for the Period Ended 31 May 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 May 2024
Principal activities of the company
Additional information
Small companies exemption This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Directors
The directors shown below have held office during the whole of the period from
4 May 2023
to
31 May 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
13 months to 31 May 2024 | ||
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£ |
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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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Profit(or loss) for the financial year: |
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As at
Notes | 13 months to 31 May 2024 | ||
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Current assets | |||
Debtors: | 3 |
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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: | 4 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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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 May 2024
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 May 2024
13 months to 31 May 2024 | ||
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Average number of employees during the period |
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for the Period Ended 31 May 2024
13 months to 31 May 2024 | ||
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£ | ||
Trade debtors |
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Total |
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for the Period Ended 31 May 2024
13 months to 31 May 2024 | ||
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£ | ||
Trade creditors |
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Other creditors |
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Total |
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The community we benefit is UK charities and social enterprises in the UK. Passion Partnership promotes pro bono partnerships between the not-for-profit (NFP) sector (charities and social enterprises) in the UK & UK communications agencies. This activity benefits the NFP community by enhancing their communications function and therefore their impact. The activity is not limited to any sector or cause although the majority are in the health sector. Typically, the partnerships will be between small to medium sized organisations who are unable to afford paid agency services. Between May 2023 and May 2024 we matched 12 pro bono partnerships and therefore 12 charities benefited from a communications resource free of charge. The time spent by the communications agency was between 50 and 250 hours.
There has been no formal stakeholder consultation held. However, at the end of a pro bono partnership, Passion Partnership facilitates a debrief and stakeholders are asked to complete an Impact Spreadsheet. Data from this spreadsheet is currently being reviewed for inclusion in our first Impact Report which will be available in March, on our website (www.passionpartnership.uk) and via our LinkedIn profile page. There has been no feedback to date which has resulted in a change to our activities.
£600.00 was received as Directors’ renumeration by Jennie Talman and is included in direct costs.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
3 February 2025
And signed on behalf of the board by:
Name: Jennifer Talman
Status: Director