PARKLIFE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
07447708 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

PARKLIFE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

PARKLIFE COMMUNITY INTEREST COMPANY

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The principal activity of the company is that of an unlicensed cafe.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Joshua Ferguson
Nigel Fayle
Nigel Catling


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
29 March 2024

And signed on behalf of the board by:
Name: Joshua Ferguson
Status: Director

PARKLIFE COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,739 7,283
Total fixed assets: 3,739 7,283
Current assets
Stocks: 4 500 500
Cash at bank and in hand: 51,117 40,550
Total current assets: 51,617 41,050
Prepayments and accrued income: 2,349
Creditors: amounts falling due within one year: 5 ( 34,092 ) ( 18,074 )
Net current assets (liabilities): 17,525 25,325
Total assets less current liabilities: 21,264 32,608
Total net assets (liabilities): 21,264 32,608
Members' funds
Profit and loss account: 21,264 32,608
Total members' funds: 21,264 32,608

The notes form part of these financial statements

PARKLIFE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 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 29 March 2024
and signed on behalf of the board by:

Name: Joshua Ferguson
Status: Director

The notes form part of these financial statements

PARKLIFE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 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 the risks and rewards of ownership have transferred to them.

    Tangible fixed assets depreciation policy

    All asset classes are depreciated on a straight line basis over a period of 5 years.

    Other accounting policies

    Grants: Government and other 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.

PARKLIFE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 7 9

PARKLIFE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 50,453 1,584 52,037
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 50,453 1,584 52,037
Depreciation
At 1 April 2022 44,154 600 44,754
Charge for year 3,148 396 3,544
On disposals
Other adjustments
At 31 March 2023 47,302 996 48,298
Net book value
At 31 March 2023 3,151 588 3,739
At 31 March 2022 6,299 984 7,283

PARKLIFE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

2023 2022
£ £
Stocks 500 500
Total 500 500

PARKLIFE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 458 5,088
Taxation and social security 4,874 2,704
Accruals and deferred income 500 500
Other creditors 28,260 9,782
Total 34,092 18,074

COMMUNITY INTEREST ANNUAL REPORT

PARKLIFE COMMUNITY INTEREST COMPANY

Company Number: 07447708 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

The company operates the Parklife Cafe within St James' Park, Southampton. The cafe is focused on being available to every member of the community, both in its menu pricing policy and opening hours. Staff are a mix of paid staff and volunteers and work closely with the many volunteers who run community events in the cafe building.In addition to the cafe, the company operates a food distribution scheme and provides very low cost food on a donation basis to the local community. The impact of this is to reduce food poverty in the area and to reduce food waste by partnering with local retailers and other non-profits.

Consultation with stakeholders

The primary stakeholders are the local residents and the other charitable organisations which the company collaborates with. The CIC is in regular contact with members of the public via both social media and face-to-face within the cafe.

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
29 March 2024

And signed on behalf of the board by:
Name: Joshua Ferguson
Status: Director