SOUL PURPOSE 360 C.I.C.

Company limited by guarantee

Company Registration Number:
12217224 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

SOUL PURPOSE 360 C.I.C.

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

SOUL PURPOSE 360 C.I.C.

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 57,097 21,344
Cost of sales: 0 ( 420 )
Gross profit(or loss): 57,097 20,924
Administrative expenses: ( 56,816 ) ( 19,157 )
Operating profit(or loss): 281 1,767
Profit(or loss) before tax: 281 1,767
Tax: ( 53 ) ( 701 )
Profit(or loss) for the financial year: 228 1,066

SOUL PURPOSE 360 C.I.C.

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 1,239
Total fixed assets: 0 1,239
Current assets
Cash at bank and in hand: 47,026 17,217
Total current assets: 47,026 17,217
Creditors: amounts falling due within one year: 4 ( 43,079 ) ( 15,551 )
Net current assets (liabilities): 3,947 1,666
Total assets less current liabilities: 3,947 2,905
Provision for liabilities: ( 1,325 ) 0
Total net assets (liabilities): 2,622 2,905
Members' funds
Profit and loss account: 2,622 2,905
Total members' funds: 2,622 2,905

The notes form part of these financial statements

SOUL PURPOSE 360 C.I.C.

Balance sheet statements

For the year ending 30 September 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 20 March 2025
and signed on behalf of the board by:

Name: Palma Elizabeth Black
Status: Director

The notes form part of these financial statements

SOUL PURPOSE 360 C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 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 comprises the invoiced value of goods and services supplied by the company.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following

    Other accounting policies

    Restricted Grants are received for specific projects or purposes that are not spent within the financial year it is received. The grants are deferred to be utilised in subsequent years. Taxation Soul Purpose 360 C.I.C is committed to fulfilling its tax obligations on unrestricted income to comply with statutory requirements and contribute to the community responsibly.

SOUL PURPOSE 360 C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 0

SOUL PURPOSE 360 C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 1,239 1,239
Additions 0 0
Disposals
Revaluations
Transfers
At 30 September 2024 1,239 1,239
Depreciation
At 1 October 2023 0 0
Charge for year 0 0
On disposals
Other adjustments 1,239 1,239
At 30 September 2024 1,239 1,239
Net book value
At 30 September 2024 0 0
At 30 September 2023 1,239 1,239

SOUL PURPOSE 360 C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 53 250
Accruals and deferred income 43,026 15,301
Total 43,079 15,551

COMMUNITY INTEREST ANNUAL REPORT

SOUL PURPOSE 360 C.I.C.

Company Number: 12217224 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Soul Purpose 360 CIC remains deeply committed to community development by empowering Black women through personal growth. By blending personal development with community action, we continue to inspire confidence, motivation, and resilience helping women overcome personal challenges and make meaningful contributions to society. Our mission is to support women who face barriers to community participation, enabling them to create purposeful community initiatives that bring value to wider society. Organisational Growth & Key Milestones (2023–2024) This has been a landmark year for Soul Purpose 360, marked by significant growth and impact: Black Women’s Networking & Empowerment Circle has continued to expand across social media platforms, offering a safe and supportive space for engagement and connection. DefinitionRedefined Campaign launched to challenge limiting narratives and redefine empowerment for Black women. Secured £201,260 from The National Lottery Community Fund; programme delivery began in March 2024. Hired three part-time staff in May 2024: CEO, Local Groups Development Officer, and Marketing & Communications Officer. Active Local Groups, particularly in London, delivered 52 empowerment workshops, reaching 455 women. Soul Purpose 360 Croydon (Resilient Women Build Communities), funded by People’s Health Trust since Feb 2023, has held nearly 50 workshops, with over 600 women on the mailing list. Graduates from our Empowered Me! Impact Study programmes have gone on to start businesses, and social enterprises, and report transformative personal development. Ongoing participation in Sounddelivery Media’s programme has helped raise our profile, resulting in national media exposure. CEO Palma Black won Bronze in the Women Changing the World Awards (May 2024) – Coach of the Year category. CEO has been featured on numerous national podcasts and community radio shows. Strengthened Advisory and Board membership, enhancing our organisational resilience and diversity of thought. Built strategic alliances with external partners, expanding our capacity to refer members to specialised support services via our national Black Women’s Networking & Empowerment Circle. Impact & Engagement Our reach and impact continue to grow, with the following highlights: National membership has grown to over 1,500, with strong engagement across the UK and beyond. 62 beneficiaries received coaching, mentoring, and personalised support to improve their lives and extend impact to their communities. Hosted 52 in-person monthly events across Croydon, Lewisham, Southwark, Newham, and Lambeth. 28 new volunteers were trained and mentored to facilitate local groups. 48 members were given opportunities to lead workshops and share their expertise. Hosted monthly online thematic events through the Black Women’s Networking & Empowerment Circle. Shared consistent social media content, and blogs, and supported member-led initiatives online.

Consultation with stakeholders

Member Engagement and Stakeholder Involvement Soul Purpose 360 CIC continues to operate as a member-led social enterprise, with a growing number of ways for members to shape and influence the direction of the organisation. Our approach is dynamic and responsive, allowing for both structured consultation and informal engagement. By cultivating a culture of openness, we invite ongoing feedback and encourage members to participate actively in the organisation’s development. Our primary stakeholders include Black women, along with the businesses and organisations they lead. We also work closely with organisations that support our key beneficiaries, such as housing associations and local authorities many of whose representatives are also members, advocates, and supporters. Additionally, our funders play a critical role in enabling us to deliver our programmes and expand our impact. Member involvement is deeply embedded in all aspects of our work. Members sit on both the board and advisory board, helping to shape strategic direction. They also serve as volunteer facilitators of local groups in their communities, contributing equally without hierarchical barriers. These facilitators play a key role in deciding workshop topics, planning activities, and shaping the development of local groups. Local WhatsApp groups, administered by community members, create space for collaboration and influence. Members participate in polls, suggest workshop ideas, and share updates, enabling a collective approach to decision-making. Members were also central to developing the Volunteer Facilitators Policy and Role Description and played a key role in identifying the training needed to build confidence and effectiveness. To strengthen peer support and coordination, we host quarterly national committee meetings for local group facilitators to connect, share experiences, and help guide future developments. Members have also initiated sub-groups such as a Gardening Club and a Book Club, further enriching the community experience. For members not aligned with a local group, our national WhatsApp group serves as a hub for updates, feedback, and suggestions. We welcome opportunities to connect directly with members, including through community stalls and outreach activities, which help promote the organisation and attract new members. Other social safe spaces, such as our closed Facebook group, provide additional opportunities for dialogue and influence. Directors and staff maintain open lines of communication and actively encourage two-way feedback. Members have also contributed to funding applications, offering ideas and collaborating on bids. When strategic decisions are needed, we host thematic focus groups to ensure members have a voice in shaping the organisation’s future. Members have also been involved in reviewing and informing the organisation’s strategies and policies, reinforcing our belief that those we serve should be central to everything we do.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £11,249.99

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Palma Elizabeth Black
Status: Director