SHARED CITY CIC

Company limited by guarantee

Company Registration Number:
14102310 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 12 May 2022

End date: 31 May 2023

SHARED CITY CIC

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

SHARED CITY CIC

Profit And Loss Account

for the Period Ended 31 May 2023

13 months to 31 May 2023


£
Turnover: 27,584
Cost of sales: ( 6,438 )
Gross profit(or loss): 21,146
Administrative expenses: ( 249 )
Other operating income: 283
Operating profit(or loss): 21,180
Profit(or loss) before tax: 21,180
Profit(or loss) for the financial year: 21,180

SHARED CITY CIC

Balance sheet

As at 31 May 2023

Notes 13 months to 31 May 2023


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Debtors:   0
Cash at bank and in hand: 300
Total current assets: 300
Creditors: amounts falling due within one year: 3 ( 21,000 )
Net current assets (liabilities): (20,700)
Total assets less current liabilities: (20,700)
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (20,700)
Members' funds
Profit and loss account: (20,700)
Total members' funds: ( 20,700)

The notes form part of these financial statements

SHARED CITY CIC

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 6 February 2024
and signed on behalf of the board by:

Name: CAROLINE H BOURNE
Status: Director

The notes form part of these financial statements

SHARED CITY CIC

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

SHARED CITY CIC

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 0

SHARED CITY CIC

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
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 21,000
Total 21,000

SHARED CITY CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Financial Commitments

Credit amount is committed: it is allocated to projects and overheads over the following financial year.

COMMUNITY INTEREST ANNUAL REPORT

SHARED CITY CIC

Company Number: 14102310 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

In our first year of operation between 12 May 2022 and 30 May 2023 Shared City CIC has focused on the delivery of heritage and wellbeing activities to benefit the community. The activities have included:Devising and leading guided heritage tours in Barham Park, Queens Park & the Welsh HarpDevising and leading guided well being tours in Barham Park, Queens Park & the Welsh HarpDeveloping community heritage projects at St Andrew's ChurchDesigning heritage activity sheets for St Andrew's Church Creating a new community heritage project in South KilburnCreating a community heritage trail project in Willesden GreenOur activities have delivered free of charge to the community and in the period stated Shared City CIC has attracted funding from: London SportPCC/St AndrewsGLA/London UnseenNational LotteryGLA/Untold StoriesBrent LWYLOver 100 people have participated in our projects during this period resulting improvements to social cohesion and broad physical & mental health benefits.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £6438.36. All payments were linked to project delivery services.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: CAROLINE H BOURNE
Status: Director