THE YOUTH PROJECT UK CIC

Company limited by guarantee

Company Registration Number:
14275601 (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

THE YOUTH PROJECT UK 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

THE YOUTH PROJECT UK 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

Directors

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

Elijah Akinbade


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
1 September 2024

And signed on behalf of the board by:
Name: Elijah Akinbade
Status: Director

THE YOUTH PROJECT UK CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 13 months to 31 August 2023


£

£
Turnover: 117,470 93,480
Cost of sales: ( 22,775 ) ( 15,090 )
Gross profit(or loss): 94,695 78,390
Distribution costs: ( 63,092 ) ( 42,655 )
Administrative expenses: ( 31,145 ) ( 30,440 )
Operating profit(or loss): 458 5,295
Profit(or loss) before tax: 458 5,295
Tax: ( 88 ) ( 1,006 )
Profit(or loss) for the financial year: 370 4,289

THE YOUTH PROJECT UK CIC

Balance sheet

As at 31 August 2024

Notes 2024 13 months to 31 August 2023


£

£
Fixed assets
Intangible assets:   0
Tangible assets: 3 4,160 5,200
Total fixed assets: 4,160 5,200
Current assets
Debtors: 4 0 725
Cash at bank and in hand: 4,753 6,406
Total current assets: 4,753 7,131
Net current assets (liabilities): 4,753 7,131
Total assets less current liabilities: 8,913 12,331
Provision for liabilities: ( 1,038 ) ( 1,006 )
Total net assets (liabilities): 7,875 11,325
Members' funds
Profit and loss account: 7,875 11,325
Total members' funds: 7,875 11,325

The notes form part of these financial statements

THE YOUTH PROJECT UK 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 1 September 2024
and signed on behalf of the board by:

Name: Elijah Akinbade
Status: Director

The notes form part of these financial statements

THE YOUTH PROJECT UK 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 Section 1A (Small Entities) of Financial Reporting Standard 102

THE YOUTH PROJECT UK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 13 months to 31 August 2023
    Average number of employees during the period 2 3

THE YOUTH PROJECT UK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 5,200 5,200
Additions
Disposals
Revaluations
Transfers
At 31 August 2024 5,200 5,200
Depreciation
At 1 September 2023 0 0
Charge for year 1,040 1,040
On disposals
Other adjustments
At 31 August 2024 1,040 1,040
Net book value
At 31 August 2024 4,160 4,160
At 31 August 2023 5,200 5,200

THE YOUTH PROJECT UK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 13 months to 31 August 2023
£ £
Trade debtors 0 725
Total 0 725

COMMUNITY INTEREST ANNUAL REPORT

THE YOUTH PROJECT UK CIC

Company Number: 14275601 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

We have generated job opportunities through our initiatives, programs, and services and boosted the local economy. This provides individuals with income, and fosters a sense of economic empowerment and stability within the community. The organisation's activities have continuously benefited the community through seminars, which have enabled the youth to develop their voice, influence and place within society. Our fundraising efforts have given new skills and job opportunities to those who have volunteered with us. Our projects have provided our community's youth with equipment to pursue a hobby and learn new skills. Our magazine issues have given young people a platform to showcase and develop their skills and provide training support within IT and digital media. The organisation has also provided food to families of low-income and vulnerable people through our food drop projects. We use our activities to engage young people within the local community while pushing and empowering young people to thrive in the global economy and bring positive change for a sustainable future

Consultation with stakeholders

The company’s stakeholders are residents within the community. Our project models have been developed through talking to community members to understand what solutions we can put 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
1 September 2024

And signed on behalf of the board by:
Name: Elijah Akinbade
Status: Director