for the Period Ended 31 December 2023
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2023 | 2022 | |
---|---|---|
|
£ |
£ |
Turnover: |
|
|
Cost of sales: |
(
|
(
|
Gross profit(or loss): |
|
|
Distribution costs: |
|
|
Administrative expenses: |
(
|
(
|
Operating profit(or loss): |
|
( |
Profit(or loss) before tax: |
|
( |
Profit(or loss) for the financial year: |
|
( |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
|
£ |
£ |
|
Fixed assets | |||
Tangible assets: | 3 |
|
|
Total fixed assets: |
|
|
|
Current assets | |||
Debtors: | 4 |
|
|
Cash at bank and in hand: |
|
|
|
Total current assets: |
|
|
|
Creditors: amounts falling due within one year: | 5 |
(
|
(
|
Net current assets (liabilities): |
|
|
|
Total assets less current liabilities: |
|
|
|
Accruals and deferred income: |
(
|
(
|
|
Total net assets (liabilities): |
( |
( |
|
Members' funds | |||
Profit and loss account: |
( |
( |
|
Total members' funds: |
( |
( |
The notes form part of these financial statements
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 31 December 2023
Basis of measurement and preparation
for the Period Ended 31 December 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period |
|
|
for the Period Ended 31 December 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2023 |
|
|
|
|||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2023 |
|
|
|
|||
Depreciation | ||||||
At 1 January 2023 |
|
|
|
|||
Charge for year |
|
|
|
|||
On disposals | ||||||
Other adjustments | ||||||
At 31 December 2023 |
|
|
|
|||
Net book value | ||||||
At 31 December 2023 |
|
|
|
|||
At 31 December 2022 |
|
|
|
for the Period Ended 31 December 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade debtors |
|
|
Total |
|
|
for the Period Ended 31 December 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade creditors |
|
|
Taxation and social security |
|
|
Total |
|
|
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.
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
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
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