for the Period Ended 31 August 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 August 2024
Directors
The directors shown below have held office during the whole of the period from
1 September 2023
to
31 August 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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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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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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Accruals and deferred income: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Total Shareholders' funds: |
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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 August 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 August 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 August 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 September 2023 |
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At 31 August 2024 |
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Depreciation | ||||||
At 1 September 2023 |
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Charge for year |
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On disposals | ||||||
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At 31 August 2024 |
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Net book value | ||||||
At 31 August 2024 |
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At 31 August 2023 |
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for the Period Ended 31 August 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Other debtors |
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Total |
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for the Period Ended 31 August 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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The company runs the “World of Work Project” (TWOWP), a small organization delivering learning and development services and workforce consultancy services based in Edinburgh. The ambition is to improve individual’s experience work and increase access to high-quality training and support for individuals and small organisations, especially in Scotland. TWOWP was incorporated in August,2019, and became a CIC in August, 2020. As a CIC, our goal is to offer free services to individuals and very small charities, discounted services to smaller organisations and a full range of services and full price to larger, for-profit organizations to help fund free and reduced cost services for smaller and not-for-profit organizations. During the financial year 2023-2024, in addition to work delivered on commercial terms, TWOWP has benefitted the community in the following ways: Discounted Services for SME’s, non-profit organisations and charities Discounted Services - Throughout the year we have undertaken workshops, seminars and consulting work at discounted prices and pro bono for charities, non-profits and small or micro-organisations. The aggregated value of discounted work was £29,390 worth of services at the cost of £16,166 to the small, micro and non-profit clients. As we develop our impact record keeping further, we expect this value to increase year on year. Charity Sector Workshops - 2 online-workshops for leaders in the Scottish Charity sector. In total 30 Scottish Charity leaders attended these sessions. These session were offered at subsidised pricing and had a commercial value of £4,800 but were offered based on a subsidised ticket basis totalling £856. At these sessions we contributed to the development of these leaders and their charities, and also heard from them about the challenges they are facing. Free, “Open to All” resources Podcasts – The 150+ episode back catalogue continues to be available at no charge and an additional 10 episodes were added during the 2023 24 year. During the 12 months there were an estimated 26,326 unique downloads. Seminars and Workshops – 17 open, online events were delivered with 1981 free tickets were booked and attendance rates averaged just over 20%. this means over 396 session attendances were made possible at no cost to the attendee and around 20 hours of content and resources were shared. This has a commercial value of between £15,000 and £21,000. Sessions covered the following topics, all with the aim of improving peoples experience of work: Motivation theory, Communicating to Connect, Foundations of Leading & Managing, Psychological Safety, Managing Demands and Saying No, Power and Inclusion in work, Receiving and Giving Feedback, Remote Management, Goalsetting Workshop, Trust and Social Threats at Work, Understanding Your Personal Values & Strengths Sponsored Development Programme Places 5 individuals from non-profit organisations and micro-businesses each received a place on the 2024 Connected Management Programme at no charge. (£4,750) These stats were taken from Eventbrite and Libsyn – both platforms where the organisation offer open ticket and podcast access
TWOWP works to support individuals who are in work in the UK, particularly in Scotland and particularly those in smaller or not-for profit organizations. To gain an insight into the challenges faced by our stakeholders we use four types of evidence in line with evidence-based practice relevant to our work: Professional expertise: the judgement of practitioners. We continue to use the podcast as an opportunity to explore key issues for managers with a range of experts and those with lived experience of workplace issues. We attend industry events, host online round tables for a mix of practitioners and HR professionals. Scientific literature: published studies on relevant topics We explore and update our knowledge and understanding of the research relevant to our beneficiaries and workplaces. We do this informally, through research for our content and through our continued CPD and formal qualifications relating to professional development. Evidence from organisations: Data on people’s behaviours in workplaces We regularly explore information available in the private sector, from government sources and from organisations aggregating and comparing UK and international data on topics such as turnover intention, staff wellbeing, satisfaction, employment and other key statistics related to people’s interaction with and at work. Evidence from stakeholders, community members or beneficiaries We social media platforms and the podcast to ask questions about workplace challenges and invite people to submit or share their issues and challenges and where they need support We hold broader discussions on an annual basis with senior staff at our client organisations to understand their experiences, We conduct entry and exit surveys for our development programmes to identify themes in the challenges people face
In total, £1,517 of salary was paid to the directors of TWOWP in this financial year, and a further £1,517 was paid in pension to the directors of TWOWP in this financial year. No other remuneration was received by the directors in this reporting year.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
13 November 2024
And signed on behalf of the board by:
Name: James Carrier
Status: Director