MAGNIFY BIBLE TOURS C.I.C.

Company limited by guarantee

Company Registration Number:
13197398 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

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Contents of the Financial Statements

for the Period Ended 28 February 2023

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

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Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Directors

The director shown below has held office during the whole of the period from
1 March 2022 to 28 February 2023

Paul Bushell


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
12 September 2023

And signed on behalf of the board by:
Name: Paul Bushell
Status: Director

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Profit And Loss Account

for the Period Ended 28 February 2023

2023 13 months to 28 February 2022


£

£
Turnover: 30,271 60,888
Cost of sales: ( 9,368 ) ( 1,701 )
Gross profit(or loss): 20,903 59,187
Administrative expenses: ( 23,733 ) ( 24,492 )
Operating profit(or loss): (2,830) 34,695
Interest receivable and similar income: 23
Profit(or loss) before tax: (2,807) 34,695
Tax: ( 6,344 )
Profit(or loss) for the financial year: (2,807) 28,351

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Balance sheet

As at 28 February 2023

Notes 2023 13 months to 28 February 2022


£

£
Fixed assets
Tangible assets: 3 656 997
Total fixed assets: 656 997
Current assets
Debtors: 4 22,425 25,425
Cash at bank and in hand: 13,943 22,079
Total current assets: 36,368 47,504
Creditors: amounts falling due within one year: 5 ( 11,480 ) ( 20,150 )
Net current assets (liabilities): 24,888 27,354
Total assets less current liabilities: 25,544 28,351
Total net assets (liabilities): 25,544 28,351
Members' funds
Profit and loss account: 25,544 28,351
Total members' funds: 25,544 28,351

The notes form part of these financial statements

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Balance sheet statements

For the year ending 28 February 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 12 September 2023
and signed on behalf of the board by:

Name: Paul Bushell
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value addedtaxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover isreduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value,over their expected useful lives on the following bases:Computer Equipment SLM @33.33%

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Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 13 months to 28 February 2022
    Average number of employees during the period 1 1

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Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 1,026 1,026
Additions
Disposals
Revaluations
Transfers
At 28 February 2023 1,026 1,026
Depreciation
At 1 March 2022 29 29
Charge for year 341 341
On disposals
Other adjustments
At 28 February 2023 370 370
Net book value
At 28 February 2023 656 656
At 28 February 2022 997 997

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Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

2023 13 months to 28 February 2022
£ £
Other debtors 22,425 25,425
Total 22,425 25,425

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Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

2023 13 months to 28 February 2022
£ £
Taxation and social security 6,567
Accruals and deferred income 1,152 1,485
Other creditors 10,328 12,098
Total 11,480 20,150

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 13197398 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

Community Benefit Statement – March 2022 to February 2023Magnify Bible Tours CIC has been very active during this period and coped with a great deal of challenges with the lifting of Covid restrictions. Museums and institutions in London gradually opened up and more individuals started travelling, so we made a return to “in-person” tours in many locations in London. We did this in way that made visitors as safe as possible, with full implementation of Covid protection guidelines. On the other hand, as generally people returned to work and pre-Covid lifestyles returned, there was a much-reduced demand for virtual tours. During this period, we developed and rolled out a tour at the Wiener Holocaust Library in London and made it available both in person and virtually. This has been a very important tour in highlighting the persecution experienced by many during the Nazi years in Germany and Europe, and focussing on those who resisted the Nazi ideology – showing why they resisted and how they were able to do it. This tour has already benefitted hundreds and we look forward to having many more join us. We have provided 1,147 1 to 1.5 hour long tours for a total of 6,534 individuals, including 438 children. Of these 901 tours were conducted virtually and 246 in-person.The in-person tours with 1,878 individuals attending brought many visitors to London, a significant number from the USA, Australia and Europe. Of these many stated that enjoying one of our tours was a principal reason for visiting the UK.Each one of these tours provided significant educational value, as they presented thoroughly researched information in an enjoyable and accessible way. All the tours were totally interactive, with a live guide and plenty of question and answer interaction, as opposed to recorded videos.During the period March 2022 to February 2023, our tours (virtual and in-person) have raised £2,591 for the institutions such as the British Museum, the Natural History Museum, Wiener Holocaust Library, the British Library and the Israel Museum. Many of those making use of the virtual tours had greatly desired to visit these institutions, but through age, disability or distance would be unable to visit in person. Many expressed how they really appreciated being able to “visit” these places virtually. At the same time, for those who would otherwise have travelled to these locations, viewing the tours virtually greatly reduced the environmental cost of travelling.

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
12 September 2023

And signed on behalf of the board by:
Name: Paul Bushell
Status: Director