BOSS & BREW ACADEMY C.I.C.

Company limited by guarantee

Company Registration Number:
13485369 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

BOSS & BREW ACADEMY C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

BOSS & BREW ACADEMY C.I.C.

Directors' report period ended 30 June 2024

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

Directors

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

S Hassan
N Hodgkinson
I Abdi


The director shown below has held office during the period of
1 July 2023 to 27 May 2024

J Hodgkinson


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
13 May 2025

And signed on behalf of the board by:
Name: N Hodgkinson
Status: Director

BOSS & BREW ACADEMY C.I.C.

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 41,693 20,637
Cost of sales: ( 8,339 ) ( 6,476 )
Gross profit(or loss): 33,354 14,161
Administrative expenses: ( 29,573 ) ( 13,949 )
Other operating income: 17,320 36,040
Operating profit(or loss): 21,101 36,252
Profit(or loss) before tax: 21,101 36,252
Tax: ( 4,995 ) ( 5,340 )
Profit(or loss) for the financial year: 16,106 30,912

BOSS & BREW ACADEMY C.I.C.

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 24,509 30,736
Total fixed assets: 24,509 30,736
Current assets
Debtors: 4 3 3
Cash at bank and in hand: 40,492 31,113
Total current assets: 40,495 31,116
Net current assets (liabilities): 40,495 31,116
Total assets less current liabilities: 65,004 61,852
Creditors: amounts falling due after more than one year: 5 ( 10,272 ) ( 5,905 )
Total net assets (liabilities): 54,732 55,947
Members' funds
Profit and loss account: 54,732 55,947
Total members' funds: 54,732 55,947

The notes form part of these financial statements

BOSS & BREW ACADEMY C.I.C.

Balance sheet statements

For the year ending 30 June 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 13 May 2025
and signed on behalf of the board by:

Name: N Hodgkinson
Status: Director

The notes form part of these financial statements

BOSS & BREW ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 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 for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Plant & Machinery - 25% straight line Motor Vehicles - 20% straight line Office Equipment - 20% straight line

    Other accounting policies

    IMPAIRMENT A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. GOVERNMENT GRANTS Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. FINANCIAL INSTRUMENTS A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Whereinvestments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

BOSS & BREW ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

BOSS & BREW ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 17,373 18,369 35,742
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 17,373 18,369 35,742
Depreciation
At 1 July 2023 4,088 918 5,006
Charge for year 2,553 3,674 6,227
On disposals
Other adjustments
At 30 June 2024 6,641 4,592 11,233
Net book value
At 30 June 2024 10,732 13,777 24,509
At 30 June 2023 13,285 17,451 30,736

BOSS & BREW ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 3 3
Total 3 3

BOSS & BREW ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

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

2024 2023
£ £
Other creditors 10,272 5,905
Total 10,272 5,905

COMMUNITY INTEREST ANNUAL REPORT

BOSS & BREW ACADEMY C.I.C.

Company Number: 13485369 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

In Boss & Brew Academy’s (BB) third year, it continued to deliver its barista training courses working with local young people in Cardiff and beyond. BB expanded its services and activities to meet the needs of young people in an evolving landscape with young people facing the highest rates of unemployment and access to services in over a decade in the UK, reaching 13.3% in the trading year. During this period, BB delivered 8 barista training courses in Cardiff, engaging with 48 young people directly through skills and employability training in our newly refurbished training HQ in Wales Millennium Centre. Of those, 40 were from the Southern Arc of Cardiff, and over 65% are from the global majority. Through a partnership with the Awen Trust, a further 7 barista & employability courses were delivered to 28 people living in Blaenau Gwent. Across the year it has run 15 community pop up coffee shops providing free coffee to members of the local community as well providing valuable work experience for trainees. BB has continued to run 12 drop-in sessions across the year in response to the increasing need for support post training. The Boss & Brew drop-ins provide access to support in upskilling barista skills, employability support such as CVs, job networking, interview prep, and mentoring. BB became an accredited Real Living Wage employer and provided job opportunities for our growing barista graduate community at over 15 events across the year period, helping to build real work experience for their CV’s. During this period, BB took part in both attending and/or hosting a variety of events including Bristol coffee festival, SCA competitions, local latte art throwdowns, fundraisers, and roadshows, exposing our graduate community to new opportunities and pathways in a new industry not previously considered. In February, BB launched its own coffee club membership project. The card gives BB graduates exclusive discounts and offers at over 12 speciality coffee shops and roasters in Cardiff and online. The purpose of the club is to bring our graduate community closer to the speciality coffee industry while promoting the importance of supporting independent businesses. In May, BB celebrated 2 years of its partnership project, The Training Ground Cafe (TTG), with local social enterprise Grange Pavilion Youth Forum. The cafe has created paid employment on the real living wage for 7 young people, whilst hosting trainee work placements for a further 10 local young people, giving them real life work experience in hospitality.

Consultation with stakeholders

Our key stakeholders are young people in the local community from the Southern Arc of Cardiff, our partner organisations and partner independent businesses within the coffee industry. Our growing BB graduate community has informed the work BB offers through post training feedback forms and in-person engagement through the Boss & Brew drop-in sessions. Young people raise the issues they face and inform us that the lack of work experience is the main barrier in accessing employment, coupled with low confidence, and a low optimism for their futures. Issues young people face are varied, and often multi-faceted and so BB has adapted its approach in how we offer support recognising that not all young people experience challenges and barriers in the same context. In discovering the need for post training support through these consultations, BB has connected more closely with the independent coffee sector in connecting young people to work and volunteering opportunities. BB continued to run fortnightly meetings with our ‘Coffee Committee’ which consists of 6 local young people who sit on a panel to help discuss the business, contribute ideas and inform on decision making at the youth led cafe project, TTG, and BB. Their input has led to our trainee work placement scheme at the cafe, and the successful running of events and fundraisers led by the coffee committee. Through follow up meetings and feedback surveys from our partner organisations in the second year, mainly Cardiff Council Into Work service, Cardiff Youth service, and the Awen Trust, they clearly showed the need for training courses to be extended and include more practical time which we implemented in 23/24 courses. Suggestions were also made for the need of work experience opportunities post training to help them when applying for jobs, which we have been able to offer through our coffee catering events and TTG cafe. Furthermore, BB has consulted informally with the independent coffee sector in Cardiff to better understand the needs of the coffee shop businesses in terms of training, customer service and customer experience and the changing landscape and challenges of speciality coffee. This includes collaborations to help bring graduates closer to the coffee sector making it a more accessible space through coffee events such as cuppings, educational workshops. latte art throwdowns, coffee shop takeovers and the coffee club project. Feedback from coffee shop owners and senior staff has also informed the employability skills unit of the course which has been implemented into all BB’s programmes. By engaging with stakeholders across the year, BB stays informed of the latest challenges and barriers that both young people and the coffee industry face. This shapes the direction of the training, events, projects, and support that it offers going forward.

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
30 April 2025

And signed on behalf of the board by:
Name: Natalie Hodgkinson
Status: Director