for the Period Ended 31 October 2023
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | |
Profit(or loss) before tax: | ( | |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Intangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Cash at bank and in hand: | | ||
Total current assets: | | ||
Prepayments and accrued income: | | ||
Creditors: amounts falling due within one year: | 4 | ( | |
Net current assets (liabilities): | ( | | |
Total assets less current liabilities: | ( | | |
Total net assets (liabilities): | ( | | |
Members' funds | |||
Profit and loss account: | ( | | |
Total members' funds: | ( | |
The notes form part of these financial statements
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 October 2023
Basis of measurement and preparation
for the Period Ended 31 October 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 October 2023
Goodwill | Other | Total | |
---|---|---|---|
Cost | £ | £ | £ |
At 1 November 2022 | | | |
Additions | |||
Disposals | |||
Revaluations | |||
Transfers | |||
At 31 October 2023 | | | |
Amortisation | |||
At 1 November 2022 | | | |
Charge for year | | | |
On disposals | |||
Other adjustments | | | |
At 31 October 2023 | | | |
Net book value | |||
At 31 October 2023 | | | |
At 31 October 2022 | | |
for the Period Ended 31 October 2023
2023 | ||
---|---|---|
£ | ||
Trade creditors | | |
Total | |
The company runs a Cultural education offering educational support services and other human health activities and also providing residential care activities for learning difficulties, mental health and substance abuse. During the financial year 2022-2023, the shop’s activities have benefited the community in the following ways:- local residents (particularly those with learning disabilities) have been able to assess tailored educational programs that cater to individual learning needs, especially for those with learning difficulties. This has enabled many individuals to achieve academic success who might otherwise struggle in traditional educational settings.Skill Development: By offering diverse educational support, the company helps individuals develop essential skills, both academic and vocational, thereby improving their employability and contributing to the local economy.Improved Mental Health and Well-being: Mental Health Support: The company’s focus on mental health activities provides much-needed resources and support for individuals struggling with mental health issues. This includes counseling, therapy sessions, and other interventions that promote mental well-being.Substance Abuse Rehabilitation: Providing care for those dealing with substance abuse helps individuals recover and reintegrate into society, reducing the negative impacts of substance abuse on families and the community at large.Employment Opportunities: By operating a range of support services, the company creates job opportunities for educators, healthcare providers, and support staff, thereby boosting the local economy.Reduced Social Costs: Effective educational and health support can reduce the long-term social costs associated with untreated mental health issues and substance abuse, such as crime, homelessness, and unemployment.Awareness and Advocacy: Raising Awareness: The company plays a crucial role in raising awareness about learning difficulties, mental health, and substance abuse, breaking down stigmas, and encouraging a more compassionate and informed community.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 July 2024
And signed on behalf of the board by:
Name: Olushola Kolawole
Status: Director