PEOPLE NEED PURPOSE (PNP) CIC

Company limited by guarantee

Company Registration Number:
12682318 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

PEOPLE NEED PURPOSE (PNP) CIC

Contents of the Financial Statements

for the Period Ended 30 June 2023

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

PEOPLE NEED PURPOSE (PNP) CIC

Directors' report period ended 30 June 2023

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

Directors

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

N Murphy


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
6 March 2024

And signed on behalf of the board by:
Name: N Murphy
Status: Director

PEOPLE NEED PURPOSE (PNP) CIC

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 16,472 13,273
Gross profit(or loss): 16,472 13,273
Distribution costs: ( 900 )
Administrative expenses: ( 14,537 ) ( 17,024 )
Operating profit(or loss): 1,935 (4,651)
Interest payable and similar charges: ( 39 )
Profit(or loss) before tax: 1,896 (4,651)
Tax: ( 282 ) 761
Profit(or loss) for the financial year: 1,614 (3,890)

PEOPLE NEED PURPOSE (PNP) CIC

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 303 420
Total fixed assets: 303 420
Current assets
Debtors: 4 4,606 1,470
Cash at bank and in hand: 147 338
Total current assets: 4,753 1,808
Creditors: amounts falling due within one year: 5 ( 3,505 ) ( 2,291 )
Net current assets (liabilities): 1,248 (483)
Total assets less current liabilities: 1,551 ( 63)
Total net assets (liabilities): 1,551 (63)
Members' funds
Profit and loss account: 1,551 ( 63)
Total members' funds: 1,551 (63)

The notes form part of these financial statements

PEOPLE NEED PURPOSE (PNP) CIC

Balance sheet statements

For the year ending 30 June 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 March 2024
and signed on behalf of the board by:

Name: N Murphy
Status: Director

The notes form part of these financial statements

PEOPLE NEED PURPOSE (PNP) CIC

Notes to the Financial Statements

for the Period Ended 30 June 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 rendering of services. Turnover is reduced for estimated customer rebates and othersimilar allowances and is recognised when the service has been carried out.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, overtheir expected useful lives on the following bases:Computer Equipment 20% Straight Line

PEOPLE NEED PURPOSE (PNP) CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

PEOPLE NEED PURPOSE (PNP) CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2022 585 585
Additions
Disposals
Revaluations
Transfers
At 30 June 2023 585 585
Depreciation
At 1 July 2022 165 165
Charge for year 117 117
On disposals
Other adjustments
At 30 June 2023 282 282
Net book value
At 30 June 2023 303 303
At 30 June 2022 420 420

PEOPLE NEED PURPOSE (PNP) CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 2022
£ £
Trade debtors 2,942 496
Prepayments and accrued income 1,642 974
Other debtors 22
Total 4,606 1,470

PEOPLE NEED PURPOSE (PNP) CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1
Taxation and social security 282 1,021
Accruals and deferred income 750 750
Other creditors 2,472 520
Total 3,505 2,291

COMMUNITY INTEREST ANNUAL REPORT

PEOPLE NEED PURPOSE (PNP) CIC

Company Number: 12682318 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

The provision of creative and music-based activities for adults with learning disabilities and mental health concerns These activities have been held online and in person.The provision of music equipment for people to use in the own homes to be able to offer engagement and skill development

Consultation with stakeholders

The companies stakeholders are adults with learning disabilities and mental health concerns The stakeholders are asked at each session what they would like to achieve and their short- and long-term goals, these are then facilitated

Directors' remuneration

The information is available in the full accounts

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
6 March 2024

And signed on behalf of the board by:
Name: N Murphy
Status: Director