SOMERSET SKILLS & LEARNING CIC

Company limited by guarantee

Company Registration Number:
08610815 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

SOMERSET SKILLS & LEARNING CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

SOMERSET SKILLS & LEARNING CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

Kathryn Baker
Justin Speirs
Karen Savill
Emma Street
Nicola Squibb
Martin Watkins
James Goss


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
18 March 2025

And signed on behalf of the board by:
Name: Kathryn Baker
Status: Director

SOMERSET SKILLS & LEARNING CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 90,544 71,200
Investments: 4 190,950 190,950
Total fixed assets: 281,494 262,150
Current assets
Stocks:   0 0
Debtors: 5 348,289 276,418
Cash at bank and in hand: 898,920 1,052,622
Investments:   0 0
Total current assets: 1,247,209 1,329,040
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 391,794 ) ( 627,118 )
Net current assets (liabilities): 855,415 701,922
Total assets less current liabilities: 1,136,909 964,072
Creditors: amounts falling due after more than one year: 7 0 ( 10,000 )
Provision for liabilities: ( 11,546 ) 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 1,125,363 954,072
Members' funds
Profit and loss account: 1,125,363 954,072
Total members' funds: 1,125,363 954,072

The notes form part of these financial statements

SOMERSET SKILLS & LEARNING CIC

Balance sheet statements

For the year ending 31 July 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 18 March 2025
and signed on behalf of the board by:

Name: Kathryn Baker
Status: Director

The notes form part of these financial statements

SOMERSET SKILLS & LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SOMERSET SKILLS & LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 94 85

SOMERSET SKILLS & LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 136,351 143,974 54,433 0 334,758
Additions 17,819 29,386 47,205
Disposals
Revaluations
Transfers
At 31 July 2024 154,170 173,360 54,433 0 381,963
Depreciation
At 1 August 2023 129,458 79,667 54,433 263,558
Charge for year 1,230 26,631 27,861
On disposals
Other adjustments
At 31 July 2024 130,688 106,298 54,433 291,419
Net book value
At 31 July 2024 23,482 67,062 0 0 90,544
At 31 July 2023 6,893 64,307 0 0 71,200

SOMERSET SKILLS & LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Fixed assets investments note

included within the net book value of land and buildings is £Nil (2023 £NIL) in respect of freehold land and buildings, £Nil (2023 £Nil) in respect of long leasehold land and buildings £15,927 (2023 £nil) in respect of short leasehold land and buildings

SOMERSET SKILLS & LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors

2024 2023
£ £
Trade debtors 12,028 27,377
Prepayments and accrued income 101,133 136,447
Other debtors 235,128 112,594
Total 348,289 276,418
Debtors due after more than one year: 61,859 56,024

SOMERSET SKILLS & LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 51,325 126,238
Taxation and social security 97,986 61,998
Accruals and deferred income 97,488 304,970
Other creditors 144,995 133,912
Total 391,794 627,118

SOMERSET SKILLS & LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 10,000
Total 0 10,000

SOMERSET SKILLS & LEARNING CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

8. Financial Commitments

The total amount of financial commitments not included in the balance sheet is £216,725 (2023 £316,215). The total commitment is due over the following period £98,725 (2023 - £122,728) in one year, £118,000 (2023 - £178,737) in two to five years and £nil (2023 - £24,750) in more than five years.

COMMUNITY INTEREST ANNUAL REPORT

SOMERSET SKILLS & LEARNING CIC

Company Number: 08610815 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

SS&L provides an extensive range of lifelong learning opportunities for people of all ages, at times and in locations, which are convenient for them. SS&L is based in Somerset, in 23/24 we delivered accessible learning opportunities for over 5,978 in more than 20 community venues, 5 training centres and on-line. We worked with 218 employers across Somerset and delivered community learning partnership provision within 14 community organisations.

Consultation with stakeholders

The CIC's key stakeholders are: CIC Staff Learners (Somerset residents) Somerset and BANES employers Key funding partners Partners and sub-contractors Town councils Local authorities eg Somerset Council Ofsted - we are inspected by Ofsted on a regular basis - our most recent inspection was in October 2022 when we maintained our grade 2/good rating. Our culture of continuous improvement and evaluative annual self-assessment report is underpinned by a range of consultation activities, including a whole management approach to learner/customer feedback evidenced by learning walks in classrooms, listening to learners events, regular learner and employer surveys, a formal programme of performance reviews. The CIC has a well-established customer complaint/compliments process and the results of this is reported quarterly to the SMT. Safeguarding concerns are reported directly to our DSL. In 2023/24 learner feedback on all areas remained consistently high with 94% of learners saying they would recommend SS&L to family and friends. Any concerns raised by learners are followed up with remedial actions put in place. Findings from our stakeholder consultation process, form, part of the CIC's annual self assessment report. The report is a comprehensive annual overview of the organisations performance, outcomes and improvements. This is accompanied by a comprehensive and detailed quality improvement plan.

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
18 March 2025

And signed on behalf of the board by:
Name: Kathryn Baker
Status: Director