for the Period Ended 29 July 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 29 July 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
30 July 2023
to
29 July 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Administrative expenses: |
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| Operating profit(or loss): |
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| Profit(or loss) before tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | 2023 | |
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| Current assets | |||
| Stocks: | 3 |
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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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| Creditors: amounts falling due after more than one year: | 5 |
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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
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 29 July 2024
Basis of measurement and preparation
for the Period Ended 29 July 2024
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| Average number of employees during the period |
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for the Period Ended 29 July 2024
| 2024 | 2023 | |
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| £ | £ | |
| Stocks |
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| Total |
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for the Period Ended 29 July 2024
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| £ | £ | |
| Trade creditors |
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| Other creditors |
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for the Period Ended 29 July 2024
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| Other creditors |
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In the financial year 2023-2024, Beauty in Community CIC, through its initiatives including low-cost facilities for training programs at Mi Hair and Beauty and our community salon, has continued to deliver significant benefits to the local community in Harlow and surrounding areas. Our core mission has been to empower local residents through accessible qualifications, enhance well-being, and support the local hair and beauty industry. Our activities have positively impacted the community in the following ways: * Accessible Qualifications and Skills Development: We successfully facilitated space for 110 local residents to gain valuable Level 3 and Level 4 qualifications. This initiative directly contributes to enhancing their employability and career progression within the hair and beauty sector and beyond. * Enhanced Participant Well-being: Our programs and supportive environment have led to a 100% improvement in the reported well-being of participants. Critically, all participants confirmed they would recommend our setting to friends and family, underscoring the positive and impactful experience we provide. A key ongoing objective, reinforced this year, is to inspire people to take control of their own self-care to increase happiness levels and feelings of self-worth. We are developing plans to enhance our social media campaigns to better drive this message and engagement. * Growing Engagement and Trust: Our model group, essential for practical training and service delivery, grew by a significant 20%. The consistent return of models demonstrates a well-established trust and positive reputation within our setting. * Strategic Development for Future Offerings: The community salon has undergone a period of reflection and strategic planning. While this resulted in a quieter operational period for the salon itself, it was a crucial phase for evaluating and improving our future offerings to better serve the community's needs. * Community Outreach and Collaboration: We have dedicated substantial time to visiting local events, such as those by integration support (an organisation dedicated to serving communities coming to the UK who need support integrating within the local area), actively spreading the word about the opportunities we provide. This engagement strengthens community ties and ensures our services reach those who can benefit most. * Supporting Local Businesses and Employment: We remain committed to using local suppliers whenever feasible, continuing our support for small businesses such as Essex Girl Beauty. A key focus has been on connecting our learners with local employers, actively helping to fill staffing gaps in local salons and bolstering the local industry. * Overcoming Challenges Diligently: This year has presented challenges, including significant staffing gaps. We have been working diligently to overcome these, with a primary focus now on recruitment to employ more local people in the hair and beauty industry, thereby creating further local employment opportunities. Overall, despite a period of internal review for some services and staffing challenges, our core activities at Beauty in Community CIC have made a significant positive impact on the community in 2023-2024. We have continued to provide pathways to qualifications, improve well-being, foster community connections, and support the local economy.
In the year 2023-2024, Beauty in Community CIC continued its commitment to engaging with a diverse range of stakeholders to ensure our activities remain relevant and impactful. Our key stakeholders include: * Local Residents and Learners * Local Employers and Salons * Community Partners and Initiatives * Local Suppliers * Company Directors and Staff Consultation with these stakeholders has been ongoing and multifaceted: * Direct Feedback from Learners: The 100% well-being improvement and universal recommendation from participants are direct outcomes of creating an environment responsive to their needs. This positive feedback is a continuous form of consultation. * Engagement with Local Employers: By connecting learners to employers and helping fill staff gaps, we maintain a constant dialogue with local businesses, informing us of their specific needs and allowing us to tailor our support. * Community Presence and Networking: Our active presence at local events serves as an informal consultation mechanism, allowing us to understand broader community needs and gather feedback. We also actively signpost participants to other support services. * Supplier Relationships: Our commitment to using local suppliers involves ongoing communication and relationship building. * Internal Review and Strategic Planning: The period of reflection for the community salon was an intensive internal consultation process to ensure future alignment with community needs and CIC objectives. * Response to Operational Challenges: Identifying staffing gaps has led to a direct focus on recruitment, responding to internal operational needs and our community goal of providing local employment. * Model Group Growth: The significant growth and return rate of our model group indicates a positive reception and ongoing informal feedback loop. Furthermore, consultation has clearly indicated a direct need to introduce digital marketing and business studies into our remit. These are future plans we are actively developing and preparing to introduce to further enhance the skills and opportunities available to our community. While specific formal consultation events were not the primary feature of this year due to the focus on internal strategic review and addressing staffing, our operational activities have inherently involved continuous engagement and responsiveness to the needs of Mi Hair and Beauty’s missions and learners, local employers, and the wider community.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
27 May 2025
And signed on behalf of the board by:
Name: Danielle Brown
Status: Director