BLACK COUNTRY MONEY MATTERS CIC

Company limited by guarantee

Company Registration Number:
15140123 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 15 September 2023

End date: 30 September 2024

BLACK COUNTRY MONEY MATTERS CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

BLACK COUNTRY MONEY MATTERS CIC

Profit And Loss Account

for the Period Ended 30 September 2024

13 months to 30 September 2024


£
Turnover: 10,263
Cost of sales: 0
Gross profit(or loss): 10,263
Distribution costs: 0
Administrative expenses: ( 3,552 )
Other operating income: 0
Operating profit(or loss): 6,711
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 6,711
Tax: ( 2,550 )
Profit(or loss) for the financial year: 4,161

BLACK COUNTRY MONEY MATTERS CIC

Balance sheet

As at 30 September 2024

Notes 13 months to 30 September 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 7,612
Investments:   0
Total current assets: 7,612
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 151 )
Net current assets (liabilities): 7,461
Total assets less current liabilities: 7,461
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: ( 3,300 )
Accruals and deferred income: 0
Total net assets (liabilities): 4,161
Members' funds
Profit and loss account: 4,161
Total members' funds: 4,161

The notes form part of these financial statements

BLACK COUNTRY MONEY MATTERS CIC

Balance sheet statements

For the year ending 30 September 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 2 June 2025
and signed on behalf of the board by:

Name: Leah Crowfoot
Status: Director

The notes form part of these financial statements

BLACK COUNTRY MONEY MATTERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 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 COUNTRY MONEY MATTERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    13 months to 30 September 2024
    Average number of employees during the period 0

BLACK COUNTRY MONEY MATTERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Creditors: amounts falling due within one year note

13 months to 30 September 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 151
Taxation and social security 0
Accruals and deferred income 0
Other creditors 0
Total 151

COMMUNITY INTEREST ANNUAL REPORT

BLACK COUNTRY MONEY MATTERS CIC

Company Number: 15140123 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

The Company got its Grant Funding in August 2024. Therefore, there has been little activity in the company during its first financial year. In June 2024, we conducted a Financial Education Workshop trial with a Local School, targeting 60 Year 6 children. We taught them where money comes from and the importance of Money Management in a household. We also incorporated problem-solving when it came to family budgets and how to pay for something when there was no money available. The children found it very beneficial in understanding where money comes from and what it takes to keep to budget. This workshop was fed back to parents, allowing the children to understand what they may want to do in the future. More workshops and expansion to other areas within the Black Country are planned for the next Financial Year, now that the funding is in place.

Consultation with stakeholders

One of the Local family-run businesses was consulted on Financial Wellbeing Workshops for their employees. There was a keen interest in the Workshop once it was up and running. We had a conversation with a local business that works with the DWP. We discussed providing Financial Freedom Workshops for their clients on how to manage their finances, as all their clients are transitioning from Universal Credit to paid employment. They were keen to get things started once the Workshop was up and running. We had conversations with another local businesses that supports Start Up Business Owners, we were to provide Financial Foundation Workshops for Start Up Business owners to help them in understanding their responsibilities to HMRC now they are a business owner and running a Self Asssesment Masterclass to get them through their first Self Assessment and how to prepare a Cash Flow Forecast for any Grant Funding they wish to apply for 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
2 June 2025

And signed on behalf of the board by:
Name: Leah Crowfoot
Status: Director