GET WISE ENTERPRISE C.I.C.

Company limited by guarantee

Company Registration Number:
10624169 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

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Contents of the Financial Statements

for the Period Ended 31 March 2024

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

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Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Jennifer Brookes
Sally Kirkland
Michelle Walker


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
25 June 2024

And signed on behalf of the board by:
Name: Jennifer Brookes
Status: Director

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Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 59,495 89,720
Cost of sales: 0 0
Gross profit(or loss): 59,495 89,720
Distribution costs: 0 0
Administrative expenses: ( 59,979 ) ( 90,689 )
Operating profit(or loss): (484) (969)
Profit(or loss) before tax: (484) (969)
Profit(or loss) for the financial year: (484) (969)

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Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 518 1,037
Total fixed assets: 518 1,037
Current assets
Cash at bank and in hand: 8,231 13,225
Total current assets: 8,231 13,225
Creditors: amounts falling due within one year: 4 ( 6,209 ) ( 12,460 )
Net current assets (liabilities): 2,022 765
Total assets less current liabilities: 2,540 1,802
Creditors: amounts falling due after more than one year: 5 ( 3,058 ) ( 1,836 )
Total net assets (liabilities): (518) (34)
Members' funds
Profit and loss account: (518) ( 34)
Total members' funds: ( 518) (34)

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 March 2024 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 25 June 2024
and signed on behalf of the board by:

Name: Jennifer Brookes
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis Computer equipment 15

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Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

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Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 2,537 2,537
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 2,537 2,537
Depreciation
At 1 April 2023 1,500 1,500
Charge for year 519 519
On disposals
Other adjustments
At 31 March 2024 2,019 2,019
Net book value
At 31 March 2024 518 518
At 31 March 2023 1,037 1,037

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Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 6,209 12,460
Total 6,209 12,460

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Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024 2023
£ £
Other creditors 3,058 1,836
Total 3,058 1,836

COMMUNITY INTEREST ANNUAL REPORT

GET WISE ENTERPRISE C.I.C.

Company Number: 10624169 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Get Wise are a community interest company; a qualified team of teachers, counsellors, performers and media professionals with industry experience spanning ITV, the BBC and independent radio; accustomed to working in both custodial settings and the community. We specialise in reducing self-stigma through the delivery of digital storytelling projects that facilitate the development of employability, personal, social and digital skills in preparation for life and work. Get Wise have spent the financial year providing Community learning on behalf of Inspire Learning. We have also delivered contracts in prisons, HMP Sudbury Creative Writing and HMP Gartee, Drama.

Consultation with stakeholders

No consultation with stakeholders

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
9 September 2024

And signed on behalf of the board by:
Name: Jennifer Brookes
Status: Director