PEARLS COMMUNITY HOMES CIC

Company limited by guarantee

Company Registration Number:
14322521 (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

PEARLS COMMUNITY HOMES 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

PEARLS COMMUNITY HOMES 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

During the financial year, the principal activities of the company centred around the delivery of community wellbeing and awareness programmes, with a strong emphasis on supporting underserved groups, particularly those from Black, Asian, and Minority Ethnic (BAME) backgrounds. Our core focus included: - Organising menopause support sessions, facilitated by professionals, volunteers, and our in-house team-providing culturally sensitive education and peer support. - Engaging in stakeholder consultation, through focus groups and local surveys, to assess community needs and enhance the relevance and impact of our programmes. - Fostering health equity and social inclusion, by targeting communities that often face barriers to accessing mainstream health and wellbeing services. These activities were driven by our mission to promote better health outcomes, empower individuals through knowledge, and strengthen community resilience through inclusive outreach.

Company policy on disabled employees

The company is committed to promoting equality, diversity, and inclusion across all areas of its operations. In line with this commitment, we ensure that disabled individuals are treated fairly and without discrimination in recruitment, employment, and career development. Our policy includes the following principles: - Accessible recruitment processes, with adjustments made to accommodate the needs of disabled volunteer applicants. - Workplace adaptations to ensure safe and suitable working environments for employees with physical, sensory, or mental health impairments. - Ongoing support and training, aimed at enabling disabled staff to perform effectively and progress professionally. - Regular review of policies, in consultation with staff and stakeholders, to uphold best practices in inclusivity and equal opportunities. - Zero tolerance for discrimination, with a proactive approach to fostering respect and understanding in the workplace. We strive to create a culture where ability is not measured by limitations, and all team members feel valued, supported, and empowered to contribute fully.



Directors

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

Nothando Mnkandla
Nontokozo Ncube


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
15 July 2025

And signed on behalf of the board by:
Name: Nontokozo Ncube
Status: Director

PEARLS COMMUNITY HOMES CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 10,400 0
Cost of sales: ( 322 )
Gross profit(or loss): 10,078 0
Administrative expenses: ( 2,880 ) 0
Operating profit(or loss): 7,198 0
Profit(or loss) before tax: 7,198 0
Tax: 0 0
Profit(or loss) for the financial year: 7,198 0

PEARLS COMMUNITY HOMES CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Debtors:   0 0
Cash at bank and in hand: 7,498 0
Total current assets: 7,498 0
Creditors: amounts falling due within one year: 3 ( 300 ) 0
Net current assets (liabilities): 7,198 0
Total assets less current liabilities: 7,198 0
Total net assets (liabilities): 7,198 0
Members' funds
Profit and loss account: 7,198 0
Total members' funds: 7,198 0

The notes form part of these financial statements

PEARLS COMMUNITY HOMES 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 15 July 2025
and signed on behalf of the board by:

Name: Nontokozo Ncube
Status: Director

The notes form part of these financial statements

PEARLS COMMUNITY HOMES 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 Financial Reporting Standard 101

    Turnover policy

    Turnover represents the total income generated by the company from its principal activities during the financial year. This includes income from service delivery, contracts, and any trading activities. Turnover is recognised in the accounts according to the following principles: - Service-Based Income Income from services provided is recognised when the service is delivered, and there is reasonable certainty of payment. Where services span across financial periods, income is apportioned appropriately. - Grant Income Grant income is recognised when there is reasonable assurance that the company will comply with the conditions attached to the grant, and the grant will be received. - Restricted grants earmarked for specific activities are recognised as income in line with expenditure incurred or as conditions are met. - Unrestricted grants are recognised on receipt or when entitlement is established. - Deferred Income Income received in advance for services or grant-funded activities not yet delivered is deferred and recognised as turnover in the period in which the related service is provided. This policy ensures a consistent and prudent approach to income recognition, in line with applicable accounting standards and the company's operational commitments.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost, net of accumulated depreciation and any impairment losses. Cost includes all expenses directly attributable to bringing the asset into working condition for its intended use. Depreciation is provided to write down the cost of tangible fixed assets over their expected useful lives on a straight-line basis, commencing from the date the asset is available for use. Depreciation rates and estimated useful lives typically applied are: Asset Type - Estimated Useful Life Office equipment - 3 – 5 years Fixtures and fittings - 5 – 10 years Computer equipment - 3 years Depreciation methods, useful lives, and residual values are reviewed annually and adjusted if appropriate to reflect current expectations. Assets under a certain cost threshold may be expensed directly to the profit and loss account as revenue expenditure.

