for the Period Ended 31 March 2023
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 5 | ( | ( |
Total net assets (liabilities): | ( | ( | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | ( | ( | |
Total Shareholders' funds: | ( | ( |
The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2023
Basis of measurement and preparation
for the Period Ended 31 March 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 March 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2022 | | | | |||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 March 2023 | | | | |||
Depreciation | ||||||
At 1 April 2022 | | | | |||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 31 March 2023 | | | | |||
Net book value | ||||||
At 31 March 2023 | | | | |||
At 31 March 2022 | | | |
for the Period Ended 31 March 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 31 March 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Other creditors | | |
Total | | |
for the Period Ended 31 March 2023
The company runs a language centre for adults and operates a cafe, an exhibition and event space and multi-lending library on site. The company started in 2011, moved into current premises in 2018 and was converted into a social enterprise in 2015. During the financial year 2022-2023, the hub’s activities have benefited the community in the following ways:- local residents have been able to use their language library conveniently- members of the local community have access to language learning and bilingual support;- the hub has provided part-time freelance employment for up to 17 local residents;- other local small businesses (children’s activities) have been able to access their customer base through using the hub’s premises by hiring space;- local children have been regularly offered free literacy events- Funded projects have made creative art sessions and employability support available for a range of different groups within the communityThe hub offers varies events and learning opportunities which are partly funded through community grants and can be attended for free by members of the community
The company’s stakeholders are residents of our local community and beyond. The directors of the company have lived in Glasgow for a number of years and developed the business model for the hub based on their experience and researching policies and local language provision for residents.This has helped us to build up a profile of local consumers and their language needs and what we can do to meet them more effectively. Our regular research enables us to identify number of potential learners in Glasgow and their needs.
Directors remuneration of £10800 was received in the year between the two directors or note contained within the accounts.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
22 December 2023
And signed on behalf of the board by:
Name: Michele Gordon
Status: Director