POWERBASE COMMUNITY C.I.C.

POWERBASE COMMUNITY C.I.C.

POWERBASE COMMUNITY C.I.C. - Company Information

Print Friendly Version

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 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

POWERBASE COMMUNITY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

POWERBASE COMMUNITY C.I.C.

Balance sheet

As at 31 March 2023

Notes 2023 2022


£
£
Current assets
Debtors: 3 1,285 2,745
Cash at bank and in hand: 1,780 8,122
Total current assets: 3,065 10,867
Creditors: amounts falling due within one year: 4 ( 1,325 ) ( 8,382 )
Net current assets (liabilities): 1,740 2,485
Total assets less current liabilities: 1,740 2,485
Total net assets (liabilities): 1,740 2,485
Members' funds
Profit and loss account: 1,740 2,485
Total members' funds: 1,740 2,485

The notes form part of these financial statements

POWERBASE COMMUNITY C.I.C.

Balance sheet statements

For the year ending 31 March 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.

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 25 May 2024
and signed on behalf of the board by:

Name: Oluwadamilola Balogun
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 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

POWERBASE COMMUNITY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    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 2023

3. Debtors

2023 2022
£ £
Trade debtors 1,285 2,745
Total 1,285 2,745

POWERBASE COMMUNITY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 1,000 2,000
Trade creditors 325 4,918
Taxation and social security 1,197
Accruals and deferred income 267
Total 1,325 8,382

COMMUNITY INTEREST ANNUAL REPORT

POWERBASE COMMUNITY C.I.C.

Company Number: 12534246 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

The activities of the Powerbase community CIC can be presented as follows:EdTech through the deployment of the Naka Tech Academy initiative which is an endeavour to train young people from under-represented backgrounds in the areas of cyber security, digital marketing, software engineering and money on the block chain. Where possible, students were provided with laptops and phones to support their development. A number of leadership training and capacity building activities were conducted through the year including through the launch of the Young Genius programme, where students were taught in areas around financial literacy, leadership, business, politics and so on. Students were taken on a year long programme in addition to school. We saw improvements in grades as one of the students who formerly was unable to qualify for college was able to gain admission to Kingston College to study in IT. Students were able to give back to the community including a suicide awareness programme conducted by a 14 year old in south London who’s friend committed suicide during the year with the Powerbase and so was able to raise awareness to help other young ladies with cyberbullying and depression. Students from disadvantaged backgrounds were taken on trips and tours to expose them to opportunities that they would otherwise not be able to achieve

Consultation with stakeholders

No consultation with stakeholders

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
25 May 2024

And signed on behalf of the board by:
Name: Oluwadamilola Balogun
Status: Director