for the Period Ended 30 April 2024
Directors report | |
Profit and loss | |
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 30 April 2024
Directors
The directors shown below have held office during the whole of the period from
1 May 2023
to
30 April 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
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
( |
( |
Distribution costs: |
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Administrative expenses: |
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(
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Other operating income: |
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Operating profit(or loss): |
( |
( |
Interest receivable and similar income: |
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Interest payable and similar charges: |
(
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(
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Profit(or loss) before tax: |
( |
( |
Tax: |
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Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Intangible assets: | 3 |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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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: | 4 |
(
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(
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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: | 5 |
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(
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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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Members' funds | |||
Profit and loss account: |
( |
( |
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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 30 April 2024
Basis of measurement and preparation
for the Period Ended 30 April 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 April 2024
Goodwill | Other | Total | |
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Cost | £ | £ | £ |
At 1 May 2023 |
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Additions |
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Disposals |
(
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(
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Revaluations | |||
Transfers | |||
At 30 April 2024 |
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Amortisation | |||
At 1 May 2023 |
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Charge for year |
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On disposals |
(
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(
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Other adjustments | |||
At 30 April 2024 |
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Net book value | |||
At 30 April 2024 |
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At 30 April 2023 |
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for the Period Ended 30 April 2024
2024 | 2023 | |
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£ | £ | |
Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 30 April 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Total |
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Porcupine Collective CIC has had an extremely challenging year. Following the re-engineering of the Alternative CV platform to increase gross margin and widen its appeal to broader target audiences, the Future Builder product has continued to prove a difficult sell. Despite the offer of free licences to multiple schools and colleges in disadvantaged areas to generate interest, provide valuable case studies, and open opportunities for future sales, only one school took up the offer due to a lack of dedicated careers officers, teacher time constraints, and existing solutions already in place. Whilst that one school found value in the programme, its students fed back that it took too long, so they did not wish to continue with a paid programme. Free Future Builder licenses were also given to several charities, including Talent Tap and FairShare Greater Manchester, to trail with their beneficiaries and staff before potentially buying licenses, but adoption was extremely slow and didn't result in sales. Following the sale of 50 licenses to Clwyd Alyn PLC for use within HR and other departments for the purposes of career planning, succession planning, candidate applicability and teambuilding, and support of Project Search ((with Flintshire CC/HFT) and Mind The Gap)), adoption has very been slow, so there has been no need for additional license purchases.
The Company stakeholders are now: Young people over the age of 16 Young adults School and College leavers University leavers Those lacking traditional qualifications and/or work experience Those defined as NEETs Veterans seeking employment on leaving the armed forces Re-housed individuals seeking employment after a period of homelessness Individuals leaving prison/custody ad seeking a new life Those constrained by social prejudice Parents and carers returning to the workplace Retirees and those seeking a second career Those suffering from autism and other learning disabilities, this is leveraging the experience of Clywd Alyn in their roll out Employees of companies or organisations that are keen to ensure their employees are well placed or given the opportunity to develop in new directions whilst remaining in their employment, this leveraging the experience of Clwyd Alyn in their use of Future Builder. Over the last twelve months we have continued to hold meetings, conference calls and attended networks of charitable and statutory partners working to improve lifelong outcomes for young people, returning citizens and other disadvantaged groups who are transitioning from their current situation to education, training and employment. We have provided support to young people through funded licences to a number of organisations supporting our key stakeholders, in order to understand what needs to be improved and get feedback on the process. These organisations include Fairshare Greater Manchester; The Talent Tap; The Careers and Social Mobility Team at the London Borough of Tower Hamlets; and The Oratory School in Reading. The Porcupine Collective CIC has received limited feedback for the programme and user experience as uptake and implementation has been very slow, and in some cases, non-existent, despite regular calls and the provision of licenses.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
4 June 2024
And signed on behalf of the board by:
Name: Alison O'Leary
Status: Director