EMPOWER CAREERS CIC

Company limited by guarantee

Company Registration Number:
14940962 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 16 June 2023

End date: 30 June 2024

EMPOWER CAREERS CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

EMPOWER CAREERS CIC

Profit And Loss Account

for the Period Ended 30 June 2024

12 months to 30 June 2024


£
Turnover: 1,000
Cost of sales: 0
Gross profit(or loss): 1,000
Administrative expenses: ( 330 )
Operating profit(or loss): 670
Profit(or loss) before tax: 670
Tax: ( 128 )
Profit(or loss) for the financial year: 542

EMPOWER CAREERS CIC

Balance sheet

As at 30 June 2024

Notes 12 months to 30 June 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Cash at bank and in hand: 670
Total current assets: 670
Creditors: amounts falling due within one year: 3 ( 128 )
Net current assets (liabilities): 542
Total assets less current liabilities: 542
Total net assets (liabilities): 542
Members' funds
Profit and loss account: 542
Total members' funds: 542

The notes form part of these financial statements

EMPOWER CAREERS CIC

Balance sheet statements

For the year ending 30 June 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 10 March 2025
and signed on behalf of the board by:

Name: Jade Wadey
Status: Director

The notes form part of these financial statements

EMPOWER CAREERS CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

EMPOWER CAREERS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    12 months to 30 June 2024
    Average number of employees during the period 0

EMPOWER CAREERS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Creditors: amounts falling due within one year note

12 months to 30 June 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 128
Accruals and deferred income 0
Other creditors 0
Total 128

COMMUNITY INTEREST ANNUAL REPORT

EMPOWER CAREERS CIC

Company Number: 14940962 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Empower Careers CIC (Empower Careers) is a community interest company created to benefit underrepresented secondary school students aged 15-16 in schools situated in smaller cities and towns. The community interest model means that any assets of the company, including any cash put into the company, are locked into the company and that there are restrictions for how it can be used, such as only being used for the benefit of the stakeholder group cited above. During the financial year 2023-2024, the foundation behind Empower Careers began development in several ways. Firstly, we received a grant of £1,000 from the University of Nottingham to use towards developing Empower Careers, which has been used to help with making a website and developing our branding. Empower Careers was represented on a programme by the University of Southampton to develop Empower Careers, including through participation on a public panel event; and we began development of a podcast and white paper to release to the public.. Due to a difficulty in entering the employability market for our chosen demographic, we conducted the above activities as an alternative means to interact with key stakeholders, and are looking at ways to benefit the community using digital means. Due to the small team behind Empower Careers, we are aiming to expand the team in the future to enable a more efficient way of working towards and achieving our goals of benefitting the community.

Consultation with stakeholders

Key stakeholders for Empower Careers include young people, their parents and teachers within the careers and employability space. We reached out to members in the community, including teachers at several schools in the Solent region and members of the University of Southampton who work with such schools, in order to determine the local needs when it comes to employability for 15-16 year olds. We have not heard back from a majority of those we reached out to, but our limited research has led to an identification that there is a lack of resources available for schools to properly provide employability workshops and other such useful tools themselves. In terms of a further consultation to enable us to determine what we can offer in terms of at Empower Careers, we are hoping to continually engage with members of the community to find alternative ways we can provide support in an accessible manner. We have faced a difficulty in entering the employability space due to the nature of the stakeholders being young adults, the fact we are a new company and due to our limited resources. As a result, we are looking into alternative ways to engage with the community that also upholds Empower Career’s goals of providing employability benefits to the individuals identified in Part 1.

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
10 March 2025

And signed on behalf of the board by:
Name: Jade Wadey
Status: Director