AIM 121 CIC

Company limited by guarantee

Company Registration Number:
14233696 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

AIM 121 CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Balance sheet
Additional notes
Community Interest Report

AIM 121 CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

1. Weekly networking and educational service for children and youths from low-income backgrounds and hard to reach communities such as those for whom English is not their first language. 2. Half term activities for children and young people from low-income backgrounds. 3. Weekly music school for children and young people from low-income backgrounds 4. Annual youth retreat for children and young people from low income and hard to reach back grounds.

Company policy on disabled employees

The organisation has a duty of care for all employees. Reasonable adjustments will be made for employees with a disability in line with the equality law, to ensure that as far as is reasonable, disabled workers have the same access to everything involved in undertaking and keeping their role as does a non-disabled worker.



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

Adlyn Barrett
Sharon Scott


The director shown below has held office during the period of
7 June 2024 to 31 July 2024

Chevonie Bonner-Phipps


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
17 April 2025

And signed on behalf of the board by:
Name: Sharon Scott
Status: Director

AIM 121 CIC

Balance sheet

As at 31 July 2024

Notes 2024 13 months to 31 July 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 16,623 16,623
Investments:   0 0
Total current assets: 16,623 16,623
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 16,623 16,623
Total assets less current liabilities: 16,623 16,623
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 16,623 16,623
Members' funds
Profit and loss account: 16,623 16,623
Total members' funds: 16,623 16,623

The notes form part of these financial statements

AIM 121 CIC

Balance sheet statements

For the year ending 31 July 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 17 April 2025
and signed on behalf of the board by:

Name: Sharon Scott
Status: Director

The notes form part of these financial statements

AIM 121 CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

AIM 121 CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 13 months to 31 July 2023
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

AIM 121 CIC

Company Number: 14233696 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

AIM 121 Youth Projects aim to create inspiring opportunities for local youths and their families, fostering growth and empowerment within the community. By establishing meaningful partnerships with both local and national organisations, we strive to enhance the impact of our initiatives. The organisation was formalised in 2021. During the financial year 2023 -2024, the organisation's activities have benefited the community in the following ways: - Our Friday evening youth clubs hosts between 20 and 30 young people and focus on supporting them to stay engaged in education or internships, cultivate entrepreneurial skills, and contribute positively during their free time and within their communities. This supports those who are new to the community and others for whom English is not their first language. Additionally, we host a weekly music school for approximately 25 children and young people from low in-come and hard to reach backgrounds such as those from ethnic minority communities. Here they are taught to play the keyboard, bass guitar or drum. - Up 35 children and young people are engaged in Easter and Summer Half-term daily activities which includes trips to the seaside eg Brighton and Little Hampton, Sky Studios for educational purposes, Greenwich Cutty Sark for history tour. - The annual Youth retreat had 18 young people away for a weekend where they are taught life skills, such as money management, engagement with wildlife and archery and rock climbing.

Consultation with stakeholders

The company’s stakeholders are residents of East Merton, and the surrounding area. The directors of the company have either lived or worked in borough for a number of years and developed the business model for the organisation based on their experience of talking to children and young people and their families and the local council. At the end of a spell of activities such as a retreat or a single activity such as an away day to fill in a short questionnaire about their experience, the food provided, and the staff. This has helped us to build up a profile of the needs of our service users and what we can do to meet them more effectively. Our research has enabled us to identify that all staff needed additional training to identify and effectively interact with those with special educational needs, the type of activities for optimal engagement and to increase ethe number of youth leaders/mentors.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £600. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 April 2025

And signed on behalf of the board by:
Name: Sharon Scott
Status: Director