XL CENTRE CIC

Company limited by guarantee

Company Registration Number:
13758308 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

XL CENTRE CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

XL CENTRE CIC

Directors' report period ended 30 November 2023

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

Directors

The director shown below has held office during the whole of the period from
1 December 2022 to 30 November 2023

Alison Elizabeth Carter


The director shown below has held office during the period of
6 September 2023 to 30 November 2023

Thomas Andrew Hughes Lloyd


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
5 August 2024

And signed on behalf of the board by:
Name: Alison Elizabeth Carter
Status: Director

XL CENTRE CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 126 932
Total current assets: 126 932
Creditors: amounts falling due within one year: 3 ( 1,643 ) ( 849 )
Net current assets (liabilities): (1,517) 83
Total assets less current liabilities: (1,517) 83
Total net assets (liabilities): (1,517) 83
Members' funds
Profit and loss account: (1,517) 83
Total members' funds: ( 1,517) 83

The notes form part of these financial statements

XL CENTRE CIC

Balance sheet statements

For the year ending 30 November 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.

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 5 August 2024
and signed on behalf of the board by:

Name: Alison Elizabeth Carter
Status: Director

The notes form part of these financial statements

XL CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 November 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

XL CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 0

XL CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 684 351
Taxation and social security 19
Accruals and deferred income 479 479
Other creditors 480
Total 1,643 849

COMMUNITY INTEREST ANNUAL REPORT

XL CENTRE CIC

Company Number: 13758308 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Universal Foundation CIC is a social enterprise with the following aims and objectives. Providing benefit to:Young people and adults in areas of socio/economic disadvantage and deprivation located in Wales and England, requiring vocational training, physical activities, work experience and employment opportunities, particularly in the mediums of dance and sport.Universal Foundation’s activities will also provide benefits through offering vocational, citizenship and life skills education, so as to improve the physical and mental wellbeing of individuals from diverse cultures, backgrounds, and heritage. Our second year of operation has primarily focussed on research and development, with minimal administrative expenses, whilst we have been consulting with the local community to gather evidence and understanding of current needs, and to identify gaps in resources.Community benefits derived from this activity have been an increase in volunteering, signposting to training via new local opportunities, work experience and apprenticeship openings being offered through our network. We are now concentrating on sourcing investment to finance skills building programmes and supporting young adults, via mentoring and coaching, as they transition from full time education to the labour market. We have not received any public funding in this financial year.

Consultation with stakeholders

Stakeholders include the Denbighshire local authority commissioning team, public health services, local voluntary sector services council, and funder organisations who align with our aims and objectives.We have held exploration meetings with some of these stakeholders to inform of developments with new project ideas and services we are considering to offer the local community. This has helped form a view as to where investment is most likely to be spent, and to establish what aspects of our business fits with future planning across the county.

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
5 August 2024

And signed on behalf of the board by:
Name: Alison Elizabeth Carter
Status: Director