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# CHASING PROSPECTS CIC

## Company Registration Number:
11964270 (England and Wales)

## Unaudited statutory accounts for the year ended 30 April 2025

## Period of accounts

## Start date: 1 May 2024

## End date: 30 April 2025

# CHASING PROSPECTS CIC

## Contents of the Financial Statements

for the Period Ended 30 April 2025

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

# CHASING PROSPECTS CIC

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Principal activities of the company

The principal activities of Chasing Prospects CIC during the financial year were the delivery of education, training and employment (ETE) workshops, targeted outreach, mentoring and wellbeing support for young people. The company’s work focused on engaging young people who are at risk of disengagement from education, unemployment, poor mental health, or involvement in negative peer networks. Activities included structured group workshops, 1-to-1 mentoring, outreach-based engagement and wellbeing-focused interventions designed to improve employability skills, confidence, emotional resilience and positive life choices. Chasing Prospects CIC worked in partnership with local authorities, education and training providers, and voluntary and community sector organisations to support young people’s progression into education, training, employment or sustained positive engagement with services. Throughout the financial year, the company supported over 250 young people, delivering community-based programmes that promoted personal development, wellbeing, and long-term employability outcomes while contributing to safer and more resilient communities. The company operated on a not-for-profit basis, with all activities aligned to its community interest objectives and reinvested to further its social impact.

Directors

The director shown below has held office during the whole of the period from
1 May 2024 to 30 April 2025

Imuetinyan Okungbowa

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
27 January 2026

And signed on behalf of the board by:
Name: Imuetinyan Okungbowa
Status: Director

# CHASING PROSPECTS CIC

## Profit And Loss Account

for the Period Ended 30 April 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 300 | 300
Cost of sales: | ( 300 ) | ( 300 )
Gross profit(or loss): | 0 | 0
Distribution costs: | ( 100 ) | ( 100 )
Administrative expenses: | ( 250 ) | ( 250 )
Other operating income: | 0 | 0
Operating profit(or loss): | (350) | (350)
Interest receivable and similar income: | 0 | 0
Interest payable and similar charges: | 0 | 0
Profit(or loss) before tax: | (350) | (350)
Tax: | ( 350 ) | ( 350 )
Profit(or loss) for the financial year: | (700) | (700)

# CHASING PROSPECTS CIC

## Balance sheet

As at 30 April 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 1 | 1
Fixed assets
Intangible assets: | 3 | 1 | 1
Tangible assets: | 4 | 2 | 2
Investments: | 5 | 1 | 1
Total fixed assets: |  | 4 | 4
Current assets
Stocks: |  | 0 | 0
Debtors: |  | 0 | 0
Cash at bank and in hand: |  | 0 | 0
Investments: |  | 0 | 0
Total current assets: |  | 0 | 0
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: |  | 0 | 0
Net current assets (liabilities): |  | 0 | 0
Total assets less current liabilities: |  | 5 | 5
Creditors: amounts falling due after more than one year: |  | 0 | 0
Provision for liabilities: |  | ( 1 ) | ( 1 )
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | 4 | 4
Capital and reserves
Called up share capital: |  | 1 | 1
Share premium account: |  | 1 | 1
Other reserves: |  | 1 | 1
Profit and loss account: |  | 1 | 1
Total Shareholders' funds: |  | 4 | 4

The notes form part of these financial statements

# CHASING PROSPECTS CIC

## Balance sheet statements

For the year ending 30 April 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 27 January 2026
and signed on behalf of the board by:

Name: Imuetinyan Okungbowa
Status: Director

The notes form part of these financial statements

# CHASING PROSPECTS CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

# CHASING PROSPECTS CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# CHASING PROSPECTS CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 3. Intangible assets

| Goodwill | Other | Total
--- | --- | --- | ---
Cost | £ | £ | £
At 1 May 2024 | 1 | 0 | 1
Additions | 0 | 0 | 0
Disposals | 0 | 0 | 0
Revaluations | 0 | 0 | 0
Transfers |  |  |
At 30 April 2025 | 1 | 0 | 1
Amortisation |  |  |
At 1 May 2024 | 0 | 0 | 0
Charge for year | 0 | 0 | 0
On disposals | 0 | 0 | 0
Other adjustments | 0 | 0 | 0
At 30 April 2025 | 0 | 0 | 0
Net book value |  |  |
At 30 April 2025 | 1 | 0 | 1
At 30 April 2024 | 1 | 0 | 1

