SOCIAL ECONOMIC TRADING ALLIANCE CIC

Company limited by guarantee

Company Registration Number:
04084466 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

SOCIAL ECONOMIC TRADING ALLIANCE CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

SOCIAL ECONOMIC TRADING ALLIANCE CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 16,744 24,390
Cost of sales: ( 4,166 ) ( 8,521 )
Gross profit(or loss): 12,578 15,869
Distribution costs: 0 0
Administrative expenses: ( 17,941 ) ( 14,199 )
Other operating income: 0 0
Operating profit(or loss): (5,363) 1,670
Interest payable and similar charges: ( 113 ) ( 158 )
Profit(or loss) before tax: (5,476) 1,512
Tax: 0 0
Profit(or loss) for the financial year: (5,476) 1,512

SOCIAL ECONOMIC TRADING ALLIANCE CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 183 210
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 183 210
Current assets
Stocks:   0 0
Debtors: 4 3,277 3,732
Cash at bank and in hand: 3,597 8,628
Investments:   0 0
Total current assets: 6,874 12,360
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 1,507 ) ( 2,308 )
Net current assets (liabilities): 5,367 10,052
Total assets less current liabilities: 5,550 10,262
Creditors: amounts falling due after more than one year: 6 ( 14,572 ) ( 13,809 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (9,022) (3,547)
Members' funds
Profit and loss account: (9,022) ( 3,547)
Total members' funds: ( 9,022) (3,547)

The notes form part of these financial statements

SOCIAL ECONOMIC TRADING ALLIANCE CIC

Balance sheet statements

For the year ending 31 October 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 30 July 2024
and signed on behalf of the board by:

Name: Julian Carroll
Status: Director

The notes form part of these financial statements

SOCIAL ECONOMIC TRADING ALLIANCE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    All material incoming resources have been included on a receivable basisThey are included if the date receivable falls within the period covered by these accounts.

    Tangible fixed assets depreciation policy

    Depreciation is calculated to write down the cost or valuation, less estimated residualvalue, of all tangible fixed assets over their expected useful lives on a straight line basis.The rates applicable are:Equipment 25%Vehicles 20%Improvements to leasehold property 20%

    Other accounting policies

    Resources expendedThese have been analysed using a natural classification.AmortisationIn accordance with FRS10, this is being written off over 20 years.

SOCIAL ECONOMIC TRADING ALLIANCE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

SOCIAL ECONOMIC TRADING ALLIANCE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 November 2022 0 550 550
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 31 October 2023 0 550 550
Amortisation
At 1 November 2022 0 340 340
Charge for year 0 27 27
On disposals 0 0 0
Other adjustments 0 0 0
At 31 October 2023 0 367 367
Net book value
At 31 October 2023 0 183 183
At 31 October 2022 0 210 210

SOCIAL ECONOMIC TRADING ALLIANCE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 3,277 3,732
Prepayments and accrued income 0 0
Other debtors 0 0
Total 3,277 3,732
Debtors due after more than one year: 0 0

SOCIAL ECONOMIC TRADING ALLIANCE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1,507 2,308
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 1,507 2,308

SOCIAL ECONOMIC TRADING ALLIANCE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 14,572 13,809
Total 14,572 13,809

COMMUNITY INTEREST ANNUAL REPORT

SOCIAL ECONOMIC TRADING ALLIANCE CIC

Company Number: 04084466 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

In line with the organisations primary aim, that of setting up and maintaining local community initiatives which provide a working environment offering employment opportunity and skills development, particularly to people disadvantaged in the labour market, we have continued to develop and maintain three key areas of activity aimed at being active in the community, improving employability and entrepreneurial skills. During 2023 our incubation programme continued to operate only two of its community enterprises, EzeMove - Furniture Removal service and ReUzit - Bulk waste reuse/recycling service, with and through the participation of part-time workers, casual workers and volunteers.During the year we have benefitted the community through these two projects as follows:EzeMoveProviding a high quality, friendly and affordable removal service to the local community.Providing work experience, training, employment, mentoring and personal development opportunities for local people.Creating revenue to invest back into other projects.ReUzitProviding a high quality, friendly and affordable house clearance and waste disposal service to the local community.Providing work experience, training, employment, mentoring and personal development opportunities for local people.Recycling, re-purposing and rehoming wherever possible to reduce landfill and conserve resources.We have worked with other service providers and community businesses in the community to develop and promote our services.

Consultation with stakeholders

The success of our organisation very much depends on how we effectively and efficiently foster and meet the reasonable expectations of our primary stakeholders, customers, employees, volunteers, suppliers and local members of the community.Through our marketing and promotional activities, we have been able to engage with customers and members of the community to elicit feedback of our services and continue to improve and develop our main website for this purpose. This feedback is fed into the various meetings and consultations that we organise with employees, volunteers and members of our organisation and has a direct bearing on the way that we have shaped and developed our services. We generally hold regular stakeholder meetings and discussions to elicit this feedback.Our main stakeholders are:DirectorsVolunteersEmployeesService UsersRepresentatives of the local communityDuring the last year we have consulted with these stakeholders in the following ways:Regular Director / Board meetings Regular Management meetings Requests for feedback from EzeMove customersAs a result of this feedback we are continuously improving and developing our services and keeping our stakeholders engaged and involved.

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
30 July 2024

And signed on behalf of the board by:
Name: Julian Carroll
Status: Director