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# BMONEYWIZE CIC

## Company limited by guarantee

## Company Registration Number:
07409372 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 1 January 2024

## End date: 31 December 2024

# BMONEYWIZE CIC

## Contents of the Financial Statements

for the Period Ended 31 December 2024

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

# BMONEYWIZE CIC

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Additional information

Statement of directors' responsibilities The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Arinola Araba
Agatha Benyera-Mararike
Omowumi Bandele Oyewole

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
11 September 2025

And signed on behalf of the board by:
Name: Arinola Araba
Status: Director

# BMONEYWIZE CIC

## Profit And Loss Account

for the Period Ended 31 December 2024

| 2024 | 2023
--- | --- | ---
| £ | £
Turnover: | 29,987 | 13,912
Cost of sales: | ( 6,928 ) | ( 3,938 )
Gross profit(or loss): | 23,059 | 9,974
Administrative expenses: | ( 22,849 ) | ( 17,637 )
Other operating income: | 1,000 | 5,826
Operating profit(or loss): | 1,210 | (1,837)
Interest receivable and similar income: | 102 | 13
Profit(or loss) before tax: | 1,312 | (1,824)
Profit(or loss) for the financial year: | 1,312 | (1,824)

# BMONEYWIZE CIC

## Balance sheet

As at 31 December 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 98 | 195
Total fixed assets: |  | 98 | 195
Current assets
Cash at bank and in hand: |  | 2,250 | 9,763
Total current assets: |  | 2,250 | 9,763
Creditors: amounts falling due within one year: | 4 | ( 4,433 ) | ( 13,355 )
Net current assets (liabilities): |  | (2,183) | (3,592)
Total assets less current liabilities: |  | (2,085) | ( 3,397)
Total net assets (liabilities): |  | (2,085) | (3,397)
Members' funds
Profit and loss account: |  | (2,085) | ( 3,397)
Total members' funds: |  | ( 2,085) | (3,397)

The notes form part of these financial statements

# BMONEYWIZE CIC

## Balance sheet statements

For the year ending 31 December 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 11 September 2025
and signed on behalf of the board by:

Name: Arinola Araba
Status: Director

The notes form part of these financial statements

# BMONEYWIZE CIC

## Notes to the Financial Statements

for the Period Ended 31 December 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

  Turnover policy

  Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

  Tangible fixed assets depreciation policy

  Tangible fixed assets and depreciation Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 25% straight line

  Other accounting policies

  Government grants Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss. Going concern The directors consider it is appropriate to prepare the financial statements on a going concern basis.

# BMONEYWIZE CIC

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 1 | 1

# BMONEYWIZE CIC

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 January 2024 |  | 389 |  |  |  | 389
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 December 2024 |  | 389 |  |  |  | 389
Depreciation |  |  |  |  |  |
At 1 January 2024 |  | 194 |  |  |  | 194
Charge for year |  | 97 |  |  |  | 97
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 December 2024 |  | 291 |  |  |  | 291
Net book value |  |  |  |  |  |
At 31 December 2024 |  | 98 |  |  |  | 98
At 31 December 2023 |  | 195 |  |  |  | 195

# BMONEYWIZE CIC

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Creditors: amounts falling due within one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Taxation and social security | 24 |
Accruals and deferred income | 480 | 9,386
Other creditors | 3,929 | 3,969
Total | 4,433 | 13,355

# COMMUNITY INTEREST ANNUAL REPORT

### BMONEYWIZE CIC

### Company Number: 07409372 (England and Wales)

### Year Ending: 31 December 2024

Company activities and impact

PART 1 - GENERAL DESCRIPTION OF THE COMPANY’S ACTIVITIES AND IMPACT bMoneywize is a financial education initiative designed to improve financial and digital literacy among young people and adults, respectively. The program utilises engaging, interactive tools and resources to teach essential financial skills and concepts. Here's a detailed overview of bMoneywize: Overview of bMoneywize Objective: bMoneywize aims to empower individuals with the knowledge and skills necessary to make informed financial decisions. The program targets both young people and adults, providing them with the tools to manage their finances effectively, understand financial products, and plan for their financial futures. Older people learn digital skills through interactive workshops. Key Components: Educational Workshops: Conducted in schools, community centres, and other venues. Cover budgeting, saving, investing, credit management, and debt reduction topics. Interactive sessions that encourage participation and real-life application of financial concepts. Board Games: The bMoneywize board game is a central tool used to teach financial literacy. Players make financial decisions and face real-life scenarios, helping them learn through experience. The game covers various aspects of personal finance, including earning, spending, saving, and investing. Digital Resources: Online modules and resources are accessible through the bMoneywize website. Videos, articles, and quizzes to reinforce learning and provide continuous education. Social media engagement to reach a broader audience and promote financial literacy. Community Engagement: Collaboration with schools, youth groups, and community organisations. Train-the-trainer programs to equip educators and community leaders with the tools to teach financial literacy. Events and campaigns to raise awareness about the importance of financial educa-tion. Evaluation and Feedback: Regular assessment of program effectiveness through feedback from participants and educators. Adaptation and improvement of materials based on user experiences and changing financial landscapes.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The Director received remuneration of £13,600.00 during the period. 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.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 July 2025

And signed on behalf of the board by:
Name: Arinola Araba
Status: Director