Contents of the Financial Statements

for the Period Ended 31 August 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Directors

The directors shown below have held office during the whole of the period from
1 September 2022 to 31 August 2023

Rosie Spiegelhalter
Katherine Heather Burgess
Rishiraj Goenka
Keith McGuiness
Helen Maree Gribble
Matthew Pepler
Suhan Rajkumar
Charles Edward Meirion Whitehead
Filimon Weldeslase Berhane

The director shown below has held office during the period of
1 September 2022 to 27 September 2022

Emily Caroline Grant

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
26 April 2024

And signed on behalf of the board by:
Name: Keith McGuiness
Status: Director

Profit And Loss Account

for the Period Ended 31 August 2023

	2023	2022
	£	£
Turnover:	594,183	682,408
Cost of sales:	( 642,965 )	( 632,426 )
Gross profit(or loss):	(48,782)	49,982
Operating profit(or loss):	(48,782)	49,982
Interest receivable and similar income:	4,678	1,111
Profit(or loss) before tax:	(44,104)	51,093
Profit(or loss) for the financial year:	(44,104)	51,093

Balance sheet

As at 31 August 2023

	Notes	2023	2022
		£	£
Current assets
Debtors:	3	64,866	12,704
Cash at bank and in hand:		301,198	381,714
Total current assets:		366,064	394,418
Creditors: amounts falling due within one year:	4	( 98,559 )	( 82,809 )
Net current assets (liabilities):		267,505	311,609
Total assets less current liabilities:		267,505	311,609
Total net assets (liabilities):		267,505	311,609
Members' funds
Profit and loss account:		267,505	311,609
Total members' funds:		267,505	311,609

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 August 2023 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 August 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

  Turnover policy

  Income is recognised when the charity has entitlement to the funds: this is when any performance conditions attached to the income have been met, it is probable that the income will be received, and that the amount can be measured reliably.Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that adistribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.Income is only deferred when: the donor specifies that the grant or donation must only be used in future accounting periods; or for performance related grants, where these are received in advance of the performances or specific event to which they relate. Donated professional services and donated facilities are recognised as income when the charity has control over reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to thetrustees’ annual report for more information about their contribution.Expenditure on charitable activities includes the costs of delivering services and reading activities undertaken tofurther the purposes of the charity and their associated support costs.Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to makevoluntary contributions to it, as well as the cost of any activities with a fundraising purpose.On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value ofthe gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilitiesof equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure inthe period of receipt

  Tangible fixed assets depreciation policy

  Tangible fixed assets (excluding investments) are stated at cost less depreciation. The cost of minor additions or those costing less than £500 are not capitalised. Depreciation is provided at rates calculated to write off the costless estimated residual value of each asset over its expected useful life. For equipment, this is 25% Straight LineBasis

  Valuation information and policy

  Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in therelevant accounting policy or note.

Notes to the Financial Statements

for the Period Ended 31 August 2023

• 2. Employees

  	2023	2022
  Average number of employees during the period	16	16