LEARNING KEYS CIC

Company limited by guarantee

Company Registration Number:
14675215 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 20 February 2023

End date: 28 February 2024

LEARNING KEYS CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

LEARNING KEYS CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024


£
Turnover: 8,705
Gross profit(or loss): 8,705
Administrative expenses: ( 9,436 )
Operating profit(or loss): (731)
Profit(or loss) before tax: (731)
Profit(or loss) for the financial year: (731)

LEARNING KEYS CIC

Balance sheet

As at 28 February 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 1,614
Total current assets: 1,614
Net current assets (liabilities): 1,614
Total assets less current liabilities: 1,614
Total net assets (liabilities): 1,614
Members' funds
Profit and loss account: 1,614
Total members' funds: 1,614

The notes form part of these financial statements

LEARNING KEYS CIC

Balance sheet statements

For the year ending 28 February 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 November 2024
and signed on behalf of the board by:

Name: Simone Lindsay
Status: Director

The notes form part of these financial statements

LEARNING KEYS CIC

Notes to the Financial Statements

for the Period Ended 28 February 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

LEARNING KEYS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

LEARNING KEYS CIC

Company Number: 14675215 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

Learning Keys CIC, a supplementary school operating at Pollards Hill Library, has had a profound impact on the community through its free reading program and tailored tuition sessions for primary aged children. The organization supports students struggling with phonics, reading, spelling, and comprehension, while also inspiring enthusiasm and confidence in learning. Parents report significant improvements in children’s reading levels, comprehension, and vocabulary building, with many children developing a newfound enjoyment of reading which is a crucial factor linked to higher academic achievement. The tuition program has fostered a high level of eagerness among children to attend sessions, read decodable books, and engage actively in their educational progress. There is strong optimism for the success of participating children in upcoming phonics and SATS assessments, reflecting the program's effectiveness. Feedback from parents highlights the program’s dual benefits of structured learning and promoting library exploration, offering a much-needed resource for the community's children to thrive academically and developmentally.

Consultation with stakeholders

The company’s stakeholders are pupils from nearby primary schools of and visitors to Merton(from neighbouring boroughs in the surrounding area). We gave feedback forms to parents using the supplementary school for the first time to fill in a short questionnaire about their child’s experience. This has helped us to build up a profile of local consumers’ needs and what we can do to meet them more effectively. Our research has enabled us to identify that there are about 120 households in the village without access to cars or where residents have impaired mobility, and a further 200 or so households who now use the shop for at least 40 per cent of their grocery shopping. We encourage those working in the shop to pick up ideas for the business when talking to customers and we keep a “suggestions box” for customers to provide details of products which they would like to see stocked in the shop.

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 November 2024

And signed on behalf of the board by:
Name: Simone Lindsay
Status: Director