BELIEVE ACHIEVE CIC

Company limited by guarantee

Company Registration Number:
13103678 (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

BELIEVE ACHIEVE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

BELIEVE ACHIEVE CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£
£
Turnover: 1,568 8,504
Cost of sales: ( 20,614 ) ( 25,197 )
Gross profit(or loss): (19,046) (16,693)
Administrative expenses: ( 197,955 ) ( 142,569 )
Other operating income: 221,615 161,484
Operating profit(or loss): 4,614 2,222
Interest receivable and similar income: 378
Interest payable and similar charges: ( 3,566 ) ( 1,840 )
Profit(or loss) before tax: 1,426 382
Tax: ( 1,183 ) ( 1,247 )
Profit(or loss) for the financial year: 243 (865)

BELIEVE ACHIEVE CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£
£
Fixed assets
Tangible assets: 3 72,116 68,025
Total fixed assets: 72,116 68,025
Current assets
Debtors: 4 2,216 2,450
Cash at bank and in hand: 178,276 86,021
Total current assets: 180,492 88,471
Creditors: amounts falling due within one year: 5 ( 214,921 ) ( 118,914 )
Net current assets (liabilities): (34,429) (30,443)
Total assets less current liabilities: 37,687 37,582
Creditors: amounts falling due after more than one year: 6 ( 36,651 ) ( 36,789 )
Total net assets (liabilities): 1,036 793
Members' funds
Profit and loss account: 1,036 793
Total members' funds: 1,036 793

The notes form part of these financial statements

BELIEVE ACHIEVE 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 14 August 2025
and signed on behalf of the board by:

Name: Tunde Olasupo
Status: Director

The notes form part of these financial statements

BELIEVE ACHIEVE 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

BELIEVE ACHIEVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 7 7

BELIEVE ACHIEVE 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 9,399 84,201 93,600
Additions 4,918 74,548 79,466
Disposals ( 84,201 ) ( 84,201 )
Revaluations
Transfers
At 31 December 2024 14,317 74,548 88,865
Depreciation
At 1 January 2024 5,715 19,860 25,575
Charge for year 3,579 7,455 11,034
On disposals ( 19,860 ) ( 19,860 )
Other adjustments
At 31 December 2024 9,294 7,455 16,749
Net book value
At 31 December 2024 5,023 67,093 72,116
At 31 December 2023 3,684 64,341 68,025

BELIEVE ACHIEVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Other debtors 2,216 2,450
Total 2,216 2,450

BELIEVE ACHIEVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 33,738 32,667
Taxation and social security 1,183 1,247
Accruals and deferred income 180,000 85,000
Total 214,921 118,914

BELIEVE ACHIEVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

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

2024 2023
£ £
Other creditors 36,651 36,789
Total 36,651 36,789

COMMUNITY INTEREST ANNUAL REPORT

BELIEVE ACHIEVE CIC

Company Number: 13103678 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

Believe Achieve CIC is a dynamic, community-rooted organisation dedicated to unlocking the potential of young people, supporting vulnerable families, and building stronger, more inclusive communities. Throughout the 2024–2025 period, we significantly scaled our services in response to increased demand caused by economic hardship, refugee displacement, and rising social inequality. Key achievements during this period include: - Supporting 1,378 active young people, with over 650 on our waiting list - Running a thriving youth club five days a week, providing safe, structured activities - Distributing essential food parcels and utility vouchers to hundreds of low-income families - Helping 23 young people into full-time employment through targeted employability support - Establishing a community bike library to promote school access and reduce transport barriers - Providing ESOL, wellbeing, and cultural support to over 1,000 newly settled refugees - Delivering a youth-led dance theatre project internationally (Mind’s Journey) to boost confidence and creative expression - Launching the Sunnyside Community Green Space & Allotment Project, promoting environmental learning and food sustainability - Actively planning our flagship winter event: Winter Wonder Farnworth, scheduled for 6 December 2025, aiming to bring together diverse communities in the face of rising local tensions - All initiatives are free or low-cost to ensure maximum accessibility for those most in need.

Consultation with stakeholders

We engage meaningfully with our stakeholders throughout the year to co-produce relevant services and strengthen community ownership. These stakeholders include: - Young people and their families - Local schools, health services, colleges, and housing associations - Bolton Council and regional voluntary sector networks - Local businesses and faith groups - Consultation is carried out through: - Community and youth voice forums - Digital and paper surveys - Parent and volunteer focus groups - Suggestion boxes and regular feedback meetings - This process ensures our services evolve with the community’s needs and priorities at the core.

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
30 July 2025

And signed on behalf of the board by:
Name: Tunde Olasupo
Status: Director