BEANBLOCK C.I.C.

Company limited by guarantee

Company Registration Number:
11993421 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

BEANBLOCK C.I.C.

Contents of the Financial Statements

for the Period Ended 30 September 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BEANBLOCK C.I.C.

Directors' report period ended 30 September 2023

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

Directors

The directors shown below have held office during the whole of the period from
1 October 2022 to 30 September 2023

A Allen
C Martin


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
19 February 2024

And signed on behalf of the board by:
Name: C Martin
Status: Director

BEANBLOCK C.I.C.

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 38,976 49,454
Total fixed assets: 38,976 49,454
Current assets
Stocks: 4 3,216 2,313
Debtors: 5 25,570 16,692
Cash at bank and in hand: 401 1,627
Total current assets: 29,187 20,632
Creditors: amounts falling due within one year: 6 ( 85,990 ) ( 90,126 )
Net current assets (liabilities): (56,803) (69,494)
Total assets less current liabilities: (17,827) ( 20,040)
Creditors: amounts falling due after more than one year: 7 ( 25,605 ) ( 29,752 )
Total net assets (liabilities): (43,432) (49,792)
Members' funds
Profit and loss account: (43,432) ( 49,792)
Total members' funds: ( 43,432) (49,792)

The notes form part of these financial statements

BEANBLOCK C.I.C.

Balance sheet statements

For the year ending 30 September 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 19 February 2024
and signed on behalf of the board by:

Name: C Martin
Status: Director

The notes form part of these financial statements

BEANBLOCK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Plant & machinery 20% reducing balanceFixtures & fittings 20% reducing balanceComputer equipment 33.33% reducing balance

    Other accounting policies

    Going concernAt the year end the company's liabilities exceeded its assets by £43,432 (2022: £49,792) .The directors have confirmed thatthey will continue to support the company to enable it to meet its liabilities as they fall due for a period of not less than twelve months from the date of signing the financial statements. The financial statements have therefore been prepared on the goingconcern basis.Government grantsGovernment grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.InventoriesInventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.Deferred taxationDeferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result inan obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Deferred tax assets and liabilities are not discounted.Pension costsThe company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.Leased assetsRentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

BEANBLOCK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 11 11

BEANBLOCK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 8,876 61,591 715 71,182
Additions 350 350
Disposals ( 1,672 ) ( 240 ) ( 1,912 )
Revaluations
Transfers
At 30 September 2023 7,554 61,351 715 69,620
Depreciation
At 1 October 2022 3,126 18,143 459 21,728
Charge for year 1,077 8,690 85 9,852
On disposals ( 834 ) ( 102 ) ( 936 )
Other adjustments
At 30 September 2023 3,369 26,731 544 30,644
Net book value
At 30 September 2023 4,185 34,620 171 38,976
At 30 September 2022 5,750 43,448 256 49,454

BEANBLOCK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Stocks

2023 2022
£ £
Stocks 3,216 2,313
Total 3,216 2,313

BEANBLOCK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Debtors

2023 2022
£ £
Trade debtors 191 353
Prepayments and accrued income 9,155 3,888
Other debtors 16,224 12,451
Total 25,570 16,692
Debtors due after more than one year: 10,139 10,139

BEANBLOCK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 6,905 3,497
Trade creditors 17,153 7,168
Taxation and social security 9,620 7,947
Accruals and deferred income 25,609 37,289
Other creditors 26,703 34,225
Total 85,990 90,126

BEANBLOCK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2023

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

2023 2022
£ £
Bank loans and overdrafts 25,605 29,752
Total 25,605 29,752

BEANBLOCK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2023

8. Financial Commitments

At 30 September 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:Within one year: £5,964 (2022: £30,000)Within two - five years: £15,000 (2022: £45,000)

COMMUNITY INTEREST ANNUAL REPORT

BEANBLOCK C.I.C.

