for the Period Ended 31 December 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2024
Directors
The directors shown below have held office during the whole of the period from
1 January 2024
to
31 December 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | 2023 | |
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
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| Other operating income: |
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| Operating profit(or loss): |
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| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
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| Tax: |
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| Profit(or loss) for the financial year: |
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( |
As at
| Notes | 2024 | 2023 | |
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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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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 4 |
(
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(
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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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| 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
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 December 2024
Basis of measurement and preparation
Tangible fixed assets depreciation policy
for the Period Ended 31 December 2024
| 2024 | 2023 | |
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| Average number of employees during the period |
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for the Period Ended 31 December 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 January 2024 |
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| Transfers |
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| At 31 December 2024 |
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| At 1 January 2024 |
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| On disposals |
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| At 31 December 2024 |
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| Net book value | ||||||
| At 31 December 2024 |
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| At 31 December 2023 |
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for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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In the financial year 2024, The Next Chosen Generation CiC was able to support young people aged 8years – 24years and their families to cope with the post-pandemic and cost of living crisis. We provided academic and non-academic support to our members. The support we provided included physical interventions in terms of food and materials, coaching, mentoring, inspirational events and social engagement activities that encouraged families to come out again. We partnered with Active Essex to deliver the Holiday Activities and Food initiative during the summer and winter holidays. We implemented sports, music instrumental lessons which helped our community to get active again and manage their mental wellbeing. We continued to deliver initiatives and projects that helped our community to maintain their overall wellbeing, focus on the future, obtain employment and keep on upskilling whilst they were looking for work. This ensured that we got people back into the work place whilst planning for a better future ahead post COVID. We delivered parenting initiatives that ensured that parents were supported, whilst supporting their own children through the chaos of the pandemic.
The stakeholders for The Next Chosen Generation CIC are as follows: Young People aged 8years – 24years Parents in the community Basildon Borough Council Local Schools Employers The Next Chosen Generation CiC projects are shaped and guided by our stakeholders (mainly the young people). They are regularly asked for their views. Their suggestions are assessed and developed with them prior to delivery. It was their request for different types of support and activities that drove the approach that we apply to the delivery of all our activities. We always ask for feedback on young people’s progress from their parents. Whilst in conversation with parents, we discovered that they to need support. We therefore continued with our parents coffee morning as a support network for our parents. TNCG works in alignment with the Basildon Borough Council, Local Schools and Employers visions for supporting desired future direction of young people. We use their young people consultation results to shape the delivery of our projects.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 October 2025
And signed on behalf of the board by:
Name: YETUNDE ADESHILE
Status: Director