I ACCELERATOR CIC

Company limited by guarantee

Company Registration Number:
12001267 (England and Wales)

Unaudited statutory accounts for the year ended 30 May 2024

Period of accounts

Start date: 31 May 2023

End date: 30 May 2024

I ACCELERATOR CIC

Contents of the Financial Statements

for the Period Ended 30 May 2024

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

I ACCELERATOR CIC

Directors' report period ended 30 May 2024

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

Directors

The director shown below has held office during the whole of the period from
31 May 2023 to 30 May 2024

Frances Trought


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
27 May 2025

And signed on behalf of the board by:
Name: Frances Trought
Status: Director

I ACCELERATOR CIC

Profit And Loss Account

for the Period Ended 30 May 2024

2024 2023


£

£
Turnover: 68,095 85,850
Gross profit(or loss): 68,095 85,850
Administrative expenses: ( 67,579 ) ( 75,680 )
Operating profit(or loss): 516 10,170
Interest payable and similar charges: ( 73 )
Profit(or loss) before tax: 516 10,097
Tax: ( 194 ) ( 2,015 )
Profit(or loss) for the financial year: 322 8,082

I ACCELERATOR CIC

Balance sheet

As at 30 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,167 1,672
Total fixed assets: 1,167 1,672
Current assets
Debtors: 4 22,175
Cash at bank and in hand: 7,068 23,771
Total current assets: 29,243 23,771
Creditors: amounts falling due within one year: 5 ( 9,963 ) ( 5,318 )
Net current assets (liabilities): 19,280 18,453
Total assets less current liabilities: 20,447 20,125
Total net assets (liabilities): 20,447 20,125
Members' funds
Profit and loss account: 20,447 20,125
Total members' funds: 20,447 20,125

The notes form part of these financial statements

I ACCELERATOR CIC

Balance sheet statements

For the year ending 30 May 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 27 May 2025
and signed on behalf of the board by:

Name: Frances Trought
Status: Director

The notes form part of these financial statements

I ACCELERATOR CIC

Notes to the Financial Statements

for the Period Ended 30 May 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, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    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% straight line Computer Equipment 20% straight line

I ACCELERATOR CIC

Notes to the Financial Statements

for the Period Ended 30 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

I ACCELERATOR CIC

Notes to the Financial Statements

for the Period Ended 30 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 May 2023 510 2,018 2,528
Additions
Disposals
Revaluations
Transfers
At 30 May 2024 510 2,018 2,528
Depreciation
At 31 May 2023 130 726 856
Charge for year 102 403 505
On disposals
Other adjustments
At 30 May 2024 232 1,129 1,361
Net book value
At 30 May 2024 278 889 1,167
At 30 May 2023 380 1,292 1,672

I ACCELERATOR CIC

Notes to the Financial Statements

for the Period Ended 30 May 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 22,175
Total 22,175

I ACCELERATOR CIC

Notes to the Financial Statements

for the Period Ended 30 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 1,830 870
Other creditors 8,133 4,448
Total 9,963 5,318

COMMUNITY INTEREST ANNUAL REPORT

I ACCELERATOR CIC

Company Number: 12001267 (England and Wales)

Year Ending: 30 May 2024

Company activities and impact

At I Accelerator CIC we aim to create opportunities for diverse talent with a focus on race, gender and social mobility. We work with industry leaders to provide students from underrepresented backgrounds with opportunities to showcase their talent and explore opportunities. This year we have delivered the following programmes: - Mentoring - I Accelerator - Insight events All of these programmes are designed to provide students with an opportunity to gain an insight to organisations and create a sense of belonging. As a result this has led to offers of employment, insights to organisations, work experience and internships. This year we have had successes with students securing degree apprenticeships and graduate roles. We have added a few new Universities this year to which we can share opportunities. We have also published a book: Degree Apprenticeship Application Guide featuring Accenture, Microsoft and Rolls-Royce. The book provides all of the insights needed to support students when applying for degree apprenticeships. Next year we will focus on creating support materials for teachers to support students from underrepresented back grounds to compete for degree apprenticeships.

Consultation with stakeholders

Our key stakeholders are Universities, Corporates and Students. All of our programmes are developed in consultation with these stakeholders to ensure they meet their needs. We collect feedback on the back of all of our programmes, and based on this we refine, build new programmes and adapt any processes to continually evolve our programmes. We currently deliver more hybrid opportunities in 2023/24. Debrief sessions are held with all of our corporate partners to identify how programmes can be improved and outline the social impact achieved.

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
28 May 2025

And signed on behalf of the board by:
Name: Frances Trought
Status: Director