MY POCKETS PEOPLE CIC

Company Registration Number:
09481040 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 April 2022

End date: 30 June 2023

MY POCKETS PEOPLE 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

MY POCKETS PEOPLE 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

Principal activities of the company

The principal activity of the company continued to be that of providing training and creative support to marginalised and disadvantaged communities.



Directors

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

Peter James Snelling
Sally Snelling
James William Price


The director shown below has held office during the period of
1 April 2022 to 24 November 2022

Rohan George Patrick Wadham


The director shown below has held office during the period of
24 November 2022 to 30 June 2023

Katie Harriman


Secretary Peter James Snelling

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
11 March 2024

And signed on behalf of the board by:
Name: Sally Snelling
Status: Director

MY POCKETS PEOPLE CIC

Profit And Loss Account

for the Period Ended 30 June 2023

15 months to 30 June 2023 2022


£

£
Turnover: 64,948 50,149
Cost of sales: ( 29,302 ) ( 33,749 )
Gross profit(or loss): 35,646 16,400
Administrative expenses: ( 35,691 ) ( 16,460 )
Operating profit(or loss): (45) (60)
Profit(or loss) before tax: (45) (60)
Tax: 45 60
Profit(or loss) for the financial year: 0 0

MY POCKETS PEOPLE CIC

Balance sheet

As at 30 June 2023

Notes 15 months to 30 June 2023 2022


£

£
Fixed assets
Tangible assets: 3 710 947
Total fixed assets: 710 947
Current assets
Debtors: 4 7,185
Cash at bank and in hand: 257 38,737
Total current assets: 7,442 38,737
Creditors: amounts falling due within one year: 5 ( 7,990 ) ( 39,477 )
Net current assets (liabilities): (548) (740)
Total assets less current liabilities: 162 207
Provision for liabilities: ( 135 ) ( 180 )
Total net assets (liabilities): 27 27
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 25 25
Total Shareholders' funds: 27 27

The notes form part of these financial statements

MY POCKETS PEOPLE 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 11 March 2024
and signed on behalf of the board by:

Name: Peter James Snelling
Status: Director

The notes form part of these financial statements

MY POCKETS PEOPLE 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, excluding discounts, rebates, value added tax or other similar sales taxes.

    Tangible fixed assets depreciation policy

    Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Furniture and Fittings - 25% Reducing Balance

MY POCKETS PEOPLE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    15 months to 30 June 2023 2022
    Average number of employees during the period 2 1

MY POCKETS PEOPLE 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 April 2022 3,420 3,420
Additions
Disposals
Revaluations
Transfers
At 30 June 2023 3,420 3,420
Depreciation
At 1 April 2022 2,473 2,473
Charge for year 237 237
On disposals
Other adjustments
At 30 June 2023 2,710 2,710
Net book value
At 30 June 2023 710 710
At 31 March 2022 947 947

MY POCKETS PEOPLE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

15 months to 30 June 2023 2022
£ £
Trade debtors 7,185
Total 7,185

MY POCKETS PEOPLE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

15 months to 30 June 2023 2022
£ £
Taxation and social security 169
Accruals and deferred income 313 35,650
Other creditors 7,508 3,827
Total 7,990 39,477

COMMUNITY INTEREST ANNUAL REPORT

MY POCKETS PEOPLE CIC

Company Number: 09481040 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

We have continued to run our music project that uses song writing, music making and creativity to improve the mental health and wellbeing of young people. We have partnered with Hull Youth Service, East Riding Youth Service, Aspire Connect, the MOD, and others to target young people from economically disadvantaged areas, young refugees, young people with mental health problems, young people who are in Army families and young people who are BAME. We have been writing songs, making videos, being creative and having fun. After we came to the end of our time working with Spirit of 2012 on the project Youth Music asked us to apply to them to continue the project. This bid was successful and we now have 3 years of support.

Consultation with stakeholders

Our Stakeholders include our funders - Spirit of 2012 and Youth Music, our partner organisations including Hull Youth Service, Aspire Youth Connect and the MOD, and the young people who have taken part in the project.We have consulted all our stakeholders and are constantly evaluating our impact both internally and with an external evaluator. Our report on the last phase of the project continues to be read by stakeholders and funders and is a great asset. We are now looking at new ways to evaluate the next stage of the project.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £31,425.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
11 March 2024

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