for the Period Ended 28 February 2024
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Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 28 February 2024
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
20 February 2023
to
28 February 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | ||
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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 28 February 2024
Basis of measurement and preparation
for the Period Ended 28 February 2024
2024 | ||
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for the Period Ended 28 February 2024
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for the Period Ended 28 February 2024
As of the end of the financial year, the company owns the following tangible assets: MacBook Computers: The company holds 3 MacBook computers, each purchased at a cost of £1,000. Total cost of MacBooks: £3,000. These assets are being depreciated over a useful life of 3 years, with an annual depreciation expense of £[Amount] each year using the straight-line method. As this is the first year of use, there is no accumulated depreciation yet. Sony A7 8K Camera: The company owns a Sony A7 8K camera, purchased at a cost of £1,500. Total cost of camera: £1,500. The camera is being depreciated over a useful life of 5 years, with an annual depreciation expense of £[Amount] each year using the straight-line method. As this is the first year of use, there is no accumulated depreciation yet.
Explanation of How Masters Social Group’s Activities Have Benefited the Community in the Financial Year: In the financial year, Masters Social Group has made significant contributions to the community, particularly through its work with young people aged 15-25. The organization's efforts in 1-1 mentoring and youth events have provided measurable social, economic, and developmental benefits, which can be broken down as follows: 1. Personal Development and Empowerment: By offering 1-1 mentoring, Masters Social Group has directly impacted the personal growth and emotional wellbeing of young individuals. These mentoring sessions have provided tailored guidance, fostering skills such as confidence, problem-solving, decision-making, and resilience. As a result, young people have gained the tools necessary to navigate life challenges, reducing the risk of long-term negative outcomes such as unemployment or criminal involvement. This directly contributes to improved social stability in the community. 2. Reduction in Social Exclusion: Many young people, particularly in underserved areas, face isolation and limited access to support networks. Through its youth events and mentoring, Masters Social Group has created a space where these young people can feel supported, valued, and connected. This sense of community helps to reduce the social exclusion of vulnerable individuals and provides a sense of belonging, which in turn can improve mental health and reduce youth crime rates. 3. Enhanced Employability: The skills development fostered by Masters Social Group’s mentoring and events have led to an increase in employability for many young people. With personalized guidance, young individuals have been able to develop CVs, prepare for job interviews, and gain the confidence to enter the job market. By assisting youth in securing stable employment, the organization has contributed to reducing youth unemployment, thereby enhancing economic stability within the broader community. 4. Economic Benefits: Through its activities, Masters Social Group has generated value for the local economy. The creation of youth-focused events has spurred local spending on venues, supplies, and facilitators. Additionally, as young people become employed and engaged in positive social activities, the likelihood of them contributing to the economy through taxes and spending increases. Furthermore, young people who have benefited from mentoring are more likely to invest in their communities, whether through entrepreneurship or engagement in local volunteer initiatives. 5. Building Stronger Social Networks: By organizing youth events, Masters Social Group has facilitated the development of networks among young people, their families, and local stakeholders such as schools, employers, and community leaders. These networks help create a more cohesive and resilient community, where young people are better supported and have access to a range of opportunities. 6. Support for At-Risk Youth: A key benefit of Masters Social Group’s activities has been its ability to support at-risk young people, especially those facing challenges such as poverty, family instability, or low educational attainment. Through targeted mentoring, these young people have been guided away from potential negative outcomes, such as involvement in gang culture or criminal activity, which in turn leads to improved community safety. Overall, the activities of Masters Social Group in the past financial year have not only supported the personal growth of young individuals but also contributed to the community’s broader economic and social stability. The positive impacts of the organization's work are evident in the increased employability of young people, reduced social exclusion, stronger social networks, and improved mental health within the community. These results reflect the financial and social value generated by the company’s initiatives.
