GOODMONEY CIC

Company limited by guarantee

Company Registration Number:
09108813 (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

GOODMONEY 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

GOODMONEY 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

Principal activities of the company

The aims and objectives of the Company are to develop an exchange network and complementary currencies in and aroundBrighton & Hove.



Directors

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

HUGHES, Simon John Caleb
TAYLOR, Michael, Dr
TURNER, Charlie Norman
WEBB, Daniel Christian


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: WEBB, Daniel Christian
Status: Director

GOODMONEY CIC

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 5,460 17,316
Gross profit(or loss): 5,460 17,316
Administrative expenses: ( 6,293 ) ( 6,278 )
Operating profit(or loss): (833) 11,038
Profit(or loss) before tax: (833) 11,038
Tax: ( 411 )
Profit(or loss) for the financial year: (833) 10,627

GOODMONEY CIC

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 952 1,451
Total fixed assets: 952 1,451
Current assets
Cash at bank and in hand: 3,112 7,480
Total current assets: 3,112 7,480
Creditors: amounts falling due within one year: 4 ( 2,291 ) ( 3,137 )
Net current assets (liabilities): 821 4,343
Total assets less current liabilities: 1,773 5,794
Creditors: amounts falling due after more than one year: 5 ( 2,673 ) ( 5,861 )
Total net assets (liabilities): (900) (67)
Members' funds
Profit and loss account: (900) ( 67)
Total members' funds: ( 900) (67)

The notes form part of these financial statements

GOODMONEY 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: WEBB, Daniel Christian
Status: Director

The notes form part of these financial statements

GOODMONEY 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

    Tangible fixed assets depreciation policy

    Plant & machinery 33.3% Straight LineComputer equipment 25% Straight Line

GOODMONEY 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

GOODMONEY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 9,669 1,299 10,968
Additions
Disposals
Revaluations
Transfers
At 31 December 2022 9,669 1,299 10,968
Depreciation
At 1 January 2022 9,246 271 9,517
Charge for year 175 324 499
On disposals
Other adjustments
At 31 December 2022 9,421 595 10,016
Net book value
At 31 December 2022 248 704 952
At 31 December 2021 423 1,028 1,451

GOODMONEY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Creditors: amounts falling due within one year note

2022 2021
£ £
Taxation and social security 568 567
Accruals and deferred income 499 1,346
Other creditors 1,224 1,224
Total 2,291 3,137

GOODMONEY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Other creditors 2,673 5,861
Total 2,673 5,861

COMMUNITY INTEREST ANNUAL REPORT

GOODMONEY CIC

Company Number: 09108813 (England and Wales)

Year Ending: 31 December 2022

Company activities and impact

The company continued to operate a multi-merchant paper gift voucher for independent local businesses, generating extra sales and exposure for its member businesses.

Consultation with stakeholders

No consultation with stakeholders

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: Daniel Webb
Status: Director