POWERBASE COMMUNITY C.I.C.


POWERBASE COMMUNITY C.I.C.

Company limited by guarantee

Company Registration Number:
12534246 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2022

Period of accounts

Start date: 1 April 2021

End date: 31 March 2022

POWERBASE COMMUNITY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

POWERBASE COMMUNITY C.I.C.

Balance sheet

As at 31 March 2022

Notes 2022 2021


£

£
Current assets
Debtors: 3 2,745 85
Cash at bank and in hand: 8,122 22,857
Total current assets: 10,867 22,942
Creditors: amounts falling due within one year: 4 ( 8,382 ) ( 4,359 )
Net current assets (liabilities): 2,485 18,583
Total assets less current liabilities: 2,485 18,583
Total net assets (liabilities): 2,485 18,583
Members' funds
Profit and loss account: 2,485 18,583
Total members' funds: 2,485 18,583

The notes form part of these financial statements

POWERBASE COMMUNITY C.I.C.

Balance sheet statements

For the year ending 31 March 2022 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 20 April 2023
and signed on behalf of the board by:

Name: T. Kukoyi
Status: Director

The notes form part of these financial statements

POWERBASE COMMUNITY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 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

POWERBASE COMMUNITY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

POWERBASE COMMUNITY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Debtors

2022 2021
£ £
Trade debtors 2,745 85
Total 2,745 85

POWERBASE COMMUNITY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 2,000
Trade creditors 4,918
Taxation and social security 1,197 4,359
Accruals and deferred income 267
Total 8,382 4,359

COMMUNITY INTEREST ANNUAL REPORT

POWERBASE COMMUNITY C.I.C.

Company Number: 12534246 (England and Wales)

Year Ending: 31 March 2022

Company activities and impact

Powerbase Community C.I.C. was founded in 2017. We started as a community groupworking to empower young people from a deprived background in London with the skills andtools to start businesses and give back to their community.Today, we are a registered social enterprise with a network of over thirty volunteers globally,two main initiatives (Naka Tech Academy and PowerQueens) which span across the UK andAfrica with hundreds of lives impacted. Our philosophy is centred around reaching themarginalised for inclusive integrated development for all. The mission is simple: to createsustainable solutions for global poverty through economic empowerment.We have a fluid approach by creating and funding social good initiatives to combat differentproblems that involve young people with a particular focus on education, employment andentrepreneurial opportunities.Naka Teach Academy: Our students are 13-24 year olds from disadvantaged soci-economicbackgrounds. They come from the UK, Malawi, Zambia, Nigeria, Uganda, Ghana andMorocco. We operate weekly online co-learning sessions via Zoom with professionalprogrammers who teach our tailored curriculum which covers cyber security, softwareengineering and digital marketing.We provide our students with all the equipment they need to learn which includes laptops, Wi-Fi routers, data bundles, learning materials and subscriptions to coding platforms. We alsowork with each student and provide pastoral care, CV support, career workshops, interviewtraining and job application support.PowerQueens: Focuses on empowering marginalised women in Africa by reducing thebarriers to education, employment and entrepreneurial opportunities. We work with grassrootspartners and ambassadors to create solutions and advocate against the barriers that stopwomen from achieving their potential and lifting themselves out of poverty.We sponsor 100 girls in the rural parts of Lusaka and Kabwe to be in education by providingsanitary pads as menstruation can become a barrier to education which according to UNICEFforces 1 in 10 girls in Africa to miss school or drop out completely.

Consultation with stakeholders

Powerbase Community C.I.C’s stakeholders are professionals and entrepreneurs who arepassionate about effecting change within their local communities. The directors also have firsthand experience with some of the problems they work together to solve which continuouslystokes the drive to see change come to fruition.Feedback is regularly requested from students and parents by way of filling out questionnairesand creating a culture of ‘sharing testimonies’ of wins and requests for assistance. This hashelped us to build up a profile of student testimonials as well as identifying needs and what wecan do to meet them more effectively. We encourage those who teach and offer pastoral careto pick up further needs and ideas for the social enterprise when engaging with the students.

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
6 April 2023

And signed on behalf of the board by:
Name: T. Kukoyi
Status: Director