MC INSPIRED TOGETHER CIC

Company limited by guarantee

Company Registration Number:
14187671 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

MC INSPIRED TOGETHER CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

MC INSPIRED TOGETHER CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

translation and interpretation activities.



Directors

The director shown below has held office during the whole of the period from
1 July 2023 to 30 June 2024

Stefka Zdravkova Stoianova


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
21 March 2025

And signed on behalf of the board by:
Name: Stefka Zdravkova Stoianova
Status: Director

MC INSPIRED TOGETHER CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 201 326
Cash at bank and in hand: 48 17
Total current assets: 249 343
Creditors: amounts falling due within one year: 4 ( 2,090 ) ( 1,264 )
Net current assets (liabilities): (1,841) (921)
Total assets less current liabilities: (1,841) ( 921)
Total net assets (liabilities): (1,841) (921)
Members' funds
Profit and loss account: (1,841) ( 921)
Total members' funds: ( 1,841) (921)

The notes form part of these financial statements

MC INSPIRED TOGETHER 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.

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 21 March 2025
and signed on behalf of the board by:

Name: Stefka Zdravkova Stoianova
Status: Director

The notes form part of these financial statements

MC INSPIRED TOGETHER 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Other accounting policies

    Basis of preparing the financial statements The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MC INSPIRED TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 3

MC INSPIRED TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Debtors

2024 2023
£ £
Other debtors 201 326
Total 201 326

MC INSPIRED TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 96 360
Accruals and deferred income 1,860 540
Other creditors 134 364
Total 2,090 1,264

COMMUNITY INTEREST ANNUAL REPORT

MC INSPIRED TOGETHER CIC

Company Number: 14187671 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The company provides help and support to all EU Migrant communities including those in need of mental health support, language education, community development and cohesion in Somerset. During the financial year 2023-2024, the company has benefited the community in the following ways:- English Language & Mathematics Lessons We have undertaken block session lessons to teach basic English and numeracy skills to those in need - due to low education and limited language knowledge, the community requires help in learning the English language and basic numeracy to assist with accessing basic activities such as filling out forms, setting up meetings with the social sector, schools and nurseries, and the health care sector. Interpreting & Translation We have assisted people in the community by helping with translating forms and documentation for such things as renting houses, welfare rights, childrens access to schools, medical and dental services, alongside this we have helped interpreted at face to face meetings. Cultural Events We have hosted a number of cultural events transcending multiple cultures and communities to provide support and a safe place for them to find new friendships and build a support network. Events including a Christmas party for children from 5 different nationalities to meet Santa, enjoy arts and crafts, and play games. Wellbeing Workshops We hosted several sessions of multidiscipline well-being therapies (including yoga and hyponotherapy) for members of the migrant communities interested in alternative methods of dealing with anxiety, distress and well-belling issues.

Consultation with stakeholders

The company’s stakeholders are those individuals from the Bulgarian community and all EU Migrant communities. The directors of the company are part of the community and regularly speak to individuals of the community to ask what support and events could be provided by them to help with integration within the local communities and their well being.

Directors' remuneration

Director remuneration is found in note 6, page 6 The directors remuneration is split asfollows:- Viviana Soledad Riveros Rybertt £1299 Stefka Zdravkova Stoianova £16140

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 March 2025

And signed on behalf of the board by:
Name: Stefka Zdravkova Stoianova
Status: Director