for the Period Ended 30 June 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 June 2023
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 July 2022 to 30 June 2023
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | ( | |
Profit(or loss) before tax: | ( | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Provision for liabilities: | ( | ( | |
Accruals and deferred income: | ( | ( | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 June 2023
Basis of measurement and preparation
Tangible fixed assets depreciation policy
for the Period Ended 30 June 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 June 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 July 2022 | | | | |||
Additions | | | | |||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 June 2023 | | | | |||
Depreciation | ||||||
At 1 July 2022 | | | | |||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 30 June 2023 | | | | |||
Net book value | ||||||
At 30 June 2023 | | | | |||
At 30 June 2022 | | | |
for the Period Ended 30 June 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Total | | |
for the Period Ended 30 June 2023
2022 | ||
---|---|---|
£ | ||
Trade creditors | | |
Total | |
Embrace & Encourage Education CIC is focused on providing an alternative education service to young people in its local area. In the June 2023 financial year, the company’s activities have benefitted the community in numerous ways, not limited to:We have provided alternative education services to a total of 28 (2022: 18) young people.These young people were exclusively vulnerable females who were at risk of becoming permanently excluded from school or expected to become a future NEET. A number of these young people were also at risk of child exploitation, and all have been identified as suffering from poor mental health.14 of the young people (2022: 10) were key stage 4 learners and 97% (2022: 90%) achieved a qualification that offered them a plausible pathway into post 16 education during their time at Embrace.All (2022: All) year 11 learners had also secured a space in further education before their time at the company came to an end.The young people assisted by the company have significantly reduced their risk of exploitation and becoming NEET post 16, while also gaining a number of life skills from attending Embrace & Encourage Education CIC that will enhance their future opportunities.
Embrace & Encourage CIC’s stakeholders are:The studentsThe parents / carersReferral services (Local authority, schools, social services)We regularly ask our learners and parents / carers for feedback on our service. This is carried our informally for the most part during the six weekly reviewing process. Learners and parents / carers have an opportunity to share their views and opinions with staff to help us improve our service to young people.There is a more formal process that asks for feedback annually from all of our stakeholders that takes the form of a questionnaire that is sent out to everyone we work with and then collated to inform our development plan for the coming academic year.This year, as in prior years saw positive feedback about the service we offer.
Directors’ remuneration for the year totalled £48,192 (2021: £44,629). There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which required to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
27 March 2024
And signed on behalf of the board by:
Name: Miss D.L. James
Status: Director