for the Period Ended 30 September 2024
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
As at
| Notes | 13 months to 30 September 2024 | ||
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| Current assets | |||
| Debtors: | 3 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 4 |
(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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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
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 September 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 30 September 2024
| 13 months to 30 September 2024 | ||
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| Average number of employees during the period |
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for the Period Ended 30 September 2024
| 13 months to 30 September 2024 | ||
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| Trade debtors |
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| Total |
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for the Period Ended 30 September 2024
| 13 months to 30 September 2024 | ||
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| Accruals and deferred income |
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| Other creditors |
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for the Period Ended 30 September 2024
Inzyme Labs CIC managed the Youth Innovation hub providing operational and advocacy support with the goals of keeping the hub open beyond the redevelopment of the building. 9 youth organisations have been able to grow their impact by having a dedicated office space with workshop and meeting rooms and over 2000 young people per year have been able to access programmes and services through the space. The hub has also been used by 20 external youth organisations for events and workshops for young people and parents. We have provided free creative and business coaching support to 10 young people to turn their ideas into businesses or passion projects which have supported them in developing their career prospects. They have been able to access 121 support with our business coach, grow their network to support the leverage of their idea while being able to utilise the Youth Innovation Hub to work and focus. We distributed £1000 to young people through our Create It fund for young people to obtain the resources they needed to develop their creative pursuits into career pathways. Young people have used the money to pay for training courses, buy equipment like sewing machines and videography equipment. We have supported 3 youth organisations to develop their practice through providing fiscal hosting, providing strategy and business development support, creative direction and business analysis. This has resulted in all 3 organisations receiving funding, developing ideas and sustainable income streams and implementing better systems in their organisations.
Our stakeholders are * young people aged between 14 and 25 who live in London * parents and guardians * youth organisations who support young people in London who require space to deliver support and interventions * partner organisations who support with providing resources such as space and equipment * funding organisations who provide grant funding * local government who provide funding and have an interest in the alternative provisions available to young people * youth advocates and supporters We consult with the young people we directly support to understand our impact and how we can improve. We have consulted with parents and guardians if the beneficiary is under 18 years old. We do this through feedback forms and take action to improve our support based on this. We have held consultations with the youth organisations who operate from the hub in the form of a staff meeting. We also do a bi yearly impact form and have an open door policy for youth organisations to voice any concerns and ideas to support the development with the hub. On receiving feedback we work with the building operator to support any changes needed in line with the building policies. We have monthly meetings as consultations with our partner organisations including the building operator and act on any feedback given especially in line with health and safety, and safeguarding policies. We have had consultations with funding organisations in line with receiving funding. Any feedback is actioned immediately. We have had consultation with Lambeth Council representatives (local government) to gain insight and feedback on how to best navigate the regeneration projects in the area and to access a new space after the regeneration of the current building. There has not been no stakeholder consultations held with youth advocates and supporters.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
21 May 2025
And signed on behalf of the board by:
Name: Raschique Narwan
Status: Director