COVENTRY HUNGARIAN COMMUNITY SCHOOL CIC

Company limited by guarantee

Company Registration Number:
09679700 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

COVENTRY HUNGARIAN COMMUNITY SCHOOL CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

COVENTRY HUNGARIAN COMMUNITY SCHOOL CIC

Directors' report period ended 31 July 2023

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

Directors

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

Agnes Hegedus-Gruber
Lejla Nikoletta Kis
Sarolta Lukacsne Pocsfoldi
Erzsebet Mocsi
Maria Tothne Toth


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
29 February 2024

And signed on behalf of the board by:
Name: Lejla Nikoletta Kis
Status: Director

COVENTRY HUNGARIAN COMMUNITY SCHOOL CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 6,836 6,747
Cost of sales: ( 2,643 ) ( 1,722 )
Gross profit(or loss): 4,193 5,025
Administrative expenses: ( 6,300 ) ( 5,178 )
Other operating income: 6,812
Operating profit(or loss): (2,107) 6,659
Profit(or loss) before tax: (2,107) 6,659
Tax: ( 1,265 )
Profit(or loss) for the financial year: (2,107) 5,394

COVENTRY HUNGARIAN COMMUNITY SCHOOL CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 364 364
Total fixed assets: 364 364
Current assets
Cash at bank and in hand: 5,084 7,673
Total current assets: 5,084 7,673
Creditors: amounts falling due within one year: 4 ( 405 ) ( 1,652 )
Net current assets (liabilities): 4,679 6,021
Total assets less current liabilities: 5,043 6,385
Accruals and deferred income: ( 765 )
Total net assets (liabilities): 4,278 6,385
Members' funds
Profit and loss account: 4,278 6,385
Total members' funds: 4,278 6,385

The notes form part of these financial statements

COVENTRY HUNGARIAN COMMUNITY SCHOOL CIC

Balance sheet statements

For the year ending 31 July 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 29 February 2024
and signed on behalf of the board by:

Name: Lejla Nikoletta Kis
Status: Director

The notes form part of these financial statements

COVENTRY HUNGARIAN COMMUNITY SCHOOL CIC

Notes to the Financial Statements

for the Period Ended 31 July 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 & loss account represents revenue earned duringthe period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the followingannual rates in order to write off each asset over its estimated useful life.Freehold buildings – 2% on cost or revalued amounts, Plant and machinery– 20% on cost, Fixtures and fittings – 10% on cost, Motor vehicles – 20% on cost.No depreciation is provided on freehold land

COVENTRY HUNGARIAN COMMUNITY SCHOOL CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

COVENTRY HUNGARIAN COMMUNITY SCHOOL CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 2,314 2,314
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 2,314 2,314
Depreciation
At 1 August 2022 1,950 1,950
Charge for year
On disposals
Other adjustments
At 31 July 2023 1,950 1,950
Net book value
At 31 July 2023 364 364
At 31 July 2022 364 364

COVENTRY HUNGARIAN COMMUNITY SCHOOL CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 405 387
Taxation and social security 1,265
Total 405 1,652

COMMUNITY INTEREST ANNUAL REPORT

COVENTRY HUNGARIAN COMMUNITY SCHOOL CIC

Company Number: 09679700 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The company runs the Coventry Community Hungarian School in Coventry, a weekend school and community with the aim to provide education and cultural support for children and families' who has Hungarian relations. The company was formed in July 2015 and started its first academic year in September 2015. As a community interest company we also run cultural events in order to support the local Hungarian community, the activities we run benefited the community the following ways:-Children benefit from having a cultural identity and gain confident speaking in Hungarian, friendships are formed which ensures emotional and social well being for our children-Parents believe that supplementary schools value parental involvement and help their children succeed academically and socially. -Families reported that use of Hungarian language at home has improved-Encourages children to be more open minded and engage in activities that otherwise not offered in mainstream schools-More than 50 families could benefit in the area from the regular school activities and community activitiesThe company's stakeholders are the local Hungarian community, local Hungarian businesses such as cake makers, Hungarian food groceries and musicians. The directors of the company has been living in the area for years and being part of the community so understood the needs of the local families and designed the activities around these needs. We have used an online questionnaire prior to starting up in order to understand the requirements and needs. Also every six months we get the parents to fill out a feedback form in order to be able to improve our work and have feedback on our strengths and weaknesses. We also work closely with local Hungarian related businesses, as well as other Hungarian schools and communities nationwide. On our events and school canteen we purchase Hungarian food from local businesses as well as running charity events with other similar organisations.

Consultation with stakeholders

Stakeholders include the Directors, Volunteers and beneficiaries primarily those living in the Hungarian Community of Coventry and Warwickshire

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
29 February 2024

And signed on behalf of the board by:
Name: Lejla Weller-Kis
Status: Director