BIRCH VALE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13111554 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2022

Period of accounts

Start date: 4 January 2021

End date: 31 January 2022

BIRCH VALE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 January 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BIRCH VALE COMMUNITY INTEREST COMPANY

Directors' report period ended 31 January 2022

The directors present their report with the financial statements of the company for the period ended 31 January 2022

Principal activities of the company

The principal activities of the company during the period was providing support to community members to alleviate fuel poverty. To strengthen the resilience of local energy supply and to design new clean energy generation systems.



Directors

The director shown below has held office during the whole of the period from
4 January 2021 to 31 January 2022

Daniel OConnell


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
31 July 2022

And signed on behalf of the board by:
Name: Daniel OConnell
Status: Director

BIRCH VALE COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 January 2022

13 months to 31 January 2022


£
Turnover: 58,026
Cost of sales: ( 33,782 )
Gross profit(or loss): 24,244
Distribution costs: ( 1,797 )
Administrative expenses: ( 22,143 )
Operating profit(or loss): 304
Profit(or loss) before tax: 304
Tax: ( 57 )
Profit(or loss) for the financial year: 247

BIRCH VALE COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 January 2022

Notes 13 months to 31 January 2022


£
Fixed assets
Tangible assets: 3 2,000
Total fixed assets: 2,000
Current assets
Debtors: 4 81,957
Cash at bank and in hand: 1,250
Total current assets: 83,207
Net current assets (liabilities): 83,207
Total assets less current liabilities: 85,207
Total net assets (liabilities): 85,207
Members' funds
Profit and loss account: 85,207
Total members' funds: 85,207

The notes form part of these financial statements

BIRCH VALE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 January 2022 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.

This report was approved by the board of directors on 31 August 2022
and signed on behalf of the board by:

Name: Daniel OConnell
Status: Director

The notes form part of these financial statements

BIRCH VALE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2022

  • 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

BIRCH VALE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2022

  • 2. Employees

    13 months to 31 January 2022
    Average number of employees during the period 2

BIRCH VALE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 2,400 2,400
Disposals
Revaluations
Transfers
At 31 January 2022 2,400 2,400
Depreciation
Charge for year 400 400
On disposals
Other adjustments
At 31 January 2022 400 400
Net book value
At 31 January 2022 2,000 2,000

BIRCH VALE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2022

4. Debtors

13 months to 31 January 2022
£
Other debtors 81,957
Total 81,957

COMMUNITY INTEREST ANNUAL REPORT

BIRCH VALE COMMUNITY INTEREST COMPANY

Company Number: 13111554 (England and Wales)

Year Ending: 31 January 2022

Company activities and impact

The company has supported the local community to improve the energy performance of buildings providing fully funded energy audits, low cost abatement measures and helping to support community members who are experiencing fuel poverty.- We have created 2 employment opportunities for local residents.- Our energy advice service has provided meaningful support to 10 residents. Reducing energy consumption by 10,000 KWh and associated carbon emissions of over 2 tonnes CO2e.The company also continues to work towards the development of an innovative new clean and affordable heat and power system for the community.

Consultation with stakeholders

The company’s stakeholders are residents of and visitors to Birch Vale, High Peak, Derbyshire. The directors of the company have lived and worked in the area for a number of years and developed the business model for the new energy system based on their experience of talking to other residents.As part of our feasibility study, conducted in 2021 we held a number of community events to gather information, thoughts and aspirations from across the community that has helped us shape our organisation. We are currently reaching out to members of the community to join the organisation at board level and have several events planned as part of our development phase project.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 July 2022

And signed on behalf of the board by:
Name: Daniel OConnell
Status: Director