CENTRAL KARATE ACADEMY CIC

Company Registration Number:
15532207 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 29 February 2024

End date: 28 February 2025

CENTRAL KARATE ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 28 February 2025

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

CENTRAL KARATE ACADEMY CIC

Directors' report period ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Principal activities of the company

The principal activity of Central Karate Academy CIC during the financial year was the provision of community-based martial arts and wellbeing programmes for children, young people and families. The company operates a purpose-built karate studio unit from which it delivers structured training programmes focused on physical fitness, confidence, discipline, safeguarding and personal development. Sessions are designed to be inclusive and accessible, supporting participants of all abilities, including those with additional needs and those facing social or financial barriers to participation. In addition to studio-based delivery, the company works in partnership with schools and community organisations to provide outreach sessions, supporting engagement, behaviour, attendance and positive wellbeing. All activities are carried out in line with the company’s community interest objectives, with income reinvested to improve facilities, increase access, support inclusion and expand opportunities for local children and young people.



Directors

The directors shown below have held office during the whole of the period from
29 February 2024 to 28 February 2025

Jake Byrne
Neil Byrne
Jo Hogarth


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
1 December 2025

And signed on behalf of the board by:
Name: Jake Byrne
Status: Director

CENTRAL KARATE ACADEMY CIC

Profit And Loss Account

for the Period Ended 28 February 2025

2025


£
Turnover: 10,000
Cost of sales: ( 15,000 )
Gross profit(or loss): (5,000)
Distribution costs: ( 1,000 )
Administrative expenses: ( 3,000 )
Other operating income: 6,000
Operating profit(or loss): (3,000)
Profit(or loss) before tax: (3,000)
Tax: 0
Profit(or loss) for the financial year: (3,000)

CENTRAL KARATE ACADEMY CIC

Balance sheet

As at 28 February 2025

Notes 2025


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors: 3 3
Cash at bank and in hand: 0
Investments:   0
Total current assets: 3
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 3
Total assets less current liabilities: 3
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 3
Capital and reserves
Called up share capital: 3
Share premium account: 0
Other reserves: 0
Profit and loss account: 0
Total Shareholders' funds: 3

The notes form part of these financial statements

CENTRAL KARATE ACADEMY CIC

Balance sheet statements

For the year ending 28 February 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 1 December 2025
and signed on behalf of the board by:

Name: Jake Byrne
Status: Director

The notes form part of these financial statements

CENTRAL KARATE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 28 February 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

CENTRAL KARATE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025
    Average number of employees during the period 3

CENTRAL KARATE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Debtors

2025
£
Trade debtors 3
Total 3

CENTRAL KARATE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Financial Commitments

The company operates from a purpose-built studio unit, which gives rise to ongoing financial commitments in the form of rent, service charges, utilities, insurance and maintenance costs necessary to maintain a safe, compliant and accessible facility for community use. These commitments represent a significant but essential part of the organisation’s cost base, as the studio unit enables the company to deliver consistent, high-quality sessions, safeguard participants and provide a stable environment for children, young people and families. The directors actively monitor these commitments to ensure they remain affordable and sustainable, and that they continue to support the long-term delivery of the company’s community benefit objectives.

CENTRAL KARATE ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Loans to directors

Name of director receiving advance or credit: Neil Byrne
Description of the transaction:
Materials
£
Balance at
Advances or credits made: 3,000
Advances or credits repaid: 1,000
Balance at 28 February 2025 2,000

During the financial year, Neil Byrne, Director of Karate, provided materials and resources for the benefit of Central Karate Academy CIC, the cost of which was treated as a loan to the company. These materials were used directly in the delivery of karate sessions and community programmes and remain for the ongoing use of the CIC. The arrangement supported the continuity of service delivery, particularly at times when immediate purchasing by the company was not possible. Any amounts outstanding at the year end were recorded appropriately in the company’s accounts and will be repaid in accordance with agreed terms. No interest was charged and no preferential benefit was provided. This arrangement was entered into solely to support the organisation’s community interest objectives and to ensure uninterrupted provision of services.

