for the Period Ended 31 July 2024
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
As at
| Notes | 2024 | 2023 | |
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£ |
£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: | 3 |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: |
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| Cash at bank and in hand: |
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| Total current assets: |
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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: |
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| Provision for liabilities: |
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(
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| Accruals and deferred income: |
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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
The directors have chosen not to file a copy of the company's profit and loss account.
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 31 July 2024
Basis of measurement and preparation
for the Period Ended 31 July 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 July 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
|---|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ | £ |
| At 1 August 2023 |
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| Additions |
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| Disposals | ||||||
| Revaluations | ||||||
| Transfers | ||||||
| At 31 July 2024 |
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| Depreciation | ||||||
| At 1 August 2023 | ||||||
| Charge for year | ||||||
| On disposals | ||||||
| Other adjustments | ||||||
| At 31 July 2024 | ||||||
| Net book value | ||||||
| At 31 July 2024 |
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| At 31 July 2023 |
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for the Period Ended 31 July 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors |
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| Total |
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NYCE has made a significant positive impact on the community by creating inclusive spaces and opportunities for growth, connection, and wellbeing. Through its youth club, over 1,000 young people have been welcomed and supported, while more than 2,000 meals have been shared at the Supper Club, fostering community togetherness. The Pickle Factory has hosted over 100 physical and mental health groups and continues to serve as a vital hub for hundreds of residents. NYCE has also expanded access to nature and learning, running three residentials for young people at risk of exclusion from natural spaces, delivering weekly skills and environmental workshops at City Academy, and partnering with the National Trust to enable school trips for children from deprived backgrounds. Collectively, these efforts have strengthened community bonds, promoted wellbeing, and opened up new opportunities for personal and social development.
Our primary stakeholders are the hundreds of young people who take part in our programmes and use the Pickle Factory throughout the year. We are based in one of the most ethnically diverse neighbourhoods in the South West, and minoritised communities here form a significant part of the groups we serve. In addition, the hirers of the Pickle Factory are key stakeholders whose input helps us keep the space welcoming and useful for a wide range of community needs. NYCE actively consults with all of these stakeholders to ensure our services meet community needs and continue to improve. We receive continual feedback from young people and their families, which directly informs the development of our youth programmes. We have canvassed input from hirers of the Pickle Factory to enhance the usability of the space, and we have held formal consultations with students from the local secondary school to better understand how to adapt and expand the services we offer them. In addition, we regularly seek feedback from our funders through reporting processes, ensuring transparency and demonstrating the value of their investment. This ongoing consultation process helps us to refine our work, maintain strong relationships, and deliver services that are relevant, responsive, and impactful.
The total amount paid or receivable by directors in respect of qualifying services was £16,214. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
31 March 2025
And signed on behalf of the board by:
Name: Emmanuel Maunganidze
Status: Director