THE LORAX INITIATIVE CIC

Company limited by guarantee

Company Registration Number:
13098727 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

THE LORAX INITIATIVE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2022

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

THE LORAX INITIATIVE CIC

Directors' report period ended 31 December 2022

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

Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Alexander Kann
Bryony Allan
Natasha Cox
Fenella Grey
Andy Grieve
Mark Hudson
Sarah Slotover
David Zell


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: Natasha Cox
Status: Director

THE LORAX INITIATIVE CIC

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 41,790 15,737
Gross profit(or loss): 41,790 15,737
Administrative expenses: ( 41,790 ) ( 15,737 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

THE LORAX INITIATIVE CIC

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Current assets
Cash at bank and in hand: 43,520 85,310
Total current assets: 43,520 85,310
Creditors: amounts falling due within one year: 3 ( 43,520 ) ( 85,310 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

THE LORAX INITIATIVE CIC

Balance sheet statements

For the year ending 31 December 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 29 September 2023
and signed on behalf of the board by:

Name: Natasha Cox
Status: Director

The notes form part of these financial statements

THE LORAX INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    Turnover policy

    The company does not trade at this particular point, it receives grant funding towards non income-generating projects.

    Other accounting policies

    Grant incomeGrants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with. They are accounted for on an accruals basis.

THE LORAX INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

THE LORAX INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Creditors: amounts falling due within one year note

2022 2021
£ £
Accruals and deferred income 43,520 85,310
Total 43,520 85,310

COMMUNITY INTEREST ANNUAL REPORT

THE LORAX INITIATIVE CIC

Company Number: 13098727 (England and Wales)

Year Ending: 31 December 2022

Company activities and impact

The company conducts activities including by identifying, researching and raising awareness of local issues in planning and development. In particular this relates to the environmental, noise and traffic impacts of commercial and industrial developments in residential areas and near civic buildings including schools, libraries, parks, hospitals and care homes.

Consultation with stakeholders

The company’s stakeholders are residents, schools, public buildings and businesses affected by the development of local fulfilment centres. In particular these are stakeholders features inthe case studies in the forthcoming research report on this (including developments in the Bush Estate in Tufnell Park and Spring Place in Kentish Town).These stakeholders are concerned about safeguarding their communities from inappropriate developments in urban areas along with the negative health, poor air quality and pollution and climate impacts of such developments.The company will also seek to engage stakeholders involved in local planning to disseminate the learnings from the report, raising awareness for best practice relating to the appropriate locations for new fulfilment centres and the need for full transparency, impact assessments and consultation with the community in any such developments.

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
29 September 2023

And signed on behalf of the board by:
Name: Natasha Cox
Status: Director