TRASH GXNG ACADEMY C.I.C.

Company limited by guarantee

Company Registration Number:
14574154 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 1 February 2024

End date: 31 January 2025

TRASH GXNG ACADEMY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2025

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

TRASH GXNG ACADEMY C.I.C.

Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Directors

The directors shown below have held office during the whole of the period from
1 February 2024 to 31 January 2025

Emmanuel Adesina
Ruth Ofori-Danso
Rilwan Raji


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
18 September 2025

And signed on behalf of the board by:
Name: Emmanuel Adesina
Status: Director

TRASH GXNG ACADEMY C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2025

2025 13 months to 31 January 2024


£

£
Turnover: 26,538 8,600
Cost of sales: ( 18,512 ) 0
Gross profit(or loss): 8,026 8,600
Administrative expenses: ( 5,756 ) ( 1,441 )
Operating profit(or loss): 2,270 7,159
Profit(or loss) before tax: 2,270 7,159
Tax: 0 ( 1,360 )
Profit(or loss) for the financial year: 2,270 5,799

TRASH GXNG ACADEMY C.I.C.

Balance sheet

As at 31 January 2025

Notes 2025 13 months to 31 January 2024


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 3,799 0
Investments:   0 0
Total fixed assets: 3,799 0
Current assets
Stocks:   0 0
Debtors: 4 1 0
Cash at bank and in hand: 32,613 8,487
Investments:   0 0
Total current assets: 32,614 8,487
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 28,344 ) ( 2,688 )
Net current assets (liabilities): 4,270 5,799
Total assets less current liabilities: 8,069 5,799
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 8,069 5,799
Members' funds
Profit and loss account: 8,069 5,799
Total members' funds: 8,069 5,799

The notes form part of these financial statements

TRASH GXNG ACADEMY C.I.C.

Balance sheet statements

For the year ending 31 January 2025 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 18 September 2025
and signed on behalf of the board by:

Name: Emmanuel Adesina
Status: Director

The notes form part of these financial statements

TRASH GXNG ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer Equipment 4 years straight line

TRASH GXNG ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    2025 13 months to 31 January 2024
    Average number of employees during the period 3 3

TRASH GXNG ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2024 0 0 0 0 0 0
Additions 0 0 0 5,114 0 5,114
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 January 2025 0 0 0 5,114 0 5,114
Depreciation
At 1 February 2024 0 0 0 0 0 0
Charge for year 0 0 0 1,315 0 1,315
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 January 2025 0 0 0 1,315 0 1,315
Net book value
At 31 January 2025 0 0 0 3,799 0 3,799
At 31 January 2024 0 0 0 0 0 0

TRASH GXNG ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Debtors

2025 13 months to 31 January 2024
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 1 0
Total 1 0
Debtors due after more than one year: 0 0

TRASH GXNG ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Creditors: amounts falling due within one year note

2025 13 months to 31 January 2024
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 1,360
Accruals and deferred income 26,820 600
Other creditors 1,524 728
Total 28,344 2,688

COMMUNITY INTEREST ANNUAL REPORT

TRASH GXNG ACADEMY C.I.C.

Company Number: 14574154 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

Trash Gxng Academy C.I.C. runs creative programmes for underrepresented young people aged 16-25. This is delivered through face-to-face workshops, drop-in sessions and collaborative projects. We support those from disadvantaged backgrounds, lower socio-economic backgrounds and often those who are at risk of exclusion. For the period 2024-2025, we have: 1. Provided paid working opportunities by on-boarding x2 internships for young people by partnering with the university of Birmingham for a 20-day placement with us; directly training and giving skills to underrepresented communities seeking core employability skills. 2. Delivered x4 Cohorts of our flagship IYCP creative programme with partners in both Lambeth and Southwark Boroughs. Through this we have educated and impacted 30+ underrepresented young people to; advance education and training for the core soft skills required to transition into paid work successfully and exposure to industry experts. Through this work we have supported the co-creation of a youth-created streetwear design that represents their story and lived experiences through our creative academy programme where we have captured the following metrics: -There was a 167% increase in young people feeling more confident to present professional information to a group of people -89% of young people feel confident to step into a role of leadership when the opportunity presents itself -100% feel they can now communicate effectively within the workplace -100% know how to flourish in a team environment towards a shared goal -There was a 60% increase in students feeling as though feel they have a voice and that their voice is heard -80% of our young people have gone into Education, Employment or Training upon completing our creative programme 3. To date of the young people we serve; 90% are ethnic minorities, 80% claim governmental support, 10% shared they have a disability or mental health needs. 4. Secured funding to deliver a further x3 cohorts of our flagship programme to be delivered in the remaining 2024/25 period 5. Secured in principle x2 further internships in partnership with Lambeth Council ensuring paid work at London living Wage for disadvantaged young people in the borough who may have been in the care system and currently NEET seeking employment. 6. Delivered and partnered with the Design Museum twice, to firstly give x5 young people access to experience the creativity of design through the exhibition “Rebel”. We have also partnered with the Design Museum to deliver and facilitate a day workshop with up to x10 of their young people on their Ardagh Creative Programme, providing them an insight into the creative world of fashion design.

Consultation with stakeholders

Our stakeholders are both the young people we serve within our local communities in London and our Advisory Board who support and challenge our organisation to do what is best for our community. Our young people have been consulted through direct surveys after engaging in any of our workshop or partnership activities. This ensures we can receive direct feedback on what opportunities are most relevant for our young people and how best we can improve our delivery. In 2024 we have received feedback directly from the community we serve that states: 1. 97% find our sessions engaging 2. 95% of young people believe that what we are teaching is really important to teach more young people 3. 90% of young people said that we were able to give them a safe space to express themselves 4. 87% of young people feel more empowered to make better decisions for themselves 5. 78% feel more confident going into new job roles after these sessions We continue to evidence the demonstrable impact we’re having on underrepresented young people who are currently outside of Education, Employment and Training, with room for improvement as we grow and scale. Our Advisory board is made up of working professionals, ranging from an assistant headteacher at a local secondary school, head of HR in a UK bank and other experienced professionals supporting our vision. We are also fortunate to have x2 young advisors, who are young people from our local community who can input and shape the direction of our organisation. They have been consulted through our advisory board meetings, where we receive direct feedback on our planned projects and proposed direction. As an organisation, we have directly implemented the recommendations to focus on delivering one core programme before considering branching into other support areas for young people. We have held x2 advisory board meetings in 2024 to support our stakeholder consultations and shaping our organisation. We also updated our terms of reference for our advisory board, to ensure all members are committed to supporting our organisation - in doing so, we removed x2 members and made an addition of one new member. We also consulted a law firm Russell Cooke LLP for pro-bono support to determine the best course of action regarding a Conflict of Interest for any consideration paid to or receivable by third parties for making available the services of any person as a director of the company. A quorum was achieved with a directors meeting with 2 out of the 3 directors present to assess the Conflict of Interest and minutes were documented confirming the agreed outcome decision, qualifying services that were transferred for the benefit of the community. The board meeting minutes after legal consultation concluded that: 1. Purchases are at ‘fair market value’ and well within an acceptable range per day for this service after concluding an independent review of remuneration for this service with x3 received quotes to the tender to ensure that we are paying for services at ‘fair market value' 2. Agreed that services can and will be purchased from Trash Gxng Ltd for the preparation and facilitation of the workshop.

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
18 September 2025

And signed on behalf of the board by:
Name: Emmanuel Adesina
Status: Director