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REGISTERED NUMBER: 10566132 (England and Wales)

SOCIETY OF LOCAL COUNCIL CLERKS

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

SOCIETY OF LOCAL COUNCIL CLERKS (REGISTERED NUMBER: 10566132) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| SOCIETY OF LOCAL COUNCIL CLERKS |

COMPANY INFORMATION

for the Year Ended 31 DECEMBER 2024

| DIRECTORS: | Mrs T A Davis

| Mr E J Humphreys

| Mr A J Keppel-Green

| Ms G E Lopes

| Mr S C Trice

| Ms H Ball

| Mr L M Dunkley

| Ms T L Godden

| Ms B E Boyer

| Mr P A Rowe

| Ms L C Larter

| Mr I R Morris

| Mr C L Thatcher

| Ms C S W Evans

| Ms S G Jones

| Ms R Avery

| Ms D Platt

| REGISTERED OFFICE: | Suite 2.01

| Collar Factory

| 112 St Augustine Street

| Taunton

| Somerset

| TA1 1QN

| REGISTERED NUMBER: | 10566132 (England and Wales)

| ACCOUNTANTS: | Wallace Crooke

| Chartered Accountants

| College House

| St. Leonards Close

| Bridgnorth

| Shropshire

| WV16 4EJ

SOCIETY OF LOCAL COUNCIL CLERKS (REGISTERED NUMBER: 10566132) |

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 4,874 |  | 2,019 |  |

Investments | 5 | 10,000 |  | 10,000 |  |

14,874 |  | 12,019 |  |

CURRENT ASSETS

Debtors | 6 | 226,914 |  | 620,587 |  |

Cash at bank and in hand | 704,365 |  | 382,285 |  |

931,279 |  | 1,002,872 |  |

CREDITORS

Amounts falling due within one year | 7 | 517,135 |  | 567,097 |  |

NET CURRENT ASSETS | 414,144 |  | 435,775 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 429,018 |  | 447,794 |  |

RESERVES

Qualification development reserve fund | 9 | 20,000 |  | 43,813 |  |

Charitable trust reserve fund | 9 | 92,395 |  | - |  |

Income and expenditure account | 9 | 316,623 |  | 403,981 |  |

429,018 |  | 447,794 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:

Mr A J Keppel-Green - Director

SOCIETY OF LOCAL COUNCIL CLERKS (REGISTERED NUMBER: 10566132) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Society of Local Council Clerks is a private limited company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

| Preparation of consolidated financial statements

| The financial statements contain information about Society of Local Council Clerks as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | 20% on cost

| Office equipment | - | 33% on cost, 20% on cost and 10% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SOCIETY OF LOCAL COUNCIL CLERKS (REGISTERED NUMBER: 10566132) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The Society is a participating member of a multi-employer defined benefit pension scheme. The pension scheme is accounted for as if it were a defined contribution plan, as insufficient information is available to account for the pension scheme as a defined benefit plan, and the Society has entered into an agreement with the multi-employer plan that determines how the Society will fund a deficit. The Society has recognised the liability for the contributions payable that arise from the deficit funding agreement and the resulting expense to the profit and loss.

| Fund accounting

| General funds can be used in accordance with the objectives of the Society at the discretion of the Board.

| Infrastructure fund

| The Society's Infrastructure Reserve exists to support the procurement, development, replacement and non-routine maintenance of the Society's premises, IT and telecommunications infrastructure, to the extent that costs cannot be managed within annual budgets. The Infrastructure Reserve is sustained through contributions from the annual budget and ad hoc shares of annual surpluses at the discretion of the Chief Executive and Board.

| Qualification development fund

| The Society's Qualification Development Fund exists to support any qualification developments which are necessary to update any of the courses, ran by the Society, in line with the relevant laws and legislation. The Qualification Development Fund is sustained through specific split of course fees designated to each specific course, as well as additional ad hoc share of annual surpluses at the discretion of the Chief Executive and Board.

| Charitable trust reserve fund

| The Society's Charitable Trust Reserve Fund exists to enable the granting of funds, pending the acceptance of the application to the Charity Commission, to advance education within the local council sector and promote knowledge of and participation in local government. The Charitable Trust Reserve Fund is sustained by the accumulated funds of the shadow Educational Trust.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 42 (2023 - 65 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Office |

| property |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 27,792 |  | 128,414 |  | 156,206 |  |

| Additions | - |  | 5,014 |  | 5,014 |  |

| At 31 December 2024 | 27,792 |  | 133,428 |  | 161,220 |  |

| DEPRECIATION

| At 1 January 2024 | 27,792 |  | 126,395 |  | 154,187 |  |

| Charge for year | - |  | 2,159 |  | 2,159 |  |

| At 31 December 2024 | 27,792 |  | 128,554 |  | 156,346 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | 4,874 |  | 4,874 |  |

| At 31 December 2023 | - |  | 2,019 |  | 2,019 |  |

SOCIETY OF LOCAL COUNCIL CLERKS (REGISTERED NUMBER: 10566132) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 DECEMBER 2024

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 10,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 10,000 |  |

| At 31 December 2023 | 10,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 165,710 |  | 195,088 |  |

| Amounts owed by group undertakings | 29,170 |  | 416,484 |  |

| Other debtors | 3,000 |  | 3,000 |  |

| Prepayments and accrued income | 29,034 |  | 6,015 |  |

226,914 |  | 620,587 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 456,916 |  | 474,424 |  |

| Taxation and social security | 26,698 |  | 25,665 |  |

| Other creditors | 33,521 |  | 67,008 |  |

517,135 |  | 567,097 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

£ | £ |

| Within one year | - |  | 15,000 |  |

9. | RESERVES

| Income |  | Qualification |  | Charitable |

| and |  | development |  | trust |

| expenditure |  | reserve |  | reserve |

| account |  | fund |  | fund |  | Totals

£ | £ | £ | £ |

| At 1 January 2024 | 403,981 |  | 43,813 |  | - |  | 447,794 |  |

| Deficit for the year | (18,776 | ) | (18,776 | ) |

| Transfers to/from fund | (68,582 | ) | (23,813 | ) | 92,395 |  | - |  |

| At 31 December 2024 | 316,623 |  | 20,000 |  | 92,395 |  | 429,018 |  |