BROOME ISLAND COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
12566419 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

BROOME ISLAND COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 April 2023

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

BROOME ISLAND COMMUNITY INTEREST COMPANY

Directors' report period ended 30 April 2023

The directors present their report with the financial statements of the company for the period ended 30 April 2023

Principal activities of the company

In the third year of trading the company has continued to develop theBroome Island Site and expanded the range of facilities it can offer toclients. While the company continues not to make a profit its ability tocontinue to operate has not been diminished and is still a goingconcern.The Company has been successful in receiving grant funding fromTarmac. This has provided capital funding to allow the development ofthe site including improvement of the land, existing structure andexpansion of facilities. The funding will continue to be used and providebenefit to the site going into the next financial year. The Board iscommitted to continuing to invest in facilities and making the serviceoffered the best it can be.Going forward, the Company will continue to work with the communityand improve the facilities offered to the users. The Board understandsthe importance of breaking even and raising funds through trading toensure the financial security of the Company. The Board will makebetter use of marketing and local connections to improve visibility andto ensure the long term sustainability of the organisation.



Directors

The directors shown below have held office during the whole of the period from
1 May 2022 to 30 April 2023

Peter Clarke
Simon Walmsley
Benjamin Groombridge
Daniel Mears


The director shown below has held office during the period of
31 July 2022 to 30 April 2023

Edward Greenwood


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
26 May 2023

And signed on behalf of the board by:
Name: Peter Clarke
Status: Director

BROOME ISLAND COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 April 2023

2023 2022


£

£
Turnover: 11,390 5,166
Cost of sales: ( 11,496 ) ( 4,179 )
Gross profit(or loss): (106) 987
Administrative expenses: ( 4,530 ) ( 1,207 )
Operating profit(or loss): (4,636) (220)
Profit(or loss) before tax: (4,636) (220)
Tax: 0 0
Profit(or loss) for the financial year: (4,636) (220)

BROOME ISLAND COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 8,314 4,210
Total fixed assets: 8,314 4,210
Current assets
Debtors: 4 1,958 150
Cash at bank and in hand: 3,681 3,507
Total current assets: 5,639 3,657
Creditors: amounts falling due within one year: 5 ( 2,379 ) ( 73 )
Net current assets (liabilities): 3,260 3,584
Total assets less current liabilities: 11,574 7,794
Creditors: amounts falling due after more than one year: 6 ( 16,436 ) ( 8,021 )
Total net assets (liabilities): (4,862) (227)
Members' funds
Profit and loss account: (4,862) ( 227)
Total members' funds: ( 4,862) (227)

The notes form part of these financial statements

BROOME ISLAND COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 April 2023 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 26 May 2023
and signed on behalf of the board by:

Name: Daniel Mears
Status: Director

The notes form part of these financial statements

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    Property, Plant & Equipment: 10% flat line basis assuming no residualvalueMotor Vehicles: 10% flat line basis assuming no residual value

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 4,056 1,000 5,056
Additions 4,594 4,594
Disposals
Revaluations
Transfers
At 30 April 2023 8,650 1,000 9,650
Depreciation
At 1 May 2022 746 100 846
Charge for year 390 100 490
On disposals
Other adjustments
At 30 April 2023 1,136 200 1,336
Net book value
At 30 April 2023 7,514 800 8,314
At 30 April 2022 3,310 900 4,210

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,958 150
Total 1,958 150

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 2,379 73
Total 2,379 73

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2023

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

2023 2022
£ £
Other creditors 16,436 8,021
Total 16,436 8,021

COMMUNITY INTEREST ANNUAL REPORT

BROOME ISLAND COMMUNITY INTEREST COMPANY

Company Number: 12566419 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

In the third year of trading the company has continued to develop theBroome Island Site and expanded the range of facilities it can offer toclients. While the company continues not to make a profit its ability tocontinue to operate has not been diminished and is still a goingconcern.The Company has been successful in receiving grant funding fromTarmac. This has provided capital funding to allow the development ofthe site including improvement of the land, existing structure andexpansion of facilities. The funding will continue to be used and providebenefit to the site going into the next financial year. The Board iscommitted to continuing to invest in facilities and making the serviceoffered the best it can be.Going forward, the Company will continue to work with the communityand improve the facilities offered to the users. The Board understandsthe importance of breaking even and raising funds through trading toensure the financial security of the Company. The Board will makebetter use of marketing and local connections to improve visibility andto ensure the long term sustainability of the organisation.

Consultation with stakeholders

The company continues to consulate with the local community, especially within Barrow upon Soar, and the site's users to better our service and ensure that the organisation is fulling its objectives.

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
26 May 2023

And signed on behalf of the board by:
Name: Simon Walmsley
Status: Director