BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Company limited by guarantee
Company Registration Number:
08584240 (England and Wales)
Unaudited statutory accounts for the year ended 31 October 2023
Period of accounts
Start date: 1 November 2022
End date: 31 October 2023
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Contents of the Financial Statements
for the Period Ended 31 October 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 October 2023
Directors
The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023
The directors shown below have held office during the period of
27 March 2023 to 31 October 2023
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
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Profit And Loss Account
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Tax: | ( | |
Profit(or loss) for the financial year: | | |
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Balance sheet
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Balance sheet statements
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
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Notes to the Financial Statements
for the Period Ended 31 October 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
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Notes to the Financial Statements
for the Period Ended 31 October 2023
-
2. Employees
2023 2022 Average number of employees during the period 19 17
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Notes to the Financial Statements
for the Period Ended 31 October 2023
3. Tangible assets
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 November 2022 | | | | | ||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 October 2023 | | | | | ||
Depreciation | ||||||
At 1 November 2022 | | | | | ||
Charge for year | | | | | ||
On disposals | ||||||
Other adjustments | ||||||
At 31 October 2023 | | | | | ||
Net book value | ||||||
At 31 October 2023 | | | | | ||
At 31 October 2022 | | | | |
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Notes to the Financial Statements
for the Period Ended 31 October 2023
4. Debtors
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Total | | |
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Notes to the Financial Statements
for the Period Ended 31 October 2023
5. Creditors: amounts falling due within one year note
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
COMMUNITY INTEREST ANNUAL REPORT
BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.
Company Number: 08584240 (England and Wales)
Year Ending: 31 October 2023
In 2022-23, we engaged 6052 young people through external outreach activities in Bristol. This included hosting networking events; holding stalls at community events; and presenting at school assembly sessions. Out of the total figures engaged, 365 young people registered their interest to access support from Babbasa, and were directly supported through the Babbasa core programmes.The support offered to young people through the core programme include 1:1 coaching, skills workshop, access to mentors and networking events. Through the support offered:40 moved into Enterprise29 moved into Education or Training194 accessed Work Opportunities (work experience and paid employment)365 became Economically ActiveIn 2022-23, Babbasa was also awarded the Civic Award for its contribution to Bristol’s marginalised communities. Further information about Babbasa’s impact can be found here: https://babbasa.com/whats-on/home/research-reports/
The Company’s key stakeholders are young people (including those who have participated in our programmes who we call ‘Trailblazers’ and those who may need or benefit from our work); community voluntary sector and education partners, local employers and infrastructure organisations such as Bristol City Council, the West of England Combined Authority, and business professional bodies or networks. November 2022 saw the public launch of the OurCity2030 initiative, a systems change initiative powered by Babbasa and the One City Office, which specifically aims to support 2030 young people from low income households, starting from inner city Bristol, to secure a median salary role by 2030.In 2023 we were joined on this journey by Core Partners Arup, Business West, University of Bristol and UWE Bristol, and Strategic Partners Black South West Network, Bristol and Bath Regional Capital, and Cabot Learning Federation. The following were achieved as part of the OurCity2030 commitment with our stakeholders:Developed a draft OurCity2030 Implementation plan and case for support for investmentAgreed a position with all the identified/interested OurCity2030 core partners to finalise the first ever social mobility collaboration agreement for the city of Bristol to be signed in 2024Engaged direct delivery capacity (3pp) to oversee and implement the 5 key deliverablesRan two editions of the OurCity2030 Youth and Educators' Practitioners' Forum, which engaged over 100 youth, community and education practitioners by sharing challenges and solutions, and building supportive relationships and collaborations, including referrals for young people onto OurCity2030 support and progression programmes. Ran two editions of the OurCity2030 Employers’ Forums, which engaged over 180 professionals in enhancing EDI practices and supporting underrepresented young people through career-orientated work opportunitiesYouth practitioners and education institution feedback - 80% rated the forum useful; 92% gained useful information to support with EDI practices; and 93% cited the Forum to help foster connections for collaborative workingEmployers feedback - 100% rated the Forum useful; 100% gained useful information to support with (EDI) practices; 100% cited helping to foster connections for collaborative working; 95% cited the Forum supporting ways to enhance access to diverse young talentForged working relations partnerships with the West of England Combined Authority, CLF, Our Media, KPMG, Bristol Youth Alliance and Post 16 Association to host 4x inclusion forum events across the yearEngaged 12 expert speakers and registered 190 organisations as forum members/attendees i.e employers, education institutions and youth agenciesDeveloped an early theory of change and logic model for OurCity2030 as part of the Implementation Plan and socialised the OurCity2030 Socioeconomic analysis reportWorked with ARUP to secure internal pro bono support to develop the next iteration of the OurCity2030 Socioeconomic analysis report; an evidence-based OurCity2030 theory of change and associated monitoring frameworkDelivered Pathways programme pilot - In collaboration with Bristol Creative Industries (BCI). OC2030 delivered under the Creative & Tech pathway - where 14 young people were supported into paid workBrokered 6x other industry pathway agreements for 2024, They include Built Environment, Health & Social Care, Enterprise, and Arts & Culture (Totalling 120 career-oriented opportunities.) In discussions with the following industry pathways: Retails & Hospitality, Professional Services, Green & Sustainability
During the year, these three directors received remuneration totalling £58,888 for their following roles:Mr P P Osei, as the Chief Executive Officer 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
23 April 2024
And signed on behalf of the board by:
Name: Simon Quinn
Status: Director