COMMUNITY SKILLS AND KNOWLEDGE NETWORK CIC

Company limited by guarantee

Company Registration Number:
10784418 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

COMMUNITY SKILLS AND KNOWLEDGE NETWORK CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

COMMUNITY SKILLS AND KNOWLEDGE NETWORK CIC

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,059 1,228
Investments:   0 0
Total fixed assets: 1,059 1,228
Current assets
Stocks:   0 0
Debtors: 4 8,957 14,793
Cash at bank and in hand: 29,845 40,143
Investments:   0 0
Total current assets: 38,802 54,936
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 731 ) ( 1,059 )
Net current assets (liabilities): 38,071 53,877
Total assets less current liabilities: 39,130 55,105
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 39,130 55,105
Members' funds
Profit and loss account: 39,130 55,105
Total members' funds: 39,130 55,105

The notes form part of these financial statements

COMMUNITY SKILLS AND KNOWLEDGE NETWORK CIC

Balance sheet statements

For the year ending 31 May 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 20 November 2023
and signed on behalf of the board by:

Name: Chris Clacken
Status: Director

The notes form part of these financial statements

COMMUNITY SKILLS AND KNOWLEDGE NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 May 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 added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery etc - 33% on cost and 25% reducing balance

    Other accounting policies

    TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in othercomprehensive income or directly in equity.Current or deferred taxation assets and liabilities are not discounted.Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measuredusing tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

COMMUNITY SKILLS AND KNOWLEDGE NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

COMMUNITY SKILLS AND KNOWLEDGE NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 2,357 2,357
Additions 1,412 1,412
Disposals ( 2,357 ) ( 2,357 )
Revaluations
Transfers
At 31 May 2023 1,412 1,412
Depreciation
At 1 June 2022 1,129 1,129
Charge for year 353 353
On disposals ( 1,129 ) ( 1,129 )
Other adjustments
At 31 May 2023 353 353
Net book value
At 31 May 2023 1,059 1,059
At 31 May 2022 1,228 1,228

COMMUNITY SKILLS AND KNOWLEDGE NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

2023 2022
£ £
Trade debtors 6,507 12,343
Other debtors 2,450 2,450
Total 8,957 14,793

COMMUNITY SKILLS AND KNOWLEDGE NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 366
Other creditors 731 693
Total 731 1,059

COMMUNITY SKILLS AND KNOWLEDGE NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Loans to directors

During the year the directors received advances totalling £nil (2022: £1,040 ) and made repayments totalling £nil (2022: £nil). At 31 May 2023 the directors owed the company £2,450 (2022: £2,450).These were provided on an interest free basis.

COMMUNITY INTEREST ANNUAL REPORT

COMMUNITY SKILLS AND KNOWLEDGE NETWORK CIC

Company Number: 10784418 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

‘Community Skills & Knowledge Network CIC’ provide monitoring services to young people engaged in youth, violence and gangs.

Consultation with stakeholders

Youth Justice ServicesViolence reduction PartnershipsSocial CareOther CIC

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
3 December 2023

And signed on behalf of the board by:
Name: Chris Clacken
Status: Director