for the Period Ended 30 September 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 September 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 October 2022 to 30 September 2023
The director shown below has held office during the period of
1 October 2022 to 14 January 2023
The director shown below has held office during the period of
14 January 2023 to 30 September 2023
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 3 | ( | ( |
Total net assets (liabilities): | ( | ( | |
Members' funds | |||
Profit and loss account: | ( | ( | |
Total members' funds: | ( | ( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 September 2023
Basis of measurement and preparation
Turnover policy
for the Period Ended 30 September 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 September 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Other creditors | | |
Total | | |
As last year, pursuit of the Company’s objects, with its inherent community benefits, depends on successfully developing its planned cohousing scheme. The company’s primary task, therefore, continues to be to develop a cohousing scheme for over 50s.During the year we continued our productive relationship with the developers TOWN (who worked with the K1 cohousing group in Cambridge to build what is now Marmalade Lane Cohousing). We continued to work with them to turn one block of the Wolverton regeneration scheme in the centre of the old railway town of Wolverton in Milton Keynes, known as ‘Love Wolverton’, into a development suitable for an over fifties cohousing community. Throughout the year in question detailed meetings were undertaken with TOWN and the architects Mole to design Block C for our specific needs. The site has now been cleared ready for construction however this is not expected to commence until August 2024 with an approximate 2 year time span to completion. We also put a lot of time into our new website and prospectus. Membership: we now have 22 committed reserved members. This was achieved by promoting our project through the UK Cohousing Network, via our website and social media but increasingly via our outreach to local organisations. Enquirers who want to know more about the project are invited to come to one of our meetings which are held every 2 months and we continue to have a relatively good conversion rate this year. Meanwhile, members continued to participate in a range of meetings with public and civil society organisations in the area, in order to raise awareness and profile of cohousing for those considering their housing options for retirement and their later years. Community benefits include sharing our growing experience with less advanced projects and individuals considering co-housing; sharing information and documents with other cohousing groups through our website and the national cohousing network site; and making increased use of social media to promote our open meetings, our project and awareness of cohousing in general.
Members Active involvement of members is essential for the operation of the organisation. The Board not only consults members continuously through formal and informal processes, members guide the work of the board in many ways, including regular meetings, working group meetings and email notices and exchanges. Despite having a number of our members living in other parts of England, so we continue to have good attendance at our regular meetings and we only use zoom for our January meeting.The wider cohousing movement We remain active with the UK Cohousing Network. One of our Board members has recently become a director which helps maintain our profile and ensures we are aware of any opportunities as they arise and we contribute monthly to their newsletter. Other members also regularly participate in the monthly on-line cohousing cafes and other online networking opportunities. We have continued to engage with members of other cohousing schemes; learning about their concerns and requirements, and the methods they use whilst also sharing our own experiences. People in their third age As in previous years, we attracted interest from people across the country who are considering joining a third age co housing scheme, although we draw our enquirers and members primarily from the Milton Keynes area. Participating in our Open meetings allows enquirers to hear more about our project, our way of working and the possibilities that cohousing offers for those over 50. It also provides an opportunity to compare cohousing with other sorts of retirement communities and forms of downsizing.Public bodies and policymakers, local and national By contributing to relevant Council consultations and meetings with Council leaders and officials, we have raised the profile of our project among local political and community leaders in Milton Keynes. We have shown how the rationale for our scheme aligns with the increased Council concern for community led housing, more social or affordable housing, and greener building designs. We have continued to be active members of the Wolverton Agora Regeneration Working group. Through our membership of the Milton Keynes Green Alliance we raise our profile and concerns within Citizens MK. We are likewise members of Milton Keynes Forum (the MK Civic Society) and are also involved in The MK Community Land Trust, and in Community Housing Action MK (CHAMK), which lobbies on behalf of several community led housing initiatives. We have also attended meetings at the local Climate Cafe, Truby’s Garden, Farmers Market, Inter-faith groups and Future Wolverton.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
13 January 2024
And signed on behalf of the board by:
Name: Jennifer Borden
Status: Director