    Intangible fixed assets amortisation policy

    Intangible fixed assets are identifiable non-monetary assets without physical substance - such as software licences, trademarks, or development costs - that are expected to provide economic benefit to the company over time. These assets are stated at cost, net of accumulated amortisation and any impairment losses. Amortisation is charged to the profit and loss account on a straight-line basis over the estimated useful life of the asset, starting from the point the asset is available for use. Typical amortisation rates and periods: Asset Type - Estimated Useful Life Software licences - 3 – 5 years Website development costs - 3 years Brand or trademarks - 5 – 10 years The company reviews amortisation rates, useful lives, and residual values annually to ensure they remain appropriate and reflect the asset's expected contribution to operations. Intangible assets under a materiality threshold may be expensed directly if deemed immaterial to the financial statements

    Valuation information and policy

    The financial statements are prepared on a going concern basis and in accordance with applicable accounting standards, ensuring that assets and liabilities are stated at values that reflect their economic reality. Valuation principles applied include: - Tangible and Intangible Fixed Assets These are stated at cost less accumulated depreciation or amortisation and any impairment losses. Revaluations are carried out when necessary to reflect fair value, and any surplus or deficit arising is recorded in accordance with accounting standards. - Stock and Work in Progress Valued at the lower of cost and net realisable value, with appropriate provisions made for obsolete or slow-moving items. - Debtors and Receivables Stated at their recoverable amounts. Provision is made for doubtful debts where recovery is uncertain. - Creditors and Payables Recorded at their settlement value. Any accruals reflect the best estimate of costs incurred but not yet invoiced. - Grants and Deferred Income Grants are evaluated based on compliance with conditions. Deferred income is recognised when grant funds relate to future periods or undelivered activities. Valuations are reviewed regularly to ensure they remain appropriate and comply with financial reporting standards, including Section 1A of FRS 102 where applicable

PEARLS COMMUNITY HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

PEARLS COMMUNITY HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 300 0
Total 300 0

PEARLS COMMUNITY HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Financial Commitments

At the balance sheet date, the company had the following financial commitments: - Grant-Funded Obligations Where grants have been received for specific projects, the company is contractually obligated to deliver agreed activities. These commitments are recognised as deferred income where applicable and disclosed in project schedules. - Capital Expenditure No material capital expenditure has been contracted but not provided for in the financial statements. (Or include details if applicable - e.g., IT upgrades or property fit-outs.) - Other Financial Obligations The company had no other financial commitments requiring disclosure under Section 1A of FRS 102 at the reporting date.

COMMUNITY INTEREST ANNUAL REPORT

PEARLS COMMUNITY HOMES CIC

Company Number: 14322521 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

During the financial year, our company delivered a series of menopause awareness and support sessions, led by our team alongside experienced professionals and passionate volunteers. These sessions were primarily aimed at engaging members of the Black, Asian, and Minority Ethnic (BAME) community groups that have historically been underserved in mainstream health outreach and support. Key benefits to the community included: - Targeted outreach to BAME individuals, recognising the cultural nuances and specific challenges often faced in accessing menopause-related care and information. - Increased awareness of menopause within traditionally underserved groups, helping to reduce stigma and spark open conversation. - Access to culturally sensitive expert guidance, tailored to reflect the experiences of diverse backgrounds. - Peer support networks, fostering connection, empathy, and shared understanding in a safe and inclusive space. - Improved wellbeing and social cohesion, by addressing an overlooked health concern with compassion and community-led action. By placing inclusion at the heart of our activities and partnering with voices from within the community, we’ve helped break down barriers and promote better health outcomes for individuals who may otherwise be left behind.

Consultation with stakeholders

As part of our commitment to community engagement and continuous improvement, we actively consulted with local stakeholders throughout the year. This involved conducting focus groups and community surveys within our target areas to gather feedback on the impact of our menopause support sessions. Key aspects of our consultation included: - Focus groups facilitated by our team, offering community members a chance to discuss their experiences, share ideas, and suggest improvements. - Surveys distributed both online and in-person, designed to capture a wide range of views across different ages, cultural backgrounds, and engagement levels. - Feedback collection on perceived impact, emotional support received, and suggestions for future sessions. - Strong participation from members of the BAME community, helping ensure our activities remained relevant and sensitive to their needs. - Insights used to adapt our session content, delivery style, and outreach strategies-strengthening our positive influence and deepening community trust. These consultations were essential in validating our approach and ensuring the voices of those we serve shaped our work 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
15 July 2025

And signed on behalf of the board by:
Name: Nothando Mnkandla
Status: Director