for the Period Ended 30 April 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional 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
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
21 April 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 | ||
---|---|---|
|
£ |
|
Turnover: |
|
|
Cost of sales: |
|
|
Gross profit(or loss): |
|
|
Distribution costs: |
|
|
Administrative expenses: |
(
|
|
Other operating income: |
|
|
Operating profit(or loss): |
|
|
Interest receivable and similar income: |
|
|
Interest payable and similar charges: |
|
|
Profit(or loss) before tax: |
|
|
Tax: |
|
|
Profit(or loss) for the financial year: |
|
As at
Notes | 2024 | ||
---|---|---|---|
|
£ |
||
Fixed assets | |||
Intangible assets: |
|
||
Tangible assets: |
|
||
Investments: |
|
||
Total fixed assets: |
|
||
Current assets | |||
Stocks: |
|
||
Debtors: |
|
||
Cash at bank and in hand: |
|
||
Total current assets: |
|
||
Net current assets (liabilities): |
|
||
Total assets less current liabilities: |
|
||
Creditors: amounts falling due after more than one year: |
|
||
Provision for liabilities: |
|
||
Accruals and deferred income: |
(
|
||
Total net assets (liabilities): |
|
||
Members' funds | |||
Profit and loss account: |
|
||
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
Turnover policy
for the Period Ended 30 April 2024
2024 | ||
---|---|---|
Average number of employees during the period |
|
The company launched a Saturday Korean class, New Malden Korean School, for children of Korean immigrants in June 2023 and has continued to operate it since. The company has concentrated on supporting children of Korean heritage embrace their cultural identity while growing up in the UK, through learning their mother tongue. During the fiscal year 2023-2024, Over 50 students benefited from this initiative. Alongside the general Korean learning programme, the company has offered various extracurricular activities to enhance the effectiveness of education and maintain the children’s interest in learning. These extracurricular sessions include a drama class, which helps students practice speaking Korean and learn various colloquial expressions, as well as a singing class where children sing and dance to Korean nursery rhymes.
The company’s stakeholders include parents and children who aim to preserve their Korean heritage or acquire knowledge of the Korean language and culture. The company holds regular termly meetings with parents to gather feedback and exchange ideas on school operations. Additionally, ad hoc meetings are conducted with teachers and Parent Committee members to discuss and consult on changes to school policies or operational plans. The company directors have maintained open communication with parents to support their children’s adaptation to the Korean school environment. During the fiscal year, the company collaborated with the Parent Committee to explore ways to enhance its financial sustainability of the Korean School. This led to several initiatives, including the ‘Penny Donation Project’, encouraging students to voluntarily donate coins weekly, and a plan to increase tuition fees by 10%. The plan was proposed by the Parent Committee, which the directors believe is a testament to the value created by the company for the local Korean community.
The directors currently do not receive any remuneration unless they also serve as teachers and the headteacher. Two directors who take on teaching responsibilities, an agreed rate of £14 per hour is paid. The total teaching workload amounts to 4 hours per week. A director serving as the headteacher is paid £300 per month for full-time work.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
14 January 2025
And signed on behalf of the board by:
Name: Hyangkue Lee
Status: Director