for the Period Ended 30 September 2024
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 13 months to 30 September 2024 | ||
|---|---|---|
|
|
£ |
|
| Turnover: |
|
|
| Cost of sales: |
|
|
| Gross profit(or loss): |
|
|
| Distribution costs: |
|
|
| Administrative expenses: |
(
|
|
| Other operating income: |
|
|
| Operating profit(or loss): |
|
|
| Interest receivable and similar income: |
|
|
| Interest payable and similar charges: |
|
|
| Profit(or loss) before tax: |
|
|
| Tax: |
(
|
|
| Profit(or loss) for the financial year: |
|
As at
| Notes | 13 months to 30 September 2024 | ||
|---|---|---|---|
|
|
£ |
||
| Fixed assets | |||
| Intangible assets: |
|
||
| Tangible assets: |
|
||
| Investments: |
|
||
| Total fixed assets: |
|
||
| Current assets | |||
| Stocks: |
|
||
| Debtors: |
|
||
| Cash at bank and in hand: |
|
||
| Investments: |
|
||
| Total current assets: |
|
||
| Prepayments and accrued income: |
|
||
| Creditors: amounts falling due within one year: | 3 |
(
|
|
| Net current assets (liabilities): |
|
||
| Total assets less current liabilities: |
|
||
| Creditors: amounts falling due after more than one year: |
|
||
| Provision for liabilities: |
(
|
||
| Accruals and deferred income: |
|
||
| Total net assets (liabilities): |
|
||
| Members' funds | |||
| Profit and loss account: |
|
||
| Total members' funds: |
|
The notes form part of these financial statements
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
for the Period Ended 30 September 2024
| 13 months to 30 September 2024 | ||
|---|---|---|
| Average number of employees during the period |
|
for the Period Ended 30 September 2024
| 13 months to 30 September 2024 | ||
|---|---|---|
| £ | ||
| Bank loans and overdrafts |
|
|
| Amounts due under finance leases and hire purchase contracts |
|
|
| Trade creditors |
|
|
| Taxation and social security |
|
|
| Accruals and deferred income |
|
|
| Other creditors |
|
|
| Total |
|
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.
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.
No remuneration was received
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