NIGERIAN YORKSHIRE COMMUNITIES NETWORK UK CIC

Company limited by guarantee

Company Registration Number:
13062577 (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

NIGERIAN YORKSHIRE COMMUNITIES NETWORK UK 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

NIGERIAN YORKSHIRE COMMUNITIES NETWORK UK 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

Principal activities of the company

Principal activity of the company during the financial year was of cultural education, educational support services, other social work activities without accommodation not elsewhere classified and other sports activities.



Directors

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

KOLAWOLE, Jayes Parker
ANIANWU, Franklin
SUBAIR, Kehinde Peter


Secretary AMARACHUKWU, Amanari

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
7 August 2025

And signed on behalf of the board by:
Name: KOLAWOLE, Jayes Parker
Status: Director

NIGERIAN YORKSHIRE COMMUNITIES NETWORK UK CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 78,591 91,612
Gross profit(or loss): 78,591 91,612
Administrative expenses: ( 78,950 ) ( 92,694 )
Operating profit(or loss): (359) (1,082)
Profit(or loss) before tax: (359) (1,082)
Profit(or loss) for the financial year: (359) (1,082)

NIGERIAN YORKSHIRE COMMUNITIES NETWORK UK CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 605 370
Total current assets: 605 370
Creditors: amounts falling due within one year: 3 ( 3,446 ) ( 2,852 )
Net current assets (liabilities): (2,841) (2,482)
Total assets less current liabilities: (2,841) ( 2,482)
Total net assets (liabilities): (2,841) (2,482)
Members' funds
Profit and loss account: (2,841) ( 2,482)
Total members' funds: ( 2,841) (2,482)

The notes form part of these financial statements

NIGERIAN YORKSHIRE COMMUNITIES NETWORK UK 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 7 August 2025
and signed on behalf of the board by:

Name: KOLAWOLE, Jayes Parker
Status: Director

The notes form part of these financial statements

NIGERIAN YORKSHIRE COMMUNITIES NETWORK UK 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Other accounting policies

    The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

NIGERIAN YORKSHIRE COMMUNITIES NETWORK UK CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 6

NIGERIAN YORKSHIRE COMMUNITIES NETWORK UK CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 3,446 2,852
Total 3,446 2,852

COMMUNITY INTEREST ANNUAL REPORT

NIGERIAN YORKSHIRE COMMUNITIES NETWORK UK CIC

Company Number: 13062577 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

NYCN since its creation according to its visions to the communities have recognised the need for local diverse communities to access regular sport and physical activity opportunities with likeminded people, attracting and providing for participants from across Leeds. NYCN work in some of the most deprived communities, where access to opportunity is challenging and for some people from the black communities, BAME and other ethnics backgrounds, especially young people and females appears unobtainable. NYCN aims to make sport accessible for these local people, creating a community feel and sense of belonging, taking a holistic and person-centred approach to address multifaceted issues. Mirroring national trends, female and BME participation levels are lower and there a number of specific barriers affecting participation including language, self-confidence, the perceived rigidity of sports infrastructure and stereotyping, however on the ground consultation identifies a latent demand. As part of our organisation objectives our aim is to utilise sporting activities to build a strong diverse community where health inequalities are greater than the national average. Majority of our sport activities will take place in areas of multiple deprivation, where young black, BAME, other communities, especially females face a multitude of difficulties including living in poverty, obesity, life expectancy, educational attainment, drug and alcohol misuse and smoking. Life expectancy for both males and females is worse than the England average, reducing by 10.8 years for males and 8.5 years for females in deprived communities. Our food bank/food share programme continue to grow stronger feeding the community, tackling food waste and support families currently going through high cost of living, also we are deeply involved in running the healthy holidays every year with 24 holidays activities targeted at primary and secondary school children eligible for school meals, vulnerable, & SEND, also on a weekly basis supporting the community with community services such job and accommodation search, stronger community activities partnership with various charity and community group to support local service such as emergency food items for the vulnerable.

Consultation with stakeholders

NYCN stakeholders within the communities in Yorkshire are mostly families, students and businesses, and other organisations especially from time to time, we do have community event partnership to support the community by working with the local govemment representatives. NYCN has undertaken consultation through with various stakeholders on community projects, programme and events, regular meetings, forums - formal and informal, supported by partners to understand the needs of local people. NYCN has a post session evaluation tool that helps to shape existing provision and to help develop new programmes based on local needs, Informal conversations are had across networks and through outreach work and is used to assess existing levels of participation and seeks to measure latent demand, which activities would be most appealing, along with identifying the right time, place, price and style. In addition, NYCN have utilised various online forum session's to support metal health victims, loneliness, also the use of session through career expert to educate and advise our communities on career training programmes on zoom to work with other.

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
7 August 2025

And signed on behalf of the board by:
Name: Jayes Parker KOLAWOLE
Status: Director