FORESIGHT INITIATIVE CIC

Company limited by guarantee

Company Registration Number:
15945589 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2025

Period of accounts

Start date: 9 September 2024

End date: 30 September 2025

FORESIGHT INITIATIVE CIC

Contents of the Financial Statements

for the Period Ended 30 September 2025

Profit and loss
Balance sheet
Additional notes
Community Interest Report

FORESIGHT INITIATIVE CIC

Profit And Loss Account

for the Period Ended 30 September 2025

13 months to 30 September 2025


£
Turnover: 4,530
Gross profit(or loss): 4,530
Distribution costs: 0
Administrative expenses: ( 4,526 )
Other operating income: 4,526
Operating profit(or loss): 4,530
Profit(or loss) before tax: 4,530
Profit(or loss) for the financial year: 4,530

FORESIGHT INITIATIVE CIC

Balance sheet

As at 30 September 2025

Notes 13 months to 30 September 2025


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 4
Total current assets: 4
Prepayments and accrued income: 0
Net current assets (liabilities): 4
Total assets less current liabilities: 4
Total net assets (liabilities): 4
Members' funds
Profit and loss account: 4
Total members' funds: 4

The notes form part of these financial statements

FORESIGHT INITIATIVE CIC

Balance sheet statements

For the year ending 30 September 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 14 May 2026
and signed on behalf of the board by:

Name: BABATOPE EMMANUEL AGUNTASOLO
Status: Director

The notes form part of these financial statements

FORESIGHT INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 30 September 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

    Our turnover is recognized at the point when goods are delivered or services are completed, and the company has the right to receive payment. Revenue is recorded in the accounts excluding VAT and any other applicable sales taxes. Discounts, returns, and allowances are deducted from gross sales to arrive at net turnover. This approach ensures that income is accurately reflected in the financial statements in accordance with standard accounting principles.

    Intangible fixed assets amortisation policy

    Our organization amortizes intangible assets, such as software or patents, on a straight-line basis over their estimated useful life. This means we spread the cost of the asset evenly over the number of years we expect to benefit from it. For example, if an asset has an estimated useful life of 5 years, we will expense 1/5 of its cost each year. Amortisation begins when the asset is ready for use and continues until the asset's value has been fully allocated or the asset is no longer in use.

    Valuation information and policy

    Our organization's valuation information for assets and liabilities is based on reliable and relevant data, including independent valuations where applicable. Assets are initially recorded at cost, and any subsequent valuations or revaluations are conducted in accordance with applicable accounting standards. When assets are revalued, the updated figures are reflected in the financial statements, ensuring that the reported values provide a true and fair view of the organization's financial position

FORESIGHT INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

  • 2. Employees

    13 months to 30 September 2025
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

FORESIGHT INITIATIVE CIC

Company Number: 15945589 (England and Wales)

Year Ending: 30 September 2025

Company activities and impact

The company, during the year under review, delivered a variety of community programmes focused on education, personal development, and cultural enrichment. These included a business breakfast seminar, a three-day youth personal development seminar for ages 12–18, and activities teaching youth to play musical instruments. The organisation also provided direct support to members and created opportunities for community involvement through volunteering, promoting inclusivity and participation. The CIC invested in digital infrastructure by developing its website and purchasing a computer to enhance access to information and resources. Meals and refreshments were provided during programmes to foster a welcoming environment. In addition, the organisation offered seminars on being responsible and morally upright, legal immigration in the UK, effective parenting, safeguarding, and how to start and grow a sustainable business. These activities aimed to empower individuals with vital skills and knowledge. It is noteworthy that no director received any remuneration, reflecting the organisation’s commitment to serving the community selflessly. Overall, these activities provided significant educational, cultural, and social benefits, strengthening community bonds and supporting individual development.

Consultation with stakeholders

No consultation with stakeholders

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
14 May 2026

And signed on behalf of the board by:
Name: BABATOPE EMMANUEL AGUNTASOLO
Status: Director