BEANSTALK SKILLS ACADEMY CIC

Company limited by guarantee

Company Registration Number:
13475453 (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

BEANSTALK SKILLS ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BEANSTALK SKILLS ACADEMY 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

Ms Loraine Campbell
Mr Cameron Karri
Ms Kerry Stevens
Mrs Christine Webb


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: Ms Kerry Stevens
Status: Director

BEANSTALK SKILLS ACADEMY CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,714 1,763
Total fixed assets: 1,714 1,763
Current assets
Debtors: 4 4,219 2,535
Cash at bank and in hand: 11,505 570
Total current assets: 15,724 3,105
Creditors: amounts falling due within one year: 5 ( 15,021 ) ( 1,644 )
Net current assets (liabilities): 703 1,461
Total assets less current liabilities: 2,417 3,224
Creditors: amounts falling due after more than one year: 6 ( 165 )
Provision for liabilities: ( 125 )
Total net assets (liabilities): 2,292 3,059
Members' funds
Profit and loss account: 2,292 3,059
Total members' funds: 2,292 3,059

The notes form part of these financial statements

BEANSTALK SKILLS ACADEMY 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 24 March 2025
and signed on behalf of the board by:

Name: Ms Kerry Stevens
Status: Director

The notes form part of these financial statements

BEANSTALK SKILLS ACADEMY 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 fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures & Fittings 20% Reducing balance Computer Equipment 20% straightline

BEANSTALK SKILLS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 1

BEANSTALK SKILLS ACADEMY 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 149 2,723 2,872
Additions 147 499 646
Disposals
Revaluations
Transfers
At 30 June 2024 296 3,222 3,518
Depreciation
At 1 July 2023 41 1,068 1,109
Charge for year 51 644 695
On disposals
Other adjustments
At 30 June 2024 92 1,712 1,804
Net book value
At 30 June 2024 204 1,510 1,714
At 30 June 2023 108 1,655 1,763

BEANSTALK SKILLS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 1,902
Prepayments and accrued income 3,775 377
Other debtors 444 256
Total 4,219 2,535

BEANSTALK SKILLS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 165 199
Trade creditors 343 37
Taxation and social security 1,978 0
Accruals and deferred income 12,535 1,408
Total 15,021 1,644

BEANSTALK SKILLS ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

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

  2023
  £
Amounts due under finance leases and hire purchase contracts 165
Total   165

COMMUNITY INTEREST ANNUAL REPORT

BEANSTALK SKILLS ACADEMY CIC

Company Number: 13475453 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Beanstalk Skills Academy CIC (previously Business Centre CIC) is pleased to present our impact report for the year 1st July 2023 to 30th June 2024. This report outlines our key achievements and highlights our engagement with stakeholders to address community needs effectively. We address unemployment and economic inactivity in Lancashire by engaging directly with hard-to-reach groups through informal and non-intimidating sessions, such as cookery workshops. These workshops create a relaxed environment allowing people to connect without the pressure of formal commitment. Through casual conversations, we start to understand each person's unique challenges and introduce them to our employability programmes. This includes one-to-one mentoring and collaborative wrap-around pastoral support, effectively addressing root causes like low self-esteem and distrust. Key Achievements (1st July 2023 to 30th June 2024) - Employment and Skills Support: Supported 67 people through our Employment and Skills programmes. - Progression to Employment, Education, and Training: 64% of participants who completed our Employment and Skills programmes moved into employment, education, training, or volunteering. - Improved WorkStar Outcomes: 93% of participants demonstrated improvements in key WorkStar outcome areas, reflecting personal growth and increased employability. - Business Support: Provided tailored support to 27 business owners, helping to create or secure 23 jobs. - Course Delivery: Delivered 11 different courses or events attended by nearly 150 people. To keep our services relevant and impactful, we collect feedback from all participants. For our employment and skills programmes, we use the Outcome Star framework, specifically the WordStar tool, to track progress and assess outcomes. This structured approach helps us to continuously improve our services to better meet community needs.

Consultation with stakeholders

Stakeholder engagement is an ongoing process for Beanstalk. Our ability to engage with key stakeholders has been essential to our success. We maintain strong working relationships with partners such as Preston City Council, Lancashire County Council, and housing associations like Community Gateway Association and Onward Homes. Their continued support and contract renewals reflect their confidence in our ability to deliver measurable outcomes. We actively listen to the community’s needs through continuous consultation with local residents, councillors, and community organisations. This proactive approach has allowed us to identify emerging needs and develop targeted solutions. One such example is our response to feedback from community members and stakeholders regarding older adults seeking meaningful activities. Discussions with Preston City Council, other key community organisations, and local councillors highlighted the lack of opportunities for older adults to remain active and engaged in their communities. This insight prompted Beanstalk to establish a steering group focused on creating a senior skills provision. This provision aims to offer older adults the chance to learn new skills, connect socially, and contribute meaningfully to society. Our stakeholder engagement extends to formal partnerships with organisations such as the Social Enterprise Lancashire Network (SELNET). Through collaborative meetings, we have secured roles as delivery partners for the UKSPF Invest in Youth and Move Forward Employability Programmes in Preston, as well as the Boost Flying Start Business Advisory provision for pre-start and early-stage business owners in Lancashire. These partnerships enable us to reach more people and expand the range of support we offer.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £28543. 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: Kerry Stevens
Status: Director