THE CODIDACT FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
13032478 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

THE CODIDACT FOUNDATION CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

THE CODIDACT FOUNDATION CIC

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 217 1,492
Gross profit(or loss): 217 1,492
Distribution costs: ( 496 ) ( 375 )
Administrative expenses: ( 62 ) ( 93 )
Operating profit(or loss): (341) 1,024
Profit(or loss) before tax: (341) 1,024
Profit(or loss) for the financial year: (341) 1,024

THE CODIDACT FOUNDATION CIC

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 13,891 14,070
Total current assets: 13,891 14,070
Prepayments and accrued income: 93 278
Creditors: amounts falling due within one year: 3 ( 31 ) ( 15 )
Net current assets (liabilities): 13,953 14,333
Total assets less current liabilities: 13,953 14,333
Total net assets (liabilities): 13,953 14,333
Members' funds
Profit and loss account: 13,953 14,333
Total members' funds: 13,953 14,333

The notes form part of these financial statements

THE CODIDACT FOUNDATION CIC

Balance sheet statements

For the year ending 30 November 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 25 August 2025
and signed on behalf of the board by:

Name: Ross Wakefield
Status: Director

The notes form part of these financial statements

THE CODIDACT FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 November 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

    Other accounting policies

    Translation of foreign currency - as per FRS 102

THE CODIDACT FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THE CODIDACT FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 31 15
Total 31 15

COMMUNITY INTEREST ANNUAL REPORT

THE CODIDACT FOUNDATION CIC

Company Number: 13032478 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

The company runs a website with the purpose of sharing knowledge among communities focused around particular topic areas. Between December 2023 and November 2024, the involved communities have benefitted in the following ways: - Added an accessibility statement describing the accessibility guidelines and standards the software and website follow and how any accessibility issues are dealt with, making access as straightforward as possible for any user with accessibility issues. In addition, minor clarifications of the terms of service were made in response to users’ questions. - In light of the proliferation of generative AI that requires vast quantities of human-made content for training, which is often taken and used without adequate attribution, we proactively made commitments about how we will openly discuss any potential changes to how user-contributed content should be hosted and used. This aligns with users’ desires regarding how their content is used, particularly regarding issues such as attribution and copyright. - General software improvements for more functionality and ease of use, such as improving the community/user experience and fulfilling community requests. While we operated at a loss this year, our operating costs are low relative to our total assets, so we feel there is no cause for concern

Consultation with stakeholders

We have an email address for general questions. In addition, we have identified four main groups of stakeholders, which may have some overlap with each other: - Developers: Communication is done via Github, a Discord server and an additional ‘community’ site. This doesn’t change the aims of the functionality of the website, although has helped define how development is and will be done and has been used to update the roadmap for the future development of the site. - Moderators and users: Communication is done via chat, a ‘meta site’ and a ‘proposals site’. This has led to over 100 major and minor changes, ranging from bug fixes, implementing wanted features (e.g. filtering, searching and sorting), as well as improvements to user profile pages (including loading speed and visibility of posts made across the network by a user). The proposals site streamlines the process for forming new communities based on current and potential users’ needs and wants. - Based on concerns raised on our ‘meta site’ and following the creation of a network-wide policy about use of generative AI (such as ChatGPT), we implemented software features such as the ability to flag AI-generated content as such and improvements to the site to help prevent bot-scraping. - External communities with a private instance: Communication is done via a Discord server and the same ‘meta’ and ‘community’ sites as the user.

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
25 August 2025

And signed on behalf of the board by:
Name: Ross Wakefield
Status: Director