UNIVERSAL LEARNING SOLUTIONS C.I.C.

Company limited by guarantee

Company Registration Number:
08296508 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

UNIVERSAL LEARNING SOLUTIONS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

UNIVERSAL LEARNING SOLUTIONS C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 369,964 459,600
Cost of sales: ( 14,283 ) ( 70,018 )
Gross profit(or loss): 355,681 389,582
Distribution costs: 0 0
Administrative expenses: ( 222,351 ) ( 404,062 )
Operating profit(or loss): 133,330 (14,480)
Profit(or loss) before tax: 133,330 (14,480)
Profit(or loss) for the financial year: 133,330 (14,480)

UNIVERSAL LEARNING SOLUTIONS C.I.C.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 337 1,032
Total fixed assets: 337 1,032
Current assets
Debtors: 4 10,002 47,283
Cash at bank and in hand: 578 26,893
Total current assets: 10,580 74,176
Creditors: amounts falling due within one year: 5 ( 2,489 ) ( 3,095 )
Net current assets (liabilities): 8,091 71,081
Total assets less current liabilities: 8,428 72,113
Accruals and deferred income: ( 17,715 ) ( 214,424 )
Total net assets (liabilities): (9,287) (142,311)
Members' funds
Profit and loss account: (9,287) ( 142,311)
Total members' funds: ( 9,287) (142,311)

The notes form part of these financial statements

UNIVERSAL LEARNING SOLUTIONS C.I.C.

Balance sheet statements

For the year ending 31 December 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 11 June 2024
and signed on behalf of the board by:

Name: Kerry Lian Brown
Status: Director

The notes form part of these financial statements

UNIVERSAL LEARNING SOLUTIONS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 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

UNIVERSAL LEARNING SOLUTIONS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 7 7

UNIVERSAL LEARNING SOLUTIONS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 936 6,323 7,259
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 936 6,323 7,259
Depreciation
At 1 January 2023 845 5,382 6,227
Charge for year 91 604 695
On disposals
Other adjustments
At 31 December 2023 936 5,986 6,922
Net book value
At 31 December 2023 0 337 337
At 31 December 2022 91 941 1,032

UNIVERSAL LEARNING SOLUTIONS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 10,002 47,283
Total 10,002 47,283

UNIVERSAL LEARNING SOLUTIONS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 2,489 3,095
Taxation and social security 0
Total 2,489 3,095

COMMUNITY INTEREST ANNUAL REPORT

UNIVERSAL LEARNING SOLUTIONS C.I.C.

Company Number: 08296508 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Universal Learning Solutions (ULS) CIC has continued to work tirelessly thoroughout this period to enable disadvantaged children in Nigeria and South Africa to acess their right to literacy. Furthermore, we have also created employment in the Lancashire area and enabled groups in the Lancaster district to learn from our work and the impact that we are making. Regarding the impact, Universal Learning Solutions is proud that the English literacy project that we established and run in Africa, Jolly Phonics, is now the biggest and most effective in Africa. Since initiating the project and setting up the CIC in 2012, we have gone on to train 225,869 teachers, 7,412 government officials and have reached up to 27,406,059 pupils. Our work enables children in the poorest parts of the world to read and write, thereby improving their life chances, and those of their families, significantly. We also enable governments to meet their global literacy targets and offer a radical alternative to the current overseas aid funded education development projects.

Consultation with stakeholders

The main stakeholders are Nigerian and South African teachers, pupils and government officials with whom we regularly engage with in designing and implementing our projects. We communicate regularly with teachers and officials via WhatsApp groups and feedback any responses into our wider monitoring and evaluation of projects. We also regularly visit all projects to ensure that our methods are bringing about the desired positive outcomes in the lives of the pupils. We often change the methodology of our projects in order to better meet the needs of these children

Directors' remuneration

There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for 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
11 June 2024

And signed on behalf of the board by:
Name: Kerry-Lian Brown
Status: Director