PORCUPINE COLLECTIVE C.I.C.

Company limited by guarantee

Company Registration Number:
11825350 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

PORCUPINE COLLECTIVE C.I.C.

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

PORCUPINE COLLECTIVE C.I.C.

Directors' report period ended 30 April 2024

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

Mr Jeremy Jackson
Ms Alison O'Leary


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
4 June 2024

And signed on behalf of the board by:
Name: Ms Alison O'Leary
Status: Director

PORCUPINE COLLECTIVE C.I.C.

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 100 780
Cost of sales: ( 10,511 ) ( 3,891 )
Gross profit(or loss): (10,411) (3,111)
Distribution costs: 0 0
Administrative expenses: ( 257 ) ( 330 )
Other operating income: 0 0
Operating profit(or loss): (10,668) (3,441)
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 137 ) ( 79 )
Profit(or loss) before tax: (10,805) (3,520)
Tax: 0 0
Profit(or loss) for the financial year: (10,805) (3,520)

PORCUPINE COLLECTIVE C.I.C.

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 0 10,130
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 10,130
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 0 1,513
Investments:   0 0
Total current assets: 0 1,513
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 18,690 ) ( 17,414 )
Net current assets (liabilities): (18,690) (15,901)
Total assets less current liabilities: (18,690) ( 5,771)
Creditors: amounts falling due after more than one year: 5 0 ( 2,384 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (18,690) (8,155)
Members' funds
Profit and loss account: (18,690) ( 8,155)
Total members' funds: ( 18,690) (8,155)

The notes form part of these financial statements

PORCUPINE COLLECTIVE C.I.C.

Balance sheet statements

For the year ending 30 April 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 4 June 2024
and signed on behalf of the board by:

Name: Ms Alison O'Leary
Status: Director

The notes form part of these financial statements

PORCUPINE COLLECTIVE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 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

PORCUPINE COLLECTIVE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

PORCUPINE COLLECTIVE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 May 2023 16,115 16,115
Additions 0 0
Disposals ( 16,115 ) ( 16,115 )
Revaluations
Transfers
At 30 April 2024 0 0
Amortisation
At 1 May 2023 5,985 5,985
Charge for year 0 0
On disposals ( 5,985 ) ( 5,985 )
Other adjustments
At 30 April 2024 0 0
Net book value
At 30 April 2024 0 0
At 30 April 2023 10,130 10,130

PORCUPINE COLLECTIVE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 180 180
Other creditors 18,510 17,234
Total 18,690 17,414

PORCUPINE COLLECTIVE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 0 2,384
Total 0 2,384

COMMUNITY INTEREST ANNUAL REPORT

PORCUPINE COLLECTIVE C.I.C.

Company Number: 11825350 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

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.

Consultation with stakeholders

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.

Directors' remuneration

No remuneration was received

Transfer of assets

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