COMMUNITY MONEY ADVICE SOUTH WILTSHIRE CIC

Company limited by guarantee

Company Registration Number:
13666506 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

COMMUNITY MONEY ADVICE SOUTH WILTSHIRE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

COMMUNITY MONEY ADVICE SOUTH WILTSHIRE CIC

Balance sheet

As at 31 December 2023

Notes 2023 15 months to 31 December 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 440 0
Investments:   0 0
Total fixed assets: 440 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 6,790 5,832
Investments:   0 0
Total current assets: 6,790 5,832
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 6,790 5,832
Total assets less current liabilities: 7,230 5,832
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 7,230 5,832
Members' funds
Profit and loss account: 7,230 5,832
Total members' funds: 7,230 5,832

The notes form part of these financial statements

COMMUNITY MONEY ADVICE SOUTH WILTSHIRE CIC

Balance sheet statements

For the year ending 31 December 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 March 2024
and signed on behalf of the board by:

Name: Derek Holloway
Status: Director

The notes form part of these financial statements

COMMUNITY MONEY ADVICE SOUTH WILTSHIRE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

COMMUNITY MONEY ADVICE SOUTH WILTSHIRE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 15 months to 31 December 2022
    Average number of employees during the period 1 0

    We paid a self employed consultant to coordinate our services she invoiced in total £2971.08 across the accounting period

COMMUNITY MONEY ADVICE SOUTH WILTSHIRE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 0 0
Additions 440 440
Disposals
Revaluations
Transfers
At 31 December 2023 440 440
Depreciation
At 1 January 2023 0 0
Charge for year
On disposals
Other adjustments
At 31 December 2023 0 0
Net book value
At 31 December 2023 440 440
At 31 December 2022 0 0

COMMUNITY INTEREST ANNUAL REPORT

COMMUNITY MONEY ADVICE SOUTH WILTSHIRE CIC

Company Number: 13666506 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The company provides free non judgemental debt advice and budgeting support to those in financial difficulties in the South Wiltshire area. Most of our clients are referred to us by other agencies including the local council, social and mental health services and local housing agencies. Some clients have found us through leaflets or through our website. https://cmasouthwilts.org.ukWe help people maximise their household income, reducing household bills and support with claiming benefit entitlements and in one case helping them find pensions that they didn't realise they had. We are an affiliated a national charity Community Money Advice and this gives us access to their professional support. During 2023 we were able to support 21 individuals in financial difficulty. For some this meant supporting them through the process of applying for a Debt Relief Order, for some it involved negotiating with their creditors to set up acceptable payment options. For some a session or two helping them manage their budgets was sufficient.

Consultation with stakeholders

The companies stakeholders are our clients, our funders and our colleagues in social services, charities and the local authority. We are audited annually by our parent charity Community Money Advice. This provides us with targets and actions to work on to improve our service. We ask all our clients to fill in an online questionnaire, however, we recognise the response rate is too low to draw significant conclusions from. We produce annual reports to our funders. We attend the Salisbury City Exchange a bi-monthly of charities and others working in the social welfare field to exchange ideas and report and hear about issues and needs facing the people of South Wiltshire.

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
26 April 2024

And signed on behalf of the board by:
Name: Derek Holloway
Status: Director