M3 COMMUNITY PARTNERSHIP C.I.C.

Company limited by guarantee

Company Registration Number:
05684757 (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

M3 COMMUNITY PARTNERSHIP C.I.C.

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

M3 COMMUNITY PARTNERSHIP C.I.C.

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

Principal activities of the company

The company's principal activity during the year continued to be that of a "not for profit" organisation, run primarily for the benefit of the community.



Directors

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

Mrs J Swabey
P Palmer
G A Lucas


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
7 December 2023

And signed on behalf of the board by:
Name: Mrs J Swabey
Status: Director

M3 COMMUNITY PARTNERSHIP C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 7,428 4,576
Cost of sales: ( 6,010 ) ( 4,580 )
Gross profit(or loss): 1,418 (4)
Administrative expenses: ( 412 ) ( 394 )
Operating profit(or loss): 1,006 (398)
Profit(or loss) before tax: 1,006 (398)
Profit(or loss) for the financial year: 1,006 (398)

M3 COMMUNITY PARTNERSHIP C.I.C.

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 974 363
Cash at bank and in hand: 2,209 1,796
Total current assets: 3,183 2,159
Creditors: amounts falling due within one year: 4 ( 412 ) ( 394 )
Net current assets (liabilities): 2,771 1,765
Total assets less current liabilities: 2,771 1,765
Creditors: amounts falling due after more than one year: 5 ( 5,876 ) ( 5,876 )
Total net assets (liabilities): (3,105) (4,111)
Members' funds
Profit and loss account: (3,105) ( 4,111)
Total members' funds: ( 3,105) (4,111)

The notes form part of these financial statements

M3 COMMUNITY PARTNERSHIP C.I.C.

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 7 December 2023
and signed on behalf of the board by:

Name: Mrs J Swabey
Status: Director

The notes form part of these financial statements

M3 COMMUNITY PARTNERSHIP C.I.C.

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have tranferred to the buyer. Turnover from rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contact is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impaired losses for bad and doubtful debts.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.

M3 COMMUNITY PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

M3 COMMUNITY PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Debtors

2023 2022
£ £
Trade debtors 974 363
Prepayments and accrued income 0 0
Other debtors 0 0
Total 974 363
Debtors due after more than one year: 0 0

M3 COMMUNITY PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 412 394
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 412 394

M3 COMMUNITY PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

2023 2022
£ £
Other creditors 5,876 5,876
Total 5,876 5,876

Other creditors represents the balance of the loan owing to Martock Parish Council

COMMUNITY INTEREST ANNUAL REPORT

M3 COMMUNITY PARTNERSHIP C.I.C.

Company Number: 05684757 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

The M3 Community Partnership Steering Group met 4 times during the year to exchange information about the activities of its various member organisations and to coordinate joint activities, such as planning joint activities for the King's Coronation.The community website martock.org.uk continued to be developed with residents and local organisations to promote their local events which have increased back to pre-covid levels. Traffic to the site again increased. The agendas and minutes of the M3 steering group are publicised through this website.The Community Partnership continued to manage the publication of the quarterly community magazine - The Pinnacle. The magazine is delivered free to 3600 housholds in Martock and surrounding settlements by a team of volunteers. The magazine promotes local business, community events and the activities of the Parish Council to support residents.

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
12 December 2023

And signed on behalf of the board by:
Name: J Swabey
Status: Director