CARVING COMMUNITY CIC

Company limited by guarantee

Company Registration Number:
07522190 (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

CARVING COMMUNITY CIC

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CARVING COMMUNITY CIC

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 30 30
Cash at bank and in hand: 27 23
Total current assets: 57 53
Creditors: amounts falling due within one year: 4 ( 1,875 ) ( 998 )
Net current assets (liabilities): (1,818) (945)
Total assets less current liabilities: (1,818) ( 945)
Total net assets (liabilities): (1,818) (945)
Members' funds
Profit and loss account: (1,818) ( 945)
Total members' funds: ( 1,818) (945)

The notes form part of these financial statements

CARVING COMMUNITY 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.

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

Name: N Pitcher
Status: Director

The notes form part of these financial statements

CARVING COMMUNITY 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Other accounting policies

    TaxThe current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.Cash and cash equivalentsCash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.Trade debtorsTrade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.StocksStocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.Trade creditorsTrade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

CARVING COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

CARVING COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Debtors

2023 2022
£ £
Prepayments and accrued income 30 30
Total 30 30

CARVING COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 378 360
Other creditors 1,497 638
Total 1,875 998

COMMUNITY INTEREST ANNUAL REPORT

CARVING COMMUNITY CIC

Company Number: 07522190 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

Carving Community is a Community Interest Company that specialises in engaging with young people, their families and the community they live in. We take as our starting point, the belief that through building meaningful relationships using creativity and imagination, young people can transform their lives and develop a personal sense of authority.We maintain that each young person has their own unique gifts and qualities and it is through our professional engagement that we can reflect back to the individual what we have witnessed and support and encourage them to pursue those talents. Our work embraces destructive and complex behaviours expressed by young people and encourages them to incorporate their feelings into a creative process rather than being harmful to themselves, others or their environments.Our work centres on the practical use of hand tools such as axes, blades, draw knives, mauls and spades. We provide a safe outdoor environment in which our experienced team can work with and accommodate young people’s needs. Previous work has shown that creative work with tools can help to redirect negative, destructive behaviours and create positive outcome for the wider community.In 2022, we were pleased to be able to offer 1 small community project in North Tawton.Wild Bench, North Tawton, Live West HomesWorking with our partners at LiveWest, our aim was to support children and young people, with the help of their families, to decorate & ‘plant’ a hand made oak bench as part of an tree planting event at Barkers Way. This would provide a place to gather within their local community and encourage use of the outdoor space.The group was involved in: taking care of the work space & each other, playfully engaging with oak leaves in water, to learn more about the oak wood used to make the bench, before choosing 1 oak leaf as a template to decorate the bench using a punch hole method. Finally the group worked cooperatively to fix, finish and oil the bench before gathering for a celebratory photograph on completion.Who attended:A total of 30 local people attended including 15 children & young people between 2 - 17 years, 12 parents & supportive adults, and 3 LiveWest staff.What Participants said:"Some of my highlights of the day were seeing the mums getting involved, ... chatting with a baby on her lap, everyone planting trees especially ..and I think ... &...who did a lot of hard work, the wonderful engagement and creativity of the carving, and a volunteer having a few tears because she thought the event was so lovely.... who was very shy and had to be coaxed into a lot of the activities came up to me at the end to ask if we would be doing something like this again which I thought was a lovely compliment."- AK Community Connector, LiveWestWe would like to thank our funders, partners, facilitators, young assistants, volunteers and community makers for their support, willingness, good will and generosity of spirit. Carving Community CIC continues to believe that it is more important than ever to celebrate and cherish diversity and to create opportunities to dialogue with hands and hearts through our differences.Please see our websites and Facebook page for references to our projectswww.carvingcommunitycic.org www.carvingcommunity.com www.facebook.com/carvingcommunity

Consultation with stakeholders

Wild Bench, Barkers Way, North Tawton, Live West HomesWe have consulted via meeting, email discussion, media & social media with;Residents of Barkers Way via their LiveWest Community Connector:(a) To provide evidence of need, agree the project proposal & minimum age of children/young people involved based on ages of young residents.Live West Housing Association:(b) To agree funding, permission to work on site & fixing of the bench into the ground. Children & Parents at Barkers Way via their LiveWest Community Connector:(c) To agree ideas & initial designs to provide a bench for seating on common ground.(d) Location of the works space - to provide shelter & a safe working space for the group & no nuisance to nearby residents.(e) Timing of activity sessions to provide access to full age range of children & young people.(f) Location of the bench - where it will provide accessible seating.(g) Planning & Consent informed by consultation with Live West.(h) To agree celebratory photograph & evaluate the aims of the project & use.

Directors' remuneration

During the year Mr J Bond was paid £1,500 for services provided to the CIC as a contract facilitator. At the balance sheet date the amount due to Mr J Bond was £1,497.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 November 2023

And signed on behalf of the board by:
Name: N Pitcher
Status: Director