LOCAL CHAMPIONS CIC

Company limited by guarantee

Company Registration Number:
13841670 (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

LOCAL CHAMPIONS CIC

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

LOCAL CHAMPIONS CIC

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

Nikita Gicanda Vervelde
Mafalda Silva


The director shown below has held office during the period of
1 February 2024 to 2 February 2024

Jessica Ukachi Nmeoma Okwuonu


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
31 October 2025

And signed on behalf of the board by:
Name: Nikita Gicanda Vervelde
Status: Director

LOCAL CHAMPIONS CIC

Profit And Loss Account

for the Period Ended 31 January 2025

2025 2024


£

£
Turnover: 20,606 132
Cost of sales: ( 4,118 ) ( 8,851 )
Gross profit(or loss): 16,488 (8,719)
Administrative expenses: ( 54,644 ) ( 19,742 )
Other operating income: 38,491 28,335
Operating profit(or loss): 335 (126)
Profit(or loss) before tax: 335 (126)
Tax: ( 180 )
Profit(or loss) for the financial year: 155 (126)

LOCAL CHAMPIONS CIC

Balance sheet

As at 31 January 2025

Notes 2025 2024


£

£
Current assets
Cash at bank and in hand: 643 1,400
Total current assets: 643 1,400
Creditors: amounts falling due within one year: 3 ( 2,055 ) ( 3,147 )
Net current assets (liabilities): (1,412) (1,747)
Total assets less current liabilities: (1,412) ( 1,747)
Creditors: amounts falling due after more than one year: 4 ( 180 )
Total net assets (liabilities): (1,592) (1,747)
Members' funds
Profit and loss account: (1,592) ( 1,747)
Total members' funds: ( 1,592) (1,747)

The notes form part of these financial statements

LOCAL CHAMPIONS CIC

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 31 October 2025
and signed on behalf of the board by:

Name: Nikita Gicanda Vervelde
Status: Director

The notes form part of these financial statements

LOCAL CHAMPIONS CIC

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 of income from consultancy 'Other operating income' comprises of grants

LOCAL CHAMPIONS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

LOCAL CHAMPIONS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Creditors: amounts falling due within one year note

2025 2024
£ £
Accruals and deferred income 1,449 2,410
Other creditors 606 737
Total 2,055 3,147

LOCAL CHAMPIONS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

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

2025
£
Other creditors 180
Total 180

LOCAL CHAMPIONS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Loans to directors

Name of director receiving advance or credit: Nikita Gicanda Vervelde
Description of the transaction:
Amounts owed to the director for payments made on behalf of the CIC
£
Balance at 31 January 2024 606
Advances or credits made: 131
Advances or credits repaid:
Balance at 31 January 2025 737

COMMUNITY INTEREST ANNUAL REPORT

LOCAL CHAMPIONS CIC

Company Number: 13841670 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

Local Champions CIC exists to build a fairer, more connected future. We support women and young people from global-majority and low-income backgrounds through enterprise, sport and technology. Our work is co-designed with communities and partners. Key programmes delivered (1 Feb 2024 – 31 Jan 2025): YEA! Haringey (Year 3) – with Peabody Communities 9 participants completed a 10-week journey, receiving 70 hours of expert-led sessions, 1-to-1 mentoring (4h), 1-to-1 coaching (4h) and optional add-ons (6h). 12 people gained Mental Health First Aid accreditation (10 women). Participants took part in a pitch day with grants up to £5,000, with 3 awards made. (As per YEA cohort data you supplied.) Peabody contract receipts are recorded on 15 May (£12,800), 9 Aug (£6,400) and 23 Oct (£800). Girls’ Mentoring (Propel grant via Active Communities Network) 1-to-1 mentoring for girls (10–25), focusing on confidence, employability and routes into enterprise and sport. (Per your programme note.) Related ACN grant payments appear in June, August and December. Mothers & Babies in Sport – Olympia Infinity FC x Local Champions Weekly football plus socio-emotional learning for mothers, with subsidised childcare to reduce barriers to participation. (Per your programme note.) Big Issue Invest (Power Up London) capacity-building Investment used to upskill staff and strengthen systems/governance ahead of growth. £18,649 received 08 Nov 2024. Financial context (summary for Y3): Total income £59,096.97 (turnover/contracts £20,606.00; grants/other operating income £38,490.50). Total expenditure £62,182.83.

Consultation with stakeholders

Local Champions’ entire approach is built on co-creation, trust and reciprocity. We do not see consultation as a one-off activity, but as a continuous cycle of listening, reflection, design, delivery, and learning. Our stakeholders include: young entrepreneurs and freelancers who participate in our programmes, community members and families who access mentoring or sport-based wellbeing, delivery partners such as Peabody, Active Communities Network, Olympia Infinity FC and the Good Growth Hub, funders and policy partners who invest in local capacity, and our freelance delivery team, mentors and coaches. How we engage We follow a structured six-stage co-creation methodology that has been independently studied by Loughborough University. 1. Co-design first – Listening and framing. Before any project launch, we convene community workshops, focus groups and informal discussions to understand local priorities, barriers and aspirations. We record these sessions and feed the insights directly into programme design. 2. Employ locally – Investing in community capacity. Wherever possible, we contract and train local facilitators, mentors and creatives, reinvesting resources into the same communities we serve. 3. Lead with positivity – Creating safe and motivating spaces. Our sessions begin with wellbeing check-ins and ground rules that build trust and inclusion, particularly for women and young people new to enterprise or sport. 4. Engage networks of trust. We convene partners from government, education, industry and grassroots sectors to co-deliver content and provide mentoring, ensuring representation and shared ownership. 5. Think differently, Iterate and improve. We embed reflection activities within every programme week. Participants give live feedback through surveys, verbal debriefs and digital forms; staff review these collectively to refine delivery. 6. Shift the balance, Share learning and influence systems. Findings are summarised through reports, showcase events and learning sessions with funders and peers, ensuring local insights inform policy and sector practice. How we measure and respond Monitoring & Evaluation is built into every workstream: Each participant completes a baseline and end-line self-assessment measuring confidence, skills and networks. We track quantitative metrics such as attendance, hours of engagement, and progression (funding won, jobs created, businesses registered). Qualitative feedback is gathered via weekly reflection forms, mentoring logs, focus groups and video testimonials. Data are analysed by staff and shared back with stakeholders in quarterly reflection meetings and final reports. Changes implemented this year include: adding peer-led “Get It Done” sessions to YEA after mid-programme feedback requested more time for implementation: integrating subsidised childcare into our Mothers & Babies in Sport sessions following consultation with participants; and introducing wellbeing tracking and MHFA training in response to participants’ requests for mental-health support. Continuous learning culture Because stakeholder consultation is constant, Local Champions is able to adapt rapidly and ensure community relevance. Each cycle of work strengthens our “networks of trust”, bridging community knowledge with institutional influence, and feeds back into both programme design and organisational learning. This participatory approach is the foundation of our impact model and ensures that decision-making is always collective, evidence-informed and rooted in lived experience.

Directors' remuneration

See accounts for full details. “There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for directors’ 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
29 October 2025

And signed on behalf of the board by:
Name: Nikita Gicanda Vervelde
Status: Director