BLACK WOMEN ON WHEELS CIC

Company limited by guarantee

Company Registration Number:
14261699 (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

BLACK WOMEN ON WHEELS CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

BLACK WOMEN ON WHEELS CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 1,882 4,978
Cost of sales: ( 2,367 ) ( 3,130 )
Gross profit(or loss): (485) 1,848
Distribution costs: ( 22 )
Operating profit(or loss): (507) 1,848
Profit(or loss) before tax: (507) 1,848
Profit(or loss) for the financial year: (507) 1,848

BLACK WOMEN ON WHEELS CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 1,361 1,847
Total current assets: 1,361 1,847
Net current assets (liabilities): 1,361 1,847
Total assets less current liabilities: 1,361 1,847
Provision for liabilities: ( 1,585 )
Accruals and deferred income: ( 292 )
Total net assets (liabilities): 1,069 262
Members' funds
Profit and loss account: 1,069 262
Total members' funds: 1,069 262

The notes form part of these financial statements

BLACK WOMEN ON WHEELS 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.

This report was approved by the board of directors on 24 April 2025
and signed on behalf of the board by:

Name: Karen Safo - Barnieh
Status: Director

The notes form part of these financial statements

BLACK WOMEN ON WHEELS 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

BLACK WOMEN ON WHEELS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

BLACK WOMEN ON WHEELS CIC

Company Number: 14261699 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Black Women On Wheels (BWOW) helped its community during the financial year 2023-2024: Improved Access to Services and Events: Through income generated from various events like the BWOW 2023 Weekender and brunches (e.g., OXBO brunch payment), BWOW was able to fund and support events that brought together members of the community. These activities helped increase accessibility for women, particularly those in underrepresented groups, by providing spaces for social engagement and empowerment. Supporting Local Economies: BWOW’s involvement in various fundraising initiatives, such as the sale of cycling caps, contributed to local economies by encouraging small-scale production and local commerce. Local businesses that supported these events were also able to gain visibility. Promoting Healthy Living and Fitness: With activities such as cycling events, BWOW made it easier for Black women to engage in physical activities, fostering a stronger sense of community through fitness. These events, which are part of their core mission, empowered women to take charge of their health while building a network of support. Community Impact through Fundraising: The funds raised through various campaigns have been used to support charitable causes that directly benefit Black women, particularly those dealing with discrimination, mental health challenges, and limited access to opportunities. In summary, Black Women On Wheels, through its activities, has contributed to promoting a stronger, healthier, and more connected community, while also supporting local economies, creating awareness on social issues, and empowering women to live better lives.

Consultation with stakeholders

Stakeholder Involvement: Regular Surveys: BWOW engaged with its community regularly via social media platforms to gather feedback on what they would like to see from BWOW. These surveys allowed the community to voice their opinions and preferences, helping to shape the company’s objectives and vision. By understanding the needs and desires of its members, BWOW could better tailor its offerings to meet the evolving expectations of the group. Clarifying Vision and Objectives: BWOW conducted two town hall meetings during the year to provide a platform for members to voice their feedback directly. These meetings enabled the team to clarify the vision and objectives of the organisation, ensuring that all stakeholders, particularly the members, understood and contributed to the direction of BWOW. The feedback from these meetings allowed BWOW to refine its approach and adjust based on the community's needs. Feedback and Engagement: BWOW regularly interacted with its community members through social media and in-person events, asking for suggestions on what types of activities and services they would like to see. This continuous dialogue allowed BWOW to remain responsive and adaptable, ensuring that their mission to empower Black women was always aligned with the needs of the community. Community Engagement for Product Development: BWOW engaged its stakeholders to gather insight into the types of events, services, and products that would best serve the community. Regular feedback helped the team identify popular areas for growth and engagement, such as fitness initiatives and social events. BWOW’s members played a key role in developing the vision for future events and campaigns, ensuring the organisation was always in tune with their needs. Vision and Objectives Clarification: Vision: The core vision of BWOW is to create a space that empowers Black women to thrive, focusing on fitness, health, community engagement, and social justice. Through these efforts, BWOW aims to foster a sense of belonging and solidarity among Black women, supporting each member in their journey of personal and collective empowerment. Objectives: BWOW’s objectives include: Community Building: To offer opportunities for Black women to connect, grow, and support each other. Health and Fitness: To promote physical and mental well-being through cycling and other fitness initiatives. Fundraising and Social Impact: To raise funds for causes that support Black women facing discrimination, economic hardship, and other challenges. Education and Empowerment: To provide resources, mentorship, and training that helps Black women advance in both personal and professional spheres.

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
24 April 2025

And signed on behalf of the board by:
Name: Karen Safo - Barnieh
Status: Director