for the Period Ended 31 March 2024
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 April 2023
to
31 March 2024
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
And signed on behalf of the board by:
Name:
Status: Director
As at
Notes | 2024 | 2023 | |
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£ |
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Called up share capital not paid: |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: | 3 |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 4 |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 5 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Other accounting policies
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2023 |
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Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 March 2024 |
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Depreciation | ||||||
At 1 April 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 March 2024 |
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Net book value | ||||||
At 31 March 2024 |
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At 31 March 2023 |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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Debtors due after more than one year: |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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We offer accessible, high quality, strategy development, transformation and business development consultancy support to help charities and social enterprises across the UK. We then re-invest the majority of our profits to help marginalised young people with care experience, through the delivery of innovative education and employability programmes. Our two key aims are: 1. To increase the aspirations and attainment of disengaged young people, by delivering exceptional educational engagement and employability programmes; and 2. To provide high quality and accessible strategy, business development and transformation consultancy services, to help charities, and social enterprises grow and develop capability; enabling them to deliver their social inclusion programmes to more people who benefit from them. In 2023/24, we focused our social activity on pro-bono consultancy work and delivering ongoing employability and in-work support to our young people, to ensure their continued success in employment beyond Simpact. Education & Employability Programmes Through 2023-24, we continued to deliver our Levelling the Playing Field Programme, focusing on supporting our candidates to secure places in full-time education, to set-up their own businesses and in-work support. - We coached and mentored 2 young people with care experience, working with them fortnightly whilst they were in work and latterly one of which is now in full-time education. - We supported one candidate to secure a place at university. - We supported one candidate to set-up their own business, working to support architectural firms with their online marketing. - We delivered 1-2-1 sessions with the candidates on: setting up a business, financial literacy, workplace behaviours, non-negotiables in a work environment and dealing with conflict in a work environment. Helping charities grow. Our primary focus across both our divisions is exemplary customer service and offering a tangible return on investment; whether that be a financial or social return. We have secured over £16m of contracts and grants for our charity clients in 2023/24 and during this period worked with 12 charities and social enterprises nationally. We have also worked with charities to re-work the operating model of some of their core services, including with Age UK (national) and the Stroke Association. We also provided 10 days pro-bono support for charities across the period, equivalent to £6,500 if billed on a commercial basis. Our overall impact across our education and consultancy activity has been: - Secured over £16m of funding for charities and social enterprises. - Supported 2 young people with care experience to improve their employability skills, as described above.
Drive Forward Foundation (Meetings) Discussions informing our ongoing support for care experienced young people. EarlyBird (Meetings) Advice on understanding how young people we work with can access online (digital modes of delivery) employability, skills + in-work support. Age UK (locals) (Meetings) Advice on understanding the challenges facing developing charities and types of support needed, specifically regarding local commissioning. Mind (locals) (Meetings) Advice on understanding challenges facing charities in their commercial development and local influencing work.
The director (Mark Shields) received remuneration in the year as follows: 2024 - £85,500 (2023 - £104,900). During the year the company paid consultancy fees to Janet Chandler and Rikki Garcia (directors during the year): Janet Chandler received £34,742 for services and £124 for reimbursement of expenses (2023 - £26,831 for services and £1,060 for reimbursement of expenses). Rikki Garcia received £38,831 for services and £559 for reimbursement of expenses (2023 - £63,889 for services and £978 for reimbursement of expenses).
No transfer of assets other than for full consideration
This report was approved by the board of directors on
2 September 2024
And signed on behalf of the board by:
Name: Mark Shields
Status: Director