MULTILINGUA DEVON CIC

Company limited by guarantee

Company Registration Number:
07114112 (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

MULTILINGUA DEVON CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MULTILINGUA DEVON CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,516 1,982
Total fixed assets: 2,516 1,982
Current assets
Debtors: 4 162,261 179,041
Cash at bank and in hand: 140,889 135,410
Total current assets: 303,150 314,451
Creditors: amounts falling due within one year: 5 ( 34,531 ) ( 47,953 )
Net current assets (liabilities): 268,619 266,498
Total assets less current liabilities: 271,135 268,480
Total net assets (liabilities): 271,135 268,480
Members' funds
Profit and loss account: 271,135 268,480
Total members' funds: 271,135 268,480

The notes form part of these financial statements

MULTILINGUA DEVON 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 29 August 2024
and signed on behalf of the board by:

Name: Dr A Lee
Status: Director

The notes form part of these financial statements

MULTILINGUA DEVON 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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; It is probably the future economic benefits will flow to the entity; And specific criteria have been met for each of the company’s activities.

    Tangible fixed assets depreciation policy

    Depreciation is charges so as to write off the cost of assets, other than land and properties under construction, over their estimated useful lives, as follows: Plant and machinery – 25% reducing balance basis Motor vehicles – 25% reducing balance basis

    Other accounting policies

    Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company dies not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Defined contribution pension obligation A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expenses when they are due. If contribution payments exceed the contribution due for services, the excess is recognised as a prepayment.

MULTILINGUA DEVON CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

MULTILINGUA DEVON CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 2,271 7,561 9,832
Additions 1,374 1,374
Disposals
Revaluations
Transfers
At 30 November 2023 3,645 7,561 11,206
Depreciation
At 1 December 2022 1,635 6,215 7,850
Charge for year 503 337 840
On disposals
Other adjustments
At 30 November 2023 2,138 6,552 8,690
Net book value
At 30 November 2023 1,507 1,009 2,516
At 30 November 2022 636 1,346 1,982

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

MULTILINGUA DEVON CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Trade debtors 162,026 178,468
Prepayments and accrued income 235 573
Total 162,261 179,041

MULTILINGUA DEVON CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 6,180 391
Taxation and social security 26,299 45,885
Accruals and deferred income 1,680 1,200
Other creditors 372 477
Total 34,531 47,953

COMMUNITY INTEREST ANNUAL REPORT

MULTILINGUA DEVON CIC

Company Number: 07114112 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Multilingua Devon CIC provides interpreting and translation services to the public sectors in Devon and Torbay area. As a result of our services, non English speaking communities can access the public and legal services. Multilingua Devon CIC played a major role helping Devon County Council and the Home office Charity with the Calais Asylum Seekers who were dispersed to Devon. Syrians, Afghans and Refugee Hotels have kept us busy. As a social enterprise we played a major role in their resettlement program in Devon and Torbay areas. We only use local bilingual face to face interpreters and train them internally. Managing Director , also a trained Community Interpreting tutor, has provided online free interpreter training workshops over the last year. Also agency has provided cultural workshops for Devon's foster carers of Asylum Seekers ONLINE .Multilingua Devon CIC is helping more and more individuals find jobs and come off benefits. Multilingua liaises with schools and local authorities and provides them with vital information in the areas where they need to improve their services and the various problems ML interpreters witness. We also help DCC & NHS collect important BME data. Agency financially sponsors online Exeter Respect Festival and children's charity. Multilingua Devon CIC also provides free interpreting for Domestic Violence victims and trafficked children if they are not entitled to legal aid.

Consultation with stakeholders

The stakeholders are agencies, local authorities and public service providers, translators and interpreters as well as the clients we serve. Multilingua Devon CIC collects feedback on our services and other services in Devon through evaluation forms and we have an on-going relationship with the interpreters and translators. The quality of our service is vital and we ensure that all of our freelancers are fully trained. In addition, we run training sessions for the services to ensure that they understand the issues that our clients face and their cultural backgrounds. We have evaluation of these sessions and review how to improve them for the future. The Manager Anil Lee attends many multi-agency meetings and is a committee member of a number of charities in Devon. Multilingua Devon CIC attends International Women's Day Celebrations and also attends and sponsors the yearly Exeter Respect Celebrations, providing free interpreting for local services at the festival.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £80,565. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for a director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 August 2024

And signed on behalf of the board by:
Name: Dr A Lee
Status: Director