for the Period Ended 31 March 2025
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2025 | 2024 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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(
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Gross profit(or loss): |
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Administrative expenses: |
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(
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Other operating income: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2025 | 2024 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Accruals and deferred income: |
(
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(
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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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 31 March 2025
Basis of measurement and preparation
for the Period Ended 31 March 2025
2025 | 2024 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2025
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2024 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 March 2025 |
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Depreciation | ||||||
At 1 April 2024 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 March 2025 |
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Net book value | ||||||
At 31 March 2025 |
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At 31 March 2024 |
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for the Period Ended 31 March 2025
2025 | 2024 | |
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£ | £ | |
Other debtors |
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Total |
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for the Period Ended 31 March 2025
2025 | 2024 | |
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£ | £ | |
Other creditors |
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Total |
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Thriving Spaces (Thrive) was launched in October 2020 to support young people who are furthest away from the job market, particularly care-experienced young people and young offenders. Over the past 12 months, Thrive has had more than 3,500 visits from support/social workers, young people and partners. 48 young people have received intensive 1:2:1 wrap-around support with 159 young people moving into work following their journey with Thrive. Thrive has delivered 273 interactive support sessions in partnership with support partners and employers. Support sessions have focused on areas including employability, wellbeing, housing and education. Our work at Thrive is helping to build a truly inclusive economy that tackles deprivation by reaching young people furthest away from the job market. Our work is unique as we also offer a safe space for social/support workers to meet with the young people they care for to build relationships. We believe that all young people have the right to live happy, safe and fulfilling lives. We are helping young people find a purpose and surrounding them with a network of people who have their best interests at heart. Our work also reduces the risks of grooming and exploitation related to this cohort of often vulnerable young people.
The organisations stakeholders include: -Social/support workers -Care experienced young people -Young Offenders -Young Asylum Seekers -Local Authorities -Care support providers -Supported accommodation providers -Training providers Thrive hosts regular meetings with the stakeholders above in the form of focus groups and one to one feedback. Actions we have taken based on feedback includes: -The types of employer/industry professionals who deliver sessions at Thrive -Changing our food and drink offer based on young people's preference -Regular well-being support at Thrive including 1:2:1 counselling -Introducing social support such as yoga and board game sessions for isolation
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
8 April 2025
And signed on behalf of the board by:
Name: Sara Lawton
Status: Director