for the Period Ended 31 December 2022
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2022 | 2021 | |
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| £ | £ |
Turnover: | | |
Gross profit(or loss): | | |
Distribution costs: | ( | ( |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | ( |
Interest payable and similar charges: | ( | |
Profit(or loss) before tax: | ( | ( |
Profit(or loss) for the financial year: | ( | ( |
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 6 | ( | ( |
Total net assets (liabilities): | ( | ( | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | ( | ( | |
Total Shareholders' funds: | ( | ( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2022
Basis of measurement and preparation
for the Period Ended 31 December 2022
2022 | 2021 | |
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Average number of employees during the period | | |
for the Period Ended 31 December 2022
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2022 | | | | |||
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2022 | | | | |||
Depreciation | ||||||
At 1 January 2022 | | | | |||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 31 December 2022 | | | | |||
Net book value | ||||||
At 31 December 2022 | | | | |||
At 31 December 2021 | | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
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£ | £ | |
Other debtors | | |
Total | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Total | | |
The first quarter of the year was spent completing the space renovation and interior set up towards compliance with the Council's planning, building and licensing regulations.Full compliance and licensing was granted in April, and activities resumed gradually starting from May.The space now has a calendar or events and regular activities (e.g. film night, textile club, open mic, experimental music night, and more) and an excellent user base and reviews.Since last July, the community is invited to co-curate the program with the director:-.. This is particularly intresting because:-This give:-. a snapshot local demographics, and their preferences and needs- Enhances communication between all parts involved- Greatly enriches the program of activities- Boosts promotion Attracts people willing to volunteer.For example. we have recently launched the fortnightly Home Energy Hub led by a local engineer who explains and discusses how to understand energy, reduce bills, insulation and drought proofing and more.Saturdays are mainly reserved to birthday parties and other functions, with excellent reviews.We are currently launching a Soup Kitchen that will take place every Wednesday and Sunday starting from October, serving free soup and more for two hours around lunchtime. We're also setting up a Free Shop in the entrance space where people can take what they need free of charge and drop what they don't.Poverty and isolation are the main issues that we work 011. This October we are also going to take part in the Challenge Poverty Week 2022.We are thrilled to see that our original idea to engage with a cross section of the community as wide as possible also in terms of age, background and personal preference, and to encourage communication and mutual support beyond all categories is gradually happening with extremely exciting results.
The company's main stakeholder is the community of\ciftonville, and especially that of the North down Road area.Participation has been growing over time and as we promote activities, as we expand the program, and even as we simply "are there" for local people as a safe, affordable and welcoming space for all. The cafe and bistro (managed by a separate company) is a real magnet that attracts the public as it offers a high-quality menu at the lowest prices in town, with excelled reviews. The two entities (social space/ CIC+ cafe) work together in excellent balance.We regularly invite the local Ward's Councillors to meet their constituents in an informal environment. We believe that inviting dialogue with our local politicians and creating opportunities for everybody to see how the Council is itself a part of the community - and in no way to be seen as an antagonist - is key to development and harmony in the neighborhood. Last February we have formed an Advisory Committee of local residents who give feedback on the progress of the company, primarily in terms of community impact, with advice on how to enhance it further. We have appointed one newNon-Executive Director, and are currently in the process of appointing a second one. Since the two original directors are related (married couple), this creates more balance in the management and gives the company access to more funding opportunities
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 September 2023
And signed on behalf of the board by:
Name: Franca Letizia PAULI
Status: Director