COMMUNITY INTEREST ANNUAL REPORT

CENTRAL KARATE ACADEMY CIC

Company Number: 15532207 (England and Wales)

Year Ending: 28 February 2025

Company activities and impact

During the financial year, Central Karate Academy CIC continued to deliver high-quality, inclusive martial arts and wellbeing programmes designed to improve physical health, confidence, discipline and social development across the local community. Our core activity is the provision of affordable and accessible karate training for children, young people and families, with a strong emphasis on safeguarding, inclusion and personal development. Sessions were delivered primarily from our purpose-built studio unit, providing a safe, structured and welcoming environment for participants of all ages and abilities. Through our weekly classes, school partnerships and outreach programmes, we engaged children and young people from a wide range of backgrounds, including those with additional needs, those from low-income households and individuals who face barriers to mainstream sport. Karate training at Central Karate Academy CIC goes beyond physical activity. Our programmes are structured to promote: Emotional resilience and self-regulation Positive behaviour and respect for others Confidence, leadership and teamwork Improved mental health and wellbeing These outcomes are particularly valuable for young people who struggle in traditional educational or social settings. Many parents and carers reported improved behaviour, focus and self-esteem in their children as a result of attending our sessions. In addition to studio-based delivery, we worked with schools and community partners to extend our reach, supporting pupils with engagement, attendance and behaviour and reinforcing positive attitudes towards learning and achievement. We ensured that financial barriers did not prevent participation. Through reduced-cost places, flexible payment arrangements and hardship support, children who might otherwise be excluded were able to continue training and benefit from the programme. The organisation also provided employment, training and volunteering opportunities for local people, including assistant instructors and young leaders, helping to develop skills in coaching, safeguarding, communication and leadership. Overall, Central Karate Academy CIC has made a meaningful and measurable contribution to the community by: Increasing access to physical activity Supporting children’s mental health and emotional development Promoting positive behaviour and social inclusion Strengthening community engagement through sport These activities directly further the company’s community interest objectives and continue to create long-term social value for the people we serve.

Consultation with stakeholders

During the financial year, Central Karate Academy CIC undertook ongoing consultation with key stakeholders to ensure that the organisation’s activities continued to meet community needs and operate in line with its social objectives. Consultation was primarily carried out through director meetings led by the Executive Director, Jake Byrne. These meetings provided a structured forum for reviewing performance, discussing operational matters and planning the future direction of the organisation. Directors were able to share feedback from staff, parents, participants, schools and community partners, ensuring that a wide range of voices informed decision-making. Stakeholder views were considered in relation to: Programme delivery and class structure Safeguarding and welfare arrangements Accessibility and inclusion Financial sustainability and pricing Expansion of services and partnerships In addition to formal director meetings, feedback from parents, carers, young people, instructors and partner schools was gathered informally through regular communication, attendance monitoring and ongoing engagement at sessions delivered in the purpose-built studio and partner venues. This feedback was reported into director discussions and used to inform improvements and service development. This ongoing consultation process helped ensure that Central Karate Academy CIC remained responsive to community needs, maintained high standards of service, and continued to operate in a way that delivers meaningful social benefit.

Directors' remuneration

During the financial year, Central Karate Academy CIC was led by the dedicated efforts of Executive Director Jake Byrne and Director of Karate, Neil Byrne. Following the sudden departure of another named director during the year, both remaining directors took on a significantly increased workload in order to ensure the continued operation and stability of the organisation. This included additional responsibilities relating to programme delivery, safeguarding, staffing, finance, compliance and the ongoing running of the purpose-built studio. Any remuneration paid to directors reflected the substantial time, expertise and operational responsibility required to manage and deliver the company’s activities and was set at a level considered reasonable and proportionate to the work undertaken and in line with the company’s financial position. The Board ensured that all director payments were properly authorised, recorded and made in accordance with CIC regulations and the company’s governing documents, with no excessive or inappropriate financial benefit provided. The directors remain committed to delivering strong community benefit and ensuring that the majority of the organisation’s income continues to be reinvested into services for children, young people and the wider community.

Transfer of assets

During the financial year, Central Karate Academy CIC did not transfer any assets to directors or third parties other than in the normal course of business. Some directors incurred personal expenditure on behalf of the company in order to support the day-to-day operation of the organisation, including costs such as venue hire, equipment, supplies and essential services. These amounts were subsequently reimbursed by the company in line with agreed procedures and on presentation of receipts or evidence of expenditure. These reimbursements did not represent a transfer of assets for private benefit, but the repayment of funds advanced to the company in order to enable it to continue operating and delivering community benefit. No director received any personal profit or financial advantage beyond the recovery of costs incurred on behalf of the CIC. The organisation remains compliant with CIC regulations regarding asset use and continues to ensure that all funds and assets are applied solely in furtherance of its community interest objectives.

This report was approved by the board of directors on
1 December 2025

And signed on behalf of the board by:
Name: Jake Byrne
Status: Director