FP RAFT CIC

Company limited by guarantee

Company Registration Number:
09257184 (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

FP RAFT 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

FP RAFT 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 directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023

D Halliwell
C Denny
B Rollo


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 July 2024

And signed on behalf of the board by:
Name: D Halliwell
Status: Director

FP RAFT CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 7,024 7,614
Gross profit(or loss): 7,024 7,614
Administrative expenses: ( 27,025 ) ( 24,463 )
Other operating income: 4,307 33,117
Operating profit(or loss): (15,694) 16,268
Profit(or loss) before tax: (15,694) 16,268
Profit(or loss) for the financial year: (15,694) 16,268

FP RAFT CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 24,854 33,155
Total fixed assets: 24,854 33,155
Current assets
Debtors: 4 50
Cash at bank and in hand: 30,393 37,386
Total current assets: 30,393 37,436
Creditors: amounts falling due within one year: 5 ( 350 )
Net current assets (liabilities): 30,043 37,436
Total assets less current liabilities: 54,897 70,591
Total net assets (liabilities): 54,897 70,591
Members' funds
Profit and loss account: 54,897 70,591
Total members' funds: 54,897 70,591

The notes form part of these financial statements

FP RAFT 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 31 July 2024
and signed on behalf of the board by:

Name: D Halliwell
Status: Director

The notes form part of these financial statements

FP RAFT 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulateddepreciation and any accumulated impairment losses. Historical cost includes expenditure that isdirectly attributable to bringing the asset to the location and condition necessary for it to be capable ofoperating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over theirestimated useful lives, on a reducing balance basis.Depreciation is provided on the following basis:Office equipment - 25%Other fixed assets - 25%The assets' residual values, useful lives and depreciation methods are reviewed, and adjustedprospectively if appropriate, or if there is an indication of a significant change since the last reportingdate.Gains and losses on disposals are determined by comparing the proceeds with the carrying amountand are recognised in profit or loss

FP RAFT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

FP RAFT 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 44,910 540 45,450
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 44,910 540 45,450
Depreciation
At 1 November 2022 11,796 499 12,295
Charge for year 8,279 22 8,301
On disposals
Other adjustments
At 31 October 2023 20,075 521 20,596
Net book value
At 31 October 2023 24,835 19 24,854
At 31 October 2022 33,114 41 33,155

FP RAFT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 50
Total   50

FP RAFT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023
£
Accruals and deferred income 350
Total 350

COMMUNITY INTEREST ANNUAL REPORT

FP RAFT CIC

Company Number: 09257184 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

We have been trading as Farri Park CIC for 8 years and we deliver activities from the centre for the benefit of the local community, these include; youth clubs, food clubs, breakfast clubs, over 50's groups, arts and crafts, community bingo sessions and themed events such as Easter, Christmas and Halloween parties. The weekly activities are initiated by the local resident's association and supported by Farri Park CIC, and they have over the years increased community cohesion in the area. The centre is somewhat isolated from some of the main areas of Preston which makes it a local community hub and a place for residents to meet up and interact with each other. The Centre also supports other organisations such as Preston City Council, Community Gateway Association and Lancashire Adult Learning allowing them to hire the building facilities. The Centre is also used by other organisations to facilitate and aid their work. In 2024 Farri Park CIC has merged with RAFT food bank under one umbrella and we have therefore changed our name to FP RAFT CIC.

Consultation with stakeholders

The Company's stakeholders are all the local residents who surround and are in the are of Farringdon Park. Ongoing consultation takes place to ensure that all individuals have the opportunity to state what they would like to see happening at the centre. The CIC supports the local community newsletter which is delivered to around 700 homes in the area, ensuring that people know what is going on and have their say.

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 July 2024

And signed on behalf of the board by:
Name: D Halliwell
Status: Director