MERRY GO ROUND COMMUNITY VENTURES CIC

Company limited by guarantee

Company Registration Number:
11698240 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

MERRY GO ROUND COMMUNITY VENTURES CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

MERRY GO ROUND COMMUNITY VENTURES CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The director shown below has held office during the whole of the period from
1 December 2022 to 30 November 2023

Mrs Sadie Coventry


The director shown below has held office during the period of
15 November 2023 to 30 November 2023

Jessica Clark


The director shown below has held office during the period of
10 November 2023 to 30 November 2023

Leanne Janice Mathis


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
10 March 2024

And signed on behalf of the board by:
Name: Mrs Sadie Coventry
Status: Director

MERRY GO ROUND COMMUNITY VENTURES CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 38,419 36,323
Cost of sales: ( 1,156 ) ( 280 )
Gross profit(or loss): 37,263 36,043
Administrative expenses: ( 37,702 ) ( 38,595 )
Other operating income: 2,071 612
Operating profit(or loss): 1,632 (1,940)
Profit(or loss) before tax: 1,632 (1,940)
Tax: ( 497 )
Profit(or loss) for the financial year: 1,135 (1,940)

MERRY GO ROUND COMMUNITY VENTURES CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,529 2,514
Total fixed assets: 1,529 2,514
Current assets
Debtors: 4 145 47
Cash at bank and in hand: 3,679 2,026
Total current assets: 3,824 2,073
Creditors: amounts falling due within one year: 5 ( 497 ) ( 866 )
Net current assets (liabilities): 3,327 1,207
Total assets less current liabilities: 4,856 3,721
Total net assets (liabilities): 4,856 3,721
Members' funds
Profit and loss account: 4,856 3,721
Total members' funds: 4,856 3,721

The notes form part of these financial statements

MERRY GO ROUND COMMUNITY VENTURES CIC

Balance sheet statements

For the year ending 30 November 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 10 March 2024
and signed on behalf of the board by:

Name: Mrs Sadie Coventry
Status: Director

The notes form part of these financial statements

MERRY GO ROUND COMMUNITY VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 November 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciationTangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

    Other accounting policies

    Compliance with accounting standardsThe accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

MERRY GO ROUND COMMUNITY VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

MERRY GO ROUND COMMUNITY VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 4,973 400 5,373
Additions
Disposals
Revaluations
Transfers
At 30 November 2023 4,973 400 5,373
Depreciation
At 1 December 2022 2,459 400 2,859
Charge for year 985 985
On disposals
Other adjustments
At 30 November 2023 3,444 400 3,844
Net book value
At 30 November 2023 1,529 0 1,529
At 30 November 2022 2,514 0 2,514

MERRY GO ROUND COMMUNITY VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Trade debtors 145 47
Total 145 47

MERRY GO ROUND COMMUNITY VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 76
Taxation and social security 497 489
Other creditors 301
Total 497 866

COMMUNITY INTEREST ANNUAL REPORT

MERRY GO ROUND COMMUNITY VENTURES CIC

Company Number: 11698240 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in thefinancial year to which the report relates, including a description of how they have benefitedthe community.The company runs the Merry Go Round shop and online store, retailing second handchildren’s clothing and related goods to raise money for 12 local Primary Schools. We alsolaunched a Merry Go Round eBay shop via the ‘eBay for Change programme’ which hasbrought us another stream of revenue.We always strive to reduce waste, encourage re-use and reduce the environmental impact ofchildren’s goods. In addition to this, we reduce food waste by providing a community fridgereduces and by distributing excess produce from other groups and the local community.We also provide support to our local community by running a small foodbank which doubled insize this year, providing a warm space and free activities for all ages, offering emotionalsupport and signposting people to external support services, running a baby-weigh clinicalongside other sessions from external providers including breastfeeding advice.Our activities this financial year benefitted the community in the following ways:1. We have improved the mental and physical wellbeing of people in our community withour foodbank and designated warm space. We have helped to alleviate food povertyand isolation in our town and have provided emotional and practical support, includingsignposting people to external support services.2. We ran a successful Crowdfunder campaign to raise funds to enable us to keep ourfoodbank fully stocked with a good range of products, and create a hardship fundwhich helps individuals in crisis. We also secured a £1000 grant from the local councilto assist with this.3. We worked in conjunction with other organisations such as schools and SocialServices to provide free clothing, shoes, school uniform and baby equipment to thosemost in need in our immediate and wider community. We also now supply free schooluniform to everyone.4. Local residents have been able to purchase a wide range of good quality children’sclothing, shoes, books, toys & games, school uniform and baby equipment at very lowprices, particularly benefitting those on a low income / without their own transport.5. As well as offering general volunteering opportunities, we also helped 3 Duke ofEdinburgh Award participants achieve the volunteering element of their award.6. The company has continued to provide part-time employment for 3 local residents, andhas engaged the services of multiple local businesses.7. We made a profit of £1135 after taxation to distribute between the schools that weraise funds for.

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
10 March 2024

And signed on behalf of the board by:
Name: Mrs Sadie Coventry
Status: Director