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# BLACK EXCELLENCE IN TECH CIC

## Company limited by guarantee

## Company Registration Number:
15829957 (England and Wales)

## Unaudited statutory accounts for the year ended 31 July 2025

## Period of accounts

## Start date: 10 July 2024

## End date: 31 July 2025

# BLACK EXCELLENCE IN TECH CIC

## Contents of the Financial Statements

for the Period Ended 31 July 2025

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

# BLACK EXCELLENCE IN TECH CIC

Directors' report period ended 31 July 2025

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

Directors

The directors shown below have held office during the whole of the period from
10 July 2024 to 31 July 2025

Olubunmi Alade
Julie Okundaye

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
16 April 2026

And signed on behalf of the board by:
Name: Olubunmi Alade
Status: Director

# BLACK EXCELLENCE IN TECH CIC

## Profit And Loss Account

for the Period Ended 31 July 2025

| 13 months to 31 July 2025
--- | ---
| £
Turnover: | 2,000 |
Gross profit(or loss): | 2,000
Administrative expenses: | ( 2,147 ) |
Operating profit(or loss): | (147)
Profit(or loss) before tax: | (147)
Profit(or loss) for the financial year: | (147)

# BLACK EXCELLENCE IN TECH CIC

## Balance sheet

As at 31 July 2025

| Notes | 13 months to 31 July 2025
--- | --- | ---
|  | £
Current assets
Cash at bank and in hand: |  | 1,636 |
Total current assets: |  | 1,636
Creditors: amounts falling due within one year: | 3 | ( 1,783 ) |
Net current assets (liabilities): |  | (147)
Total assets less current liabilities: |  | (147)
Total net assets (liabilities): |  | (147)
Members' funds
Profit and loss account: |  | (147) |
Total members' funds: |  | ( 147)

The notes form part of these financial statements

# BLACK EXCELLENCE IN TECH CIC

## Balance sheet statements

For the year ending 31 July 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 16 April 2026
and signed on behalf of the board by:

Name: Olubunmi Alade
Status: Director

The notes form part of these financial statements

# BLACK EXCELLENCE IN TECH CIC

## Notes to the Financial Statements

for the Period Ended 31 July 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

# BLACK EXCELLENCE IN TECH CIC

## Notes to the Financial Statements

for the Period Ended 31 July 2025

- ## 2. Employees

  | 13 months to 31 July 2025
  --- | ---
  Average number of employees during the period | 0 |

# BLACK EXCELLENCE IN TECH CIC

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 3. Creditors: amounts falling due within one year note

| 13 months to 31 July 2025
--- | ---
| £
Other creditors | 1,783 |
Total | 1,783

Other creditors' amount includes £1363 Loans from the Directors

# BLACK EXCELLENCE IN TECH CIC

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 4. Financial Commitments

The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required, not exceeding £1.

# COMMUNITY INTEREST ANNUAL REPORT

### BLACK EXCELLENCE IN TECH CIC

### Company Number: 15829957 (England and Wales)

### Year Ending: 31 July 2025

Company activities and impact

Between 10 July 2024 and 31 July 2025, Black Excellence in Tech CIC delivered a strong programme of community-focused activities designed to celebrate, empower, and support Black professionals and aspiring technologists within the UK technology sector. During this financial year, the organisation held several key events that promoted inclusion, representation, and professional development in tech. The inaugural event, held in partnership with HelloFresh in June 2024, brought together approximately 80 attendees, including HelloFresh staff and external community members. The theme, “I Am Enough,” centred on confidence, authenticity, and belonging in technology careers. The event featured a panel of senior leaders in tech and talent, including a Deputy Director from the United Nations, who shared insights on leadership, diversity, and personal growth. The day included networking opportunities and a rich panel discussion, generating extremely positive feedback from participants for its impact and relevance. In October 2024, Black Excellence in Tech CIC partnered with the University of Birmingham to host an event celebrating Black History Month under the theme “The Power of Narrative.” This event brought together members of the university’s technology staff and students to discuss the importance of storytelling, representation, and visibility within the technology industry. The discussion helped attendees reflect on their professional journeys and inspired continued advocacy for diversity and inclusion in tech workplaces. Feedback again was highly positive, with participants valuing the platform’s openness and sense of community. Through these activities, the CIC has benefited the community by creating spaces for underrepresented professionals to connect with peers, share experiences, and access mentorship. It has also raised awareness within major organisations and educational institutions about the barriers faced by Black professionals in technology and the practical strategies to overcome them. These efforts contribute to building a more inclusive, confident, and empowered Black tech community across the UK.

Consultation with stakeholders

The primary stakeholders of Black Excellence in Tech CIC include Black professionals and students pursuing or working in the technology sector, Corporate partners such as HelloFresh, and educational institutions such as the University of Birmingham, Community organisations and networks promoting diversity and inclusion in tech Event participants, including speakers, panelists, and attendees Volunteers and supporters who contribute to event planning and outreach. Stakeholders have been consulted primarily through event feedback forms, post-event surveys, and informal conversations during networking sessions. These channels allowed participants and partners to share their experiences, suggestions, and ideas for future programming. Feedback was also gathered through discussions with partner organisations to evaluate the impact of events and explore opportunities for collaboration. In response to the feedback received, the company has placed greater emphasis on networking opportunities at events, allowing attendees more time to build meaningful professional connections. The company has worked to include an even wider range of panelists and speakers representing diverse career paths, including international voices such as those from within the University of Birmingham. The company has begun planning skill-focused workshops and mentorship initiatives for the coming year to meet requests for more practical, developmental sessions. Strengthened relationships with partner organisations to ensure that events continue to reflect community needs and provide tangible career value. Through this ongoing engagement and responsiveness, Black Excellence in Tech CIC continues to build a supportive and inclusive environment that empowers its stakeholders while advancing representation and equity in the technology sector.

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
16 April 2026

And signed on behalf of the board by:
Name: Olubunmi Alade
Status: Director