THE VILLAGE SPACE C.I.C.

Company limited by guarantee

Company Registration Number:
14094303 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 9 May 2022

End date: 31 May 2023

THE VILLAGE SPACE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2023

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

THE VILLAGE SPACE C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2023

13 months to 31 May 2023


£
Turnover: 3,780
Cost of sales: ( 5,313 )
Gross profit(or loss): (1,533)
Distribution costs: ( 235 )
Administrative expenses: ( 6,564 )
Other operating income: 16,474
Operating profit(or loss): 8,142
Profit(or loss) before tax: 8,142
Tax: ( 1,547 )
Profit(or loss) for the financial year: 6,595

THE VILLAGE SPACE C.I.C.

Balance sheet

As at 31 May 2023

Notes 13 months to 31 May 2023


£
Current assets
Cash at bank and in hand: 8,621
Total current assets: 8,621
Creditors: amounts falling due within one year: 3 ( 2,026 )
Net current assets (liabilities): 6,595
Total assets less current liabilities: 6,595
Total net assets (liabilities): 6,595
Members' funds
Profit and loss account: 6,595
Total members' funds: 6,595

The notes form part of these financial statements

THE VILLAGE SPACE C.I.C.

Balance sheet statements

For the year ending 31 May 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 February 2024
and signed on behalf of the board by:

Name: Arthur Baptiste Perez
Status: Director

The notes form part of these financial statements

THE VILLAGE SPACE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

THE VILLAGE SPACE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    13 months to 31 May 2023
    Average number of employees during the period 3

THE VILLAGE SPACE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Creditors: amounts falling due within one year note

13 months to 31 May 2023
£
Taxation and social security 1,547
Accruals and deferred income 479
Total 2,026

COMMUNITY INTEREST ANNUAL REPORT

THE VILLAGE SPACE C.I.C.

Company Number: 14094303 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

The Village designs & manages inclusive, welcoming physical spaces to prepare communities for the changes of a warming climate. We are a space operator setting-up multi-use spaces which aggregate all things sustainable under one roof for communities and organisations tobuild climate and social resilience. Our impact is organised around 3 pillars of resilience:social, environmental, mental health & wellbeing resilience.During the financial year 2022/2023, The Village operated a pop-up in a community centre called the Factory Quarter Community Hub in Hammersmith and Fulham between September 2022 and December 2023. The space was open 4 days a week (Thursday to Sunday) andoffered affordable plant-based food and drinks, a play area for kids, a space rental for residents to organise events or birthdays, and we provided a holistic programme of events and workshops.Our operations benefited the community in multiple ways:The local community (residents of Factory Quarter and neighbourhood community) enjoyed a free community space that was closed for 13 years prior to us operating it. 2,501 visitors enjoyed the space during our 3 months of operations.629 people participated in events and workshops. 71 events and workshops have been organised around our pillars of resilience.45.8 kg of food given away to the local community.430.8kg of clothes, books and toys were swapped/donated to the local community, and the surplus was redistributed to local charities.22.45 tons of CO2 emissions were prevented, 377 cubic metres of water was prevented from waste.50 L of compost produced from organic waste and given away to the local garden used by the community.5 kg of oyster mushrooms produced and donated. Provided work opportunities for 15 volunteers, paid opportunities to 9 local residents and 4 local artisans.88 percentage participants of our survey said the Hub helped them to meet more people.100 percentage of participants said the Hub had a positive impact on their mental health. 65 percentage said it helped them ‘a lot’.1 word to describe the space was "Safe".82 percentage of participants said the Hub helped them raise their awareness of climate change.41 percentage said the Hub helped them reduce their waste, and reduce their animal product consumption.

Consultation with stakeholders

Our principal stakeholders are local residents to our operations.We consulted with stakeholders through:1. A physical and online engagement programme prior to our operations at the Factory Quarter Community Hub. We delivered flyers to all neighbouring flats and houses to invite everyone to fill-in the online survey or come and talk to us in person on the 17th, 23rd and 24th of July.2. Continuous feedback loop during the operations.Consultation learnings:61% of respondents thought that their community wasn’t prepared for the effects of climate change. 56% of respondents were interested in a space dedicated to addressing these issues.38% of respondents had kids from different ages looking for creative and sport activities. We decided to offer a kid area to cater for their needs and create dedicated events for children such as Art Workshops, Ping Pong, reading classes, etc.When it comes to the type of events the community wanted to see social activities, environmental activities, and mental health & wellbeing activities. We created dedicated activities to support them such as mending, decoupage & upholstery workshops, small electronic repairs, affordable yoga, and seasonal activities.33% of respondents were interested in getting involved either by volunteering or organising events. This prompted the creation of a WhatsApp group with all interested parties which became a key tool to get support and spread the word.Continuous feedback loop:We kept track of the overall contemptment of the services provided during operations and it allowed us to tweak things on the go. Thanks to this monitoring, we increased the volume of yoga sessions to cater for different schedules, we included different types of snacks, we changed the way people could learn about events, etc.

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
7 February 2024

And signed on behalf of the board by:
Name: Arthur Baptiste Perez
Status: Director