MOTIVEZCIC C.I.C.
MOTIVEZCIC C.I.C.
MOTIVEZCIC C.I.C.
Company limited by guarantee
Company Registration Number:
12864629 (England and Wales)
Unaudited statutory accounts for the year ended 30 September 2021
Period of accounts
Start date: 8 September 2020
End date: 30 September 2021
MOTIVEZCIC C.I.C.
Contents of the Financial Statements
for the Period Ended 30 September 2021
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
MOTIVEZCIC C.I.C.
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 September 2021
Directors
The directors shown below have held office during the period of
16 October 2020 to 30 September 2021
The director shown below has held office during the whole of the period from
8 September 2020 to 30 September 2021
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
And signed on behalf of the board by:
Name:
Status: Director
MOTIVEZCIC C.I.C.
Balance sheet
As at
Notes | 13 months to 30 September 2021 | ||
---|---|---|---|
| £ | ||
Current assets | |||
Cash at bank and in hand: | | ||
Total current assets: | | ||
Creditors: amounts falling due within one year: | 3 | ( | |
Net current assets (liabilities): | | ||
Total assets less current liabilities: | | ||
Accruals and deferred income: | ( | ||
Total net assets (liabilities): | | ||
Members' funds | |||
Profit and loss account: | | ||
Total members' funds: | |
The notes form part of these financial statements
MOTIVEZCIC C.I.C.
Balance sheet statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
MOTIVEZCIC C.I.C.
Notes to the Financial Statements
for the Period Ended 30 September 2021
-
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
Turnover is measured at fair value of consideration received or receivable, excluding discount, rebates, value added tax and other sales tax.
MOTIVEZCIC C.I.C.
Notes to the Financial Statements
for the Period Ended 30 September 2021
-
2. Employees
13 months to 30 September 2021 Average number of employees during the period 0
MOTIVEZCIC C.I.C.
Notes to the Financial Statements
for the Period Ended 30 September 2021
3. Creditors: amounts falling due within one year note
13 months to 30 September 2021 | ||
---|---|---|
£ | ||
Taxation and social security | | |
Other creditors | | |
Total | |
COMMUNITY INTEREST ANNUAL REPORT
MOTIVEZCIC C.I.C.
Company Number: 12864629 (England and Wales)
Year Ending: 30 September 2021
Motivez delivered more than 8 employability and enterprise programmes for young people. The outcomes measured in each of these programmes testify to the strong effectiveness of this work. The impact for the more than 1500 beneficiaries include:- 100% of students not being excluded from school- 92% feel more confident in the job application process- 88% noted increased soft skills, social capital, leadership skills to become change-makers in STEM- 85% of participants are in entry-level employment or higher study post-programme- 84% feel more confident in starting a tech-enabled side-hustle- 79% have knowledge of the skills and careers required across sectors in STEM- 70% plan to pursue a career in STEMExternal recognition of the successful impact of proposed activities includes:- Motivez co-founder George Imafidon being awarded the 2019 Diana Award for improving the lives of young people- George being appointed to the Hamilton Commission to get more diverse talent into STEM and motorsport- Commendation from HM The Queen- Recognition as one of 70 of the most impactful community organisations in the UK by The National Lottery’s Platinum Jubilee Fund- Featuring in the Royal Academy of Engineering’s, This Is Engineering campaignMotivez continues to evolve using the impact of learnings from other organisations to ensure maximum effectiveness of our work. To obtain the most robust research evidence, the Motivez team holds quarterly reviews on internal and external trends, utilising findings from organisations such as Youth Futures Foundation, the Joseph Rowntree Foundation, and the Institute for Employment Studies. These reports conclude that:- One of the most effective methods of helping young people to gain employment is “effective engagement with, and prompt attachment to, employment support programmes”. - An essential method to counteract youth unemployment is provision of “services that support young people as they move into the labour market” that are “coordinated at a local level.”- Increased confidence towards the application process increases job application activity, supporting “progression towards EET destinations”- Increased confidence was a major contributor to a 13 percentage point move away from NEET activityAs a direct result of the skills and confidence gained from our programmes, beneficiaries have secured full-time employment or internships. This testifies to the efficacy of our programmes, shown by these case studies:Case Study 1: Adedoyin secured a place to study Engineering at Warwick University and received 7 internship offers from Bloomberg, Deutsche Bank, Macquarie, National Grid, Amazon, Royal Bank of Canada and GSK. These roles were across Global Data, Tech & Innovation, Capital Markets, Energy and Pharmaceuticals She commends the ‘Summers Not Cancelled’ and ‘Application Season’ programmes for contributing to this success.Case Study 2: Gabriel lacked confidence and knowledge surrounding assessment centres. He tackled this through taking part in our programmes and as a result, he successfully secured a graduate role at Unilever.Case Study 3: Ezra utilised the teachings from our “Art of Leverage” workshop to recognise unconventional opportunities. As a result, he successfully secured an internship at JP Morgan.
The company’s key stakeholders are young people aged 14 – 25, trust and foundations, employers, facilitators and mentors for Motivez. The directors of the company have lived experience of deprivation and overcoming multiple socio-economic barriers to secure employment from global corporations such as Google, Rolls-Royce, Blackrock, JP Morgan and Balfour Beatty who are all clients and potential partners. This has enabled the development of the business model and programmes based on their experience of talking to the local communities in Southwark and Lambeth and employers and the Youth Advisory Panel (YAP) to understand their needs.We ask everyone on our programmes to fill in a short questionnaire about their prospects, academical level, confidence with respect to STEM-related skills and securing employment at the beginning, middle and end. This has helped us to build up a profile of our service users needs and what we can do to serve them more effectively. Our research has enabled us to identify that Black, Asian and minority ethnic groups are underrepresented within STEM (i.e. less than 1% Black people in motorsport). We encourage those at the end of session to provide testimonials and suggestions of activities which they would like to see on programmes.
The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £30,000.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
8 June 2022
And signed on behalf of the board by:
Name: Mr Muizz Oladele Almaroof
Status: Director