CAPOEIRA NOTTINGHAM CIC

Company limited by guarantee

Company Registration Number:
07346294 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

CAPOEIRA NOTTINGHAM CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

CAPOEIRA NOTTINGHAM CIC

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

The principal activity of the company is the running of a sports club. Activities of the sports club involves dance, martial arts, music and gymnastics. We work with all ages including children in schools and in the community. As in the previous year, we have continued to provide our regular schedule of classes on Mondays, Wednesdays, Fridays, and Saturdays. These include: two sessions for Children (aged 4 to 12) on two separate days, with sessions for Parents held at the same time to encourage families to train together; four classes over four separate days for Adults and experienced Teens (aged 15+) which focus on General fitness and Capoeira skills; a class dedicated to the needs and abilities of Teens and experienced pre-Teens (aged 11 to 15); and dedicated Acrobatics and Music classes. We have continued to encourage all of our members, both Adults and experienced Teens, to contribute to the group by leading activities within our regular classes to promote their ongoing personal development. As always, our members have been actively involved in the local Capoeira community with other Capoeira groups and other members of the Brazilian cultural landscape in Nottingham. Several of our members travelled to Capoeira events in Birmingham, Grantham, and Sheffield to support groups in these cities with their activities, and to forge and maintain links with their members. Our members, including some of our more confident teenagers, had the opportunity to train with Capoeira teachers and practitioners from around the world. In return, we were pleased to welcome teachers from both Birmingham and Sheffield who offered special workshops to all our members at our annual grading event. We were invited by the Brazilian Cultural Centre in Nottingham to support their Ori-Ja! Project which explored the daily influences of the African diaspora in Brazil through the perspective of the Yoruba people. This comprised many weeks of choreographed practice under their guidance, and culminated in a public performance of music, dance, and Capoeira in conjunction with dancers from the Brazilian Cultural Centre. As part of our ongoing public engagement, Capoeira Nottingham was pleased to accept invitations to provide public demonstrations and workshops throughout the year. These included: the Sneinton Festival; the Hockley Green festival; the Nottingham Green festival; and the Hockley Hustle. We also supported Green’s Windmill and Science Centre in Nottingham with a public demonstration during one of their events, and we joined the Brazilian Cultural Centre for their Festa Junina celebration of Brazilian food, music, and culture. As part of our mission to support the wider community, many of our activities are undertaken without remuneration for the group or the participants. Capoeira Nottingham looks forward to continue offering our unique blend of movement, music, and martial arts to our members and to the wider community.

Additional information

Small companies provision statement This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

Kiriacos Sakelaropoulos
Kin Ling
Benjamin Ekpenyong


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
2 May 2025

And signed on behalf of the board by:
Name: Kiriacos Sakelaropoulos
Status: Director

CAPOEIRA NOTTINGHAM CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 12,244 14,478
Cost of sales: ( 6,403 ) ( 4,018 )
Gross profit(or loss): 5,841 10,460
Administrative expenses: ( 6,986 ) ( 7,346 )
Operating profit(or loss): (1,145) 3,114
Profit(or loss) before tax: (1,145) 3,114
Profit(or loss) for the financial year: (1,145) 3,114

CAPOEIRA NOTTINGHAM CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 1,388 946
Cash at bank and in hand: 655 2,442
Total current assets: 2,043 3,388
Net current assets (liabilities): 2,043 3,388
Total assets less current liabilities: 2,043 3,388
Creditors: amounts falling due after more than one year: 4 ( 672 ) ( 872 )
Total net assets (liabilities): 1,371 2,516
Members' funds
Profit and loss account: 1,371 2,516
Total members' funds: 1,371 2,516

The notes form part of these financial statements

CAPOEIRA NOTTINGHAM CIC

Balance sheet statements

For the year ending 31 August 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 28 May 2025
and signed on behalf of the board by:

Name: Kin Ling
Status: Director

The notes form part of these financial statements

CAPOEIRA NOTTINGHAM CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

    Revenue recognition Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Other accounting policies

    Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). Basis of preparation These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. Going concern The financial statements have been prepared on a going concern basis. Revenue recognition Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

CAPOEIRA NOTTINGHAM CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

CAPOEIRA NOTTINGHAM CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Debtors

2024 2023
£ £
Trade debtors 1,220 820
Prepayments and accrued income 168 126
Total 1,388 946

Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

CAPOEIRA NOTTINGHAM CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

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

2024 2023
£ £
Bank loans and overdrafts 200
Other creditors 672 672
Total 672 872

Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

COMMUNITY INTEREST ANNUAL REPORT

CAPOEIRA NOTTINGHAM CIC

Company Number: 07346294 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

As in the previous year, we have continued to provide our regular schedule of classes on Mondays, Wednesdays, Fridays, and Saturdays. These include: two sessions for Children (aged 4 to 12) on two separate days, with sessions for Parents held at the same time to encourage families to train together; four classes over four separate days for Adults and experienced Teens (aged 15+) which focus on General fitness and Capoeira skills; a class dedicated to the needs and abilities of Teens and experienced pre-Teens (aged 11 to 15); and dedicated Acrobatics and Music classes. We have continued to encourage our Adults and experienced Teens to contribute to the group by leading activities within our regular classes to promote their ongoing personal development. As always, our members have been actively involved in the local Capoeira community with other Capoeira groups and other members of the Brazilian cultural landscape in Nottingham. Several of our members travelled to Capoeira events in Birmingham, Grantham, and Sheffield to support groups in these cities with their activities, and to forge and maintain links with their members. Our members, including some of our more confident teenagers, had the opportunity to train with Capoeira teachers and practitioners from around the world. In return, we were pleased to welcome teachers from both Birmingham and Sheffield who offered special workshops to all our members at our annual grading event. We were invited by the Brazilian Cultural Centre in Nottingham to support their Ori-Ja! Project which explored the daily influences of the African diaspora in Brazil through the perspective of the Yoruba people. This comprised many weeks of choreographed practice under their guidance, and culminated in a public performance of music, dance, and Capoeira in conjunction with dancers from the Brazilian Cultural Centre. As part of our ongoing public engagement, Capoeira Nottingham was pleased to accept invitations to provide public demonstrations and workshops throughout the year. These included: the Sneinton Festival; the Hockley Green festival; the Nottingham Green festival; and the Hockley Hustle. We also supported Green’s Windmill and Science Centre in Nottingham with a public demonstration during one of their events, and we joined the Brazilian Cultural Centre for their Festa Junina celebration of Brazilian food, music, and culture. Capoeira Nottingham looks forward to continue offering our unique blend of movement, music, and martial arts to our members and to the wider community.

Consultation with stakeholders

The principle stakeholders of Capoeira Nottingham CIC are the residents of Nottingham that participate in class and workshops. Consultations with these stakeholders has been facilitated by monthly open public meetings. All stakeholders are encouraged to discuss group development and allow the directors to make decisions informed by an understanding of the needs of the community.

Directors' remuneration

The aggregate amount of emoluments paid or remunerated by directors in respect to qualifying services is £3000. There were no other transactions or arrangements in connection with remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
2 May 2025

And signed on behalf of the board by:
Name: Kiriacos Sakelaropoulos
Status: Director