STROOD COMMUNITY DEVELOPMENT CIC

Company limited by guarantee

Company Registration Number:
14485267 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 15 November 2022

End date: 31 March 2024

STROOD COMMUNITY DEVELOPMENT CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

STROOD COMMUNITY DEVELOPMENT CIC

Profit And Loss Account

for the Period Ended 31 March 2024

17 months to 31 March 2024


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: 0
Operating profit(or loss): 0
Profit(or loss) before tax: 0
Profit(or loss) for the financial year: 0

STROOD COMMUNITY DEVELOPMENT CIC

Balance sheet

As at 31 March 2024

Notes 17 months to 31 March 2024


£
Fixed assets
Tangible assets:   0
Investments: 3 3
Total fixed assets: 3
Net current assets (liabilities):  
Total assets less current liabilities: 3
Total net assets (liabilities): 3
Members' funds
Profit and loss account: 3
Total members' funds: 3

The notes form part of these financial statements

STROOD COMMUNITY DEVELOPMENT 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 4 August 2024
and signed on behalf of the board by:

Name: Bebe Long
Status: Director

The notes form part of these financial statements

STROOD COMMUNITY DEVELOPMENT 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

STROOD COMMUNITY DEVELOPMENT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    17 months to 31 March 2024
    Average number of employees during the period 0

    Strood Community Development CIC is primarily run by two volunteers.

STROOD COMMUNITY DEVELOPMENT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Fixed assets investments note

Strood Community Development CIC does not have any fixed assets. Fixed assets, when acquired, are depreciated on a straight line basis over:- equipment - 5 years;- ICT equipment - 3 years.

COMMUNITY INTEREST ANNUAL REPORT

STROOD COMMUNITY DEVELOPMENT CIC

Company Number: 14485267 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Strood Community Development CIC continues to work to develop community projects in and around Strood.It continues to supervise the expenditure of money raised in the social enterprise, Strood Community Shop CIC, ensuring that it is spent for the public benefit, when it is not being donated to charities. As a company limited by guarantee with no shareholders, it ensure that the money raised can only be used for the community benefit. Where Strood Community Shop CIC donates its profits direct to charities, Strood Community Development CIC continues to supervise that giving. In particular this year Strood Community Development CIC assisted in setting up the Strood Community Fund, a charitable giving fund overseen by CAF Bank with independent trustees. This ensures that charitable giving by Strood Community Shop CIC has independent oversight.In addition Strood Community Development CIC helped set up Strood Community Cuddles, another innovative project under the Strood Community brand, which is a free visitor attraction in Strood. A small range of cuddly animals are available for visitors to pet and interact with. It has proven a big success in attracting new visitors to the town, but surprisingly it has been a hit with older adults, providing a reason to leave home and visit the town which does not involve expenditure on shopping.

Consultation with stakeholders

Most of our consultation was with Medway Council's animal control department, in the creation of Strood Community Cuddles, to ensure that we remained on the right side of the law.

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
4 August 2024

And signed on behalf of the board by:
Name: Bebe Long
Status: Director