ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 ## _**SKILLSWISE COMMUNITY COLLEGE LIMITED**_ ## ANNUAL REPORT AND ACCOUNTS Year Ended 31 JULY 2024 ## REGISTERED CHARITY NUMBER 1137352 ## REGISTERED COMPANY NUMBER 06977296 [Type text] **2 |** P a g e ## ANNUAL REPORT AND ACCOUNTS CONTENTS: ||Page No.| |---|---| |Legal and Administrative information|1| |Trustees/Directors’ report|4| |Statement of Trustees’ responsibilities|5| |Accountants’ Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes forming part of the financial statements|9| SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential **3 |** P a g e ## **SKILLSWISE COMMUNITY COLLEGE LIMITED** ANNUAL REPORT AND ACCOUNTS SKILLSWISE COMMUNITY COLLEGE LIMITED is a charitable company limited by guarantee, incorporated on 19 November 2009. The company was registered under a memorandum of association, which established the objectives and powers of the company and is governed under its Articles of association dated on 30 JULY 2009. ## DIRECTORS AND TRUSTEES FOR THE YEAR ENDED ON 31 JULY 2024 The directors of the charitable company are it’s trustees for the purpose of charity law and throughout this report and are collectively referred as trustees. The appointed trustees are as follows:- Dr Hassan Nur – Chair Siyad Yusuf Abdi Mohamed REGISTERED COMPANY NUMBER 06977296 REGISTERED CHARITY NUMBER 1137352 REGISTERED OFFICE: 99C Coldharbour Lane Hayes Middlesex, Coldharbour Lane, Hayes, Middlesex, UB3 3EF BANKERS; BARCLAYS High street, Southall, London ACCOUNTANTS: Unit 8, 122-126 Coldharbour Lane, London, UB3 3HL SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential **4 |** P a g e ## TRUSTEES’ REPORT The trustees present their report and accounts for the year ended 31 JULY 2024. ## **Objectivities and Activities** - To provide education and training in the broadest sense. - To relieve unemployment for the benefit of the public in such ways as may be thought fit. - To preserve and protect good health. - To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential **5 |** P a g e ## STATEMENT OF TRUSTEES’ RESPONSIBILITIES: Company law requires the trustees to prepare financial statements that give a true and fair view of the organisation’s financial activities during the year and its financial position at the end of each financial year. In doing so, the trustees are required to: - ➢ Select suitable accounting policies and then apply them consistently - ➢ Make judgements and reasonable and prudent judgements - ➢ State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements - ➢ Prepare the financial statements on the going concern basis unless its inappropriate to presume that the organisation will continue in operation for the foreseeable future. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the company and enable them to ensure that the financial comply with applicable laws, regulations and the trust deeds. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities including money laundering. Signed on behalf of the trustees: Abdi Mohamed Trustee Date: 27/05/2025 SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential **6 |** P a g e ## **INDEPENDENT EXAMINER’S REPORT TO THE CHARITY TRUSTEES OF SKILLSWISE COMMUNITY COLLEGE LIMITED** I report to the trustees on my examination of the accounts of SKILLSWISE COMMUNITY COLLEGE LIMITED for the year ended 31 July 2024. Responsibilities and basis of report As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## Independent examiner’s statement I have completed by examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: Accounting records were not kept in respect of the Charity as required by section 130 of the Act; or The accounts do not accord with those records; or U The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. M Hassan - Accountant Date: 27/05/2025 SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential **7 |** P a g e STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) for the year ended 31 JULY 2024. ## **SKILLSWISE COMMUNITY COLLEGE LIMITED** ## **Statement of Financial Activities** ## **For the year ending 31 July 2024** |**Notes**
**_Incoming resources_**
From charitable activities
2
Investment income
2
**Total incoming resources**
**_Resources expended_**
Charitable activities
3
Governance costs
4
**Total Resources Expended**
Net resources for the year
Opening Fund balances at 1 August 2023
**Closing Fund balances at 31 July 2024**|**Unrestricted**
**funds**
**£**
43,124
-|**Restricted**
**funds**
**£**
-
-|
**2024**
**Total**
**£**
43,124
-|
**2023**
**Total**
**£**
32,000| |---|---|---|---|---| ||**43,124**|**-**|**43,124**|**32,000**| ||41,995
250|-
-|41,995
250|37,022
350| ||**42,245**|**-**|**42,245**|**37,372**| ||879
