OAKWORTH COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13573967 (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

OAKWORTH COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

OAKWORTH COMMUNITY INTEREST COMPANY

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Political and charitable donations

During the year, total donations of £6,024 (2022: £12,455) were made to the Oakworth Community Trust (charity number 1172106).



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

K Gilert
R M Green
D J Wilson


The director shown below has held office during the period of
26 January 2023 to 31 December 2023

S J Ives


Secretary S M Wright

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
14 July 2024

And signed on behalf of the board by:
Name: R M Green
Status: Director

OAKWORTH COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2023

2023 16 months to 31 December 2022


£

£
Turnover: 10,733 23,270
Cost of sales: ( 3,677 ) ( 9,871 )
Gross profit(or loss): 7,056 13,399
Administrative expenses: ( 7,056 ) ( 13,399 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

OAKWORTH COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2023

Notes 2023 16 months to 31 December 2022


£

£
Current assets
Debtors: 3 269 371
Cash at bank and in hand: 8,925 15,296
Total current assets: 9,194 15,667
Creditors: amounts falling due within one year: 4 ( 6,624 ) ( 13,097 )
Net current assets (liabilities): 2,570 2,570
Total assets less current liabilities: 2,570 2,570
Creditors: amounts falling due after more than one year: 5 ( 2,570 ) ( 2,570 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

OAKWORTH COMMUNITY INTEREST COMPANY

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.

This report was approved by the board of directors on 14 July 2024
and signed on behalf of the board by:

Name: R M Green
Status: Director

The notes form part of these financial statements

OAKWORTH COMMUNITY INTEREST COMPANY

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 Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Other accounting policies

    The taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

OAKWORTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 16 months to 31 December 2022
    Average number of employees during the period 0 0

OAKWORTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 16 months to 31 December 2022
£ £
Trade debtors 269 371
Total 269 371

OAKWORTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 16 months to 31 December 2022
£ £
Other creditors 6,624 13,097
Total 6,624 13,097

OAKWORTH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

2023 16 months to 31 December 2022
£ £
Other creditors 2,570 2,570
Total 2,570 2,570

COMMUNITY INTEREST ANNUAL REPORT

OAKWORTH COMMUNITY INTEREST COMPANY

Company Number: 13573967 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Throughout the year, the Company has provided two services to support the work of the owning Charity – providing private hire to groups and private clients, and running a bar service. These services have bolstered the Charity’s finances, enabling it to meet its charitable objectives whilst also investing in the community building, refreshing rooms to make them modern and accessible.

Consultation with stakeholders

The main stakeholders for the Company are the users of the building and wider community. We hold an annual survey of building users to gauge engagement and this also helps the Charity’s investment plan, which is usually funded from the activities of the Company. In the next Financial Year, we plan on furthering this work by surveying members of the wider community, who do not currently access the CIC’s services to understand if there are any barriers to entry etc.

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
14 July 2024

And signed on behalf of the board by:
Name: R M Green
Status: Director