NIGERIAN COMMUNITY NORTHAMPTON CIC

Company limited by guarantee

Company Registration Number:
14330410 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 September 2022

End date: 30 September 2023

NIGERIAN COMMUNITY NORTHAMPTON CIC

Contents of the Financial Statements

for the Period Ended 30 September 2023

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

NIGERIAN COMMUNITY NORTHAMPTON CIC

Directors' report period ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal activities of the company

The principal activity of the company during the financial year was the continued advancement of cultural awareness, social inclusion, and community integration for Nigerians and the wider African diaspora residing in Northampton and surrounding areas. The company operates as a not-for-profit Community Interest Company (CIC) and provides the following core services: Cultural Education and Awareness: Organizing and hosting cultural events, exhibitions, and celebrations (including Nigerian Independence Day and participation in the Northampton Carnival) to promote pride in heritage and build community cohesion. Community Support and Advocacy: Offering advice and signposting services related to housing, immigration, employment, and education to support the social and economic wellbeing of community members. Youth Empowerment and Educational Outreach: Delivering youth engagement programs, mentorship initiatives, and workshops to support personal development, academic achievement, and positive cultural identity among young people. Health and Wellbeing Promotion: Partnering with local health organizations to raise awareness of physical and mental health challenges affecting minority communities, and encouraging access to early intervention services.



Directors

The directors shown below have held office during the whole of the period from
1 September 2022 to 30 September 2023

AKANDE, Olatunde Olabanji
JULIUS, Patrick
OGUNBUYIDE, Ayodeji


The director shown below has held office during the whole of the period from
1 September 2022 to 30 September 2023

Claudette Omoye BEMIGHO-AMORIGHOYE


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
30 April 2024

And signed on behalf of the board by:
Name: Claudette Omoye BEMIGHO-AMORIGHOYE
Status: Director

NIGERIAN COMMUNITY NORTHAMPTON CIC

Profit And Loss Account

for the Period Ended 30 September 2023

13 months to 30 September 2023


£
Turnover: 0
Gross profit(or loss): 0
Operating profit(or loss): 0
Profit(or loss) before tax: 0
Tax: 0
Profit(or loss) for the financial year: 0

NIGERIAN COMMUNITY NORTHAMPTON CIC

Balance sheet

As at 30 September 2023

Notes 13 months to 30 September 2023


£
Fixed assets
Intangible assets:   0
Total fixed assets: 0
Net current assets (liabilities):  
Total assets less current liabilities: 0
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

NIGERIAN COMMUNITY NORTHAMPTON CIC

Balance sheet statements

For the year ending 30 September 2023 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 30 April 2024
and signed on behalf of the board by:

Name: Claudette Omoye BEMIGHO-AMORIGHOYE
Status: Director

The notes form part of these financial statements

NIGERIAN COMMUNITY NORTHAMPTON CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 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 the total income received by the company during the financial year from its ordinary activities, excluding VAT. Turnover is measured at the fair value of the consideration received or receivable and is recognized in the profit and loss account as follows: Revenue from services is recognized when the service is delivered. Grants and donations are recognized as income when there is reasonable assurance that the company will comply with the conditions attached to them and that the grants or donations will be received. Event income and participation fees are recognized when the event takes place. Membership fees are recognized throughout membership. Other income is recognized on an accruals basis. All turnover is stated net of VAT and is derived from the principal activity of the company within the United Kingdom.

    Tangible fixed assets depreciation policy

    ChangeTangible fixed assets depreciation policy Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided to write off the cost of each asset over its estimated useful life on a straight-line basis as follows: Office equipment: 3 to 5 years Furniture and fixtures: 4 to 6 years Computer equipment: 3 years The residual values and useful lives of tangible fixed assets are reviewed annually and adjusted if appropriate. Assets costing less than £250 (or another threshold your accountant may specify) may be written off in full in the year of purchase, subject to materiality.

    Other accounting policies

    1 Accruals and Prepayments Expenditure and income are accounted for on an accruals basis. Costs are matched with related income or charged to the profit and loss account in the period to which they relate. 2,Stock / Inventory (if applicable) Stock is valued at the lower of cost and net realisable value. Cost is determined using the first-in, first-out (FIFO) method. Net realisable value is based on estimated selling price less any further costs expected to be incurred to completion and sale. 3.Financial Instruments The company’s financial assets and liabilities (such as cash, receivables, and payables) are initially measured at fair value and subsequently measured at amortised cost using the effective interest method, unless otherwise stated. 4.Grants and Deferred Income Grants received for specific projects or purposes are deferred and recognised in income over the periods in which the related costs are incurred. Unrestricted grants are recognised in the period they are receivable provided conditions for entitlement are met. 5. Going Concern The financial statements have been prepared on a going concern basis. The directors have assessed the company’s financial position and believe it will continue to operate for the foreseeable future.

NIGERIAN COMMUNITY NORTHAMPTON CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    13 months to 30 September 2023
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

NIGERIAN COMMUNITY NORTHAMPTON CIC

Company Number: 14330410 (England and Wales)

Year Ending: 30 September 2023

Company activities and impact

Cultural Events and Celebrations: We hosted several events, including Nigerian Independence Day celebrations, community forums, and cultural exhibitions, which fostered a sense of belonging and pride among members. We took part of the Northampton carnival where we showcased our rich culture Community Support Services: We provided support and signposting services to individuals and families in areas such as housing, employment, education, and immigration advice. Youth and Education Initiatives: We ran youth engagement programs and educational workshops aimed at empowering young people with skills, mentorship, and cultural identity. Health and Wellbeing: We partnered with local health organizations to promote awareness of physical and mental health, encouraging early intervention and access to services.

Consultation with stakeholders

Stakeholder engagement was achieved through the following methods: Community Forums and Feedback Sessions: We held open forums during our cultural events and gatherings, such as the Nigerian Independence Day celebration and our participation in the Northampton Carnival. These sessions provided an opportunity for members to share their views, offer suggestions, and voice concerns. Surveys and Informal Interviews: We conducted informal surveys and one-on-one discussions with community members, volunteers, and partners to gain a deeper understanding of the challenges facing Nigerians and other African diaspora residents in Northampton, particularly in areas such as housing, education, and mental health. Partnership Engagement: We regularly consulted with our local partners, including health organizations, schools, local authorities, and community groups. These consultations helped shape our health and wellbeing campaigns, youth workshops, and support services. Youth and Parent Input: We engaged with parents and young people involved in our youth programs to assess the impact of our mentoring, cultural identity, and educational initiatives, and to tailor content based on their needs and aspirations.

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
30 April 2024

And signed on behalf of the board by:
Name: Claudette Omoye BEMIGHO-AMORIGHOYE
Status: Director