RICHARDS CASTLE SOAP BOX C.I.C.

Company limited by guarantee

Company Registration Number:
14872177 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 16 May 2023

End date: 31 December 2023

RICHARDS CASTLE SOAP BOX C.I.C.

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

RICHARDS CASTLE SOAP BOX C.I.C.

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

Principal activities of the company

The principal activity of the company is an annual event which raises funds for local charities. It holds the annual Richards Castle Soap Box, a community event, supported by volunteers. Funds raised are distributed to local charities following approval from the Community Interest Company Regulator.

Political and charitable donations

The Directors are pleased to report another successful year with £11,200 distributed to local charities. We thank our committee, volunteers, soap box racers, suppliers, the attending public and everyone who contributes to making our event a success.



Directors

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

David Wilkes
Humphrey Salwey
Kay Harley
Arabella Salwey


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
5 August 2024

And signed on behalf of the board by:
Name: David Wilkes
Status: Director

RICHARDS CASTLE SOAP BOX C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2023

8 months to 31 December 2023


£
Turnover: 15,605
Cost of sales: 0
Gross profit(or loss): 15,605
Distribution costs: ( 11,200 )
Administrative expenses: ( 4,364 )
Operating profit(or loss): 41
Profit(or loss) before tax: 41
Tax: ( 8 )
Profit(or loss) for the financial year: 33

RICHARDS CASTLE SOAP BOX C.I.C.

Balance sheet

As at 31 December 2023

Notes 8 months to 31 December 2023


£
Current assets
Debtors: 3 549
Cash at bank and in hand: 4,105
Total current assets: 4,654
Creditors: amounts falling due within one year: 4 ( 7 )
Net current assets (liabilities): 4,647
Total assets less current liabilities: 4,647
Creditors: amounts falling due after more than one year: 5 ( 4,602 )
Total net assets (liabilities): 45
Members' funds
Profit and loss account: 45
Total members' funds: 45

The notes form part of these financial statements

RICHARDS CASTLE SOAP BOX C.I.C.

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 5 August 2024
and signed on behalf of the board by:

Name: David Wilkes
Status: Director

The notes form part of these financial statements

RICHARDS CASTLE SOAP BOX C.I.C.

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.

RICHARDS CASTLE SOAP BOX C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

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

RICHARDS CASTLE SOAP BOX C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

8 months to 31 December 2023
£
Prepayments and accrued income 549
Total 549

RICHARDS CASTLE SOAP BOX C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

8 months to 31 December 2023
£
Taxation and social security 7
Total 7

RICHARDS CASTLE SOAP BOX C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

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

8 months to 31 December 2023
£
Other creditors 4,602
Total 4,602

COMMUNITY INTEREST ANNUAL REPORT

RICHARDS CASTLE SOAP BOX C.I.C.

Company Number: 14872177 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The company’s activities benefit the community and in particular by raising funds for local charities to enrich, support and empower the lives of local people in our area. We do this by operating an annual event that brings people together to experience and enjoy the fun of a Soap Box Derby.During 2023 we held our annual Richards Castle Soap Box on the last Sunday of June 2023. The funds raised from this event resulted in a £11,200 donation to local charities.There were three primary beneficiaries, receiving £8,000 in total:- Orleton Recreation Association- Marches Family Network- Sight Loss ShropshireIn addition, we made smaller donations totalling £3,200 in total to:- The Firefighters Charity- West Mercia Police Welfare Fund- Ludlow Air Cadets- Richards Castle WI- Richards Castle Village Hall- Richards Castle PCC

Consultation with stakeholders

The Directors appointed a Soap Box Committee of 12 local volunteers who collectively research and agree on the charities we support each year. Due diligence includes exploring how a charity would use the funds we raise, assessing their need in light of any other funding they receive and confirming their charitable status.

Directors' remuneration

No remuneration was received

Transfer of assets

Orelton Recreational Association £3,000Marches Family Network £3,000Sight Loss Shropshire £2,000The Fire Fighters Charity £450West Mercia Police Welfare Fund £300Ludlow Air Cadets 333 (Ludlow) £400Richard Castle WI £300Richards Castle Village Hall £850Richards Castle PCC £850

This report was approved by the board of directors on
5 August 2024

And signed on behalf of the board by:
Name: David Wilkes
Status: Director