THE GOODWORK GROUP CIC

THE GOODWORK GROUP CIC

THE GOODWORK GROUP CIC - Company Information

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THE GOODWORK GROUP CIC

Company limited by guarantee

Company Registration Number:
14069773 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 26 April 2022

End date: 30 April 2023

THE GOODWORK GROUP CIC

Contents of the Financial Statements

for the Period Ended 30 April 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE GOODWORK GROUP CIC

Profit And Loss Account

for the Period Ended 30 April 2023

2023


£
Turnover: 25,419
Cost of sales: ( 8,429 )
Gross profit(or loss): 16,990
Administrative expenses: ( 16,990 )
Operating profit(or loss): 0
Profit(or loss) before tax: 0
Profit(or loss) for the financial year: 0

THE GOODWORK GROUP CIC

Balance sheet

As at 30 April 2023

Notes 2023


£
Current assets
Cash at bank and in hand: 10,994
Total current assets: 10,994
Creditors: amounts falling due within one year: 3 ( 10,994 )
Net current assets (liabilities): 0
Total assets less current liabilities: 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

THE GOODWORK GROUP CIC

Balance sheet statements

For the year ending 30 April 2023 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 24 July 2023
and signed on behalf of the board by:

Name: Felicity Halstead
Status: Director

The notes form part of these financial statements

THE GOODWORK GROUP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 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

THE GOODWORK GROUP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023
    Average number of employees during the period 1

THE GOODWORK GROUP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Creditors: amounts falling due within one year note

2023
£
Taxation and social security 166
Accruals and deferred income 2,944
Other creditors 7,884
Total 10,994

Amounts noted as 'Other creditors' are Director's Loan Accounts.

COMMUNITY INTEREST ANNUAL REPORT

THE GOODWORK GROUP CIC

Company Number: 14069773 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

The GoodWork Group CIC (or “GoodWork”) runs an employability programme and provides access to opportunities for young adults, aged 18-25. GoodWork specifically supports those from low-income backgrounds who have struggled to access work due to a lack of connections, few or lower qualifications and systemic discrimination. In January 2023, GoodWork launched its first programme with eight young people, offering access to work, coaching, training and mental health support, tailored to their needs. The programme is ongoing, however, young people report increased confidence, improved soft skills, and better awareness of their options for the future, as well as some having secured paid work in roles they otherwise would not have accessed.

Consultation with stakeholders

GoodWork’s stakeholders are young adults, aged 18-25, based in London and the surrounding areas. In our first cohort, 89% of applicants were from ethnic minority groups, 20% had a disability or long-term health conditions, 57% were eligible for Free School Meals, and 73% went to schools in areas of high deprivation. We are committed to ensuring that the young people we work with are engaged in the development of our programmes. As well as frequently gathering feedback on our programme, in April we had an external consultant facilitate a session with our young people to gather their feedback on our work overall and their suggestions for how GoodWork can reach and support more young people like them.

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
24 July 2023

And signed on behalf of the board by:
Name: Felicity Halstead
Status: Director