THE TAX ACADEMY C.I.C.

Company Registration Number:
08973504 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2026

Period of accounts

Start date: 1 May 2025

End date: 30 April 2026

THE TAX ACADEMY C.I.C.

Contents of the Financial Statements

for the Period Ended 30 April 2026

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE TAX ACADEMY C.I.C.

Directors' report period ended 30 April 2026

The directors present their report with the financial statements of the company for the period ended 30 April 2026

Principal activities of the company

The company's principal activity during the year continued to be providing tax support to prisoners and ex-offenders.



Directors

The director shown below has held office during the whole of the period from
1 May 2025 to 30 April 2026

Paul Retout

The directors shown below have held office during the period of
1 June 2025 to 30 April 2026

Ian Carley
 Jayne Nunn
 Karen Williams

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
30 September 2026

And signed on behalf of the board by:
Name: Paul Retout
Status: Director

THE TAX ACADEMY C.I.C.

Balance sheet

As at 30 April 2026

Notes 2026 2025


£
£
Current assets
Debtors: 3 3,250 1,850
Cash at bank and in hand: 56,334 14,392
Total current assets: 59,584 16,242
Creditors: amounts falling due within one year: 4 ( 58,449 ) ( 26,372 )
Net current assets (liabilities): 1,135 (10,130)
Total assets less current liabilities: 1,135 ( 10,130)
Total net assets (liabilities): 1,135 (10,130)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,035 (10,230 )
Total Shareholders' funds: 1,135 (10,130)

The notes form part of these financial statements

THE TAX ACADEMY C.I.C.

Balance sheet statements

For the year ending 30 April 2026 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 September 2026
and signed on behalf of the board by:

Name: Paul Retout
Status: Director

The notes form part of these financial statements

THE TAX ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2026

  • 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

THE TAX ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2026

  • 2. Employees

    2026 2025
    Average number of employees during the period 3 3

THE TAX ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2026

3. Debtors

2026 2025
£ £
Other debtors 3,250 1,850
Total 3,250 1,850

THE TAX ACADEMY C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2026

4. Creditors: amounts falling due within one year note

2026 2025
£ £
Taxation and social security 530 530
Other creditors 57,919 25,842
Total 58,449 26,372

COMMUNITY INTEREST ANNUAL REPORT

THE TAX ACADEMY C.I.C.

Company Number: 08973504 (England and Wales)

Year Ending: 30 April 2026

Company activities and impact

The Tax Academy (‘TTA’) continues to work with prisoners helping them bring their tax affairs up to date prior release. The Tax Academy won both the Welsh (Oct 2025) and UK Award (Dec 2025) for the social enterprise Building Diversity, inclusion, Equity and Justice award and visited in April 2026 the House of Lords to receive the Award. The TTA is now part of the Prison Working Group working alongside Ministry of Justice, HMPPS, HMRC and DWP trying to find a joint solution to the problems prisoners face dealing with their tax affairs. During the year, a Tax Masterclass was designed and piloted at HMP Stafford and HMP Preston and tax clinics were undertaken at a number of prisons. TTA is able to promote HMRC tax initiatives and provide information to taxpayers though such medium as the prison newspaper Inside time, Prison radio, podcasts and tax clinics.

Consultation with stakeholders

The main stakeholders are HMRC. We have quarterly meetings through the HMRC Individuals Stakeholder Forum where we represent prisoners. We also work with the HMRC Voluntary Sector Tax Resolution Service. The Tax Academy also contributes on a number of HMRC initiatives including Making Tax Digital (‘MTD’). During the year TTA was invited to join the Prison Working Group, working with the main Stakeholders in prison and HMRC.

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
30 September 2026

And signed on behalf of the board by:
Name: Paul Retout
Status: Director