SALT COMMUNITY CIC

Company limited by guarantee

Company Registration Number:
13310432 (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

SALT COMMUNITY 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

SALT COMMUNITY 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

Principal activities of the company

The company's principal activity during the year continued to be activities of other membership organisations not elsewhere classified.



Directors

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

Miss Charlotte Williams


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
18 January 2024

And signed on behalf of the board by:
Name: Miss Charlotte Williams
Status: Director

SALT COMMUNITY CIC

Profit And Loss Account

for the Period Ended 30 April 2023

2023 13 months to 30 April 2022


£

£
Turnover: 33,401 33,158
Cost of sales: ( 32 ) ( 1,174 )
Gross profit(or loss): 33,369 31,984
Administrative expenses: ( 31,833 ) ( 28,014 )
Operating profit(or loss): 1,536 3,970
Interest receivable and similar income: 6 0
Profit(or loss) before tax: 1,542 3,970
Profit(or loss) for the financial year: 1,542 3,970

SALT COMMUNITY CIC

Balance sheet

As at 30 April 2023

Notes 2023 13 months to 30 April 2022


£

£
Current assets
Debtors: 3 5,351 10,773
Cash at bank and in hand: 382 158
Total current assets: 5,733 10,931
Creditors: amounts falling due within one year: 4 ( 1,268 ) ( 7,715 )
Net current assets (liabilities): 4,465 3,216
Total assets less current liabilities: 4,465 3,216
Total net assets (liabilities): 4,465 3,216
Members' funds
Profit and loss account: 4,465 3,216
Total members' funds: 4,465 3,216

The notes form part of these financial statements

SALT COMMUNITY 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 18 January 2024
and signed on behalf of the board by:

Name: Miss Charlotte Williams
Status: Director

The notes form part of these financial statements

SALT COMMUNITY 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

    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 transferred to the buyer. Turnover 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.

    Other accounting policies

    DebtorsShort 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 any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort 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.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.ProvisionsProvisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

SALT COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 13 months to 30 April 2022
    Average number of employees during the period 1 1

SALT COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Debtors

2023 13 months to 30 April 2022
£ £
Trade debtors 5,267 8,645
Other debtors 84 2,128
Total 5,351 10,773

SALT COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 30 April 2022
£ £
Taxation and social security 293 754
Other creditors 975 6,961
Total 1,268 7,715

SALT COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Loans to directors

Name of director receiving advance or credit: Miss Charlotte Williams
Description of the transaction:
At the period end the company was owed £84 by Miss Charlotte Williams, the Director. The loan is interest free and repayable after less than one year.
£
Balance at 30 April 2022
Advances or credits made: 84
Advances or credits repaid:
Balance at 30 April 2023 84

COMMUNITY INTEREST ANNUAL REPORT

SALT COMMUNITY CIC

Company Number: 13310432 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

Salt Community CIC holds the lease to community venue in Truro, Cornwall. The venue, known as Pydar Pop Up is a multi-generational community centre serving all interests such as health and well-being, arts and culture and local businesses. It is a not for profit organisation. It is a multi-functional accessible space for all people living in Truro city centre and the surrounding area.

Consultation with stakeholders

The stakeholders are the community groups and businesses regularly using the space. This includes Hall For Cornwall Youth Theatre Company, Chaos Cafe and Cornwall Resus, Young People Cornwall, Inner Circle Consulting, Coppice Theatre, Truro School of Samba, Off the Wall Aerial Dance and many more.

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
18 January 2024

And signed on behalf of the board by:
Name: Charlotte E Williams
Status: Director