The Wonder Lab Project C.I.C.

The financial statements have been prepared in accordance with the Companies Act 2006, the Community Interest Company Regulations 2005, and FRS 102 Section 1A – The Financial Reporting Standard applicable in the UK and Republic of Ireland. The company is a private company limited by guarantee without share capital. Income Income, including grants and trading income, is recognised when the company becomes entitled to the funds, the amount can be measured reliably, and receipt is probable. Grant income is recognised in line with FRS 102 Section 24. Expenditure Expenditure is recognised on an accruals basis and includes all costs directly attributable to the delivery of the company’s educational activities. Taxation The company is subject to Corporation Tax. Deferred and current tax are recognised in accordance with FRS 102 Section 29. No tax is payable for the period due to a trading deficit. Directors’ Responsibilities Statement The director is responsible for preparing the financial statements in accordance with applicable law and regulations. The director confirms that: Appropriate accounting policies have been applied consistently Reasonable accounting judgements have been made The accounts have been prepared on a going concern basis Community Interest Statement (CIC Report – summary) Wonderlab Project CIC was established to provide primary education and educational support services for community benefit. During the period, all income was applied solely towards the delivery of educational services and associated digital infrastructure. No profits were distributed, and the company operated fully within the asset lock provisions of a Community Interest Company. Stakeholders engaged during the period included learners, families, and educational partners. The director received no remuneration. Corporation Tax Statement For the period ended 30 June 2025, the company generated a trading deficit of £1,615.92. As a result, no Corporation Tax is payable. The loss will be carried forward and offset against future taxable surpluses in accordance with UK tax legislation.