LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
10811158 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Directors' report period ended 31 August 2024

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

Principal activities of the company

The principal activity of the company during the year under review was to promote physical activity in schools. This is achieved by the creation of sustainable physical education, school sport and physical activity systems to drive educational outcomes and enhance the lives of children and young people. Including the organisation and delivery of primary, secondary and special school competitions across Lancaster and Heysham. Also the training and development of teachers, adults and young people to aid physical education, school sport and physical activity to create life long active lives.



Directors

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

T M Fletcher
S M Jamieson


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
13 May 2025

And signed on behalf of the board by:
Name: S M Jamieson
Status: Director

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 120,814 99,365
Cost of sales: ( 93,427 ) ( 74,246 )
Gross profit(or loss): 27,387 25,119
Administrative expenses: ( 28,577 ) ( 22,139 )
Operating profit(or loss): (1,190) 2,980
Interest receivable and similar income: 24 4
Profit(or loss) before tax: (1,166) 2,984
Tax: 215 ( 566 )
Profit(or loss) for the financial year: (951) 2,418

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,630 2,754
Total fixed assets: 1,630 2,754
Current assets
Cash at bank and in hand: 95,637 94,871
Total current assets: 95,637 94,871
Creditors: amounts falling due within one year: 4 ( 21,873 ) ( 27,955 )
Net current assets (liabilities): 73,764 66,916
Total assets less current liabilities: 75,394 69,670
Creditors: amounts falling due after more than one year: 5 ( 6,890 ) 0
Provision for liabilities: ( 308 ) ( 523 )
Total net assets (liabilities): 68,196 69,147
Members' funds
Profit and loss account: 68,196 69,147
Total members' funds: 68,196 69,147

The notes form part of these financial statements

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 August 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 13 May 2025
and signed on behalf of the board by:

Name: T M Fletcher
Status: Director

The notes form part of these financial statements

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 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

    Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: - the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the economic benefits associated with the transaction will flow to the Company; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

    Tangible fixed assets depreciation policy

    Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Furniture, fittings and equipment 25% Straight line

    Valuation information and policy

    Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. Trade and other creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 2

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 7,228 7,228
Additions
Disposals
Revaluations
Transfers
At 31 August 2024 7,228 7,228
Depreciation
At 1 September 2023 4,474 4,474
Charge for year 1,124 1,124
On disposals
Other adjustments
At 31 August 2024 5,598 5,598
Net book value
At 31 August 2024 1,630 1,630
At 31 August 2023 2,754 2,754

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 11,534 3,871
Taxation and social security 526
Accruals and deferred income 10,339 21,470
Other creditors 2,088
Total 21,873 27,955

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

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

2024 2023
£ £
Other creditors 6,890 0
Total 6,890 0

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Loans to directors

Transactions in the year with Directors. TM Fletcher 2024: £14,250 Directors remuneration, £1,532 mileage and out of pocket expenses reimbursed. (2023: £14,250 and £1,288 respectively.) SM Jamieson 2024: £1,980 Directors remuneration, £32,539 Salary recharge from Our Lady's Catholic School, £764 mileage and out of pocket expenses reimbursed. (2023: £0, £31,060 and £1,015 respectively.)

COMMUNITY INTEREST ANNUAL REPORT

LANCASTER AND HEYSHAM SCHOOL SPORT NETWORK COMMUNITY INTEREST COMPANY

Company Number: 10811158 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

LHSSN CIC formed as a Community Interest Company in June 2017 to work within the local school population, from September 2017 onwards, it has continued in this mission. This report outlines activities for the accounting period to the end of 31st August 2024 in line with the academic year and the company’s principle customer base within local schools. During this period many of the ideals have continued; LHSSN is continually accountable to its’ school customer base with school’s valuing its existence and continually purchasing memberships to allow them to improve health and wellbeing of young people primarily in Lancaster and Heysham. To support schools in this aim LHSSN has provided teacher training, pupil training, sporting activities, health initiatives, coaching, consultancy, engaging with other partners, creating new opportunities and variety, signposting and general school support. This has been in the form of both one to one session’s in schools together with larger scale events that bring together schools and their pupils as a network. We have continued to strive to do our best for our local schools and their young people; Trying to meet their needs however we can in difficult circumstances and to continue to support recovery after Covid and those who need support most. During this period, we have also looked to develop our offer further and sought out partnerships with groups such as Wigan Warriors and looked for new opportunities for growth. We hope to provide schools with a wide variety of options to allow them to choose those which best fit the individual needs of their school, its pupils and their communities.

Consultation with stakeholders

During the development of the LHSSN CIC membership packages, partners and teachers from member schools are asked for their opinions and views on the offer. These views help shape the membership packages, or additional activities, available to schools. This has continued to be the case. Secondly, at our conferences, teachers present and partner organisations are provided with questionnaires pertaining to their views on the current and future role of LHSSN CIC. Remote surveys including Google documents, Survey monkey and Emails were also used and have been continued. Lastly, schools and staff of all local schools, members and non-members are offered the opportunity and encouraged to suggest alterations and suggestions on LHSSN CIC operations continually. We must constantly meet the needs and wants of local schools & populations to ensure they continue to support and seek out our memberships. As well as working with other local, countywide and National organisations to ensure we’re offering suitable and coordinated opportunities.

Directors' remuneration

Director's remuneration paid to T.M. Fletcher in the year, in respect of qualifying services, was £14,250 A director's salary recharge from Our Lady's Catholic School for S.M. Jamieson in the year, in respect of qualifying services, was £32,539 and also Director’s remuneration of £1,980. There were no other transactions or arrangements in connection with the remuneration (including benefits) or 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
13 May 2025

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