AT PACE CIC

Company limited by guarantee

Company Registration Number:
12563508 (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

AT PACE CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

AT PACE CIC

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

The principal activity of the company continued to be that of tutoring services.

Additional information

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.



Directors

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

Yasmin Faruqui
Jobina Qazi
Nicholas Raymonde


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
22 May 2025

And signed on behalf of the board by:
Name: Yasmin Faruqui
Status: Director

AT PACE CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 467 933
Total fixed assets: 467 933
Current assets
Debtors: 4 5,977 15,734
Total current assets: 5,977 15,734
Creditors: amounts falling due within one year: 5 ( 2,241 ) ( 12,722 )
Net current assets (liabilities): 3,736 3,012
Total assets less current liabilities: 4,203 3,945
Total net assets (liabilities): 4,203 3,945
Members' funds
Profit and loss account: 4,203 3,945
Total members' funds: 4,203 3,945

The notes form part of these financial statements

AT PACE CIC

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.

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 22 May 2025
and signed on behalf of the board by:

Name: Yasmin Faruqui
Status: Director

The notes form part of these financial statements

AT PACE CIC

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 represents amounts receivable for tutoring services.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially merasured at cost and subsequently measured at cost, net of depreciation.Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following basis: Fixtures and fittings 33.33% Straight line. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

    Valuation information and policy

    Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at banks.

    Other accounting policies

    Financial instruments The company only has basic financial instruments. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured attransaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unlessthe arrangement constitutes a financing transaction. Forcign exchange Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at thedates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated inforeign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arisingon translation in the period are included in profit or loss.

AT PACE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

AT PACE CIC

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 10,526 10,526
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 10,526 10,526
Depreciation
At 1 May 2023 9,593 9,593
Charge for year 466 466
On disposals
Other adjustments
At 30 April 2024 10,059 10,059
Net book value
At 30 April 2024 467 467
At 30 April 2023 933 933

AT PACE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Other debtors 5,977 15,734
Total 5,977 15,734

AT PACE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 16
Trade creditors 1,628 7,906
Other creditors 613 4,800
Total 2,241 12,722

COMMUNITY INTEREST ANNUAL REPORT

AT PACE CIC

Company Number: 12563508 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

At Pace CIC continues to support disenfranchised groups, especially BAME women, 50yr+ adapt to new way of life and learning post COVID-19 and during the cost of living crisis. We continue to write bid applications and provide workshops to bridge skills gap, especially IT and linguistic skills as there are dips in learning and confidence that have exacerbated because of COVID-19 lockdown. We continue delivery of our Pre-Entry unaccredited IT, literacy and numeracy workshops to support community members who have little or no key skills, speak little or no English and/or who do not meet eligibility criteria for accredited learning programmes due to residential status. Our programme delivery has helped tackle isolation, loneliness, reduce anxieties and feelings of exclusion. We have been able to identify and address the immediate skill/training needs and demands within communities and help community members deal with challenges and circumstantial changes being faced. This has helped reduce pressures on them, their families, society and local services/council/economy. We work as a supply chain partner with training providers to deliver accredited learning in English, Maths, IT and Mental Health and Wellbeing to support eligible community members back into work or further education. All our workshops/programmes are delivered in safe and friendly spaces at local community centres. We have kept communities engaged. We have improved community cohesion. We have brought different ethnic groups together. We have shared our vision with community partners who all share in our vision and are signposting identified clients to our workshops.

Consultation with stakeholders

We have communicated with stakeholders through communication: by phone, emails and meetings and all agreed that we should write as many bids as we can to deliver smaller projects to meet community needs and demands. We all agree our focus is to mitigate cultural, language, isolation, loneliness, anxiety and confidence barriers post COVID-19 and through the Cost of Living Crisis, by focusing on small projects, keeping participants engaged and working towards building partnerships, so we can continue to open pathways to continued accredited learning provisions as a supply chain partner.

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
22 May 2025

And signed on behalf of the board by:
Name: Yasmin Faruqui
Status: Director