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# PASSION 2030 CIC

## Company limited by guarantee

## Company Registration Number:
15931418 (England and Wales)

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

## Period of accounts

## Start date: 3 September 2024

## End date: 30 September 2025

# PASSION 2030 CIC

## Contents of the Financial Statements

for the Period Ended 30 September 2025

Directors report |
Balance sheet |
Additional notes |
Community Interest Report |

# PASSION 2030 CIC

Directors' report period ended 30 September 2025

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

Principal activities of the company

The principal activity of the company during the period was the development and assessment of community-interest initiatives intended to support cultural, educational, professional, and relationship-building engagement between communities and institutions in the United Kingdom and Saudi Arabia. During the period, the company undertook early-stage outreach, stakeholder engagement, networking, consultation, and research activities. This included participation in relevant professional and industry events, discussions with prospective volunteers and stakeholders, and exploratory engagement with individuals and organisations connected with UK-Saudi cooperation and community development. The company did not commence trading or other nature of financial activities during the period. For further clarity, there was no political or charitable donation in cash or in kind at all. All logistic or stationary expenses were paid from my own resources.

Political and charitable donations

There was no political or charitable donation in cash or in kind, at all.

Directors

The director shown below has held office during the whole of the period from
3 September 2024 to 30 September 2025

Mutlu Sancaktutar

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
2 June 2026

And signed on behalf of the board by:
Name: Mutlu Sancaktutar
Status: Director

# PASSION 2030 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: |  | 0 |
Investments: |  | 0 |
Total current assets: |  | 0
Prepayments and accrued income: |  | 0 |
Creditors: amounts falling due within one year: |  | 0 |
Net current assets (liabilities): |  | 0
Total assets less current liabilities: |  | 0
Creditors: amounts falling due after more than one year: |  | 0 |
Provision for liabilities: |  | 0 |
Accruals and deferred income: |  | 0 |
Total net assets (liabilities): |  | 0
Members' funds
Profit and loss account: |  | 0 |
Total members' funds: |  | 0

The notes form part of these financial statements

# PASSION 2030 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 June 2026
and signed on behalf of the board by:

Name: Mutlu Sancaktutar
Status: Director

The notes form part of these financial statements

# PASSION 2030 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

# PASSION 2030 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

### PASSION 2030 CIC

### Company Number: 15931418 (England and Wales)

### Year Ending: 30 September 2025

Company activities and impact

During the financial year, the company undertook early-stage exploratory and community-oriented activities aligned with its social objectives. These activities were carried out primarily on a voluntary basis by the director and included community engagement, relationship-building efforts, meetings, outreach activities, and exploratory initiatives intended to support future international cultural and social collaboration projects. The company did not trade during the financial year and did not generate income. No bank account was opened for the company and no financial transactions were carried out through the company during this period. Some activities connected with the company’s objectives were pursued personally and voluntarily by the director using personal resources. Due to limited external engagement and the absence of meaningful institutional engagement from the relevant Saudi authorities for the intended initiatives, the company did not progress into operational delivery during this financial year. Nevertheless, the period contributed to the development and assessment of potential future community-interest activities and partnerships consistent with the company’s stated social aims. At this point, I as the founder have decided to put the initiative on hold, submit the initial statutory filings required by British law, then declare the CIC as dormant, and later on in the future consider resuming the initiative only if a better readiness and interest is received from Saudi Government representation.

Consultation with stakeholders

The company engaged with a range of prospective stakeholders during the financial year, including volunteers, professionals, community members, academics, and individuals with experience in UK-Saudi cultural, professional/business and institutional relations. Interest in the initiative was initially significant. Several hundred expressions of interest and volunteer applications were received through outreach and networking activities connected with the company’s proposed social aims. Discussions and consultations helped assess the practical viability of the initiative, including the level of institutional engagement, cultural considerations, and the challenges associated with developing independent cross-community and international collaboration projects within the intended context. Feedback from both Saudi and British stakeholders was consistently very positive and highly appreciative and supportive of the project’s social objectives and symmetric and mutual value to both British and Saudi citizens, institutions and communities. In terms of the methodology, stakeholder feedback was particularly appreciative of the spirit of symmetric total transparency to both Saudi and British institutions and stakeholders. The British Government institutions contacted throughout the process in a symmetric full transparency responded either quite promptly or in reasonably good timing, assisted at least with meaningful signposting and advise. Furthermore, a representative from British mission in Riad expressly offered openness to help Passion 2030 whenever we needed. However, the consultations in both Saudi and British sides also highlighted significant practical and structural barriers affecting the likelihood of sustainable operational progress during the period, mainly in relation to practical readiness of Saudi Government institutions to welcome and cooperate with non-profit initiatives in an international context. This was consistent with the Saudi Government's extremely prolonged delays in acknowledging or responding to formal correspondences, even despite direct conversation with the Saudi Ambassador to the United Kingdom on an occasion in a public venue. Practical meaning of this was that only 1 of the 2 government stakeholders, both being equally and symmetrically crucial and indispensable for Passion 2030, appeared truly welcoming and supportive for the cause. All these initiatives were carried with transparency to the volunteers who provisionally committed interest to participate and contribute to Passion2030 projects. So, as the participants / provisional volunteers observed the extremely prolonged delays from Saudi Government representation, they gradually lost motivation to support Passion 2030, and I as the founder have gradually lost my courage to push Passion2030 cause any further in any near future. As a result, I as the director, in consultation with stakeholders as well, adopted a cautious and limited operational approach and did not progress into active financial transactions or funded programme delivery during the financial year. This does not actually mean I have decided to totally give up my efforts in Passion2030, but I have rather decided to put the initiative on hold, submit the initial statutory filings required by British law, then declare Passion2030 CIC as dormant, and later on in the future consider resuming the initiative only if a better readiness and interest is received from Saudi Government representation.

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
2 June 2026

And signed on behalf of the board by:
Name: Mutlu Sancaktutar
Status: Director