SOCIAL ENTERPRISE ACUMEN CIC

Company Registration Number:
07245624 (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

SOCIAL ENTERPRISE ACUMEN 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

SOCIAL ENTERPRISE ACUMEN 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

to support social entrepreneurs and social enterprises through training and consultancy



Directors

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

Katherine Welch
Victoria Burnip


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
25 March 2025

And signed on behalf of the board by:
Name: Katherine Welch
Status: Director

SOCIAL ENTERPRISE ACUMEN CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 112,364 99,852
Cost of sales: ( 117,819 ) ( 103,219 )
Gross profit(or loss): (5,455) (3,367)
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): (5,455) (3,367)
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 112 ) ( 97 )
Profit(or loss) before tax: (5,567) (3,464)
Tax: 0
Profit(or loss) for the financial year: (5,567) (3,464)

SOCIAL ENTERPRISE ACUMEN CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Called up share capital not paid: 2 2
Fixed assets
Tangible assets:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 26,929
Cash at bank and in hand: 612 565
Total current assets: 27,541 565
Creditors: amounts falling due within one year: 4 ( 25,563 ) ( 7,867 )
Net current assets (liabilities): 1,978 (7,302)
Total assets less current liabilities: 1,980 ( 7,300)
Creditors: amounts falling due after more than one year: 5 ( 20,527 ) ( 23,676 )
Total net assets (liabilities): (18,547) (30,976)
Capital and reserves
Called up share capital: 2 2
Other reserves: (12,982) (27,512 )
Profit and loss account: (5,567 ) (3,466 )
Total Shareholders' funds: ( 18,547 ) (30,976)

The notes form part of these financial statements

SOCIAL ENTERPRISE ACUMEN 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 25 March 2025
and signed on behalf of the board by:

Name: Katherine Welch
Status: Director

The notes form part of these financial statements

SOCIAL ENTERPRISE ACUMEN 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

SOCIAL ENTERPRISE ACUMEN 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 3

SOCIAL ENTERPRISE ACUMEN CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Debtors

2024 2023
£ £
Trade debtors 22,444
Other debtors 4,485
Total 26,929

SOCIAL ENTERPRISE ACUMEN CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 524 7,867
Taxation and social security 20,546
Other creditors 4,493
Total 25,563 7,867

SOCIAL ENTERPRISE ACUMEN CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

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

2024 2023
£ £
Other creditors 20,527 23,676
Total 20,527 23,676

COMMUNITY INTEREST ANNUAL REPORT

SOCIAL ENTERPRISE ACUMEN CIC

Company Number: 07245624 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

During the year Social Enterprise Acumen CIC has continued to support social entrepreneurs and social enterprises to start, develop and grow their social enterprises. We mainly worked across the North East of England and Cumbria delivering a mix of commissioned and contracted support as well as providing pro-bono services for those who cannot afford to pay or were not eligible for funded support. We helped 145 people start their own social enterprises, ran social enterprise network meetings, training courses and masterclasses and facilitated the fifth North East Social Enterprise Festival alongside the Big Lunch 2024. We lead the County Durham and the Coalfields Social Enterprise Place and contribute to local regional and national policy through research and partnering with other organisations. Our CEO spoke at a number of national and regional events and was a guest lecturer at six different Universities. We also supported 52 existing organisations to become more socially enterprising through our consultancy services.

Consultation with stakeholders

We work closely with our social enterprise network as well as with stakeholders from the public and private sector and as part of our membership of SEUK. Our support programmes are designed following consultation with these stakeholders to ensure they meet current and future needs.

Directors' remuneration

The Directors were paid a total of £40,000 during the financial year.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Katherine Welch
Status: Director