BOX3EDUCATION CIC

Company limited by guarantee

Company Registration Number:
14527409 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 7 December 2022

End date: 31 December 2023

BOX3EDUCATION CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

BOX3EDUCATION CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Box3Education CIC delivered all educational activities remotely via online platforms. During this period, our principal activity was providing accessible, structured online education in design, architecture, and creative wellbeing. We offered a 12-week foundation-level design course, wellness-focused sessions, and digital creative workshops tailored for low-income and underserved learners. All programmes were conducted via live video calls and supported by digital resources, allowing participants to engage flexibly and safely from home. Our online approach enabled us to continue our mission of reducing educational inequality by supporting learners with limited access to traditional design education, helping them build confidence, skills, and professional portfolios to support future opportunities.

Company policy on disabled employees

Box3Education CIC is committed to providing equal opportunities and promoting an inclusive environment for disabled employees. During the reporting period, while operating entirely online, we ensured that all digital platforms and teaching materials were accessible, including compatibility with screen readers and captioned video content. We actively encouraged applications from individuals with disabilities and ensured that reasonable adjustments were made to support full participation in both employment and voluntary roles. Our inclusive policies reflect our belief that diversity strengthens our organisation and our learning community. Where necessary, we adapted work schedules, communication methods, and tools to remove barriers and support equal contribution.

Additional information

Our strategic plan for expanding Box3Education CIC’s impact through our newly leased 3,657 square foot premises in London/ Kent. This space will serve as a multifunctional educational and community hub, enabling us to deliver in-person design and architecture training, wellness courses, and youth engagement programmes. It will feature a teaching studio, upcycled art shop, coffee and snack bar, and a local art gallery. This development marks a key milestone in transitioning from online-only delivery to a permanent physical presence, strengthening community access and creating new employment and collaboration opportunities. Refurbishment works and fit-out will be completed in phases, with programming expected to begin in the current financial year.



Directors

The directors shown below have held office during the whole of the period from
7 December 2022 to 31 December 2023

Levi williamson
Donna kemp


Secretary simon melborne

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
22 November 2024

And signed on behalf of the board by:
Name: Levi williamson
Status: Director

BOX3EDUCATION CIC

Profit And Loss Account

for the Period Ended 31 December 2023

13 months to 31 December 2023


£
Turnover: 0
Cost of sales: ( 4,400 )
Gross profit(or loss): (4,400)
Distribution costs: 0
Administrative expenses: ( 800 )
Other operating income: 0
Operating profit(or loss): (5,200)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (5,200)
Tax: 0
Profit(or loss) for the financial year: (5,200)

BOX3EDUCATION CIC

Balance sheet

As at 31 December 2023

Notes 13 months to 31 December 2023


£
Fixed assets
Intangible assets: 3 400
Tangible assets: 4 9,053
Investments:   0
Total fixed assets: 9,453
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 0
Investments: 5 1,000
Total current assets: 1,000
Prepayments and accrued income: 0
Net current assets (liabilities): 1,000
Total assets less current liabilities: 10,453
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 10,453
Members' funds
Profit and loss account: 10,453
Total members' funds: 10,453

The notes form part of these financial statements

BOX3EDUCATION CIC

Balance sheet statements

For the year ending 31 December 2023 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 22 November 2024
and signed on behalf of the board by:

Name: Levi williamson
Status: Director

The notes form part of these financial statements

BOX3EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Turnover Policy. Turnover is recognised when the company becomes entitled to income and it can be reliably measured. For Box3Education CIC, this includes course fees, grant income, donations, and sponsorships. Grant income is accounted for based on the accruals principle recognised when performance conditions are met or over the period to which the funding relates. Where income is received in advance of performance, it is treated as deferred income. Course fees are recognised at the point of delivery or across the period of the course when spread over time.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets Depreciation Policy: Tangible fixed assets are recorded at cost, net of depreciation and any impairment. Depreciation is applied using the straight-line method to systematically write down the cost of the asset over its estimated useful life: Equipment and tools: 3 to 5 years Furniture and fittings: 5 years IT and office equipment: 3 years Assets are depreciated from the month they are brought into use. Reviews of estimated useful life and residual value are carried out annually and adjusted as required. Box3Education CIC applies a capitalisation threshold of £100 individual items below this value are expensed in the year of purchase. Where assets are acquired using grant funding, the related income is released to match the depreciation charge, unless otherwise restricted by fund terms

    Intangible fixed assets amortisation policy

    Intangible Fixed Assets Amortisation Policy: Intangible fixed assets are recorded at cost and amortised on a straight-line basis over their estimated useful economic life, which is typically 3 to 5 years, depending on the nature of the asset. Amortisation begins when the asset is available for use and continues over its expected useful life. Examples include software licences, website development costs, and design assets essential to operational delivery. The carrying value of intangible assets is reviewed annually for impairment, with any reductions in value recognised immediately in the profit and loss account.

