for the Period Ended 31 January 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 31 January 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 February 2023
to
31 January 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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Gross profit(or loss): |
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Administrative expenses: |
(
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(
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Operating profit(or loss): |
( |
( |
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 | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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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: | 6 |
(
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(
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Provision for liabilities: |
(
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(
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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 31 January 2024
Basis of measurement and preparation
for the Period Ended 31 January 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 January 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 February 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 January 2024 |
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Depreciation | ||||||
At 1 February 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 January 2024 |
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Net book value | ||||||
At 31 January 2024 |
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At 31 January 2023 |
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for the Period Ended 31 January 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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for the Period Ended 31 January 2024
2024 | 2023 | |
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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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for the Period Ended 31 January 2024
2024 | 2023 | |
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£ | £ | |
Other creditors |
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Total |
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The principal activity of Learnest CIC continues to be delivering workshops, training, and development opportunities for LGBTQ+ people across the UK. Our commercial services, designed to support clients in building inclusive workplaces, remain essential. The revenue from these activities, together with generous grant funding, allows us to focus on initiatives that directly serve the LGBTQ+ community. For the 2023-24 financial year, our primary focus was on "Our House" – a dedicated, permanent LGBTQ+ hub space in Wakefield. This hub aims to be a welcoming, safe environment for the local LGBTQ+ community. In December of 2023 we found out we would lose our venue, we rallied the support of over 40 volunteers from the Wakefield area, who contributed time and energy to help build and shape the project. Although we faced unexpected setbacks and logistical challenges, our team effectively managed these, resulting in the steady growth of "Our House" as a community asset. With the steadfast support of our funders and partners, we successfully hosted over 30 LGBTQ+ cultural events and safe-space gatherings within "Our House" throughout the year, offering a blend of social, educational, and supportive activities tailored to the needs of the LGBTQ+ community. This engagement, along with our cafe, reached over 2,000 local people, strengthening the visibility and inclusivity of LGBTQ+ voices in Wakefield and surrounding areas. Our advocacy programme continued to provide critical support, helping 12 individuals facing significant personal challenges. This initiative remains an invaluable resource for those who require specialised, compassionate assistance tailored to their specific situations. Through these efforts, we’ve not only enhanced our outreach but also cemented "Our House" as a focal point for community support, fostering resilience and belonging within Wakefield’s LGBTQ+ community.
We actively gather feedback from our stakeholders, including both our commercial clients and the LGBTQ+ community, after each intervention, workshop, or event. In addition, we conduct an annual community survey to capture the evolving needs and perspectives of our primary beneficiaries, the LGBTQ+ community. Since our launch in 2019, feedback has consistently highlighted the lack of sober LGBTQ+ spaces and in-person venues as a significant challenge, contributing to loneliness and isolation within the community. Responding to this feedback, we expanded our efforts in 2023 with the continued development of "Our House," our dedicated LGBTQ+ centre in Wakefield, West Yorkshire. Opened in August 2022, "Our House" has grown into a vibrant hub, providing a safe space for community gatherings, skill-building, and social connection. This year alone, it supported over 2,000 local residents and visitors, offering a mix of social events, workshops, and support services. This financial year we have made efforts to develop a community board made up of local LGBTQ+ people to provide feedback and direction for the space, this achieved limited success and is an initiative we hope to develop further in the current years as we make our home in a new venue.
Our director Louie Faro was paid through payroll. Our other directors did not receive any remuneration in this financial year. There were no other transactions or arrangements in connection with remuneration of directors, or compensation for the director's loss of office, which would be required to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
28 October 2024
And signed on behalf of the board by:
Name: Louie Faro
Status: Director