CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
10641867 (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

CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

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

CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

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 directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023

Sharon Lashley
Jennifer Robson
Julie Harrison


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

Philip Macari


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
28 November 2023

And signed on behalf of the board by:
Name: Sharon Lashley
Status: Director

CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 29,050 24,841
Cost of sales: ( 4,317 ) ( 7,931 )
Gross profit(or loss): 24,733 16,910
Administrative expenses: ( 25,163 ) ( 15,916 )
Operating profit(or loss): (430) 994
Interest payable and similar charges: ( 11 ) ( 18 )
Profit(or loss) before tax: (441) 976
Tax: ( 174 )
Profit(or loss) for the financial year: (441) 802

CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 3,911 3,382
Cash at bank and in hand: 561 2,748
Total current assets: 4,472 6,130
Creditors: amounts falling due within one year: 4 ( 1,558 ) ( 2,300 )
Net current assets (liabilities): 2,914 3,830
Total assets less current liabilities: 2,914 3,830
Creditors: amounts falling due after more than one year: 5 ( 2,612 ) ( 3,087 )
Total net assets (liabilities): 302 743
Members' funds
Profit and loss account: 302 743
Total members' funds: 302 743

The notes form part of these financial statements

CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

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

Name: Sharon Lashley
Status: Director

The notes form part of these financial statements

CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

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 added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.Rendering of servicesTurnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Other accounting policies

    TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 3

CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Debtors

2023 2022
£ £
Trade debtors 3,911 3,382
Total 3,911 3,382

CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 475 475
Trade creditors 723 1,291
Taxation and social security 174
Accruals and deferred income 360 360
Total 1,558 2,300

CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2023

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

2023 2022
£ £
Bank loans and overdrafts 2,612 3,087
Total 2,612 3,087

COMMUNITY INTEREST ANNUAL REPORT

CLIMATE ACTION NORTH COMMUNITY INTEREST COMPANY

Company Number: 10641867 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

In the past year 2022 to 2023 we have undertaken the following activities:- Pollinator Parks Delivered a Pollinator Parks project to Darlington Borough Council Denes Park working with the local community to plant over 700 wildflowers in the Dene to increase biodiversity, provide a haven for insects and birds, and provide a space for the local community to enjoy, benefitting mental health. Business Action Toolkit & Consultancy Continued to promote our Online Business Action Toolkit to businesses, communities, and other organizations who need assistance to take action on climate change as well as developing their Net Zero plans. In May 2022 we secured funding to deliver consultancy work to the North East Business Innovation Centre and design their Net Zero Strategy and business plan. Networking We set up and rebranded our Green Recovery Action Network to Net Zero Matters and continued to recruit members to this network, helping to spread the climate action message as well as providing an online space to network with others. Events In February 2022 we celebrated our 5th year anniversary with a blog and as part of the Dalton Park Eco Festival. In June 2022 we celebrated World Environment Day at a launch event for the Bees of Bensham project and we secured funding to deliver activities for this project. On 8th June we took part in a beach clean with local partners North East Animals Asia Coast Project Sunderland and Explore Seascapes.On 10th June we held an event at Rainton Meadows “The Greatest Threat to our Planet #OnlyOneEarth”On 16th June we exhibited at the Durham University Greenspace Festival an event that featured stalls, talks, and networking In November 2022 we held a Net Zero networking event at Quorum Business Park and invited local businesses to join us to find out more about our services – the event was attended by over 20 businesses. In December 2022 we planted over 100 trees at Dalton Park as part of our sponsorship and also as part of the organisation's green mission – Dalton Park continues to be a Climate Action North sponsor and supports our ongoing work In February 2023 we celebrated our 6th year in business and we held an anniversary event for corporate sponsors, our patrons, and also our followers. Global Wilders - we continue to recruit schools and communities for the Global Wilders program and have many projects planned for March 2023 onwardsFunded projects - We completed our funded research project for Rewilding Britain and continued to work with the Seagrass clients in the North East with a view to holding an event in June 2023. We held a Seagrass Ocean Action Conference on World Oceans Day 8th June to showcase the project as well as gather experts in the North East. Book Wilding Online events – In March 2023 we set up our online Book Wilding events showcasing the many books about rewilding, nature, and climate change. In this year so far we have held over 10 events and featured 10 authors and their books. The events continue to run on a monthly basis. Blogs & Storytelling – we continue to use the medium of storytelling and blogs as a means of telling our Climate Action North story, we consider the blogs to be an extremely important and powerful tool in conveying our message which works really well as PR and Marketing support services too. All of our blogs can be found on our website www.climateactionnortheast.org.ukDirectors Meetings - We continue to hold monthly directors meetings and meetings to discuss the direction of the community interest company. We also liaise with our corporate sponsors who support and advise us on the social value of the services we provide to them as an organization and to their staff as volunteers for many of the activities we run. In June 2022 we recruited our new Ecology and Rewilding Director Phil Macari

Consultation with stakeholders

Our main stakeholders continue to be our corporate sponsors and we continue to consult with them as well as engaging regularly with the wide community, schools, businesses, and all interested parties. We are also working with many other social enterprises and have the fullsupport of Social Enterprise UK which we continue to maximise and connect with.Each time we run events or projects we obtain feedback and this in turn, drives our passion, enthusiasm, and ability to develop new projects, continue with successful projects, and connect with other organizations across the region to make a much bigger impact.We consider our work here at Climate Action North to be extremely important in achieving social impact, inspiring and supporting many communities and stakeholders as well as inspiring them to take climate action.

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
29 November 2023

And signed on behalf of the board by:
Name: Shaton Lashley
Status: Director