PARENT SKILLS2GO COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
07390137 (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

PARENT SKILLS2GO 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

PARENT SKILLS2GO 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

Additional information

Statement of Directors Responsibilities



Directors

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

Bolanle Olufemi Odogwu-Okonyia
Oluwakemi Adetoro Kupoluyi
Margaret Olajumoke Taribo


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
11 June 2025

And signed on behalf of the board by:
Name: Margaret Olajumoke Taribo
Status: Director

PARENT SKILLS2GO COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 344,421 238,289
Cost of sales: ( 215,594 ) ( 60,619 )
Gross profit(or loss): 128,827 177,670
Distribution costs: ( 10,894 ) ( 5,179 )
Administrative expenses: ( 125,856 ) ( 150,347 )
Operating profit(or loss): (7,923) 22,144
Profit(or loss) before tax: (7,923) 22,144
Tax: 0 ( 4,619 )
Profit(or loss) for the financial year: (7,923) 17,525

PARENT SKILLS2GO COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 9,451 9,881
Total fixed assets: 9,451 9,881
Current assets
Cash at bank and in hand: 45,955 61,140
Total current assets: 45,955 61,140
Creditors: amounts falling due within one year: 4 ( 2,213 ) ( 9,910 )
Net current assets (liabilities): 43,742 51,230
Total assets less current liabilities: 53,193 61,111
Provision for liabilities: ( 346 ) ( 341 )
Total net assets (liabilities): 52,847 60,770
Members' funds
Profit and loss account: 52,847 60,770
Total members' funds: 52,847 60,770

The notes form part of these financial statements

PARENT SKILLS2GO 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 11 June 2025
and signed on behalf of the board by:

Name: Margaret Olajumoke Taribo
Status: Director

The notes form part of these financial statements

PARENT SKILLS2GO 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

    Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Fixture & fittings - reducing balance 18% Equipment - reducing balance 18%

    Other accounting policies

    Taxation Represents the sum of tax currently payable and deferred tax. 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. 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. Pension The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year

PARENT SKILLS2GO 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 2 2

PARENT SKILLS2GO COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 2,115 9,935 12,050
Additions 1,348 1,348
Disposals
Revaluations
Transfers
At 30 September 2024 2,115 11,283 13,398
Depreciation
At 1 October 2023 381 1,788 2,169
Charge for year 312 1,466 1,778
On disposals
Other adjustments
At 30 September 2024 693 3,254 3,947
Net book value
At 30 September 2024 1,422 8,029 9,451
At 30 September 2023 1,734 8,147 9,881

PARENT SKILLS2GO 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
£ £
Taxation and social security 1,133 5,841
Accruals and deferred income 1,080 960
Other creditors 3,109
Total 2,213 9,910

COMMUNITY INTEREST ANNUAL REPORT

PARENT SKILLS2GO COMMUNITY INTEREST COMPANY

Company Number: 07390137 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Parent Skills2Go is a community-focused organisation that delivers a wide range of work-shops, activities, trips, and events designed to support and empower local families. During the financial year, the company organised regular educational and skills-based workshops for parents, such as financial literacy, sewing, ESOL, My Child & Me, Wellbeing and fitness. As well as creative and recreational activities for children, such as holiday clubs and afterschool club and inclusive family events aimed at fostering stronger community bonds, these include celebrations for International Women’s Day, Father’s Day and Black History Month. These initiatives have directly benefited the local community by promoting lifelong learning, encouraging positive parenting, reducing social isolation, engaging young people and providing affordable access to enriching experiences. The overall impact has been a more engaged, supported, and connected community.

Consultation with stakeholders

ParentSkills2Go stakeholders are Funders Beneficiaries – Parents, carers, guardians, and their children Young people Volunteers Staff We asked our young adults (ages 18-25) on how to make our Young, Creative and Empowered programme more interactive, fun and supportive for the young people group. They used a workshop and online survey looking at previous activities for the young people and what's currently trending. The feedback was on having a desire for peer-led activities and real -life events with a positive environmental impact. The young adults recommended a creative writing workshop for the holiday activity. This was positively received by the parents and other young people, extending the programme to younger aged children to use and capture their imagination. The outcome was the production of a magazine titled 'The power of food', using interactive sessions to create drawings, stories looking into the good, bad and ugly sides of food production on the environment. The magazine attracted a lot of appreciation from our funders, parents and general public for the work our young adults/other children produced.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £51,500 There were no other transactions or arrangements in connection with the remuneration of 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
17 June 2025

And signed on behalf of the board by:
Name: Margaret Taribo
Status: Director