BEAMZ TRUST CIC

Company limited by guarantee

Company Registration Number:
12925511 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

BEAMZ TRUST CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

BEAMZ TRUST CIC

Directors' report period ended 31 October 2023

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

Directors

The director shown below has held office during the whole of the period from
1 November 2022 to 31 October 2023

Nick Coates


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 July 2024

And signed on behalf of the board by:
Name: Nick Coates
Status: Director

BEAMZ TRUST CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 5,501 1,651
Cost of sales: ( 1,618 ) ( 4,877 )
Gross profit(or loss): 3,883 (3,226)
Administrative expenses: ( 3,376 ) ( 2,948 )
Operating profit(or loss): 507 (6,174)
Profit(or loss) before tax: 507 (6,174)
Profit(or loss) for the financial year: 507 (6,174)

BEAMZ TRUST CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 410 546
Investments:   0 0
Total fixed assets: 410 546
Current assets
Stocks: 4 594 594
Debtors: 5 0 1,000
Cash at bank and in hand: 7,217 10,528
Investments:   0 0
Total current assets: 7,811 12,122
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 4,065 ) ( 2,719 )
Net current assets (liabilities): 3,746 9,403
Total assets less current liabilities: 4,156 9,949
Creditors: amounts falling due after more than one year: 7 ( 9,699 ) ( 16,000 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (5,543) (6,051)
Members' funds
Profit and loss account: (5,543) ( 6,051)
Total members' funds: ( 5,543) (6,051)

The notes form part of these financial statements

BEAMZ TRUST CIC

Balance sheet statements

For the year ending 31 October 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 30 July 2024
and signed on behalf of the board by:

Name: Nick Coates
Status: Director

The notes form part of these financial statements

BEAMZ TRUST CIC

Notes to the Financial Statements

for the Period Ended 31 October 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, and other similar services.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant and Machinery - 25% Reducing BalanceComputer Equipment - 25% Reducing Balance

    Other accounting policies

    Stocks and Work in ProgressStocks and work in progress are valued at the lower of cost and net realisable value after making due allowances for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract basis by recording turnover and related costs as contract activity progresses.

BEAMZ TRUST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 4

BEAMZ TRUST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 500 500 1,000
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 500 500 1,000
Depreciation
At 1 November 2022 227 227 454
Charge for year 68 68 136
On disposals
Other adjustments
At 31 October 2023 295 295 590
Net book value
At 31 October 2023 205 205 410
At 31 October 2022 273 273 546

BEAMZ TRUST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Stocks

2023 2022
£ £
Stocks 594 594
Payments on account 0 0
Total 594 594

BEAMZ TRUST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors

2023 2022
£ £
Trade debtors 0 851
Prepayments and accrued income 0 149
Other debtors 0 0
Total 0 1,000
Debtors due after more than one year: 0 0

BEAMZ TRUST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Trade creditors 28
Accruals and deferred income 2,470 1,720
Other creditors 1,595 971
Total 4,065 2,719

BEAMZ TRUST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

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

2023 2022
£ £
Other creditors 9,699 16,000
Total 9,699 16,000

COMMUNITY INTEREST ANNUAL REPORT

BEAMZ TRUST CIC

Company Number: 12925511 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

BEAMZ Trust CIC are challenging the triple-threat issue of Climate-emergency, biodiversity loss and poor wellbeing. Each of these are a cause of the other two, and are in turn caused by the other two. There are so many interdependencies and feedback loops that they all need to be tackled together. And BEAMZ are tackling it with wooden bicycles. The biggest sector of our excessive energy use is embodied energy. That is the energy required to make all the ‘stuff’ we consume in our day to day lives. Most of this energy is used in the mining and refining of the materials from which they are made. Because these processes take place in distant lands we have little knowledge or oversight of the process. For this reason the environmental outcome of our purchases are not included in the UK total BEAMZ are demonstrating that a remarkable sustainable material is growing in our local area. The bikes are made from Coppice-wood poles. Small broadleaf trees grow in parklands, roadsides and riversides, as well as coppice-managed woodland. When these trees are cut, the root live on and generates a new set of poles which can be cut again in 7 to 12 years. The root continues to sequester carbon, support the soil and maintain the porosity of the soil, reducing flooding. Periodic cutting of the poles lower the canopy allowing sunlight to reach the woodland floor. This unleashed a flowering of woodland plants which have lain dormant during the dark period. These support invertebrates which are the base of the food-chain for amphibians, reptiles mammals and birds. These animals poop and die I the woodland providing a supply of nutrient to support the regeneration of the trees. Using the poles in their natural state minimises processing and offers high strength because the grain structure is uninterrupted. Using this material to make bike frames BEAMZ are putting it head to head with the best structural materials available. The process creates working and volunteering opportunities which involve working in woodland, working with wood, working with your hands and working to push back on the triple-threat problem. Once the bikes leave the workshop, they attract plenty of attention, offering us a great opportunity to draw attention to the important issues. BEAMZ are also pioneering ways to sustain and support the rider’s attachment to the bike, both by technical support of the bike and creating a riding community to emotional support the rider. This will ensure a long product life. BEAMZ is unusual in encompassing a significant technical development to develop the processing of the material, debarking, hollowing and joining, in a way that creates a reliable structure in an economic time. Much of the workload in the 22-23 year has been improving the special machinery and jigs used in this process and significant advances have been made. Improved processes for binding the joints have greatly enhanced the reliability and appearance of the bikes.

Consultation with stakeholders

During the 22-23 year the stakeholders were limited to our four rider customers. Our current bikes are Beta versions, (a product still in development) and our riders are people who are happy to put miles on the bikes to expose them to the public and discover problems or shortcomings with the design. They are also happy to return the bikes for display at shows. They are supporters of the BEAMZ project and its aims. Consultation has been limited to informal conversation, but has been very helpful in developing the bikes, which is key to realising our aims and achieving our impacts. Training and inspiration from the SSE course has enabled BEAMZ to build a small group of volunteers in the current year, who we will be consulting more formally.

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
30 July 2024

And signed on behalf of the board by:
Name: Nick Coates
Status: Director