    Valuation information and policy

    Valuation Information Policy: Assets are recorded at historic cost unless otherwise stated. Tangible and intangible fixed assets are valued at cost less accumulated depreciation or amortisation and any impairment losses. The carrying value of assets is reviewed annually to ensure it does not exceed recoverable amounts. No revaluation of assets has taken place during the period. Where impairment is identified, the asset value is reduced accordingly and the loss is recognised in the profit and loss account.

    Other accounting policies

    General Accounting Policies: Basis of Preparation: The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A applicable to small entities and the Companies Act 2006. The accounts are prepared under the historical cost convention. Going Concern: The directors have assessed the company’s financial position and are satisfied that the company has adequate resources to continue operating for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis. Grants and Donations: Grants and donations are recognised when the charity is entitled to them, receipt is probable, and the amount can be measured reliably. Restricted grants are recognised in income only when the related conditions are met. Deferred Income: Income received in advance of related services being provided is deferred and recognised in the period to which it relates. Cash Flow Statement: The company has taken advantage of the exemption under FRS 102 Section 1A from preparing a cash flow statement, as it is a small entity.

BOX3EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    13 months to 31 December 2023
    Average number of employees during the period 8

BOX3EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 0 400 400
Disposals
Revaluations
Transfers
At 31 December 2023 0 400 400
Amortisation
Charge for year 0 0 0
On disposals
Other adjustments
At 31 December 2023 0 0 0
Net book value
At 31 December 2023 0 400 400

BOX3EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 0 3,000 3,053 3,000 0 9,053
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 December 2023 0 3,000 3,053 3,000 0 9,053
Depreciation
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 December 2023 0 0 0 0 0 0
Net book value
At 31 December 2023 0 3,000 3,053 3,000 0 9,053

BOX3EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Current assets investments note

Current Assets Investments Note: As at 31 December 2023, the company held £10,000 in current asset investments, representing equipment and educational stock purchased during the period. Of this amount, £9,000 was personally funded by the director, and £1,000 was supported by a grant from CNT Associates. These items are being held to support upcoming programme delivery and workshop facilitation. The assets are fully available for use within 12 months and meet the definition of current investments. No disposals, revaluations, or impairments were recognised during the period.

BOX3EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Financial Commitments

Financial Commitments Note (for period 7 Dec 2022 – 31 Dec 2023): During the reporting period, Box3Education CIC operated exclusively online and held no lease agreements, hire purchase contracts, or long-term financial commitments. All services and software used to deliver online education and workshops were either: Free on a rolling monthly basis, or funded directly by the director without binding contractual terms. No capital commitments or contracted obligations existed at the balance sheet date that would require disclosure.

BOX3EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Loans to directors

Loans to Directors: Neither the company nor the director has taken out any loans during the reporting period. No loan balances were outstanding at the balance sheet date, and no loan arrangements exist between the director and the company.

COMMUNITY INTEREST ANNUAL REPORT

BOX3EDUCATION CIC

Company Number: 14527409 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Box3Education CIC has provided significant benefit to the community through free and low-cost access to professional design and architecture education. Over the past year, we have supported low-income individuals in Bexleyheath and surrounding areas by delivering a 12-week foundation course in design and architecture, mental wellness programmes, and creative upskilling workshops. Participants gained hands-on experience in sketching, model-making, CAD training, and final project development. Our wellness initiative included creative therapy, meditation, and nutritious daily meals to support learners’ mental health. Additionally, we launched a community hub featuring a coffee space, art gallery and upcycling store, all of which provide inclusive access to culture, creativity and social connection. Our impact has included: Supporting over 50 students from disadvantaged backgrounds Empowering young people and adults to pursue higher education or specialist careers Promoting mental wellbeing and reducing isolation through art and discussion Encouraging sustainable practices through upcycled design and local artwork Box3Education CIC remains committed to creating long-term educational and social change through ethical, inclusive, and practical learning environments.

Consultation with stakeholders

No consultation with stakeholders

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
22 November 2024

And signed on behalf of the board by:
Name: Levi williamson
Status: Director