THINKING BLACK CIC

Company limited by guarantee

Company Registration Number:
12744043 (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

THINKING BLACK CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THINKING BLACK CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 0 1,030
Investments:   0 0
Total fixed assets: 0 1,030
Current assets
Stocks: 4 1,920 0
Debtors: 5 11,000 0
Cash at bank and in hand: 8,659 20,281
Investments:   0 0
Total current assets: 21,579 20,281
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 23,688 ) ( 25,135 )
Net current assets (liabilities): (2,109) (4,854)
Total assets less current liabilities: (2,109) ( 3,824)
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): (2,109) (3,824)
Members' funds
Profit and loss account: (2,109) ( 3,824)
Total members' funds: ( 2,109) (3,824)

The notes form part of these financial statements

THINKING BLACK 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: Hope Oloye
Status: Director

The notes form part of these financial statements

THINKING BLACK 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

    Tangible fixed assets depreciation policy

    Computer Equipment 33%

THINKING BLACK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 6

THINKING BLACK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 3,088 3,088
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 July 2024 3,088 3,088
Depreciation
At 1 August 2023 2,058 2,058
Charge for year 1,030 1,030
On disposals 0 0
Other adjustments 0 0
At 31 July 2024 3,088 3,088
Net book value
At 31 July 2024 0 0
At 31 July 2023 1,030 1,030

THINKING BLACK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Stocks

2024 2023
£ £
Stocks 1,920 0
Payments on account 0 0
Total 1,920 0

THINKING BLACK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors

2024 2023
£ £
Trade debtors 11,000 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 11,000 0
Debtors due after more than one year: 0 0

THINKING BLACK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 512 513
Taxation and social security 96 196
Other creditors 23,080 24,426
Total 23,688 25,135

COMMUNITY INTEREST ANNUAL REPORT

THINKING BLACK CIC

Company Number: 12744043 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Thinking Black is a community interest company that supports Black British state school students across the UK. We have worked with over 1800 young Black British students through the curation and administration of interdisciplinary programmes and mentorship. We deliver academic content that is culturally relevant and provide key skills sessions to young people. Our programmes facilitate critical thinking, independent research, and high-level academic writing, scientific research and creative output among Black state-school students. In doing so, we encourage the active participation of young people in the conversations that impact them. This year we supported over 800 students across the UK through the running of lectures and seminars. This year we also sold our services to schools and university departments, running workshops and holding tailored outreach programmes. We also continued to sell copies of our anthology. Through the provision of our academic and creative training and the publication of student work, we work to empower the Black community and invite young people and educators to creatively imagine and design their future.

Consultation with stakeholders

The company’s activities aim to benefit Black British state school students and the young Black people that are hired to teach and lead our programmes. We held a focus group with both our students and our facilitators. We continued to collect feedback from all of our students. Group feedback was again very positive, all of the participants on our programmes stated they enjoyed the lectures we offered, and over 94% found the programme increased their confidence in writing and in academic work in general. We supported over 90% of students in reaching Russell group and research intensive universities. Again, 100% of students said they would encourage their friends to sign up for our programmes. We also found out that students would enjoy more one-off lectures and masterclasses, would like more career mentorship. We have taken action on all of these learning, by securing grants to build online programmes, update and increase our lecture offerings and setting up more career support channels and opportunities.

Directors' remuneration

Director remuneration amounting to £12,548.00

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
6 January 2025

And signed on behalf of the board by:
Name: Hope Oloye
Status: Director