HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
10573574 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Directors' report period ended 31 January 2024

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

Directors

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

Richard Griffiths
Anthony Smith
Hannah Smith
Laila Tims


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
24 September 2024

And signed on behalf of the board by:
Name: Richard Griffiths
Status: Director

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 645,653 748,378
Cost of sales: ( 562,398 ) ( 217,875 )
Gross profit(or loss): 83,255 530,503
Administrative expenses: ( 165,832 ) ( 34,144 )
Other operating income: 1,413 29
Operating profit(or loss): (81,164) 496,388
Interest receivable and similar income: 11,431
Interest payable and similar charges: ( 375 ) ( 13,778 )
Profit(or loss) before tax: (81,539) 494,041
Tax: 15,492 ( 93,670 )
Profit(or loss) for the financial year: (66,047) 400,371

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,548 2,707
Total fixed assets: 1,548 2,707
Current assets
Stocks: 4 82,443 101,781
Debtors: 5 73,813 80,465
Cash at bank and in hand: 83,976 190,336
Total current assets: 240,232 372,582
Creditors: amounts falling due within one year: 6 ( 4,306 ) ( 71,548 )
Net current assets (liabilities): 235,926 301,034
Total assets less current liabilities: 237,474 303,741
Provision for liabilities: ( 294 ) ( 514 )
Total net assets (liabilities): 237,180 303,227
Members' funds
Profit and loss account: 237,180 303,227
Total members' funds: 237,180 303,227

The notes form part of these financial statements

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 January 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 24 September 2024
and signed on behalf of the board by:

Name: Richard Griffiths
Status: Director

The notes form part of these financial statements

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment - 3 years straight line

    Other accounting policies

    Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling. Inventories Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. Foreign exchange Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 0

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 3,475 3,475
Additions
Disposals
Revaluations
Transfers
At 31 January 2024 3,475 3,475
Depreciation
At 1 February 2023 768 768
Charge for year 1,159 1,159
On disposals
Other adjustments
At 31 January 2024 1,927 1,927
Net book value
At 31 January 2024 1,548 1,548
At 31 January 2023 2,707 2,707

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Stocks

2024 2023
£ £
Stocks 82,443 101,781
Total 82,443 101,781

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
£ £
Trade debtors 46,940 79,351
Prepayments and accrued income 11,601 1,114
Other debtors 15,272
Total 73,813 80,465

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 2,695 1,750
Taxation and social security 68,717
Accruals and deferred income 1,245 900
Other creditors 366 181
Total 4,306 71,548

COMMUNITY INTEREST ANNUAL REPORT

HANDS UP EDUCATION COMMUNITY INTEREST COMPANY

Company Number: 10573574 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Hands Up Education CIC provides free or not-for-profit teaching and learning materials, and teacher training, particularly in Classical subjects. In the year to January 2024, we have provided support to our community as follows: Developed Book 3 of a secondary Latin school textbook course (Suburani), along with an accompanying bespoke digital learning platform. The profits from the sale of this book, and Books 1 and 2, will be used to help support and develop Latin in schools, particularly in the state sector, which educates 93% of UK citizens. The course’s aims are to shed new light on the ordinary people of the Roman world, be an engaging intro-duction to the ancient world based on our most up to date understanding, teach Latin inductively through engaging stories, include extensive digital support to enhance stu-dents’ learning, and work well for schools with a variety of teaching situations. Provided grants to state schools for our digital, online learning platform in Latin, to help teachers and students access education where state funding is insufficient. Delivered five online training events conferences for teachers in the UK and the US, attended by over 200 teachers in total, helping both to share best practice in teaching and to connect Latin teachers during a period when many were isolated. Continued to develop a range of free digital teaching and learning resources for Latin and Greek and made them available on our website, www.hands-up-education.org, in-cluding our Primary Latin Course. Delivered multiple in-person training sessions at our own and other organisations’ con-ferences in the UK and the US. Provided day-to-day support to teachers offering Latin, providing help and advice on all aspects of Latin teaching.

Consultation with stakeholders

Our stakeholders are teachers, particularly those who wish to teach, or who are already teaching, Classical subjects. The Directors of the company have been developing resources for teachers for many years and have developed new resources based on their long experience of talking with teachers. The online and in-person training events we have run, and the international teacher conferences we have attended, enabled us to continue to demonstrate our materials to teachers and to listen to their feedback. As we have developed new secondary Latin teaching and learning materials, we have continued to consult secondary school teachers on what kind of materials they would like to use in their classroom in the future, to shape the content of our Suburani Book 3 textbook. We consulted teachers from varying backgrounds at a wide range of online and in-person events, as well as through social media, direct email contacts and online surveys. We took onboard feedback from the schools who used Books 1 and 2 in the development of Suburani Book 3.

Directors' remuneration

The aggregate amount of emoluments paid to directors in respect of work done on Suburani was £334,530.15 (directors were not remunerated for any other services).

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 September 2024

And signed on behalf of the board by:
Name: Richard Griffiths
Status: Director