PLYMOUTH SOCIAL ENTERPRISE NETWORK C.I.C.

Company limited by guarantee

Company Registration Number:
09130295 (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

PLYMOUTH SOCIAL ENTERPRISE NETWORK C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PLYMOUTH SOCIAL ENTERPRISE NETWORK C.I.C.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 2,678 1,752
Cash at bank and in hand: 14,403 25,887
Total current assets: 17,081 27,639
Creditors: amounts falling due within one year: 4 ( 6,409 ) ( 7,593 )
Net current assets (liabilities): 10,672 20,046
Total assets less current liabilities: 10,672 20,046
Total net assets (liabilities): 10,672 20,046
Members' funds
Profit and loss account: 10,672 20,046
Total members' funds: 10,672 20,046

The notes form part of these financial statements

PLYMOUTH SOCIAL ENTERPRISE NETWORK 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.

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 25 September 2024
and signed on behalf of the board by:

Name: Gareth Nicholas Hart
Status: Director

The notes form part of these financial statements

PLYMOUTH SOCIAL ENTERPRISE NETWORK 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

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

PLYMOUTH SOCIAL ENTERPRISE NETWORK 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 3 3

PLYMOUTH SOCIAL ENTERPRISE NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
£ £
Trade debtors 935 1,752
Other debtors 1,743 0
Total 2,678 1,752

PLYMOUTH SOCIAL ENTERPRISE NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 0 1,743
Accruals and deferred income 6,183 5,850
Other creditors 226 0
Total 6,409 7,593

COMMUNITY INTEREST ANNUAL REPORT

PLYMOUTH SOCIAL ENTERPRISE NETWORK C.I.C.

Company Number: 09130295 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

During 2023, on behalf of our members, Plymouth Social Enterprise Network (PSEN) has: - Delivered on the third year’s priorities against the social enterprise strategy for the city - Held various networking meetings for social enterprises and interested parties in Plymouth - Delivered the Plymouth Social Enterprise City Festival in November 2023 with a theme about marking ten years as the UK’s first Social Enterprise City - Ran a successful awards evening for social enterprises in Plymouth - Ran an exhibition of social enterprise over the last ten years in the city - Worked with the Rank Foundation on its programme for Plymouth’s social enterprises - Worked strategically to ensure Inclusive Growth is a priority for Plymouth - Worked with the Plymouth Growth Board, Buyers Network and other strategic partners to ensure social enterprises are embedded in economic policy for the city

Consultation with stakeholders

We have various stakeholders: - We have over 100 members. We consult these through our network meetings and regular newsletters and social media - Strategic partners such as SEUK, Plymouth City Council, University of Plymouth, funders and others. We consult these through regular meetings - e.g., we are closely involved with the City Council informing about strategy and policy. We are involved in Plymouth’s Inclusive Growth Group which advocates for fairer economic growth in the city. We attend the national SEUK places meetings. Action taken in response has been: - Development of improved communications services - Improved membership benefits such as discounts with SEUK and others - Work with the city council to improve social enterprise relevant policies such as commissioning for social value and the Inclusive Growth work

Directors' remuneration

Directors’ gross remuneration was £12,536, We estimate 10% of that was spent on discharging directors’ duties.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Gareth Nicholas Hart
Status: Director