for the Period Ended 30 November 2023
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
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
The director shown below has held office during the period of
6 September 2023 to 30 November 2023
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
And signed on behalf of the board by:
Name:
Status: Director
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 3 | ( | ( |
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
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 30 November 2023
Basis of measurement and preparation
for the Period Ended 30 November 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 November 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
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.
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.
No remuneration was received
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