ISLAND SUPPORT SERVICES CIC

Company limited by guarantee

Company Registration Number:
07298429 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

ISLAND SUPPORT SERVICES CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ISLAND SUPPORT SERVICES CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,066 1,422
Total fixed assets: 1,066 1,422
Current assets
Debtors: 4 1,877 3,632
Cash at bank and in hand: 641 21
Total current assets: 2,518 3,653
Creditors: amounts falling due within one year: 5 ( 8,187 ) ( 6,314 )
Net current assets (liabilities): (5,669) (2,661)
Total assets less current liabilities: (4,603) ( 1,239)
Creditors: amounts falling due after more than one year: 6 ( 1,261 ) ( 2,491 )
Total net assets (liabilities): (5,864) (3,730)
Members' funds
Profit and loss account: (5,864) ( 3,730)
Total members' funds: ( 5,864) (3,730)

The notes form part of these financial statements

ISLAND SUPPORT SERVICES CIC

Balance sheet statements

For the year ending 30 June 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 February 2025
and signed on behalf of the board by:

Name: Mr A Casey
Status: Director

The notes form part of these financial statements

ISLAND SUPPORT SERVICES CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

ISLAND SUPPORT SERVICES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 5

ISLAND SUPPORT SERVICES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 4,133 4,133
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 4,133 4,133
Depreciation
At 1 July 2023 2,711 2,711
Charge for year 356 356
On disposals
Other adjustments
At 30 June 2024 3,067 3,067
Net book value
At 30 June 2024 1,066 1,066
At 30 June 2023 1,422 1,422

ISLAND SUPPORT SERVICES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 1,678 1,471
Prepayments and accrued income 199 199
Other debtors 1,962
Total 1,877 3,632

ISLAND SUPPORT SERVICES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 1,230 1,199
Trade creditors 1,848
Taxation and social security 390 117
Other creditors 6,567 3,150
Total 8,187 6,314

ISLAND SUPPORT SERVICES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 1,261 2,491
Total 1,261 2,491

COMMUNITY INTEREST ANNUAL REPORT

ISLAND SUPPORT SERVICES CIC

Company Number: 07298429 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Island Support Services (ISS) have done better this year. We continued to provide flexible high-quality support through a difficult financial year. We have now negotiated an uplift from the local authority, this has and will improve our income in timely fashion for the minimum wage increases beginning in the new fiscal year. We continue to use the outsourced HR company to ensure that we have all P&P's up to date, and we also subscribe to a training provider that has proved invaluable and inexpensive to ensure that staff have access to training on all matters pertaining to social care. An example would be that as we have autistic clients, staff have received the appropriate training. As we have received an uplift, this demonstrates the acknowledgment from our statutory partners that we are an important service for the profoundly deaf community on the Isle of Wight. A recent review with clients resulted in all positive. We have also raised our rates for Interpreting, and although we must compete with larger more corporate 'translating companies', we are very valued at our local NHS Trust as we are known to them to be consistent, reliable and have strong communication links developed over time.

Consultation with stakeholders

Consultation with statutory partners has been ongoing and a financial uplift both with community (LA) and Interpreting (NHS) is the result (action). We view this as clear acknowledgment of appreciation for the services we provide. All involved in our organisation are considered as stakeholders and as such our clients choose who they prefer to work with and appreciate our flexibility and additional support with medical appointments and unsocial hours support should emergencies arise.

Directors' remuneration

The total value of Directors' Remuneration is £25,800 Mrs Jacqueline Casey - £25,800

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 February 2025

And signed on behalf of the board by:
Name: Mrs J Casey
Status: Director