DELEGATED SERVICES C.I.C.

Company Registration Number:
08032458 (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

DELEGATED SERVICES C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

DELEGATED SERVICES C.I.C.

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The principal activity of the company is high quality services and support to help educational establishments become even moreeffective.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

William John Crocker
Peter John McCarthy


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
24 July 2023

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

DELEGATED SERVICES C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 426,384 422,246
Cost of sales: ( 270,017 ) ( 227,765 )
Gross profit(or loss): 156,367 194,481
Administrative expenses: ( 160,578 ) ( 138,520 )
Other operating income: 250
Operating profit(or loss): (3,961) 55,961
Profit(or loss) before tax: (3,961) 55,961
Tax: ( 21 ) ( 10,588 )
Profit(or loss) for the financial year: (3,982) 45,373

DELEGATED SERVICES C.I.C.

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,702 1,589
Total fixed assets: 1,702 1,589
Current assets
Debtors: 4 33,769 23,010
Cash at bank and in hand: 207,025 219,741
Total current assets: 240,794 242,751
Creditors: amounts falling due within one year: 5 ( 132,223 ) ( 130,106 )
Net current assets (liabilities): 108,571 112,645
Total assets less current liabilities: 110,273 114,234
Provision for liabilities: ( 323 ) ( 302 )
Total net assets (liabilities): 109,950 113,932
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 109,850 113,832
Total Shareholders' funds: 109,950 113,932

The notes form part of these financial statements

DELEGATED SERVICES 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.

This report was approved by the board of directors on 24 July 2023
and signed on behalf of the board by:

Name: William John Crocker
Status: Director

The notes form part of these financial statements

DELEGATED SERVICES 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value addedtax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers suchthat risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised byreference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costsincurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates inorder to write off the assets over their estimated useful lives:Fixtures & fittings 33% Reducing BalanceComputer equipment 20% Straight line

    Other accounting policies

    Accounting policiesThe principal accounting policies adopted in the preparation of the financial statements are set out below and have remainedunchanged from the previous year, and also have been consistently applied within the same accounts.Basis of preparationThe accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.Presentation currencyThe accounts are presented in £ sterling.Deferred taxationDeferred tax arises as a result of including items of income and expenditure in taxation computations in periods different fromthose in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result inan obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timingdifferences reverse, based on current tax rates and laws.Deferred tax assets and liabilities are not discounted.Pension costsThe company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised inthe profit and loss account when due.TurnoverTurnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value addedtax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers suchthat risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised byreference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costsincurred for work performed to date to the total estimated contract costs.DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for badand doubtful debts. Loan and other financial assets are initially recognised at transaction price including any transaction costsand subsequently measured at amortised cost determined using the effective interest method, less any impairment losses forbad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilitiesare initially recognised at transaction price net of any transaction costs and subsequently measured at amortised costdetermined using the effective interest method.

DELEGATED SERVICES 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 10 7

DELEGATED SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 1,679 2,437 4,116
Additions 721 721
Disposals ( 1,454 ) ( 1,454 )
Revaluations
Transfers
At 31 March 2023 225 3,158 3,383
Depreciation
At 1 April 2022 1,679 848 2,527
Charge for year 608 608
On disposals ( 1,454 ) ( 1,454 )
Other adjustments
At 31 March 2023 225 1,456 1,681
Net book value
At 31 March 2023 0 1,702 1,702
At 31 March 2022 0 1,589 1,589

DELEGATED SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 29,783 21,213
Prepayments and accrued income 3,886 1,697
Other debtors 100 100
Total 33,769 23,010

DELEGATED SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 31,193 14,154
Taxation and social security 13,748 20,308
Accruals and deferred income 4,311 14,006
Other creditors 82,971 81,638
Total 132,223 130,106

COMMUNITY INTEREST ANNUAL REPORT

DELEGATED SERVICES C.I.C.

Company Number: 08032458 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Delegated Services was formed to support the education and community sectors in ways that hasn’t been done before; its vision is that Delegated Services CIC (Community Interest Company) is the regional not-for-profit, natural choice best provider of support services in the field of Education and Community for our core service skills and wider network partnership expertise.We provide a comprehensive set of support services ranging from school improvement, safeguarding, health/safety and wellbeing, emergencies and business continuity, through to property and facilities management, business risk management and more.These services help schools and the community sector reduce the cost and management time of non-core activities, allowing valuable resources to be concentrated on the delivery of service excellence.In this our tenth year, we have provided agreement services to over 230 schools and community sector customers and many more with one-off requests for say training or services from our Network Partners. They have benefited in the following ways:CIC/Not for ProfitRegion based not nationalOur experienced, skilled Team and our Network PartnersPeople-focusedProudAdaptable - Not one size fits all and agileCommittedOur reputation/testimonials/word of mouth recommendationsOur breadth of services and their content for some, a reduction in capital and running costs; for some others, a reduction in risk and time managing non educational issuesemergency support in the event of a continuity challenge or a critical incident.

Consultation with stakeholders

The company’s stakeholders are currently all Sectors of Schools and Community organisations within a 50-mile radius of Bristol.All our agreement customers have regular contact with our senior staff and, as part of our service standards, they have access to their own private website of helpful resources and intellectual property along with a suite of communications including a formal bulletin document from us 6 times a year plus less formal communications on a weekly basis. As a result, our relationships are regular and proactive and we are able to ask for their comments, amongst others, on three critical questions:whether we have met their expectationshow we can improve the services, andwhether we should add additional services to our portfolio.Feedback from this process has meant we have not only been able to improve our services but we have also had the evidence to support amendment to some of the ways we do things together with the incorporation of a number of services to our portfolio.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £57,750. There were no other transactions or arrangements in connection with the renumeration 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
14 September 2023

And signed on behalf of the board by:
Name: William Crocker
Status: Director