BLACK COUNTRY INNOVATE C.I.C.

Company limited by guarantee

Company Registration Number:
11310228 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

BLACK COUNTRY INNOVATE C.I.C.

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

BLACK COUNTRY INNOVATE C.I.C.

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

Educational services



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

NASAR IQBAL
ADEEB IQBAL
MOHAMMAD NIDEEM RABBI


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
30 January 2025

And signed on behalf of the board by:
Name: NASAR IQBAL
Status: Director

BLACK COUNTRY INNOVATE C.I.C.

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 99,031 80,925
Cost of sales: ( 31,181 ) ( 21,185 )
Gross profit(or loss): 67,850 59,740
Administrative expenses: ( 66,613 ) ( 59,490 )
Operating profit(or loss): 1,237 250
Profit(or loss) before tax: 1,237 250
Tax: ( 254 ) ( 71 )
Profit(or loss) for the financial year: 983 179

BLACK COUNTRY INNOVATE C.I.C.

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 403 504
Total fixed assets: 403 504
Current assets
Cash at bank and in hand: 24,520 31,455
Total current assets: 24,520 31,455
Creditors: amounts falling due within one year: 4 ( 18,983 ) ( 27,002 )
Net current assets (liabilities): 5,537 4,453
Total assets less current liabilities: 5,940 4,957
Total net assets (liabilities): 5,940 4,957
Members' funds
Profit and loss account: 5,940 4,957
Total members' funds: 5,940 4,957

The notes form part of these financial statements

BLACK COUNTRY INNOVATE C.I.C.

Balance sheet statements

For the year ending 30 April 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 30 January 2025
and signed on behalf of the board by:

Name: NASAR IQBAL
Status: Director

The notes form part of these financial statements

BLACK COUNTRY INNOVATE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Office Equipment over 5 years.

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

BLACK COUNTRY INNOVATE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

BLACK COUNTRY INNOVATE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 1,359 1,359
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 1,359 1,359
Depreciation
At 1 May 2023 855 855
Charge for year 101 101
On disposals
Other adjustments
At 30 April 2024 956 956
Net book value
At 30 April 2024 403 403
At 30 April 2023 504 504

BLACK COUNTRY INNOVATE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,770
Taxation and social security 5,068 7,212
Accruals and deferred income 10,000 16,000
Other creditors 2,145 3,790
Total 18,983 27,002

COMMUNITY INTEREST ANNUAL REPORT

BLACK COUNTRY INNOVATE C.I.C.

Company Number: 11310228 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Tackling Hate Crime and Promoting Cohesion Delivered community-led projects to challenge all forms of hate crime across Walsall and the wider region. Organised key events including: Big Iftar Remembering Srebrenica Brought diverse communities together to reflect, commemorate, and promote unity. Interfaith and Community Engagement Through the Walsall Faith Forum, led interfaith dialogue and collaboration. Launched a video storytelling project showcasing the contributions of local faith communities to society. Facilitated spaces for community voices to be heard on issues of faith, cohesion, and belonging. Youth Empowerment and Violence Reduction Delivered targeted school programmes aimed at diverting young people from violence and knife crime. Emphasised mentoring, positive role models, and community leadership. Mental Health Awareness Produced multilingual video content addressing mental health stigma in underrepresented communities. Promoted access to services and culturally competent support. Skills and Employment Initiatives Supported economically inactive residents through: Accredited training in the security industry. Soft skills development and employment pathways. Ran workshops on leadership, civic participation, and confidence building. Recognition and Awards Named a finalist in the West Midlands Social Economy Awards 2023, under the Excellence in Community Impact category, for outstanding service to the region.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

£12,599

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Nasar Iqbal
Status: Director