FUTURES FARM PROJECT CIC

Company Registration Number:
11892498 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

FUTURES FARM PROJECT CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

FUTURES FARM PROJECT CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Craig Corry
Corinna Corry


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
30 June 2024

And signed on behalf of the board by:
Name: Corinna Corry
Status: Director

FUTURES FARM PROJECT CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 60,649 72,887
Cost of sales: ( 7,316 ) ( 8,741 )
Gross profit(or loss): 53,333 64,146
Administrative expenses: ( 53,997 ) ( 68,868 )
Other operating income: 4,634
Operating profit(or loss): (664) (88)
Profit(or loss) before tax: (664) (88)
Tax: ( 52 )
Profit(or loss) for the financial year: (664) (140)

FUTURES FARM PROJECT CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 2,017
Total fixed assets: 0 2,017
Current assets
Debtors: 4 33,444 19,918
Cash at bank and in hand: 2,300 8,567
Total current assets: 35,744 28,485
Creditors: amounts falling due within one year: 5 ( 34,130 ) ( 28,224 )
Net current assets (liabilities): 1,614 261
Total assets less current liabilities: 1,614 2,278
Total net assets (liabilities): 1,614 2,278
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,613 2,277
Total Shareholders' funds: 1,614 2,278

The notes form part of these financial statements

FUTURES FARM PROJECT CIC

Balance sheet statements

For the year ending 31 March 2024 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 30 June 2024
and signed on behalf of the board by:

Name: Corinna Corry
Status: Director

The notes form part of these financial statements

FUTURES FARM PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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

FUTURES FARM PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 5

FUTURES FARM PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 3,000 3,000
Additions
Disposals ( 3,000 ) ( 3,000 )
Revaluations
Transfers
At 31 March 2024 0 0
Depreciation
At 1 April 2023 983 983
Charge for year 363 363
On disposals ( 1,346 ) ( 1,346 )
Other adjustments
At 31 March 2024 0 0
Net book value
At 31 March 2024 0 0
At 31 March 2023 2,017 2,017

FUTURES FARM PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 8,225 10,182
Other debtors 25,219 9,736
Total 33,444 19,918

FUTURES FARM PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 29,103 22,479
Taxation and social security 2,724
Other creditors 5,027 3,021
Total 34,130 28,224

COMMUNITY INTEREST ANNUAL REPORT

FUTURES FARM PROJECT CIC

Company Number: 11892498 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Providing Employment to the local areaSupported young people and adults with additional needs & mental health requirements to re-engage with their schools, community, family & develop or experience social interactions with like minded individuals in a supported environment.Supporting individuals and families within the community who are waiting for ASC assessment.Working alongside primary, secondary & further education providers

Consultation with stakeholders

The companies’ stakeholders are residents, schools, parents, health & social care professionals in our community. We send out feedback regularly and obtain feedback from students, parents & professional. We use this information to help to improve the service we provide.

Directors' remuneration

The directors received a remuneration of £18,200 total.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 June 2024

And signed on behalf of the board by:
Name: Mrs Corinna Corry
Status: Director