SOCIAL ENTERPRISE ACUMEN CIC
SOCIAL ENTERPRISE ACUMEN CIC
SOCIAL ENTERPRISE ACUMEN CIC
Company Registration Number:
07245624 (England and Wales)
Unaudited statutory accounts for the year ended 30 June 2023
Period of accounts
Start date: 1 July 2022
End date: 30 June 2023
SOCIAL ENTERPRISE ACUMEN CIC
Contents of the Financial Statements
for the Period Ended 30 June 2023
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
SOCIAL ENTERPRISE ACUMEN CIC
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 directors shown below have 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
SOCIAL ENTERPRISE ACUMEN CIC
Profit And Loss Account
for the Period Ended
| 2023 | 2022 | |
|---|---|---|
| | £ | £ |
| Turnover: | | |
| Cost of sales: | ( | ( |
| Gross profit(or loss): | ( | ( |
| Distribution costs: | | |
| Operating profit(or loss): | ( | ( |
| Interest payable and similar charges: | ( | ( |
| Profit(or loss) before tax: | ( | ( |
| Tax: | | |
| Profit(or loss) for the financial year: | ( | ( |
SOCIAL ENTERPRISE ACUMEN CIC
Balance sheet
As at
| Notes | 2023 | 2022 | |
|---|---|---|---|
| | £ | £ | |
| Called up share capital not paid: | | | |
| Fixed assets | |||
| Tangible assets: | 3 | | |
| Total fixed assets: | | | |
| Current assets | |||
| Cash at bank and in hand: | | | |
| Total current assets: | | | |
| Creditors: amounts falling due within one year: | 4 | ( | ( |
| Net current assets (liabilities): | ( | ( | |
| Total assets less current liabilities: | ( | ( | |
| Creditors: amounts falling due after more than one year: | 5 | ( | ( |
| Total net assets (liabilities): | ( | ( | |
| Capital and reserves | |||
| Called up share capital: | | | |
| Other reserves: | ( | ( | |
| Profit and loss account: | ( | ( | |
| Total Shareholders' funds: | ( | ( |
The notes form part of these financial statements
SOCIAL ENTERPRISE ACUMEN CIC
Balance sheet 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
SOCIAL ENTERPRISE ACUMEN CIC
Notes to the Financial Statements
for the Period Ended 30 June 2023
-
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
SOCIAL ENTERPRISE ACUMEN CIC
Notes to the Financial Statements
for the Period Ended 30 June 2023
-
2. Employees
2023 2022 Average number of employees during the period 3 4
SOCIAL ENTERPRISE ACUMEN CIC
Notes to the Financial Statements
for the Period Ended 30 June 2023
3. Tangible assets
| 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 | | |
SOCIAL ENTERPRISE ACUMEN CIC
Notes to the Financial Statements
for the Period Ended 30 June 2023
4. Creditors: amounts falling due within one year note
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts | | |
| Amounts due under finance leases and hire purchase contracts | | |
| Trade creditors | | |
| Taxation and social security | | |
| Total | | |
SOCIAL ENTERPRISE ACUMEN CIC
Notes to the Financial Statements
for the Period Ended 30 June 2023
5. Creditors: amounts falling due after more than one year note
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other creditors | | |
| Total | | |
COMMUNITY INTEREST ANNUAL REPORT
SOCIAL ENTERPRISE ACUMEN CIC
Company Number: 07245624 (England and Wales)
Year Ending: 30 June 2023
Company activities and impact
During the year Social Enterprise Acumen CIC continued to support social entrepreneurs and social enterprises to start, develop and grow their social enterprises. We mainly worked across the North East and Cumbria delivering a mix of contracted and commissioned support as well as offering pro bono support for those who could not afford to pay or were not eligible for funded programmes. We helped 127 social enterpreneurs to start their own social enterprises, ran 12 social enterprise network meetings and a series of masterclasses on social enterprise issues suggested by our clients. We also ran the North East Social Enterprise Festival alongside the Coronation Big Lunch in May 2023 with over 3000 visitors.We also worked with 45 existing organisations to help them become more social enterprising through our consultancy services.
Consultation with stakeholders
We work closely with our social enterprise network as well as with stakeholders from the public and private sector and as part of our membership of Social Enterprise UK.Our support programmes are designed following consultation with these stakeholders and have a high rate of success as a result.
Directors' remuneration
The Directors were paid a total of £40,000 during the financial year.
Transfer of assets
No transfer of assets other than for full consideration
This report was approved by the board of directors on
25 March 2024
And signed on behalf of the board by:
Name: Katherine Welch
Status: Director