SOCIAL TELECOMS C.I.C.

Company Registration Number:
07954912 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

SOCIAL TELECOMS C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SOCIAL TELECOMS C.I.C.

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

The principal activity of the company in the period under review was:Supply of IT and Telecoms Equipment and Services.

Political and charitable donations

No charitable donations were made during the year. No contributions to political organisations were made during the year.

Company policy on disabled employees

It is the company’s policy to give employment to disabled persons wherever practicable.



Directors

The director shown below has held office during the whole of the period from
1 March 2022 to 28 February 2023

John Clarke


The director shown below has held office during the period of
7 July 2022 to 28 February 2023

Robert Lee


Secretary Robert Lee

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
31 July 2023

And signed on behalf of the board by:
Name: Robert Lee
Status: Secretary

SOCIAL TELECOMS C.I.C.

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Current assets
Stocks:   0 0
Debtors: 3 645,487 881,926
Cash at bank and in hand: 205,483 38,962
Total current assets: 850,970 920,888
Creditors: amounts falling due within one year: 4 ( 493,329 ) ( 618,356 )
Net current assets (liabilities): 357,641 302,532
Total assets less current liabilities: 357,641 302,532
Creditors: amounts falling due after more than one year: 5 ( 221,762 ) ( 181,267 )
Total net assets (liabilities): 135,879 121,265
Capital and reserves
Called up share capital: 1 1
Other reserves: 658 658
Profit and loss account: 135,220 120,606
Total Shareholders' funds: 135,879 121,265

The notes form part of these financial statements

SOCIAL TELECOMS C.I.C.

Balance sheet statements

For the year ending 28 February 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 22 October 2023
and signed on behalf of the board by:

Name: Robert Lee
Status: Director

The notes form part of these financial statements

SOCIAL TELECOMS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 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

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided in order to write off each asset over its estimated useful life or 10 years whichever is the shorter.

    Valuation information and policy

    Stocks and works-in-progress are valued at the lower of cost and net realisable value. There were no works in progress at end of the period

    Other accounting policies

    Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.Rentals paid under operating leases are charged to the profit and loss account over the period of the lease.

SOCIAL TELECOMS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 15 15

SOCIAL TELECOMS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Debtors

2023 2022
£ £
Trade debtors 645,487 881,926
Total 645,487 881,926

SOCIAL TELECOMS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 382,328 509,722
Taxation and social security 111,001 108,634
Total 493,329 618,356

SOCIAL TELECOMS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 32,420 42,500
Other creditors 189,342 138,767
Total 221,762 181,267

COMMUNITY INTEREST ANNUAL REPORT

SOCIAL TELECOMS C.I.C.

Company Number: 07954912 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

IntroductionDuring this year we completed a number of community WiFi contracts in Scotland seeing an overall drop in turnover to £3.2m against last year’s £3.7m. WiFi contract awards continued to strengthen as did hosted telephony and mobile sales, so we expect to see the turnover recover in year-end 2024. We are very grateful for the support of all our partners in all of the three nations. The community hubs have continued to operate with a new hub opening in Stafford in 2023, they remain an important part of our work in supporting a number of other small organisations.Number of Visits to the Community Hubs - 356Adult skills courses completed - 24Customers engaged with BBO, LP and MAS - 703Customers supported into jobs or secure/improved jobs - 27Value of money savings secured for customers by MAS £801,436.21While still providing a vital service for a number of people Wifi usage on the Meole Dens has fallen back this year running at an average of 110 clients per month. Data consumption rose slightly to 170GB per month on mostly android phones and tablets with some Windows laptops. Supported IT, Comms and hosted telephony costs for Meole and Castlefield’s hubs this year are £3569.52.We continue to support support national and local organisations with with free IT advice and discounted communications services IT and communications services.Shrewsbury Social Value ContributionsMake Space Arts £241.80Shropshire Youth Association £587.68Trained and paid for accommodation for a discharged soldier to bring him into the workplace £5000.00. Supported Shawbury United girls football teams Under 8, Under 9 and Under 12 with socks, shorts and shirts. £314.60Total Shrewsbury: £9713.60National Social Value ContributionsJohnny Johnson Housing Trust Ltd /AstralineCall centre support project £34,324.824 Front Project London4G SIMS to run network £1294.89Colindale Communities Trust - LondonRental and maintenance costs for WiFi, Broadband and voice installation contributions £624.00Social Bite - EdinburghThis year we have contributed to their ongoing internet costs to the tune of £768.48The Bevy Pub - BrightonSince December 2014 The Bevy is Brighton’s only community owned and run estate pub and was re-built, re-decorated and re-opened by an army of volunteers, The Bevy is a Community Benefit Society with over 700 shareholders and any money they make is reinvested in the local area. After fitting the WiFi for the Bevy last year we supported telephony and internet access to the value of £467.00Hereford Mind, Hereford, Contribution to telephony and Wifi costs £189.24I Am Phab, Cheshire, Contribution to telephony and Wifi costs £204.00Shropshire Youth Association, Shrewsbury, Contribution to telephony and Wifi costs £783.75Total National: £38656.18The FutureDuring the year we completed some great community and technical work thanks to our stakeholders and customers that not just assisted those in a challenging environment or requiring internet access and technical help but also that leveraged our corporate expertise further in delivering class leading communications, network equipment and hosted services. We are very grateful to the team of staff working with us that delivered this and made us ready for significant changes in the community and corporate spaces.

Consultation with stakeholders

We have had ongoing discussions with Housing Plus about the role of the digital dens in Shrewsbury.We have explored with other HA the options for assistance on he national level, which should come to fruition during the next financial year

Directors' remuneration

The director drew a salary of £27,500.00 in the year to Feb 23. Pension Contributions amounted to £375.00.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
22 October 2023

And signed on behalf of the board by:
Name: John Clarke
Status: Director