FUN4US CIC

Company limited by guarantee

Company Registration Number:
13532860 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

FUN4US CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

FUN4US CIC

Directors' report period ended 31 July 2023

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

Principal activities of the company

The company's principal activity during the year continued to be providing a social platform for senior citizens to integrate and reconnect with their friends.



Directors

The directors shown below have held office during the whole of the period from
1 August 2022 to 31 July 2023

Sheila Brabbins
Joan Davies


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
8 March 2024

And signed on behalf of the board by:
Name: Sheila Brabbins
Status: Director

FUN4US CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 4,246 4,922
Cost of sales: ( 979 ) ( 1,422 )
Gross profit(or loss): 3,267 3,500
Administrative expenses: ( 3,298 ) ( 3,534 )
Operating profit(or loss): (31) (34)
Profit(or loss) before tax: (31) (34)
Profit(or loss) for the financial year: (31) (34)

FUN4US CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 1,470 1,788
Total current assets: 1,470 1,788
Creditors: amounts falling due within one year: 3 ( 1,535 ) ( 1,822 )
Net current assets (liabilities): (65) (34)
Total assets less current liabilities: (65) ( 34)
Total net assets (liabilities): (65) (34)
Members' funds
Profit and loss account: (65) ( 34)
Total members' funds: ( 65) (34)

The notes form part of these financial statements

FUN4US CIC

Balance sheet statements

For the year ending 31 July 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 8 March 2024
and signed on behalf of the board by:

Name: Sheila Brabbins
Status: Director

The notes form part of these financial statements

FUN4US CIC

Notes to the Financial Statements

for the Period Ended 31 July 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Other accounting policies

    Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

FUN4US CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

FUN4US CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 1,535 1,822
Total 1,535 1,822

COMMUNITY INTEREST ANNUAL REPORT

FUN4US CIC

Company Number: 13532860 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The CIC provides a social platform where people can be supported to reconnect with friends or make friends and participate in activities customised to their needs. The CIC also carried out craft and fundraising activities to integrate the community with each other.

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
8 March 2024

And signed on behalf of the board by:
Name: Sheila Brabbins
Status: Director