KINGSMERE COMMUNITY CENTRE C.I.C.

Company limited by guarantee

Company Registration Number:
11600434 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2022

Period of accounts

Start date: 1 November 2021

End date: 31 October 2022

KINGSMERE COMMUNITY CENTRE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2022

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

KINGSMERE COMMUNITY CENTRE C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2022

2022 2021


£

£
Turnover: 87,517 55,941
Cost of sales: ( 6,425 ) ( 2,672 )
Gross profit(or loss): 81,092 53,269
Distribution costs: 0 0
Administrative expenses: ( 44,485 ) ( 40,619 )
Other operating income: 0 10,420
Operating profit(or loss): 36,607 23,070
Profit(or loss) before tax: 36,607 23,070
Tax: ( 2,795 ) ( 4,383 )
Profit(or loss) for the financial year: 33,812 18,687

KINGSMERE COMMUNITY CENTRE C.I.C.

Balance sheet

As at 31 October 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 6,432 0
Investments:   0 0
Total fixed assets: 6,432 0
Current assets
Debtors: 4 16,668 4,131
Cash at bank and in hand: 21,114 21,848
Total current assets: 37,782 25,979
Creditors: amounts falling due within one year: 5 ( 2,795 ) ( 4,383 )
Net current assets (liabilities): 34,987 21,596
Total assets less current liabilities: 41,419 21,596
Total net assets (liabilities): 41,419 21,596
Members' funds
Profit and loss account: 41,419 21,596
Total members' funds: 41,419 21,596

The notes form part of these financial statements

KINGSMERE COMMUNITY CENTRE C.I.C.

Balance sheet statements

For the year ending 31 October 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 30 July 2023
and signed on behalf of the board by:

Name: Mark Leech
Status: Director

The notes form part of these financial statements

KINGSMERE COMMUNITY CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 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

KINGSMERE COMMUNITY CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 3 7

KINGSMERE COMMUNITY CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2021 0 0 0
Additions 4,718 1,714 6,432
Disposals
Revaluations
Transfers
At 31 October 2022 4,718 1,714 6,432
Depreciation
At 1 November 2021 0 0 0
Charge for year
On disposals
Other adjustments
At 31 October 2022 0 0 0
Net book value
At 31 October 2022 4,718 1,714 6,432
At 31 October 2021 0 0 0

KINGSMERE COMMUNITY CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2022

4. Debtors

2022 2021
£ £
Trade debtors 16,668 4,131
Total 16,668 4,131

KINGSMERE COMMUNITY CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Taxation and social security 2,795 4,383
Total 2,795 4,383

COMMUNITY INTEREST ANNUAL REPORT

KINGSMERE COMMUNITY CENTRE C.I.C.

Company Number: 11600434 (England and Wales)

Year Ending: 31 October 2022

Company activities and impact

Kingsmere Community Centre C.I.C. LtdCommunity Interest Annual Report 2021-2022General Description of the company’s activities and impactThe company runs the community centre on the local estate, with a particular emphasis on local business activities that can be run for the community. The centre opened for business in 2018 and has been growing steadily with more classes and activities being added each month. The centre was affected during the current trading year due to COVID-19 causing closure. However, the centre remained viable after the initial lockdown and services were still offered to those groups who were eligible. During the financial year 2021-2022, the centre’s activities have benefited the community in the following ways:The centre has continued to offer classes, activities and groups the space to reach out to the community.The centre has provided work for local business’s such as cleaning and catering for parties and events.The seating area has given the local residents who are less able to travel an area to meet and socialise in comfort.

Consultation with stakeholders

The CICs stakeholders are the residents in the estate, who are updated via regular notifications on the Facebook page that was created. Guidelines on the centre use was implemented and upheld so that users were expected to leave it as it was found so others could use it afterwards.

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
30 July 2023

And signed on behalf of the board by:
Name: Mark Leech
Status: Director