne
Amber Takara Noel
Leighanne Marie Grubb
Jaron Jerome Williams


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
26 February 2025

And signed on behalf of the board by:
Name: Daniel Israel Obadiaru
Status: Director

GINAS FOR THE COMMUNITY CIC

Balance sheet

As at 28 February 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:   0 0
Cash at bank and in hand: 100 69
Investments:   0 0
Total current assets: 100 69
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 100 69
Total assets less current liabilities: 100 69
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): 100 69
Members' funds
Profit and loss account: 100 69
Total members' funds: 100 69

The notes form part of these financial statements

GINAS FOR THE COMMUNITY CIC

Balance sheet statements

For the year ending 28 February 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 26 February 2025
and signed on behalf of the board by:

Name: Daniel Israel Obadiaru
Status: Director

The notes form part of these financial statements

GINAS FOR THE COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 28 February 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

    Gina’s for the Community is committed to maintaining financial sustainability and ensuring efficient use of resources to support our mission. Our turnover policy outlines our approach to managing income, monitoring financial performance, and maintaining stability for our programmes. Revenue Sources: Our income is generated through grants, donations, partnerships, and fundraising activities. We actively seek funding from various sources, including charitable foundations, corporate sponsors, and government initiatives, to sustain and expand our programmes. Financial Monitoring: We implement regular financial reviews to track income and expenditure, ensuring that funds are allocated effectively to support our core activities, such as the LEEP programme, food distribution, and employability training. Diversification of Income: To reduce dependency on a single funding source, we pursue multiple revenue streams, including community fundraising, grant applications, and corporate partnerships. Sustainability Planning: We assess funding needs for both short-term projects and long-term initiatives, ensuring that we can continue delivering essential services without financial disruption. Risk Management: We maintain contingency plans to address potential financial shortfalls, ensuring that critical services, such as food distribution for the homeless and employability training for young people, remain operational. By implementing this turnover policy, Gina’s for the Community ensures financial stability while continuing to make a meaningful impact on the community.

    Tangible fixed assets depreciation policy

    Gina’s for the Community applies the following policy regarding the depreciation of tangible fixed assets: Asset Recognition: Tangible fixed assets are defined as physical assets that are expected to be used for more than one financial year, such as equipment, furniture, and vehicles, and are recorded on the balance sheet at their purchase cost. Depreciation Method: We use the straight-line method of depreciation, which allocates an equal amount of depreciation expense each year over the asset's useful life. Useful Life: The estimated useful lives of fixed assets are determined based on industry standards and the specific nature of the asset. For example: Furniture and office equipment: 3 to 5 years Vehicles: 4 to 7 years Computer equipment and software: 3 to 5 years Residual Value: The residual value (the expected value of the asset at the end of its useful life) is taken into account when calculating depreciation. If no residual value is expected, full depreciation is applied over the asset's useful life. Impairment: If there is any indication that the carrying value of an asset exceeds its recoverable amount, an impairment review will be carried out, and the asset’s value will be adjusted accordingly. Annual Review: The useful life and depreciation method are reviewed annually to ensure that the policy remains appropriate and accurate. This depreciation policy ensures that tangible fixed assets are fairly represented in our accounts, in line with accounting standards, and reflects their gradual loss of value over time.

    Intangible fixed assets amortisation policy

    Gina’s for the Community adopts the following policy regarding the amortisation of intangible fixed assets: Asset Recognition: Intangible fixed assets are defined as non-physical assets that provide future economic benefits and are expected to be used for more than one financial year. This includes assets such as software licenses, trademarks, patents, and goodwill. Amortisation Method: We apply the straight-line method of amortisation, which distributes the cost of the intangible asset evenly over its estimated useful life. Useful Life: The estimated useful lives of intangible fixed assets are determined based on the nature of the asset and industry standards. Typical useful lives include: Software licenses: 3 to 5 years Trademarks and patents: 10 to 20 years (depending on legal protections) Goodwill: Indefinite, but subject to annual impairment testing Residual Value: Intangible assets generally do not have a residual value; therefore, full amortisation is applied over their estimated useful life. Impairment Review: If there are indications that an intangible asset may be impaired (e.g., a significant decline in its market value), an impairment review will be conducted, and the asset's carrying amount will be adjusted as necessary. Annual Review: The useful life and amortisation method of intangible assets are reviewed annually to ensure accuracy and appropriateness in accordance with accounting standards.

    Valuation information and policy

    Gina’s for the Community establishes the following policy for the valuation of assets and liabilities to ensure accurate financial reporting and compliance with relevant accounting standards: Purpose of Valuation: This policy outlines the principles and procedures for valuing tangible and intangible assets, investments, and liabilities to reflect their fair value in the financial statements. Valuation Basis: Assets and liabilities are valued based on the following methods. Historical Cost. Tangible fixed assets are recorded at their original purchase cost, including any directly attributable costs necessary to bring the asset to its intended use. Fair Value. Where applicable, investments and certain financial instruments are valued at fair value, reflecting the price at which an asset would trade in an orderly transaction between market participants. Net Realisable Value. Inventory is valued at the lower of cost and net realisable value, ensuring that the carrying amount does not exceed the amount expected to be recovered from its sale. Valuation of Intangible Assets: Intangible assets are initially recognised at cost. Subsequent valuations will consider factors such as market conditions, legal protections, and useful life estimates, ensuring that they are reported accurately in financial statements. Impairment Testing. Regular impairment reviews will be conducted for both tangible and intangible assets. If the carrying amount exceeds the recoverable amount, an impairment loss will be recognised. Documentation and Transparency. All valuation methods and assumptions used will be documented, and any significant judgments made during the valuation process will be disclosed in the financial statements. Compliance with Standards: This policy is designed to comply with relevant accounting standards and regulatory requirements, ensuring transparency and accuracy in financial reporting.

GINAS FOR THE COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 7 7

GINAS FOR THE COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Loans to directors

Gina’s for the Community has not issued any loans to directors. The organisation maintains a policy of transparency and accountability, ensuring that any transactions with directors are conducted in compliance with applicable laws and regulations. There are no outstanding loans or financial arrangements between the organisation and its directors.

COMMUNITY INTEREST ANNUAL REPORT

GINAS FOR THE COMMUNITY CIC

Company Number: 13921957 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

Over the past financial year, Gina’s for the Community has made a significant impact by supporting vulnerable individuals and fostering community development. Tackling Food Insecurity: We have collected surplus food from various retailers and distributed hot, fresh meals to homeless and less fortunate individuals, reducing food waste while providing essential nourishment. Youth Employment Programme: Through our LEEP programme, young people have gained vital employability skills, including CV writing, job hunting, and interview preparation. Participants have also completed their Level 2 Food and Hygiene Manufacturing course, equipping them with industry-recognised qualifications. Community Engagement: Young people have been actively involved in preparing and distributing meals to homeless individuals, fostering responsibility and social awareness. They also collaborated to produce an awareness video addressing important social issues. Support Beyond Employment: At the end of the programme, participants received funding to purchase interview clothing, helping them transition into the workforce with confidence. Collaborations and Volunteer Support: We have partnered with various organizations to secure additional food, clothing, and volunteer support, strengthening our ability to serve the community. Grant Funding: We have received grants from multiple organisations, including the Walcott Foundation, Thriving Fiveways, and Sainsbury’s, which have enabled us to fund cohorts, provide essential training, and expand our impact. Through these efforts, Gina’s for the Community has made a lasting difference, empowering young people and supporting vulnerable individuals across the community.

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
26 February 2025

And signed on behalf of the board by:
Name: Daniel Obadiaru
Status: Director