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 31 October 2023

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

GOMO, Gloria
JACOBS, Paul
OSEI, Pipim Poku
TILBURY, Carmen
YOUNG, Hannah Margaret, Dr
QUINN, Simon Noel


The directors shown below have held office during the period of
27 March 2023 to 31 October 2023

EMENIKE, Alexander
GIRALDO, Claire
KAUR NIJAR, Gurminder
MORRISON, Sanyalax
O'TOOLE, Jonathan James
SANKARAN, Abhinaya


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
23 April 2024

And signed on behalf of the board by:
Name: QUINN, Simon Noel
Status: Director

BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 912,622 553,100
Cost of sales: ( 589,220 ) ( 293,486 )
Gross profit(or loss): 323,402 259,614
Administrative expenses: ( 211,315 ) ( 242,141 )
Operating profit(or loss): 112,087 17,473
Profit(or loss) before tax: 112,087 17,473
Tax: ( 926 )
Profit(or loss) for the financial year: 112,087 16,547

BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 16,984 12,722
Total fixed assets: 16,984 12,722
Current assets
Debtors: 4 73,640 36,229
Cash at bank and in hand: 256,643 192,365
Total current assets: 330,283 228,594
Creditors: amounts falling due within one year: 5 ( 149,393 ) ( 155,530 )
Net current assets (liabilities): 180,890 73,064
Total assets less current liabilities: 197,874 85,786
Total net assets (liabilities): 197,874 85,786
Members' funds
Profit and loss account: 197,874 85,786
Total members' funds: 197,874 85,786

The notes form part of these financial statements

BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.

Balance sheet statements

For the year ending 31 October 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 April 2024
and signed on behalf of the board by:

Name: QUINN, Simon Noel
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 14,719 6,204 6,604 27,527
Additions 12,210 12,210
Disposals
Revaluations
Transfers
At 31 October 2023 14,719 6,204 18,814 39,737
Depreciation
At 1 November 2022 8,519 3,704 2,582 14,805
Charge for year 2,944 1,241 3,763 7,948
On disposals
Other adjustments
At 31 October 2023 11,463 4,945 6,345 22,753
Net book value
At 31 October 2023 3,256 1,259 12,469 16,984
At 31 October 2022 6,200 2,500 4,022 12,722

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 73,640 36,229
Total 73,640 36,229

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 32,531 43,302
Taxation and social security 13,434 20,653
Accruals and deferred income 90,333 89,929
Other creditors 13,095 1,646
Total 149,393 155,530

COMMUNITY INTEREST ANNUAL REPORT

BABBASA YOUTH EMPOWERMENT PROJECTS C.I.C.

Company Number: 08584240 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

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/

Consultation with stakeholders

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

Directors' remuneration

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.

Transfer of assets

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