MONMOUTH & DISTRICT RIFLE CLUB CIC

Company limited by guarantee

Company Registration Number:
12337774 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

MONMOUTH & DISTRICT RIFLE CLUB CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

MONMOUTH & DISTRICT RIFLE CLUB CIC

Directors' report period ended 31 December 2023

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

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Maria Bartlett
Mark Justin Nicholas
Adam David Harold Snifield


The directors shown below have held office during the period of
29 May 2023 to 31 December 2023

Christian David Bartlett
Joseph Paul Woolley


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
5 April 2024

And signed on behalf of the board by:
Name: Christian David Bartlett
Status: Director

MONMOUTH & DISTRICT RIFLE CLUB CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 35,116 24,511
Cost of sales: ( 7,065 ) ( 10,375 )
Gross profit(or loss): 28,051 14,136
Administrative expenses: ( 18,319 ) ( 16,068 )
Operating profit(or loss): 9,732 (1,932)
Profit(or loss) before tax: 9,732 (1,932)
Tax: ( 1,416 )
Profit(or loss) for the financial year: 8,316 (1,932)

MONMOUTH & DISTRICT RIFLE CLUB CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 12,909 12,932
Total fixed assets: 12,909 12,932
Current assets
Stocks: 4 3,764 1,023
Cash at bank and in hand: 20,450 13,436
Total current assets: 24,214 14,459
Creditors: amounts falling due within one year: 5 ( 2,217 ) ( 801 )
Net current assets (liabilities): 21,997 13,658
Total assets less current liabilities: 34,906 26,590
Total net assets (liabilities): 34,906 26,590
Members' funds
Profit and loss account: 34,906 26,590
Total members' funds: 34,906 26,590

The notes form part of these financial statements

MONMOUTH & DISTRICT RIFLE CLUB CIC

Balance sheet statements

For the year ending 31 December 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 5 April 2024
and signed on behalf of the board by:

Name: Christian David Bartlett
Status: Director

The notes form part of these financial statements

MONMOUTH & DISTRICT RIFLE CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    Plant & machinery 375Computer equipment 25% reducing balance

    Other accounting policies

    Basis of preparationThe accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.Presentation currencyThe accounts are presented in £ sterling.

MONMOUTH & DISTRICT RIFLE CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

MONMOUTH & DISTRICT RIFLE CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 15,682 0 15,682
Additions 1,840 818 2,658
Disposals
Revaluations
Transfers
At 31 December 2023 17,522 818 18,340
Depreciation
At 1 January 2023 2,750 0 2,750
Charge for year 2,516 165 2,681
On disposals
Other adjustments
At 31 December 2023 5,266 165 5,431
Net book value
At 31 December 2023 12,256 653 12,909
At 31 December 2022 12,932 0 12,932

MONMOUTH & DISTRICT RIFLE CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Stocks

2023 2022
£ £
Stocks 3,764 1,023
Payments on account 0 0
Total 3,764 1,023

MONMOUTH & DISTRICT RIFLE CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 1,416
Accruals and deferred income 801 801
Total 2,217 801

COMMUNITY INTEREST ANNUAL REPORT

MONMOUTH & DISTRICT RIFLE CLUB CIC

Company Number: 12337774 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

During the financial year 2023, the CIC’s activities have benefited the community in thefollowing ways; members have been able to continue to purchase consumables more conveniently by usingthe cashless payment system set-up, reducing the number of additional travel milesgenerated in order to pursue their sport. the club supported local craftsman, sporting retailer outlets and commercialenterprises (building materials, electricians, plumbers etc) using their services sourcedlocally for provision of consumables and ongoing facility improvements.training in safe handling has been completed for 20 probationersNRA approved RCO certified training courses were supported for 2 members several local and national competitions have been promoted and attended.

Consultation with stakeholders

The company’s stakeholders are the members of the club comprising locals and awider set from the surrounding area. The directors of the company have been activemembers of the club for a number of years and have developed the business model forthe club based on their experience of talking to other members and also from beingformer elected committee board members covering different roles and in discussionswith the members covering the multiple disciplines offered by the club.We have engaged directly with members following a members meeting in November coveringa wider range of topic including the setup of the board and the activities to be engaged in overthe coming 2024 period.

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
31 March 2024

And signed on behalf of the board by:
Name: Christian Bartlett
Status: Director