for the Period Ended 31 December 2023
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2023 | ||
---|---|---|---|
| £ | ||
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | ||
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | ||
Total current assets: | | ||
Creditors: amounts falling due within one year: | 5 | ( | |
Net current assets (liabilities): | ( | ||
Total assets less current liabilities: | | ||
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 December 2023
Basis of measurement and preparation
for the Period Ended 31 December 2023
2023 | ||
---|---|---|
Average number of employees during the period | |
for the Period Ended 31 December 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2023 | | | ||||
Depreciation | ||||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 31 December 2023 | | | ||||
Net book value | ||||||
At 31 December 2023 | | |
for the Period Ended 31 December 2023
2023 | ||
---|---|---|
£ | ||
Prepayments and accrued income | | |
Total | |
for the Period Ended 31 December 2023
2023 | ||
---|---|---|
£ | ||
Other creditors | | |
Total | |
Responsive Learning CIC’s activities are carried on for the benefit of post-16 learners of any Science, Technology, Engineering and Mathematics (STEM) related subject (the ‘community’). It is our mission “To make STEM learning more accessible for all,” no matter where you are on your career journey. Since the business launched in December 2022, the company’s core activities have been focused on developing educational technology (EdTech) solutions and research, as well as promoting diversity and inclusion in STEM. Where possible suppliers are also sourced locally, to support local small businesses and contribute to the growth of our local economy.During the financial year ending December 2023, the company’s activities have benefited the community in the following ways:- As an active member of the community and visible role model our Founder, Dr Ruth Brown-Shepherd successfully completed the Royal Academy of Engineering Regional Talent Engines programme. This showed commitment to ongoing personal development at all levels of the business, and secured an equity-free grant to support the company’s activities for the benefit of the community. Our Founder’s learning journey was shared through 4 LinkedIn posts leading to engagement from the community through 150 positive reactions, 39 comments and approximately 2,000 impressions across the LinkedIn network.- Within 9 months of creating the company’s LinkedIn social media page, it has shared 74 posts and gained 70 followers.- 4 talented young people, from underrepresented backgrounds in STEM, completed a work-experience placement within the company (in support of the EY Foundation SMART Futures programme in Bradford).- Working in collaboration with 2 universities in Yorkshire, 8 Masters students gained valuable experience of working with the company on 4 strategic business projects.- In collaboration with a third university, ethics approval was gained and the company’s first EdTech concept model was tested with over 20 potential users, from diverse backgrounds. We received invaluable feedback, which led to the development of a second EdTech solution that could support 25 per cent more members of the community within the next 3 years.- 5 local small business suppliers provided business administration support, web design, web development, and graphic design services for the company.- The company’s UK trade mark (6 series logo) was registered, which is now used daily in conjunction with the company’s copyrights to protect all digital assets and raise awareness about its socially-focused brand. Following a full intellectual property (IP) Audit, which was 80 per cent funded by the UK Intellectual Property Office, we identified additional IP assets that we plan to protect for the benefit of the community in future years.- A desk-based research study was also conducted to gain a high-level understanding of over 200 further education colleges offering STEM subjects in the UK.
Responsive Learning CIC’s key stakeholders are post-16 learners of any Science, Technology, Engineering and Mathematics (STEM) related subject. This includes those undertaking further education (FE), vocational education or training (VET) and higher education (HE) courses in STEM. The company Director is an active member of the STEM community and regularly engages with community members, through STEM events hosted by UK professional membership organisations, to gain a better understanding of their needs.We conducted 8 one-to-one consultation meetings with academic lecturers, who teach different science and engineering subjects at 3 local universities. Their feedback helped us to understand the current barriers to STEM learning in Higher Education, the diverse profiles of their students (approximately 100 students per academic year), their existing teaching resources, and how our educational technology (EdTech) solutions could benefit their students. Funding is limited for EdTech developments within the universities, so we have taken onboard the feedback received and submitted a total of 5 grant applications (one of which was a joint application with a local university). We are now awaiting the outcome of 2 remaining applications, and are actively exploring other funding options.The company has adopted a person-centred design approach to develop all its EdTech solutions. We therefore worked in collaboration with a local university, to gain ethics approval and test the company’s first EdTech concept model in a blind study with over 20 potential users from diverse backgrounds. Participants provided invaluable feedback about our EdTech software solutions, hardware options, educational content, and their learning preferences. Our research led to the development of a second EdTech solution, which is more accessible to a wider section of the community (up to 25 per cent more members) and can be developed within 12-18 months. The second concept model is now ready for testing.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
2 February 2024
And signed on behalf of the board by:
Name: Dr Ruth Brown-Shepherd
Status: Director