SCOTTISH BORDERS SOCIAL ENTERPRISE CHAMBER C.I.C.

Company limited by guarantee

Company Registration Number:
SC292473 (Scotland)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

SCOTTISH BORDERS SOCIAL ENTERPRISE CHAMBER C.I.C.

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

SCOTTISH BORDERS SOCIAL ENTERPRISE CHAMBER C.I.C.

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

Principal activities of the company

The principal activity of the company is to bring better social enterprises in the Scottish Borders in a common effort to advance education and support their development.



Directors

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

Margaret Simpson
A D Roache
K Palmer
E D I Findlay
D J L Brookes
C M Timmins
S Lynch


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
25 July 2024

And signed on behalf of the board by:
Name: Margaret Simpson
Status: Director

SCOTTISH BORDERS SOCIAL ENTERPRISE CHAMBER C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 70,957 257,997
Gross profit(or loss): 70,957 257,997
Administrative expenses: ( 123,380 ) ( 274,334 )
Other operating income: 39,530 60,874
Operating profit(or loss): (12,893) 44,537
Interest receivable and similar income: 1,713 109
Profit(or loss) before tax: (11,180) 44,646
Tax: ( 325 )
Profit(or loss) for the financial year: (11,505) 44,646

SCOTTISH BORDERS SOCIAL ENTERPRISE CHAMBER C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 107 143
Total fixed assets: 107 143
Current assets
Cash at bank and in hand: 101,599 139,907
Total current assets: 101,599 139,907
Creditors: amounts falling due within one year: 4 ( 703 ) ( 27,542 )
Net current assets (liabilities): 100,896 112,365
Total assets less current liabilities: 101,003 112,508
Total net assets (liabilities): 101,003 112,508
Members' funds
Profit and loss account: 101,003 112,508
Total members' funds: 101,003 112,508

The notes form part of these financial statements

SCOTTISH BORDERS SOCIAL ENTERPRISE CHAMBER C.I.C.

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 25 July 2024
and signed on behalf of the board by:

Name: Margaret Simpson
Status: Director

The notes form part of these financial statements

SCOTTISH BORDERS SOCIAL ENTERPRISE CHAMBER C.I.C.

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 assets are stated at cost, less any subsequent accumulated depreciation and impairment losses.

SCOTTISH BORDERS SOCIAL ENTERPRISE CHAMBER C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

SCOTTISH BORDERS SOCIAL ENTERPRISE CHAMBER C.I.C.

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 800 800
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 800 800
Depreciation
At 1 November 2022 657 657
Charge for year 36 36
On disposals
Other adjustments
At 31 October 2023 693 693
Net book value
At 31 October 2023 107 107
At 31 October 2022 143 143

SCOTTISH BORDERS SOCIAL ENTERPRISE CHAMBER C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 27,164
Taxation and social security 325
Accruals and deferred income 378 378
Total 703 27,542

COMMUNITY INTEREST ANNUAL REPORT

SCOTTISH BORDERS SOCIAL ENTERPRISE CHAMBER C.I.C.

Company Number: SC292473 (Scotland)

Year Ending: 31 October 2023

Company activities and impact

THE CHAMBER IS A PARTNER OF SCOTTISH BORDERS THIRD SECTOR INTERFACE AND THROUGH WORKING WITH THEM, WE HAVE INCREASED OUR REPRESENTATION WITH BOTH COMMUNITY PLANNING AND AT A NATIONAL LEVEL. THIS REPRESENTATION HAS HELPED TO SHOW THE BENEFITS OF WORKING WITH OUR SECTOR.WE HAVE THROUGH OUR BUSINESS GROUP BROUGHT A NUMBER OF SOCIAL ENTERPRISES TOGETHER TO HELP THEM WITH THEIR GROWTH.

Consultation with stakeholders

DURING THE LAST YEAR AS PART OF THE TSI, WE HAVE CONTACTED ALL OUR MEMBERS TO SHOW THE SERVICES ON OFFER AND TO GET THEIR VIEWS ON VARIOUS MATTER THAT CONCERN OUR AREA OF WORK.

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: Margaret Simpson
Status: Director