(2,381)|-
-|879
(2,381)|(5,372)
2,991| ||**(1,502)**|**-**|**(1,502)**|**(2,381)**| SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential **8 |** P a g e ## **SKILLSWISE COMMUNITY COLLEGE LIMITED** ## **Balance Sheet** ## **For the year ending 31 July 2024** |Notes
**_Fixed assets_**
Tangible assets
5
**_Current Assets:_**
Cash at bank and in hand
Total Current Assets
**_Creditors:_**_amounts falling_
due within one year
Creditors & Accruals
6
**_Net Assets_**
**_Funds of the charity:_**
Balance for the year
Balance brought forward|£
2,183|2024
£
4,467
(5,969)||£
385|2023
£
5,385
(7,767)| |---|---|---|---|---|---| ||2,183|||385|| ||-
(8,152)|||-
(8,152)|| ||(8,152)|||(8,152)|| |||(1,502)|||(2,381)| |||879
(2,381)|||(5,372)
2,991| |||(1,502)|||(2,381)| ## DIRECTORS’ STATEMENT: The directors acknowledge their responsibility for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential **9 |** P a g e accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company. The directors acknowledge their responsibility for ensuring the company keeps accounting records which comply with Section 386 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 30/04/2023 the company was entitled to exemption from audit under section 477 (2) of the Companies Act 2006 relating to small companies. Approved by the board on 04/09/2023 and signed on behalf of the board by: Abdi Mohamed ## NOTES 1 FORMING PART OF THE FINANCIAL STATEMENTS: - a) The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting standard of smaller entities (Effective March 2002) and follows the recommendations in accounting and reporting by - b) Resources expended are recognised in the period in which they are incurred and include attributable VAT which cannot be recovered - c) Revenue grants are credited to incoming resources on the earlier of when they are received on when they are due - d) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the organisation without further specified purpose and are available as general funds. - e) Restricted funds are to be used only for the specific purposes as laid down by the donor. ## **2. Grants and Donations NOTE 2 Voluntary Income** |**Grants and Donations**
**NOTE 2**
**Voluntary Income**||||| |---|---|---|---|---| ||||2024|2023| |**Donors**|Unrestricted Funds|Restricted Funds|Total|Total| ||£|£|£|£| |Rooms Hire Receivable|43,124|-|43,124|32,000| |Contributions|-|-|-|-| |Fees and Donations|-|-|-|-| |Sundries|-|-|-|-| SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential **10 |** P a g e ## **3a. Direct Charitable Expenditure NOTE 3a** ## **Direct Charitable Expenditure** |**3b. Support Costs**
Total Charitable Activities
Purchases
**EXPENSES**
Travel expenses
Utilities
Cleaning Cost
Subcontractors cost
Rent
Subscription
Salary
Depreciation
Bank charges, alarm and insurance
Admin and Management expenses
IT & Website work|Unrestricted Funds
£
4,766
1,079
7,995
23,050
183
570
2,652
69
-|Restricted Funds
£
-
-
-
-
-
-
-
-
-|2024
Total
2023
Total
£
£
4,766
6,889
1,079
-
7,995
-
23,050 26,600
183
120
570
171
2,652
1,823
69
400
-
-| |---|---|---|---| ||40,364|-|40,364 36,003| ||Unrestricted Funds
£
68
-
645
918|Restricted Funds
£
-
-
-
-|2024
Total
2023
Total
£
£
68
102
-
-
645
-
918
918| ||1,631|-|1,631
1,020| ||||| ||41,995|-|41,995 37,022| ## **4. Governance** Audit and Accountancy Legal and Professional Total Resources Expended |Unrestricted Funds
£
250
-|Restricted Funds
£
-
-|2024
Total
2023
Total
£
£
250
250
-
100| |---|---|---| |250|-|250
350| |||| SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential **11 |** P a g e ## **NOTE 5** ## **Tangible Fixed Assets** Fixed assets costing in excess of GBP1000 are capitalised and are shown at historical cost. Depreciation is provided, after taking into account of any grants receivable. Tangible Fixed Assets are depreciated at 10% straight line basis. |Cost
At 1 August 2023
Additions
At 31 July 2024
Depreciation
At 1 August 2023
Charge for period
At 31 July 2024
Net book values
At 31 July 2024
At 31 July 2023|Computers
£
3,250
-|Fixture & Fittings
£
5,929
-| |---|---|---| ||3,250|5,929| ||975
325|2,819
593| ||1,300|3,412| |||| ||1,950|2,517| |||| ||2,275|3,110| ## **NOTE 6** ## **CASH AT BANK AND IN HAND** The charity has a cash balance of 2183GBP in its bank account as at 31 July 2024 |**NOTE 7. Creditors and Accruals**
Accounting Fees 2023/2024
Creditors|2024
2023
£
£
7,902
7,902
250
250
8,152
8,152| |---|---| SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential **12 |** P a g e ## **NOTE 8 RESERVES:** The charity has accumulated a deficit balance of (1502GBP) for the financial year ended 31 July 2024 ## END SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential