SOCIALLY MOBILE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
12914523 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

SOCIALLY MOBILE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

SOCIALLY MOBILE COMMUNITY INTEREST COMPANY

Directors' report period ended 30 September 2024

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

Principal activities of the company

social work activities.



Directors

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

K S Waddington
S D Waddington


The director shown below has held office during the period of
13 September 2024 to 30 September 2024

R W Houghton


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
12 May 2025

And signed on behalf of the board by:
Name: S D Waddington
Status: Director

SOCIALLY MOBILE COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 18,849 27,753
Cost of sales: ( 10,893 ) ( 8,274 )
Gross profit(or loss): 7,956 19,479
Administrative expenses: ( 15,001 ) ( 12,750 )
Operating profit(or loss): (7,045) 6,729
Interest receivable and similar income: 37 90
Interest payable and similar charges: ( 7 ) 0
Profit(or loss) before tax: (7,015) 6,819
Tax: 1,190 ( 1,296 )
Profit(or loss) for the financial year: (5,825) 5,523

SOCIALLY MOBILE COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 8,052 3,695
Cash at bank and in hand: 19,422 22,765
Total current assets: 27,474 26,460
Creditors: amounts falling due within one year: 4 ( 15,010 ) ( 8,170 )
Net current assets (liabilities): 12,464 18,290
Total assets less current liabilities: 12,464 18,290
Total net assets (liabilities): 12,464 18,290
Members' funds
Profit and loss account: 12,464 18,290
Total members' funds: 12,464 18,290

The notes form part of these financial statements

SOCIALLY MOBILE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 September 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 12 May 2025
and signed on behalf of the board by:

Name: S D Waddington
Status: Director

The notes form part of these financial statements

SOCIALLY MOBILE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 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

    Revenue recognition: Income comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Income is shown net of sales/value added tax, returns, rebates and discounts. 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.

    Other accounting policies

    Summary of significant accounting policies and key accounting estimates: The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance: These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small entities - “The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland” and the Companies Act 2006 (as applicable to companies subject to the small companies’ regime). Tax: The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. 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.

SOCIALLY MOBILE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

SOCIALLY MOBILE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Debtors

2024 2023
£ £
Trade debtors 5,945 3,695
Prepayments and accrued income 918 0
Other debtors 1,189
Total 8,052 3,695

SOCIALLY MOBILE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,880 1,074
Taxation and social security 0 1,252
Accruals and deferred income 630 611
Other creditors 12,500 5,233
Total 15,010 8,170

COMMUNITY INTEREST ANNUAL REPORT

SOCIALLY MOBILE COMMUNITY INTEREST COMPANY

Company Number: 12914523 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Socially Mobile has trained 43 public relations practitioners from lower socio-economic backgrounds, as well as underrepresented and underserved groups, including ethnic minority practitioners, the LGBTQ+ community, women returners, and those with disabilities. The UK public relations industry contributed £16.7 billion to the UK economy in 2021. It has a diversity gap of 13,000 practitioners from a lower socio-economic background.

Consultation with stakeholders

Socially Mobile engages with a number of stakeholders. These include AMEC, CIPR and PRCA, key industry bodies in the public relations sector. The programme is accredited by the Global Alliance. We have a steering group comprising industry leaders which meets quarterly and we liaise on a continual basis with our Chief Examiner, Chief Assessor and assessment committees.

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
12 May 2025

And signed on behalf of the board by:
Name: Stephen Waddington
Status: Director