PARTY KIT NETWORK CIC

Company limited by guarantee

Company Registration Number:
12733258 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

PARTY KIT NETWORK CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

PARTY KIT NETWORK CIC

Directors' report period ended 31 July 2023

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

Directors

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

Isabel Mack
Dian Sofia Binte Azman Hisham
Sara Collick
Vibeke Fennell
Cheryl Harpin
Julie Savage


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
29 September 2023

And signed on behalf of the board by:
Name: Isabel Mack
Status: Director

PARTY KIT NETWORK CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 1,468 805
Cost of sales: ( 216 )
Gross profit(or loss): 1,468 589
Administrative expenses: ( 1,375 ) ( 747 )
Operating profit(or loss): 93 (158)
Profit(or loss) before tax: 93 (158)
Profit(or loss) for the financial year: 93 (158)

PARTY KIT NETWORK CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 23 58
Total fixed assets: 23 58
Current assets
Cash at bank and in hand: 673 546
Total current assets: 673 546
Creditors: amounts falling due within one year: 4 ( 798 ) ( 798 )
Net current assets (liabilities): (125) (252)
Total assets less current liabilities: (102) ( 194)
Total net assets (liabilities): (102) (194)
Members' funds
Profit and loss account: (102) ( 194)
Total members' funds: ( 102) (194)

The notes form part of these financial statements

PARTY KIT NETWORK CIC

Balance sheet statements

For the year ending 31 July 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.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: Isabel Mack
Status: Director

The notes form part of these financial statements

PARTY KIT NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

PARTY KIT NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

PARTY KIT NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 92 92
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 92 92
Depreciation
At 1 August 2022 34 34
Charge for year 35 35
On disposals
Other adjustments
At 31 July 2023 69 69
Net book value
At 31 July 2023 23 23
At 31 July 2022 58 58

PARTY KIT NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 798 798
Total 798 798

COMMUNITY INTEREST ANNUAL REPORT

PARTY KIT NETWORK CIC

Company Number: 12733258 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The Company maintains the website partykitnetwork.org, an online directory connecting thoseplanning a party with party kit lenders. The directory makes it easier for more people to accessreusable tableware locally and avoid unnecessary waste from single-use items such asdifficult-to-recycle disposable plates. Avoiding single-use items makes parties moresustainable by reducing waste and the loss of precious resources to landfill. The website wasfirst launched in 2019.The Company operates a single party kit with income directly funding the Company. All otherparty kits are run independently by Members who have registered with the Network and theCompany does not have operational responsibility for these party kits. The party kits arepredominately based in the UK and Australia, with a handful of kits in USA, New Zealand,Republic of Ireland and more.During the financial year 2022-2023 the Company’s activities have benefited the community inthe following ways:- Improved the accessibility of reusable tableware by adding 143 new Memberregistrations. An increase of 8% YoY.- The Company supported Members to lend their party kits avoiding the waste from over290,000 single-use items such as disposable plates, cups, bowls and cutlery (based onthe responses from 167 Members). An increase of 3.5% YoY.- Directly enabled party organisers to avoid 10,456 single-use items through hires of thesingle party kit operated by the Company in Winchester UK. An increase of 70% YoY.- There were 468 downloads of our free ‘Get Started’ guide which aims to inspire andsupport more people to set up party kits for their area.- Directly facilitated 1,352 booking enquiries via the online enquiry form available onparty kit listings. An increase of 30% YoY.- Indirectly supported a range of registered charities, school PTAs and local communityprojects as approx. 35% of party kits which charge for hires donate all or part of theirincome. (based the responses from 242 Members, 2021)- Increased awareness of the party kit concept through social media and partnerships

Consultation with stakeholders

The Company’s core stakeholders are Members of the Party Kit Network. Members are thosewho run party kits for their local community and have registered with us. Two members arealso on the Company's Board of Directors to ensure Members are always represented in keydecisions.The Company runs an active Facebook group community facilitating regular interactionbetween the Company and Members which helps us to better understand the needs of ourMembers and those looking to join. There are currently 1,383 Members in the group of which1,065 were actively engaged with the group over the last 28 days. We have run surveys viathe group in order to help inform our decision making, such as fundraising ideas or ourstrategy for setting up a public liability scheme, and responded to requests such as providingbooking management spreadsheet templates.The Company ran a Member Needs Survey in February 2023 which 52 Members participatedhelping to prioritise future website development plans.The Company runs an Annual Audit each July giving registered Members an opportunity toupdate us on the success of their party kit and feedback on how the Party Kit Network couldfurther support Members. A total of 167 Members participated in the 2023 Annual Audit (28%of the Network).The Company’s secondary stakeholders are those planning a party who have used our online directory to find and contact their local kit. This year we have consulted with thesestakeholders on a reactionary basis, either to resolve issues or answer queries.

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
12 September 2023

And signed on behalf of the board by:
Name: Isabel Mack
Status: Director