CENTER OF EXCELLENCE C.I.C.

Company limited by guarantee

Company Registration Number:
13783758 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

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Contents of the Financial Statements

for the Period Ended 31 December 2024

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

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Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 97,143 74,888
Cost of sales: ( 22,636 ) ( 35,656 )
Gross profit(or loss): 74,507 39,232
Administrative expenses: ( 75,339 ) ( 36,966 )
Other operating income: 832
Operating profit(or loss): 0 2,266
Profit(or loss) before tax: 0 2,266
Tax: ( 1,171 )
Profit(or loss) for the financial year: 0 1,095

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Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0
Tangible assets: 3 180 0
Investments:   0
Total fixed assets: 180 0
Current assets
Debtors: 4 4,466 0
Cash at bank and in hand: 3,231
Investments: 5 1,095
Total current assets: 7,697 1,095
Prepayments and accrued income: 1,329 0
Net current assets (liabilities): 9,026 1,095
Total assets less current liabilities: 9,206 1,095
Creditors: amounts falling due after more than one year: 6 ( 1,095 )
Accruals and deferred income: ( 9,206 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 December 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 9 April 2025
and signed on behalf of the board by:

Name: Ms Hawa Abdi
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

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Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 3

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Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 0 0
Additions 180 180
Disposals
Revaluations
Transfers
At 31 December 2024 180 180
Depreciation
At 1 January 2024 0 0
Charge for year 0 0
On disposals
Other adjustments
At 31 December 2024 0 0
Net book value
At 31 December 2024 180 180
At 31 December 2023 0 0

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Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Trade debtors 4,466
Prepayments and accrued income 0
Total 4,466 0

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Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Current assets investments note

Office furnitures

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Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due after more than one year note

  2023
  £
Bank loans and overdrafts 0
Other creditors 1,095
Total   1,095

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 13783758 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

From 1st January to 31st December 2024, the Centre of Excellence delivered more services and support than in any previous year. We proudly extended our outreach to Grahame Park residents from all backgrounds, with a continued focus on supporting Somali and wider BAME communities. Throughout the year, we organised a variety of initiatives designed to complement our core programmes. We believe that for communities to grow and thrive, there must be space for understanding, connection, and mutual support. Our vision is to create a safe and welcoming environment where people from all backgrounds can come together, share their experiences, and encourage one another in achieving their own self-defined goals. These activities focused on health and emotional wellbeing, culture and heritage, learning and development, and sports and leisure. Notable successes included the third running year of the Grahame Park Football Club and our much-celebrated Eid al-Fitr community breakfast, both of which fostered unity, engagement, and a strong sense of belonging among residents.

Consultation with stakeholders

Our advocacy and consultation sessions have played a vital role in supporting individuals through a range of personal and practical challenges as well as combating homelessness and eviction notices. These sessions provide targeted guidance, resources, and referrals, empowering participants to make informed decisions and take confident steps forward. By working collaboratively with stakeholders and local service providers, we were able to secure tenancies, getting social housing for families locally and ensuring that our support is responsive to the community’s evolving needs. This work demonstrates our commitment to fostering trust, addressing inequalities, and creating positive, lasting change for those who rely on our services.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Ms Hawa Abdi
Status: Director