FUN 4 OVER 50'S CIC

Company limited by guarantee

Company Registration Number:
13231498 (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

FUN 4 OVER 50'S CIC

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

FUN 4 OVER 50'S CIC

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

Principal activities of the company

The company's principal activity during the year continued to be sports and recreation.



Directors

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

P A Gianelli


The director shown below has held office during the period of
26 November 2022 to 28 February 2023

H D J Ortiz Munoz


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
3 November 2023

And signed on behalf of the board by:
Name: P A Gianelli
Status: Director

FUN 4 OVER 50'S CIC

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 11,030 17,216
Cost of sales: ( 31,775 ) ( 14,390 )
Gross profit(or loss): (20,745) 2,826
Administrative expenses: ( 7,624 ) ( 2,826 )
Other operating income: 29,709
Operating profit(or loss): 1,340 0
Profit(or loss) before tax: 1,340 0
Tax: ( 291 )
Profit(or loss) for the financial year: 1,049 0

FUN 4 OVER 50'S CIC

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 1,921 10,290
Total current assets: 1,921 10,290
Creditors: amounts falling due within one year: 3 ( 872 ) ( 10,290 )
Net current assets (liabilities): 1,049 0
Total assets less current liabilities: 1,049 0
Total net assets (liabilities): 1,049 0
Members' funds
Profit and loss account: 1,049 0
Total members' funds: 1,049 0

The notes form part of these financial statements

FUN 4 OVER 50'S CIC

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 3 November 2023
and signed on behalf of the board by:

Name: P A Gianelli
Status: Director

The notes form part of these financial statements

FUN 4 OVER 50'S CIC

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 ofdiscounts and value added taxes. Turnover includes revenue earned from the sale of goods andfrom the rendering of services. Turnover from the sale of goods is recognised when thesignificant risks and rewards of ownership of the goods have transferred to the buyer. Turnoverfrom the rendering of services is recognised by reference to the stage of completion of thecontract. The stage of completion of a contract is measured by comparing the costs incurred forwork performed to date to the total estimated contract costs.

    Other accounting policies

    Taxation:A current tax liability is recognised for the tax payable on the taxable profit of the current and pastperiods. A current tax asset is recognised in respect of a tax loss that can be carried back torecover tax paid in a previous period. Deferred tax is recognised in respect of all timingdifferences between the recognition of income and expenses in the financial statements and theirinclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognisedonly to the extent that it is probable that they will be recovered against the reversal of deferred taxliabilities or other future taxable profits. Deferred tax is measured using the tax rates and lawsthat have been enacted or substantively enacted by the reporting date and that are expected toapply to the reversal of the timing difference, except for revalued land and investment propertywhere the tax rate that applies to the sale of the asset is used. Current and deferred tax assetsand liabilities are not discounted.

FUN 4 OVER 50'S CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

FUN 4 OVER 50'S CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 291
Other creditors 581 10,290
Total 872 10,290

COMMUNITY INTEREST ANNUAL REPORT

FUN 4 OVER 50'S CIC

Company Number: 13231498 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

Fun 4 Over 50’s UK is a Private Limited by Guarantee company and was born on 27 February 2021, it was created to reach a wider audience of individuals over 50 years of age, to work closely with local authorities to provide subsidised or cost-free activities for communities. Fun 4 Over 50’s has benefited the community in the following ways:- Improving their sense of belonging, building bridges and relationships and change the lives of those experiencing loneliness and social isolation.- Improving their physical health with our different types of dance and exercises.- Participating in our cost-free range of activities, going out, playing bingo and share a dinner together.-After seen the usual gym or the usual dance classes studio in our community, we decide to do something different, we build bridges within immediate communities, we deliver results and above all, we care about our people.

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
3 November 2023

And signed on behalf of the board by:
Name: P A Gianelli
Status: Director