for the Period Ended 31 October 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 October 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
20 October 2023
to
31 October 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | ||
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | ||
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Current assets | |||
Cash at bank and in hand: |
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Creditors: amounts falling due within one year: | 3 |
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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 October 2024
Basis of measurement and preparation
for the Period Ended 31 October 2024
2024 | ||
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Average number of employees during the period |
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for the Period Ended 31 October 2024
2024 | ||
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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At Dovely Homes CIC, we provide safe, affordable and quality accommodation for young people getting back on their feet and for those experiencing homelessness. Over the past year, we conducted a thorough review of our internal processes, introducing updated record-keeping systems and formalising staff training on relevant legislation and local authority standards. By centralising administrative tasks and automating routine procedures, we reduced paperwork bottlenecks and improved turnaround times for new applicants. These measures not only enhanced efficiency but also ensured we remain fully compliant with the latest regulatory requirements, allowing us to maintain high service standards and provide safe, reliable accommodation for those most in need. We have also implemented several strategic initiatives that have streamlined our operations and strengthened our regulatory compliance. Our commitment to meeting the needs of vulnerable groups has allowed us to build trust with local authorities, charities, and community partners. Moving forward, we plan to broaden our impact in the following ways: Enhanced Support Services: Develop comprehensive programmes including life-skills training, employment workshops, and mental health support to help residents gain confidence and self-sufficiency. Community Integration: Host regular forums and drop-in sessions to foster stronger connections between our residents and local organisations, encouraging collaboration, networking, and community pride. Collaboration with Local Stakeholders: Work closely with councils, social services, and charities to streamline referrals and ensure a seamless process for those in need of immediate housing solutions. Ongoing Regulatory Excellence: Continue to refine our compliance framework, maintaining transparent processes that safeguard residents, staff, and partners alike.
Dovely Homes CIC recognises local councils, charities, local colleges, and the young people we support as our primary stakeholders. We also liaise with mental health providers, job training centres, and other community organisations that collaborate in our mission to assist individuals in need. Consultation Methods We engage these stakeholders through regular feedback sessions, in-person meetings, and online surveys. This helps us understand emerging needs, refine our housing services, and identify opportunities for collaboration. Actions Taken in Response to Feedback Job Skills Workshops: We introduced career-readiness sessions in partnership with a local training provider, offering practical support for those seeking employment. Streamlined Application Process: We simplified our intake procedures to reduce waiting times and make our services more accessible. Enhanced Mental Health Support: We strengthened ties with mental health charities to ensure residents can quickly access professional counselling and related services. Education Pathways: We assist our residents in accessing adult education and other suitable educational programmes, helping them progress in both personal and professional development. Outcome By incorporating stakeholder feedback, Dovely Homes CIC has improved service delivery, increased resident satisfaction, and fostered a more supportive environment for vulnerable individuals on their journey to independence.
Full details of directors’ remuneration are included in the company accounts. There were no other transactions or arrangements relating to directors’ remuneration, or compensation for directors’ loss of office, which require disclosure. Directors' remuneration for the year came to £11,667
No transfer of assets other than for full consideration
This report was approved by the board of directors on
15 March 2025
And signed on behalf of the board by:
Name: Ugochi Okonor
Status: Director