THE WHITELANDS PROJECT CIC

Company limited by guarantee

Company Registration Number:
11898468 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

THE WHITELANDS PROJECT CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

THE WHITELANDS PROJECT CIC

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Additional information

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice United Kingdom Accounting Standards and applicable law. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to select suitable accounting policies and then apply them consistently, make judgments and accounting estimates that are reasonable and prudent, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.



Directors

The director shown below has held office during the whole of the period from
1 April 2022 to 31 March 2023

Mr Bede Robert


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
21 January 2024

And signed on behalf of the board by:
Name: Mr Bede Robert
Status: Director

THE WHITELANDS PROJECT CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 9,890 3,721
Cost of sales: ( 6,788 ) ( 1,675 )
Gross profit(or loss): 3,102 2,046
Administrative expenses: ( 4,059 ) ( 3,003 )
Other operating income: 957 957
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

THE WHITELANDS PROJECT CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 9,101 10,102
Total current assets: 9,101 10,102
Creditors: amounts falling due within one year: 3 ( 6,896 ) ( 8,632 )
Net current assets (liabilities): 2,205 1,470
Total assets less current liabilities: 2,205 1,470
Creditors: amounts falling due after more than one year: 4 ( 2,205 ) ( 1,470 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

THE WHITELANDS PROJECT CIC

Balance sheet statements

For the year ending 31 March 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 21 January 2024
and signed on behalf of the board by:

Name: Mr Bede Robert
Status: Director

The notes form part of these financial statements

THE WHITELANDS PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 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.

    Other accounting policies

    Basis of Preparation of Financial Statements. The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Sale of goods. Turnover 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 services. Turnover 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.

THE WHITELANDS PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

THE WHITELANDS PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 6,896 8,632
Total 6,896 8,632

THE WHITELANDS PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

2023 2022
£ £
Other creditors 2,205 1,470
Total 2,205 1,470

COMMUNITY INTEREST ANNUAL REPORT

THE WHITELANDS PROJECT CIC

Company Number: 11898468 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

We have received woodland creation grants for the creation and protection of a woodland managed by the CIC, traded with local small businesses and local educational organisations, and undertaken woodland maintenance work. The woodland has continued to provide a space for rural small businesses and community groups to engage with the natural landscape.

Consultation with stakeholders

The community of Petersfield has engaged with the project via social media and our website. Collaborative projects with the University of Portsmouth established a need for better woodland access. Consultation has revealed that many people would like to be more involved in management of the woodland.

Directors' remuneration

Repayment for director’s costs in relation to travel and related expenses.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 January 2024

And signed on behalf of the board by:
Name: Mr Bede Robert
Status: Director