WEE CHANCE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
SC717080 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 8 December 2021

End date: 31 December 2022

WEE CHANCE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WEE CHANCE COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2022

Notes 13 months to 31 December 2022


£
Fixed assets
Intangible assets:   0
Tangible assets: 3 159
Investments:   0
Total fixed assets: 159
Current assets
Stocks: 4 3,400
Debtors:   0
Cash at bank and in hand: 1,700
Investments:   0
Total current assets: 5,100
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 5,100
Total assets less current liabilities: 5,259
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 5,259
Members' funds
Profit and loss account: 5,259
Total members' funds: 5,259

The notes form part of these financial statements

WEE CHANCE COMMUNITY INTEREST COMPANY

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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 6 October 2023
and signed on behalf of the board by:

Name: Laura Kerr
Status: Director

The notes form part of these financial statements

WEE CHANCE COMMUNITY INTEREST COMPANY

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

WEE CHANCE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    13 months to 31 December 2022
    Average number of employees during the period 0

WEE CHANCE COMMUNITY INTEREST COMPANY

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 £ £ £ £ £ £
Additions 659 659
Disposals
Revaluations
Transfers
At 31 December 2022 659 659
Depreciation
Charge for year 500 500
On disposals
Other adjustments
At 31 December 2022 500 500
Net book value
At 31 December 2022 159 159

WEE CHANCE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

13 months to 31 December 2022
£
Stocks 3,400
Payments on account 0
Total 3,400

COMMUNITY INTEREST ANNUAL REPORT

WEE CHANCE COMMUNITY INTEREST COMPANY

Company Number: SC717080 (Scotland)

Year Ending: 31 December 2022

Company activities and impact

Wee Chance runs pop up stores selling second hand baby clothes from specific sustainable brands. The company also runs a free donated clothing collection service for the community and re-sells the donations or passes them on to charity. In 2022, Wee Chance ran 4 pop up store events. These pop up stores benefited the community in the following ways:- Provided the community access to affordable second hand baby clothing from sustainable brands.- The stores ran as community events with activities for kids in the store, as well as retail. Parents were arriving in groups and would then going on for lunch or coffee in the centre. - Partnered with other local businesses, for example a soft play company built a soft play area at the front of the store, which provided an area for parents and kids to relax for free.- Partnered with local charities e.g. NCT Edinburgh, providing a service to their members and an easy way to sustainably buy and donate baby clothes.- From a sustainability perspective Wee Chance sourced over 1300 items of second hand clothing and sold 755 items of stock.- Provided an opportunity for parents to speak about sustainability and ask questions on the reality of the baby clothing industry.- Offered volunteer opportunities to 10+ people, who had the opportunity to give back to the community.

Consultation with stakeholders

Wee Chance’s stakeholders are residents of Edinburgh, specifically parents and carers for babies and toddlers. The directors of the company have lived in area for a number of years and developed the business model based on market research speaking to the local community.During the pop up events, the volunteers asked how people had heard about Wee Chance and what they were looking for when it came to sustainability in baby clothes. This allowed the company to tailor its business plan and form stronger partnerships.

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
6 October 2023

And signed on behalf of the board by:
Name: Laura Kerr
Status: Director