PASSION 4 SOCIAL CIC

Company limited by guarantee

Company Registration Number:
SC600980 (Scotland)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

PASSION 4 SOCIAL 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

PASSION 4 SOCIAL 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

Directors

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

Thiago Ribeiro DO CARMO
Pavandeep Kaur STEWART
Mr Nicolas CLARKE
Ms Tasnim TUDOR
Mr Campbell John URE
Ms Kari Michele WILLIAMS


The director shown below has held office during the period of
1 July 2023 to 14 July 2023

Mr Victor William BAXTER


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
24 March 2025

And signed on behalf of the board by:
Name: Pavandeep Kaur STEWART
Status: Director

PASSION 4 SOCIAL CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 192,762 172,720
Cost of sales: ( 8,800 ) ( 25,133 )
Gross profit(or loss): 183,962 147,587
Administrative expenses: ( 172,732 ) ( 145,878 )
Operating profit(or loss): 11,230 1,709
Interest payable and similar charges: ( 2,772 ) ( 3,472 )
Profit(or loss) before tax: 8,458 (1,763)
Profit(or loss) for the financial year: 8,458 (1,763)

PASSION 4 SOCIAL CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,236 972
Total fixed assets: 1,236 972
Current assets
Debtors: 4 26,687 11,858
Cash at bank and in hand: 24,626 28,124
Total current assets: 51,313 39,982
Creditors: amounts falling due within one year: 5 ( 36,693 ) ( 22,240 )
Net current assets (liabilities): 14,620 17,742
Total assets less current liabilities: 15,856 18,714
Creditors: amounts falling due after more than one year: 6 ( 36,366 ) ( 47,682 )
Total net assets (liabilities): (20,510) (28,968)
Members' funds
Profit and loss account: (20,510) ( 28,968)
Total members' funds: ( 20,510) (28,968)

The notes form part of these financial statements

PASSION 4 SOCIAL 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 24 March 2025
and signed on behalf of the board by:

Name: Pavandeep Kaur STEWART
Status: Director

The notes form part of these financial statements

PASSION 4 SOCIAL 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment 3 years

PASSION 4 SOCIAL CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 8 8

PASSION 4 SOCIAL 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 1,666 1,666
Additions 867 867
Disposals
Revaluations
Transfers
At 30 June 2024 2,533 2,533
Depreciation
At 1 July 2023 694 694
Charge for year 603 603
On disposals
Other adjustments
At 30 June 2024 1,297 1,297
Net book value
At 30 June 2024 1,236 1,236
At 30 June 2023 972 972

PASSION 4 SOCIAL CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 24,252 4,921
Prepayments and accrued income 2,435 6,937
Total 26,687 11,858

PASSION 4 SOCIAL 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 491 450
Taxation and social security 432 5,132
Accruals and deferred income 20,053 11,560
Other creditors 15,717 5,098
Total 36,693 22,240

PASSION 4 SOCIAL 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 36,366 47,682
Total 36,366 47,682

COMMUNITY INTEREST ANNUAL REPORT

PASSION 4 SOCIAL CIC

Company Number: SC600980 (Scotland)

Year Ending: 30 June 2024

Company activities and impact

Passion 4 Social CIC is a social enterprise offering accessibility and creative marketing services to the public, private and third sectors. The creative agency provides graphic design, web design, web/app development, content creation and management, digital marketing, search engine optimisation (SEO), analytics, and website accessibility audit services. The social mission of the company is to create sustainable employment opportunities, whilst providing training and upscaling career opportunities within an equality framework, for disabled and disadvantaged people or those with long-term health conditions, which contribute to their feelings of inclusion, health, wellbeing, and quality of life. The organisation has a flexible business model that enables people to work, how and when they can, in a way that puts their creativity, care and health to the forefront. A social impact report covering the year 2024 is available to download on the company website.

Consultation with stakeholders

Our stakeholders are our directors, employees, freelancers, service users, suppliers, partners, and creditors. To fulfil our objectives and to ensure the continual improvement of the organisation, we maintain essential lines of communication with all stakeholders. For instance, quarterly board meetings with all directors and monthly meetings with all employees. Furthermore, due to the diversity and varied requirements within the team, various avenues of communication have been developed and are used with a view to best cater for all. This is constantly monitored, and the effectiveness of communications is managed through an open and ongoing 360 feedback approach. Feedback forms are issued to clients after projects have been completed and regular contact is made with clients throughout the project process. A support service is also provided after project completion. Feedback is requested for online seminars and workshops using feedback forms. The community is also kept updated via our website and Social Media platforms. Where feedback has been positive, that element has been maintained and if it’s been negative, that area has been improved.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by the (2023:7) directors in respect of qualifying services was £77,413 (2023: £66,000). 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
24 March 2025

And signed on behalf of the board by:
Name: Pavandeep Kaur STEWART
Status: Director