Company Number: 11993421 (England and Wales)

Year Ending: 30 September 2023

Company activities and impact

The company runs BeanBlock, a play cafe and function space, for families with young children. Providing a safe environment for parents, and carers of young children. During the financial year ending 30/09/2023 the cafes activities have benefitted the local community in the following ways. At BeanBlock, we offer a range of services designed to meet the unique needs of families and children in our community, regardless of circumstance or ability. We provide a stimulating environment for children, a respite for parents, and free places on classes for families that would not normally be able to afford social, sporting, educational, and creative arts interactions. During a normal week during financial year ending 30/9/2023, we delivered parents’ coffee mornings, dads’ groups, toddler dance classes, Beanblock boogie (a fun and energetic music and movement class), Lewis's football fun (a fun introduction to the sport for 18months +), parent and toddler musical theatre (suitable for walking to age 3yrs), Messy beans (a fun sensory messy play class for 6months +), Mini Musical Theatre (3-5yr olds), and Little Musical Theatre (6-9yr olds). Our heavily discounted menu focuses on promoting healthy eating habits, encouraging children to consume fresh vegetables and freshly prepared food. Our cafe serves as a gathering place for families to meet, fostering the formation of support networks and reducing social isolation. Furthermore, we are proud to provide a welcoming environment for breastfeeding mothers, regardless of whether they utilise our full facilities. Our all-inclusive baby changing, and child-friendly toileting space caters to the physical and emotional needs of all children, including those with additional physical and behavioural requirements. In addition, we offer heavily discounted play space entry compared to for-profit indoor play areas, coupled with a variety of child-focused classes in our upstairs function rooms. These classes not only contribute to children's educational, physical, and emotional development but also support parents' resilience and emotional well-being.‘I went into BeanBlock today with my partner and our little one (4weeks old) Not only did we have a wonderful sensory class in the morning. But a wonderful breakfast afterwards. The staff are super friendly and helpful and there’s a superb changing area for the little ones. Highly recommend popping in with your friends and little ones as it’s a wonderful social and sensory experience for both adults and children alike.’ Facebook review Jan 2023Collaboration is a key objective for us, during the year we offered our space free of charge to local community and voluntary groups such as Autism Support Group, Homestart, Polish Village UK, and Emmaus Trust. Additionally, we provide free play entry, classes, and reduced prices for food and drink to these groups, fostering inclusivity and community cohesion. We have been fortunate during the year to secure some funds to provide a free to all users - parent led sensory room and bay weighing once a week also. Yet again we organised an easter egg hunt around our local town during the easter holidays, as well as providing a free space for sessions organised by the wider cultural events programme around town - music and theatre workshops and events. Pay it forward funds in 2023 contributed £378.25 to parents who were struggling to pay for food/drink and activities at BeanBlock. We have provided 180 children over 1 year of age with free play sessions during the financial year, from difficult to reach families. And collaborated with Family links groups to provide a free to use and neutral and welcoming space for families adoptive families, and children in care to reconnect with their birth families. BeanBlock has also been a collection point for second hand/new toys/clothes in partnership with another local charity gifts from fairies.

Consultation with stakeholders

During the financial year ending 30/9/23 BeanBlock formed a voluntary governing board of advisors to steer its future and community objectives. These were made up of customers, and local business and educational professionals. Our primary stakeholders are young children, and their parents and carers. Local community agencies, and charities are also stakeholders in that they refer their uses to our services/engage with us on delivery. For example, Newark Emmaus Trust supports homeless young people aged 16-25 including parents and babies. Some of their parenting group attended Beanblock to complete activities such as Boogie sessions and Messy play. ‘Our staff said, ‘the feedback from the parenting group was always very positive. They felt our team were very friendly and caring. This helped to make them feel very comfortable being part of the group attending the sessions. Sessions felt very calm, which made the activities relaxing and enjoyable. Being able to have a drink together in the cafe was also very well received as this is something our client group would not always be able to afford. This allowed them to form new friendship groups and helped them to bond well as a group. (feedback from Newark Emmaus Trust, April 2023)BeanBlock has carried out formal feedback evaluation of its activities via completion by customers of a feedback form of services and offering and this has been overwhelmingly positive. Any negative or constructive comments - such as tired toys, upselling of items to increase revenue have been acted up with replacement toys and ways to increase revenue disseminated to staff. More free sessions for families are on our objectives for 2023/2024 and already we have secured national lottery funding for 2 new free to user sessions for the future financial year. with further project outlines being formulated for a toy library (planned delivery 2023/2024) and an outreach facility (planned delivery 2024/2025).

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £31,789.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
13 March 2024

And signed on behalf of the board by:
Name: Catherine Martin
Status: Director