LEARNING A NEW WAY CIC

Company limited by guarantee

Company Registration Number:
13996662 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

LEARNING A NEW WAY CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

LEARNING A NEW WAY CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

Provision of private tuition for both schooled and home educated children; community groups aimed at low income and SEND families.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Samantha McCormick
Penelope Gordon


The director shown below has held office during the period of
1 April 2023 to 30 June 2023

Gemma Spence


The director shown below has held office during the period of
26 June 2023 to 31 March 2024

Shirley Janes


The director shown below has held office during the period of
26 June 2023 to 9 March 2024

Joy Watson-Carr


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
19 December 2024

And signed on behalf of the board by:
Name: Samantha McCormick
Status: Director

LEARNING A NEW WAY CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 12,227 18,250
Cost of sales: 0 0
Gross profit(or loss): 12,227 18,250
Distribution costs: 0 0
Administrative expenses: ( 60,830 ) ( 27,945 )
Other operating income: 48,780 10,157
Operating profit(or loss): 177 462
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 177 462
Tax: ( 33 ) ( 88 )
Profit(or loss) for the financial year: 144 374

LEARNING A NEW WAY CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 36,954 14,747
Investments:   0 0
Total current assets: 36,954 14,747
Prepayments and accrued income: 255 66
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 37,209 14,813
Total assets less current liabilities: 37,209 14,813
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 33 ) ( 88 )
Accruals and deferred income: ( 36,658 ) ( 14,351 )
Total net assets (liabilities): 518 374
Members' funds
Profit and loss account: 518 374
Total members' funds: 518 374

The notes form part of these financial statements

LEARNING A NEW WAY CIC

Balance sheet statements

For the year ending 31 March 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 19 December 2024
and signed on behalf of the board by:

Name: Samantha McCormick
Status: Director

The notes form part of these financial statements

LEARNING A NEW WAY CIC

Notes to the Financial Statements

for the Period Ended 31 March 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 A NEW WAY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 8 3

COMMUNITY INTEREST ANNUAL REPORT

LEARNING A NEW WAY CIC

Company Number: 13996662 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Over the course of April 2023-March 2024, we have found that our direction has changed and we are supporting more families with SEND than originally anticipated. We have run Fun and Food (HAF) SEND only sessions and started the process to be a SEND provider for the council as part of their Framework – this will provide trading income for us which will support the wider organisation, this included funding a pilot project directly with the council. For our low-income families, our Hive group have continued to grow and we introduced a lunch club on a Saturday. These are run as a combination of CIC funded, and using funding from The National Lottery Community Fund and CDCF. We have a combined pool of about 35 children that attend these regularly Our AAP funded YouthZ project has gone well, but will soon be coming to an end and presently it is unsure whether this will continue in it’s present once the funding has been spent or if it will be adapted at all. We continue to provide HAF activities for children in the local areas and receive great feedback from this. We have taken the children on trips and started to introduce new providers to the groups. In Jan 2024 there were changes that could have affected how we operated the HAF system, but as yet we are unable to comment on these changes. Over summer 2023 it was calculated that we provided almost 400 meals for children who were eligible for the scheme. Private tutoring has reduced as Sam’s CIC responsibilities have grown, but our home education provision has grown in-house and we are registered as an AQA UAS Centre which we hope to be a source of trading income over the coming years.

Consultation with stakeholders

We regularly consult with our stakeholders, and have held several stakeholder meetings over the course of the year. We regularly ask for feedback, both generally and in relation to specific projects that are running and have a portfolio of case studies which have been built by direct consultation with the families involved. We have also developed our mailing system over the course of the year to help us keep all families up to date with what is happening in the organisation.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £13,909. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
19 December 2024

And signed on behalf of the board by:
Name: Samantha McCormick
Status: Director