GOVERNING FOR AMBITION CIC

Company limited by guarantee

Company Registration Number:
11850837 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

GOVERNING FOR AMBITION CIC

Contents of the Financial Statements

for the Period Ended 30 June 2023

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

GOVERNING FOR AMBITION CIC

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal activities of the company

The principal activity of the company during the year under review was supporting educational services.



Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023

A.E. Chalmers
L. Evans
A. Prosser
C. Prosser


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
4 March 2024

And signed on behalf of the board by:
Name: A.E. Chalmers
Status: Director

GOVERNING FOR AMBITION CIC

Profit And Loss Account

for the Period Ended 30 June 2023

2023 11 months to 30 June 2022


£

£
Turnover: 2,400 2,600
Gross profit(or loss): 2,400 2,600
Administrative expenses: ( 1,124 ) ( 1,069 )
Operating profit(or loss): 1,276 1,531
Profit(or loss) before tax: 1,276 1,531
Tax: ( 242 ) ( 291 )
Profit(or loss) for the financial year: 1,034 1,240

GOVERNING FOR AMBITION CIC

Balance sheet

As at 30 June 2023

Notes 2023 11 months to 30 June 2022


£

£
Current assets
Debtors: 3 400
Cash at bank and in hand: 4,660 3,884
Total current assets: 4,660 4,284
Creditors: amounts falling due within one year: 4 ( 1,433 ) ( 2,091 )
Net current assets (liabilities): 3,227 2,193
Total assets less current liabilities: 3,227 2,193
Total net assets (liabilities): 3,227 2,193
Members' funds
Profit and loss account: 3,227 2,193
Total members' funds: 3,227 2,193

The notes form part of these financial statements

GOVERNING FOR AMBITION CIC

Balance sheet statements

For the year ending 30 June 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 4 March 2024
and signed on behalf of the board by:

Name: A.E. Chalmers
Status: Director

The notes form part of these financial statements

GOVERNING FOR AMBITION CIC

Notes to the Financial Statements

for the Period Ended 30 June 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. Turnover is reduced for estimated customer rebates and other similar allowances.

    Other accounting policies

    TaxationIncome tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Trade and other debtorsTrade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.Trade and other creditorsShort term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

GOVERNING FOR AMBITION CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 11 months to 30 June 2022
    Average number of employees during the period 0 0

GOVERNING FOR AMBITION CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Debtors

2023 11 months to 30 June 2022
£ £
Trade debtors 400
Total   400

GOVERNING FOR AMBITION CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Creditors: amounts falling due within one year note

2023 11 months to 30 June 2022
£ £
Taxation and social security 533 291
Accruals and deferred income 900 1,800
Total 1,433 2,091

COMMUNITY INTEREST ANNUAL REPORT

GOVERNING FOR AMBITION CIC

Company Number: 11850837 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

Governing for Ambition has provided a Governing Body for Lokrum Fields and Chestnut Place, which provide specialist education for students with autism or anxiety. This has benefited the community by facilitating specialist educational provision in Worcestershire and Warwickshire.

Consultation with stakeholders

The Governing Body for Lokrum Fields and Chestnut Place includes representatives for student voice and parent voice, who have been fully involved in Governing Body meetings and whose comments have been given due consideration in the development of policies.

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
24 February 2024

And signed on behalf of the board by:
Name: A.E. Chalmers
Status: Director