BROMSGROVE INDEPENDENT DESIGN CENTRE (IDC) CIC

Company limited by guarantee

Company Registration Number:
14476534 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 10 November 2022

End date: 30 November 2023

BROMSGROVE INDEPENDENT DESIGN CENTRE (IDC) CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

BROMSGROVE INDEPENDENT DESIGN CENTRE (IDC) CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

The company's principal activity during the year continued to be other education not elsewhere classified.



Directors

The director shown below has held office during the period of
4 January 2023 to 30 November 2023

Vivien Bedford


The directors shown below have held office during the whole of the period from
10 November 2022 to 30 November 2023

Grace Maries
Ian Pogson


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
6 August 2024

And signed on behalf of the board by:
Name: Vivien Bedford
Status: Director

BROMSGROVE INDEPENDENT DESIGN CENTRE (IDC) CIC

Profit And Loss Account

for the Period Ended 30 November 2023

13 months to 30 November 2023


£
Turnover: 9,128
Cost of sales: ( 221 )
Gross profit(or loss): 8,907
Administrative expenses: ( 16,063 )
Other operating income: 9,734
Operating profit(or loss): 2,578
Profit(or loss) before tax: 2,578
Tax: ( 490 )
Profit(or loss) for the financial year: 2,088

BROMSGROVE INDEPENDENT DESIGN CENTRE (IDC) CIC

Balance sheet

As at 30 November 2023

Notes 13 months to 30 November 2023


£
Current assets
Cash at bank and in hand: 2,758
Total current assets: 2,758
Creditors: amounts falling due within one year: 3 ( 670 )
Net current assets (liabilities): 2,088
Total assets less current liabilities: 2,088
Total net assets (liabilities): 2,088
Members' funds
Profit and loss account: 2,088
Total members' funds: 2,088

The notes form part of these financial statements

BROMSGROVE INDEPENDENT DESIGN CENTRE (IDC) CIC

Balance sheet statements

For the year ending 30 November 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 6 August 2024
and signed on behalf of the board by:

Name: Vivien Bedford
Status: Director

The notes form part of these financial statements

BROMSGROVE INDEPENDENT DESIGN CENTRE (IDC) CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

BROMSGROVE INDEPENDENT DESIGN CENTRE (IDC) CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    13 months to 30 November 2023
    Average number of employees during the period 0

BROMSGROVE INDEPENDENT DESIGN CENTRE (IDC) CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Creditors: amounts falling due within one year note

13 months to 30 November 2023
£
Trade creditors 180
Taxation and social security 490
Total 670

COMMUNITY INTEREST ANNUAL REPORT

BROMSGROVE INDEPENDENT DESIGN CENTRE (IDC) CIC

Company Number: 14476534 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

We serve the Bromsgrove and surrounding areas in Worcestershire providing sewing and art workshops. Our funding has come from grants from the local authority as well as charities Our children activities have been during the school holidays funded by the Holiday Activity Fund (HAF), we offer sewing and art sessions with a cooked lunch, this is part of the funding provision.We have served the adult communities with support from a Social Prescribing programme. Our activities took place in the local library and this group has continued after the funding finished. It is helping people with anxiety and bereavement issues.

Consultation with stakeholders

All board members are volunteers and we meet to discuss our aims, grants and programme of activities. We also contact organisations where we have not received funding to obtain a better understanding for the future when applying for grants

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
6 August 2024

And signed on behalf of the board by:
Name: Vivien Bedford
Status: Director