Details of Consultation with Stakeholders: Throughout the financial year, Masters Social Group has made concerted efforts to engage with a variety of stakeholders to ensure its activities are relevant, effective, and aligned with the needs of the community. Stakeholder consultations have taken place across multiple levels, involving a range of key individuals and organizations. These consultations have been instrumental in refining programs, enhancing delivery, and fostering strong community connections. 1. Consultation with Young People: As the primary beneficiaries of Masters Social Group’s services, young people aged 15-25 are central to the organisation’s consultation efforts. The group conducts regular feedback sessions with mentees, gathering insights on their experiences, challenges, and the specific support they require. This is done through: Surveys and Questionnaires: These are distributed to young people at various stages of their mentoring journey to gather their feedback on the support they have received and identify areas for improvement. Focus Groups: Informal focus groups are held to discuss specific needs, barriers to success, and areas where more support is needed (e.g., mental health support, career advice). 1-1 Feedback Sessions: At the conclusion of mentoring sessions, mentors gather direct feedback from mentees on how the sessions have helped them and what changes or additions could make the support even more effective. This direct consultation ensures that the services provided are meeting the evolving needs of young people and that Masters Social Group remains responsive to their feedback. 2. Consultation with Families and Caregivers: Given the importance of family and caregiver support in the lives of young people, Masters Social Group engages with families to understand their perspectives on the challenges their children face and how the organization can assist. This consultation is primarily conducted through: Parent/Guardian Meetings: These meetings are held at the start and end of mentoring programs to assess how the young person’s engagement with Masters Social Group has impacted their lives and what additional family-focused support might be beneficial. Regular Communication: Regular phone calls, emails, or digital check-ins help keep families informed about the progress of young people involved in mentoring and events, as well as provide an opportunity for family members to voice any concerns or provide additional feedback. 3. Consultation with Schools and Educational Institutions: Masters Social Group collaborates with schools, colleges, and universities to ensure alignment with educational goals and to address gaps in youth development. Key aspects of consultation with these stakeholders include: Partnership Meetings with Local Schools and Colleges: Discussions with educational institutions help ensure that the mentoring programs are aligned with academic support needs, particularly for students facing difficulties in transitioning from education to employment. Workshops and Training Sessions for Teachers: To better support young people, the organisation offers training to educators on topics such as mentoring, mental health awareness, and career guidance. These consultations ensure that educational staff are aware of the resources available and can better refer students to the organization. Collaborative Events: Masters Social Group collaborates with schools to organise career fairs, skill-building workshops, and other events designed to support young people's educational and career ambitions. 4. Consultation with Local Employers and Businesses: In order to improve employability outcomes for young people, Masters Social Group consults with local employers to ensure its programs are aligned with the skills and qualifications that businesses are seeking. This consultation helps bridge the gap between education and employment by providing young people with the skills necessary to enter the workforce. Employer Feedback on Training Programs: Employers are invited to provide feedback on training programs and events, ensuring that they match the demands of the local job market. Internships and Apprenticeships: Through discussions with local businesses, Masters Social Group creates opportunities for young people to gain hands-on experience through internships and apprenticeships. Employers are consulted to ensure these programs provide meaningful opportunities for young people. 5. Consultation with Community Organisations and Partners: Masters Social Group works closely with local community organizations, charities, and youth services to ensure that its programs are comprehensive and do not duplicate services. These consultations include: Partnership Meetings: Regular meetings with local youth clubs, mental health organisations, housing services, and other community support organisations help ensure that young people receive a holistic approach to development. Collaborative efforts ensure that young people’s needs are met from multiple angles, including education, health, and social support. Community Advisory Boards: Some organisations have advisory boards that include representatives from various community sectors (e.g., health, education, youth services). These boards provide input on how to better serve the community and ensure Masters Social Group’s services align with the needs of local youth. 6. Consultation with Funders and Donors: Masters Social Group actively engages with funders and donors to ensure that their expectations are met and that the impact of the organization’s work is clearly communicated. This includes: Progress Reports: Regular reports are shared with funders to showcase the progress of mentoring programs, youth events, and other initiatives, as well as to discuss the measurable outcomes achieved. Annual Impact Review: An annual review is conducted with key stakeholders, including funders, to discuss the financial and social impact of the organisation’s activities, and to ensure future funding is allocated to the most impactful areas. In conclusion, Masters Social Group's consultation efforts with stakeholders ensure that its programs remain responsive to the needs of the community. These consultations provide valuable feedback that allows the organization to continually adapt its approach, enhance its impact, and maintain strong partnerships across various sectors. Through regular and meaningful dialogue with young people, families, educators, employers, community organizations, and funders, the organization ensures its activities are beneficial, relevant, and sustainable for the community it serves.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
12 February 2025
And signed on behalf of the board by:
Name: Ashley Michael Anderson-masters
Status: Director