RESULT COACHING AND TRAINING CIC

Company limited by guarantee

Company Registration Number:
08096008 (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

RESULT COACHING AND TRAINING CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

RESULT COACHING AND TRAINING CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

coaching and training



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Jane Cordell
Hormoz Ahmadzadeh
Saif Salem Ali


Secretary Jane Cordell

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
21 March 2025

And signed on behalf of the board by:
Name: Jane Cordell
Status: Secretary

RESULT COACHING AND TRAINING CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 187,580 188,666
Cost of sales: ( 219,284 ) ( 232,603 )
Gross profit(or loss): (31,704) (43,937)
Administrative expenses: ( 45,615 ) ( 15,318 )
Other operating income: 117,083 79,826
Operating profit(or loss): 39,764 20,571
Profit(or loss) before tax: 39,764 20,571
Tax: ( 6,781 ) ( 3,909 )
Profit(or loss) for the financial year: 32,983 16,662

RESULT COACHING AND TRAINING CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 4,076 0
Total fixed assets: 4,076 0
Current assets
Debtors: 4 1,410
Cash at bank and in hand: 89,845 70,191
Total current assets: 89,845 71,601
Creditors: amounts falling due within one year: 5 ( 28,539 ) ( 39,202 )
Net current assets (liabilities): 61,306 32,399
Total assets less current liabilities: 65,382 32,399
Total net assets (liabilities): 65,382 32,399
Members' funds
Profit and loss account: 65,382 32,399
Total members' funds: 65,382 32,399

The notes form part of these financial statements

RESULT COACHING AND TRAINING 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.

This report was approved by the board of directors on 21 March 2025
and signed on behalf of the board by:

Name: Jane Cordell
Status: Director

The notes form part of these financial statements

RESULT COACHING AND TRAINING 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

    Turnover policy

    urnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Office equipment 15% straight line

    Other accounting policies

    Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

RESULT COACHING AND TRAINING CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

RESULT COACHING AND TRAINING 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 0 0
Additions 4,796 4,796
Disposals
Revaluations
Transfers
At 30 June 2024 4,796 4,796
Depreciation
At 1 July 2023 0 0
Charge for year 720 720
On disposals
Other adjustments
At 30 June 2024 720 720
Net book value
At 30 June 2024 4,076 4,076
At 30 June 2023 0 0

RESULT COACHING AND TRAINING CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 1,410
Total   1,410

RESULT COACHING AND TRAINING CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 20,617 21,751
Taxation and social security 6,782 3,909
Accruals and deferred income 1,140 13,542
Total 28,539 39,202

COMMUNITY INTEREST ANNUAL REPORT

RESULT COACHING AND TRAINING CIC

Company Number: 08096008 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

This year Result CIC has continued delivering coaching and training services to a number of organisations and individuals, all of whom fit within our target market of working with minority groups, people disadvantaged within society as well as managers working with such groups: -Continuing and completion of our largest ever leadership programme working with dis-abled mid/senior level civil servants (DELTA). The expansion of this work has been partially responsible for the healthy growth of our company. -Continued associate coaching work with Koreo on a leadership contract for Big Local. -Big Lottery funded programme for social enterprise entrepreneurs from refugee back-grounds in partnership with TERN and Social Enterprise UK. Second year of a 3 year funded programme We carried out a significant amount of new work: -Step Change Consortium: a leadership programme with leaders of Greater Manches-ter Organisations working with asylum seekers and refugees. -Design and delivery of Equity, Diversity and Inclusion Awareness training for all front-line staff at 42nd Street mental health charity. -NHS Greater Manchester: D/deaf co-production development to improve access for health services. -Social consultancy and training of the board and staff at Asylum Support Appeals Project (ASAP). Our Inclusion Fund providing free coaching for some high-need individuals and was used to support a people who would not otherwise be able to use such services. The level of activity grew in this area due to increased demand. Our work provides personal and professional development through group training courses and 1-1 coaching support. Our fees are flexible to allow access to our services for those who otherwise would be unable to pay.

Consultation with stakeholders

Our stakeholders are our funders, and the organisations and individuals that we work with. All of the projects that we have worked on have been developed with the customer and tailored to each different set of requirements. At the end of each project, we invite participants to comment on our service with a view to learning and developing. We also carry out pre and post evaluation during our workshops which show both the quantitative and qualitative value gained from the experience. The results have been consistently positive, and several clients have requested further work from us based on these strong results.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 March 2025

And signed on behalf of the board by:
Name: Jane Cordell
Status: Director