TAP LOCAL CIC

Company limited by guarantee

Company Registration Number:
10731372 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

TAP LOCAL CIC

Contents of the Financial Statements

for the Period Ended 30 April 2023

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

TAP LOCAL CIC

Directors' report period ended 30 April 2023

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

Directors

The directors shown below have held office during the whole of the period from
1 May 2022 to 30 April 2023

Polly Constance GILBERT
Katie Jane WHITLOCK


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 January 2024

And signed on behalf of the board by:
Name: Polly Constance GILBERT
Status: Director

TAP LOCAL CIC

Profit And Loss Account

for the Period Ended 30 April 2023

2023 2022


£

£
Distribution costs: ( 235 ) ( 235 )
Administrative expenses: ( 3,886 ) ( 4,974 )
Other operating income: 3,570 4,791
Operating profit(or loss): (551) (418)
Interest payable and similar charges: ( 90 ) ( 82 )
Profit(or loss) before tax: (641) (500)
Tax: 0 0
Profit(or loss) for the financial year: (641) (500)

TAP LOCAL CIC

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 0 611
Total fixed assets: 0 611
Current assets
Debtors: 4 732 0
Cash at bank and in hand: 19,271 23,633
Total current assets: 20,003 23,633
Creditors: amounts falling due within one year: 5 ( 35,292 ) ( 38,892 )
Net current assets (liabilities): (15,289) (15,259)
Total assets less current liabilities: (15,289) ( 14,648)
Total net assets (liabilities): (15,289) (14,648)
Members' funds
Profit and loss account: (15,289) ( 14,648)
Total members' funds: ( 15,289) (14,648)

The notes form part of these financial statements

TAP LOCAL CIC

Balance sheet statements

For the year ending 30 April 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 January 2024
and signed on behalf of the board by:

Name: Polly Constance GILBERT
Status: Director

The notes form part of these financial statements

TAP LOCAL CIC

Notes to the Financial Statements

for the Period Ended 30 April 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

TAP LOCAL CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

TAP LOCAL CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 2,500 2,500
Additions
Disposals
Revaluations
Transfers
At 30 April 2023 2,500 2,500
Depreciation
At 1 May 2022 1,889 1,889
Charge for year 611 611
On disposals
Other adjustments
At 30 April 2023 2,500 2,500
Net book value
At 30 April 2023 0 0
At 30 April 2022 611 611

TAP LOCAL CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Debtors

2023 2022
£ £
Other debtors 732 0
Total 732 0

TAP LOCAL CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 420 420
Other creditors 34,872 38,472
Total 35,292 38,892

COMMUNITY INTEREST ANNUAL REPORT

TAP LOCAL CIC

Company Number: 10731372 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

TAP Local CIC continues to act as the fundraising facilitator for registered charity The TAP Foundation, installing contactless devices across London which fundraise for homelessness causes, and working as the official online fundraiser for the Mayor of London’s winter home-lessness campaigns.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

A total of £717.18 has been granted to The TAP Foundation (charity number 1177719). This number is made up of online donations made through the TAP Local CIC website, and TAP Local CIC continued policy of covering processing fees on behalf of The TAP Foundation so that 100% of every public donation goes to the cause.

This report was approved by the board of directors on
16 January 2024

And signed on behalf of the board by:
Name: Polly Constance GILBERT
Status: Director