OAK INITIATIVE UK CIC

Company limited by guarantee

Company Registration Number:
13690647 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

OAK INITIATIVE UK CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

OAK INITIATIVE UK CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 31,571 1,651
Cost of sales: ( 10,065 ) ( 521 )
Gross profit(or loss): 21,506 1,130
Administrative expenses: ( 19,047 ) ( 1,299 )
Operating profit(or loss): 2,459 (169)
Profit(or loss) before tax: 2,459 (169)
Tax: ( 466 ) 0
Profit(or loss) for the financial year: 1,993 (169)

OAK INITIATIVE UK CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 0 50
Total fixed assets: 0 50
Current assets
Cash at bank and in hand: 10,703 110
Total current assets: 10,703 110
Creditors: amounts falling due within one year: 4 ( 2,475 ) ( 328 )
Net current assets (liabilities): 8,228 (218)
Total assets less current liabilities: 8,228 ( 168)
Creditors: amounts falling due after more than one year: 5 ( 6,404 )
Total net assets (liabilities): 1,824 (168)
Members' funds
Profit and loss account: 1,824 ( 168)
Total members' funds: 1,824 (168)

The notes form part of these financial statements

OAK INITIATIVE UK CIC

Balance sheet statements

For the year ending 31 October 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: Olushola Kolawole
Status: Director

The notes form part of these financial statements

OAK INITIATIVE UK CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

OAK INITIATIVE UK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

OAK INITIATIVE UK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 November 2023 50 0 50
Additions
Disposals
Revaluations 0 0
Transfers
At 31 October 2024 50 0 50
Amortisation
At 1 November 2023 0 0 0
Charge for year 50 50
On disposals
Other adjustments
At 31 October 2024 50 0 50
Net book value
At 31 October 2024 0 0 0
At 31 October 2023 50 0 50

OAK INITIATIVE UK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Trade creditors 0 0
Other creditors 2,475 328
Total 2,475 328

OAK INITIATIVE UK CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due after more than one year note

2024
£
Other creditors 6,404
Total 6,404

COMMUNITY INTEREST ANNUAL REPORT

OAK INITIATIVE UK CIC

Company Number: 13690647 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

Oak Initiative UK runs a cultural education offering educational support services and other human health activities. We also provide care activities for learning difficulties, mental health and substance abuse.

Consultation with stakeholders

No consultation with stakeholders

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: Olushola Kolawale
Status: Director