FLYING MONK COMMUNITY PROJECTS CIC

Company limited by guarantee

Company Registration Number:
10862800 (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

FLYING MONK COMMUNITY PROJECTS 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

FLYING MONK COMMUNITY PROJECTS 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

Directors

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

Mrs Christine McAleavy
Mr Daniel McAleavy
Mr Tristan Green
Ms Sidney Robb


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
16 March 2024

And signed on behalf of the board by:
Name: Mrs Christine McAleavy
Status: Director

FLYING MONK COMMUNITY PROJECTS CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 5,115 2,025
Cost of sales: ( 450 )
Gross profit(or loss): 4,665 2,025
Administrative expenses: ( 3,916 ) ( 3,327 )
Operating profit(or loss): 749 (1,302)
Profit(or loss) before tax: 749 (1,302)
Profit(or loss) for the financial year: 749 (1,302)

FLYING MONK COMMUNITY PROJECTS CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 588 588
Total fixed assets: 588 588
Current assets
Cash at bank and in hand: 1,162 614
Total current assets: 1,162 614
Creditors: amounts falling due within one year: 4 ( 322 ) ( 523 )
Net current assets (liabilities): 840 91
Total assets less current liabilities: 1,428 679
Total net assets (liabilities): 1,428 679
Members' funds
Profit and loss account: 1,428 679
Total members' funds: 1,428 679

The notes form part of these financial statements

FLYING MONK COMMUNITY PROJECTS 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 16 March 2024
and signed on behalf of the board by:

Name: Mr Tristan Green
Status: Director

The notes form part of these financial statements

FLYING MONK COMMUNITY PROJECTS 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 is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & Machinery 25%

    Other accounting policies

    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.

FLYING MONK COMMUNITY PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

FLYING MONK COMMUNITY PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 1,558 1,558
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 1,558 1,558
Depreciation
At 1 August 2022 970 970
Charge for year
On disposals
Other adjustments
At 31 July 2023 970 970
Net book value
At 31 July 2023 588 588
At 31 July 2022 588 588

FLYING MONK COMMUNITY PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 103 103
Accruals and deferred income 219 420
Total 322 523

COMMUNITY INTEREST ANNUAL REPORT

FLYING MONK COMMUNITY PROJECTS CIC

Company Number: 10862800 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

This year we have been running Malmesbury Community Radio, working in-person and remotely to record and broadcast DJ sets, interviews and spoken word recordings from DJs and contributors all over Malmesbury and the surrounding villages. We held 3 live broadcast periods, for Malmesbury Carnival in August 2022, New Year 2022-23 and June 2023. We also released monthly podcasts, covering local events, talking to community groups like Malmesbury U3A, and sharing information from the town council and local charities.Over the year we had over 800 total listeners to live broadcasts, plus 1000 listeners to ourListen Again service.We have also been gathering apples from local residents and having them pressed to make bottles of community apple juice, and creating calendars and cards using pictures of the local area.We are really proud and pleased with the work we have done with the radio and our other community projects during and since the pandemic and think people really enjoyed listening and contributing, and staying in touch with each other over the airwaves when it wasn’t possible to meet other people. We hope the radio brings people together through shared interests and love of music.

Consultation with stakeholders

The company’s stakeholders are the participants of the community projects that we run – for example volunteer DJs and contributors to Malmesbury Community Radio - and the local organisations and charities that we work with. We set up the company to benefit those at risk of social exclusion, particularly in Malmesbury and Wiltshire, and the directors are in constant dialogue with local people and organisations to consult on the best way to run our projects and reach lots of people.Feedback from radio contributors and listeners this year included lots of positive comments about the features on local history, so we are working with Bill Reed and the Malmesbury Voices project to feature more local stories, as well as creating more episodes of the comic history series Buffoons of History. During this year we have also been in discussions with Wiltshire Parent Carer Council about creating films to help publicise their work and let parents and carers know about the support they can provide.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £1,440.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
7 April 2024

And signed on behalf of the board by:
Name: Tristan Green
Status: Director