STREAMS LEARNING HUB CIC

Company limited by guarantee

Company Registration Number:
14890192 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 24 May 2023

End date: 31 May 2024

STREAMS LEARNING HUB CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

STREAMS LEARNING HUB CIC

Directors' report period ended 31 May 2024

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

Additional information

Statement of Directors' Responsibilities The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.



Directors

The directors shown below have held office during the whole of the period from
24 May 2023 to 31 May 2024

Mrs Fabienne Vailes
Dr Caroline Clark
Dr Joanna Sweetland


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
17 February 2025

And signed on behalf of the board by:
Name: Dr Caroline Clark
Status: Director

STREAMS LEARNING HUB CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024


£
Turnover: 17,303
Cost of sales: ( 5,673 )
Gross profit(or loss): 11,630
Administrative expenses: ( 11,520 )
Operating profit(or loss): 110
Profit(or loss) before tax: 110
Tax: ( 29 )
Profit(or loss) for the financial year: 81

STREAMS LEARNING HUB CIC

Balance sheet

As at 31 May 2024

Notes 2024


£
Current assets
Debtors: 3 532
Cash at bank and in hand: 6,139
Total current assets: 6,671
Creditors: amounts falling due within one year: 4 ( 6,590 )
Net current assets (liabilities): 81
Total assets less current liabilities: 81
Total net assets (liabilities): 81
Members' funds
Profit and loss account: 81
Total members' funds: 81

The notes form part of these financial statements

STREAMS LEARNING HUB CIC

Balance sheet statements

For the year ending 31 May 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 17 February 2025
and signed on behalf of the board by:

Name: Dr Caroline Clark
Status: Director

The notes form part of these financial statements

STREAMS LEARNING HUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

    Turnover policy

    Turnover Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in surplus or deficit for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively. Government Grant Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned. All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.

STREAMS LEARNING HUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024
    Average number of employees during the period 6

STREAMS LEARNING HUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

2024
£
Other debtors 532
Total 532

STREAMS LEARNING HUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024
£
Trade creditors 47
Taxation and social security 29
Accruals and deferred income 4,078
Other creditors 2,436
Total 6,590

STREAMS LEARNING HUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Financial Commitments

Company limited by guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

COMMUNITY INTEREST ANNUAL REPORT

STREAMS LEARNING HUB CIC

Company Number: 14890192 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Streams Learning Hub CIC was incorporated in May 2023 with a mission to provide a safe, inclusive, and dynamic space where young people can gather, learn, and connect through both in-person workshops and online educational opportunities. In September 2023, we launched our pilot programme of innovative, project-based learning sessions for young people in Bristol, with a particular focus on supporting neurodivergent and home-educated learners. During this pilot phase, operating three days per week during term time, we engaged over 30 learners through around 150 workshops and events. These sessions covered a broad range of subjects including STEM, creative arts, languages, and entrepreneurship, and helped develop essential skills such as creativity, critical thinking, and resilience. By developing collaborations with local partners and providers, including the University of Bristol, Jamaica Street Studios, Global Goals Centre, and Science Creates, we have been able to significantly enhance community engagement and improved the learning and wellbeing outcomes for our young people. This successful pilot has laid a robust foundation for our future development and increased impact.

Consultation with stakeholders

Our key stakeholders include: Learners who attend the Hub and participate in our events; Parents and carers of the learners; Hub Staff and volunteers; Community partners and providers. Throughout the financial year, we have held regular consultations through feedback surveys, informal parent gatherings, group discussions, and one-to-one sessions with learners. The insights gathered from these consultations have been used to guide the development of our programme and workshop structures. For examples, based on stakeholder feedback, we have introduced more choice in our structured sessions to support diverse learning needs and refined our project-based learning approach to address real-world challenges effectively. Input from community partners and learning providers has further ensured that our offerings remain aligned with the needs of the community. We continue to prioritise ongoing engagement and co-creation with all stakeholders, ensuring that the voices of our learners and their families are at the heart of what we offer.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £975. 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
17 February 2025

And signed on behalf of the board by:
Name: Dr Caroline Clark
Status: Director