# CHASING PROSPECTS CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 4. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 May 2024 | 0 | 0 | 1 | 1 | 0 | 2
Additions | 0 | 0 | 0 | 0 | 0 | 0
Disposals | 0 | 0 | 0 | 0 | 0 | 0
Revaluations | 0 | 0 | 0 | 0 | 0 | 0
Transfers | 0 | 0 | 0 | 0 | 0 | 0
At 30 April 2025 | 0 | 0 | 1 | 1 | 0 | 2
Depreciation |  |  |  |  |  |
At 1 May 2024 | 0 | 0 | 0 | 0 | 0 | 0
Charge for year | 0 | 0 | 0 | 0 | 0 | 0
On disposals | 0 | 0 | 0 | 0 | 0 | 0
Other adjustments | 0 | 0 | 0 | 0 | 0 | 0
At 30 April 2025 | 0 | 0 | 0 | 0 | 0 | 0
Net book value |  |  |  |  |  |
At 30 April 2025 | 0 | 0 | 1 | 1 | 0 | 2
At 30 April 2024 | 0 | 0 | 1 | 1 | 0 | 2

# CHASING PROSPECTS CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 5. Fixed assets investments note

none

# COMMUNITY INTEREST ANNUAL REPORT

### CHASING PROSPECTS CIC

### Company Number: 11964270 (England and Wales)

### Year Ending: 30 April 2025

Company activities and impact

During the financial year, Chasing Prospects CIC delivered education, training and employment (ETE) workshops alongside targeted outreach and wellbeing support to over 250 young people across local communities. Our activities were specifically designed to support young people who are at risk of disengagement from education, unemployment, poor mental wellbeing, or involvement in negative peer networks. Through structured workshops, 1-to-1 mentoring, and group-based wellbeing interventions, we focused on improving employability skills, confidence, routine, emotional regulation and positive decision-making. Measured Outcomes & Positive Impact Based on session feedback, attendance data and post-programme evaluations: 78% of participants showed improved engagement with education, training or employment pathways following involvement with Chasing Prospects CIC. 72% reported increased confidence, motivation and clarity around future goals. 69% reported improvements in wellbeing, including reduced stress, improved emotional regulation and better day-to-day routine. 81% of participants either progressed into education, training, employment, or sustained engagement with positive services within 3 months of support. In addition, feedback data showed a strong endorsement of our delivery approach: 89% of young people stated they would recommend Chasing Prospects CIC to a peer in a similar situation. 92% rated the workshops and outreach support as “good” or “excellent”. Wider Community Benefit The company’s work has contributed to wider community outcomes by: Reducing disengagement and isolation among young people Supporting early intervention around wellbeing and risk Strengthening links between young people, local services and employment pathways Promoting healthier lifestyles, positive routines and pro-social behaviour Overall, Chasing Prospects CIC has delivered clear, measurable social value during the financial year, supporting young people to move towards more positive, stable and productive futures while contributing to safer, healthier local communities.

Consultation with stakeholders

During the financial year, Chasing Prospects CIC actively consulted with a range of named stakeholders to ensure its services were relevant, effective and aligned with local priorities. Consultation took place with the following stakeholder groups: Young people engaged in Chasing Prospects CIC’s ETE workshops, mentoring and wellbeing outreach programmes Local authority services, including: Youth Offending Services (YOS) Children’s Social Care and Leaving Care Teams Education, Training and Employment (ETE) and NEET teams Early Help and contextual safeguarding services Education and training providers, including: Alternative Provision (AP) settings Further Education (FE) colleges Vocational training and employability providers Voluntary and Community Sector (VCS) organisations, including youth charities, mentoring services and wellbeing providers Referral and commissioning partners, including local councils and programme leads Parents, carers and guardians, where appropriate and consented Methods of Consultation Consultation was carried out through: Structured post-programme feedback forms completed by young people Ongoing 1-to-1 reflective discussions during mentoring and outreach sessions Multi-agency meetings, reviews and panel discussions with local authority professionals Regular check-ins and planning meetings with partner organisations and education providers Key Themes and Outcomes Feedback from stakeholders consistently highlighted: The value of relationship-based and flexible engagement models The effectiveness of combining employability support with wellbeing and confidence-building The importance of physical activity and structured routine as engagement and protective factors The need for strong communication and coordination between professionals This feedback directly informed service development, including refinements to workshop content, increased focus on wellbeing outcomes alongside ETE progression, and more personalised support pathways for young people with complex needs. Overall, stakeholder consultation confirmed that Chasing Prospects CIC’s services are well-aligned with community need and positively regarded by both beneficiaries and professional partners.

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
27 January 2026

And signed on behalf of the board by:
Name: Imuetinyan Okungbowa
Status: Director