IN SPIRE COFFEE BAR CIC

Company limited by guarantee

Company Registration Number:
10045265 (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

IN SPIRE COFFEE BAR CIC

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

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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 directors present their report and accounts for the year ended 31 March 2023.Principal Activity: provision of a community cafe.DirectorsPeter Timothy Cooper held office during the whole of the periodRobert Woodburn resigned on 28 February 2023Charitable and plitical donations: no political donations were made during the year.Statement fo directors' responsibilities: the directors are responsible fo rpreparing the report and accounts in accordance with teh appicable law and regulations. Company law requires the directors to prepare account for each fiancial year. Under that law, the diretos have elected to prepeare accounts in accordance with the United Kingdeom Generall Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a trued and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the accounts the directors are reqired to: -select suitable accountinb poliices and then apply them consistently,-make judgments and estimates that are reasonable and prudent,- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue the business.The directors are responsible for keeping adequate accounting records that are sufficient to show and explaint eh companies transactions and disclose with reasonable accuracy at any time the finaincial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsibel for safeguarding the assets of the company and hence for taking reasonbal steps for the prevention and dteatcitoin fo fraud and other irregularities.Small company provisions: This report has been prepared in accordance with the special provisions relating to small companies with part 15 of the Companies Act 2006.



Directors

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

Peter Timothy Cooper


The director shown below has held office during the period of
1 April 2022 to 28 February 2023

Robert Woodburn


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
24 July 2023

And signed on behalf of the board by:
Name: Peter Timothy Cooper
Status: Director

IN SPIRE COFFEE BAR CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 43,951 21,862
Cost of sales: ( 16,298 ) ( 9,105 )
Gross profit(or loss): 27,653 12,757
Administrative expenses: ( 45,281 ) ( 44,394 )
Other operating income: 18,264 21,862
Operating profit(or loss): 636 (9,775)
Profit(or loss) before tax: 636 (9,775)
Profit(or loss) for the financial year: 636 (9,775)

IN SPIRE COFFEE BAR CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 520 525
Total fixed assets: 520 525
Current assets
Cash at bank and in hand: 6,447 4,147
Total current assets: 6,447 4,147
Creditors: amounts falling due within one year: 4 ( 422 ) ( 392 )
Net current assets (liabilities): 6,025 3,755
Total assets less current liabilities: 6,545 4,280
Creditors: amounts falling due after more than one year: 5 ( 1,630 )
Total net assets (liabilities): 4,915 4,280
Members' funds
Profit and loss account: 4,915 4,280
Total members' funds: 4,915 4,280

The notes form part of these financial statements

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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 27 July 2023
and signed on behalf of the board by:

Name: Peter Timothy Cooper
Status: Director

The notes form part of these financial statements

IN SPIRE COFFEE BAR CIC

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

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Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 6

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Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 0 0 525 0 0 525
Additions
Disposals ( 5 ) ( 5 )
Revaluations
Transfers
At 31 March 2023 0 0 520 0 0 520
Depreciation
At 1 April 2022 0 0 0 0 0 0
Charge for year
On disposals
Other adjustments
At 31 March 2023 0 0 0 0 0 0
Net book value
At 31 March 2023 0 0 520 0 0 520
At 31 March 2022 0 0 525 0 0 525

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Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 107
Taxation and social security 162 105
Accruals and deferred income 260 180
Total 422 392

IN SPIRE COFFEE BAR CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

2023
£
Other creditors 1,630
Total 1,630

COMMUNITY INTEREST ANNUAL REPORT

IN SPIRE COFFEE BAR CIC

Company Number: 10045265 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

The company runs a community cafe. There is no centre for the community and no cafe/coffee bar within a mile of the centre. The coffee bar will provide a heart for the community. It will is a place where users of the centre can relax and buy refreshments. This year is the company served the local commuity by provided high quality beverages and snacks at affordable prices in a relaxing and well appointed venue. The prices will be set such that entry level drinks, such as a standard cup of tea will be sold at an attractively low price. Premium specialty drinks wereprepared and sold. The community centre in the same building was served by the coffee bar in addition to drawing in school students, school staff, the local workforce and residents through targeted outreach.Serving popular espresso based coffee, loose leaf teas, homemade soup, freshly made sandwiches, filled croissants, and fresh, home baked cakes. Providing a venue for community and local church activities.Also the company provided the employment of the equivalent of 2 full time stafe and trained up and utiliesed 3 volunteers.

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
23 August 2023

And signed on behalf of the board by:
Name: Peter Timothy Cooper
Status: Director