THE SENSORY HUB GLASGOW CIC

Company limited by guarantee

Company Registration Number:
SC550875 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

THE SENSORY HUB GLASGOW CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

THE SENSORY HUB GLASGOW CIC

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 principle activity of the CIC was the provision of guided sensory session for children in Glasgow



Directors

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

Gail MacDonald Russell
Lynne Burns Braidie
Catherine Devitt Kerr


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
31 January 2024

And signed on behalf of the board by:
Name: Gail MacDonald Russell
Status: Director

THE SENSORY HUB GLASGOW CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Administrative expenses: ( 29,824 ) ( 23,780 )
Other operating income: 15,934 31,272
Operating profit(or loss): (6,831) 7,492
Interest receivable and similar income: 1
Profit(or loss) before tax: (6,831) 7,493
Tax: ( 1,423 )
Profit(or loss) for the financial year: (6,831) 6,070

THE SENSORY HUB GLASGOW CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 17,708 20,708
Total fixed assets: 17,708 20,708
Current assets
Cash at bank and in hand: 22,684 30,938
Total current assets: 22,684 30,938
Creditors: amounts falling due within one year: 4 ( 9,382 ) ( 14,870 )
Net current assets (liabilities): 13,302 16,068
Total assets less current liabilities: 31,010 36,776
Creditors: amounts falling due after more than one year: 5 ( 5,000 )
Provision for liabilities: ( 3,935 )
Total net assets (liabilities): 26,010 32,841
Members' funds
Profit and loss account: 26,010 32,841
Total members' funds: 26,010 32,841

The notes form part of these financial statements

THE SENSORY HUB GLASGOW CIC

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.

This report was approved by the board of directors on 31 January 2024
and signed on behalf of the board by:

Name: Gail MacDonald Russell
Status: Director

The notes form part of these financial statements

THE SENSORY HUB GLASGOW CIC

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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates inorder to write off the assets over their estimated useful lives:Plant & machinery 20% on reducing balance

    Other accounting policies

    Other Operating IncomeOther operating income represents income derived other than through the general operational activities. Grants have beenreleased from the balance sheet to the Profit & Loss as the expenditure is incurred.

THE SENSORY HUB GLASGOW CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 2

THE SENSORY HUB GLASGOW CIC

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 35,742 35,742
Additions 2,478 2,478
Disposals
Revaluations
Transfers
At 31 March 2023 38,220 38,220
Depreciation
At 1 April 2022 15,034 15,034
Charge for year 5,478 5,478
On disposals
Other adjustments
At 31 March 2023 20,512 20,512
Net book value
At 31 March 2023 17,708 17,708
At 31 March 2022 20,708 20,708

THE SENSORY HUB GLASGOW CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 9,020
Taxation and social security 4,275 3,417
Other creditors 5,107 2,433
Total 9,382 14,870

THE SENSORY HUB GLASGOW CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

2023
£
Other creditors 5,000
Total 5,000

COMMUNITY INTEREST ANNUAL REPORT

THE SENSORY HUB GLASGOW CIC

Company Number: SC550875 (Scotland)

Year Ending: 31 March 2023

Company activities and impact

During the financial year, the Sensory Hub provided facilities to parents in the Glasgow area which are inclusive and inspiring.The local parent community have been able to access the space for various planned sessions where children can experience play encompassing all senses.

Consultation with stakeholders

No consultation with stakeholders

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
31 January 2024

And signed on behalf of the board by:
Name: Gail MacDonald
Status: Director