BROOME ISLAND COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
12566419 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

BROOME ISLAND COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

BROOME ISLAND COMMUNITY INTEREST COMPANY

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

During the financial year, Broome Island has maintained its commitment to developing the site and expanding the services offered to the community, despite not generating a surplus. This year has been pivotal in strengthening the foundation of our operations and enhancing our community engagement.Significant efforts have been made to enhance the existing facilities and to introduce new services that align with our mission to support the local community. These initiatives have required substantial investment, which is reflected in our financial outcomes. However, these are crucial steps towards sustainable growth and long-term community benefit.Throughout the year, the board has remained dedicated to fostering relationships within the community, ensuring that the development of the site not only meets the needs of the residents but also enhances the site. We have held several community engagement sessions, gathering valuable feedback that has informed our strategy and operations moving forward.We are optimistic about the future, believing that the investments made today will lead to beneficial returns for our community in the forthcoming years. The board wishes to express its gratitude to all stakeholders for their continued support and commitment to Broome Island Community Interest Company.



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Peter Clarke
Edward Greenwood
Benjamin Groombridge
Daniel Mears
Simon Walmsley


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
2 August 2024

And signed on behalf of the board by:
Name: Simon Walmsley
Status: Director

BROOME ISLAND COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 18,187 11,390
Cost of sales: ( 19,957 ) ( 11,496 )
Gross profit(or loss): (1,770) (106)
Administrative expenses: ( 1,638 ) ( 4,530 )
Operating profit(or loss): (3,408) (4,636)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (3,408) (4,636)
Tax: 0 0
Profit(or loss) for the financial year: (3,408) (4,636)

BROOME ISLAND COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 7,538 8,314
Total fixed assets: 7,538 8,314
Current assets
Debtors: 4 205 1,958
Cash at bank and in hand: 829 3,681
Total current assets: 1,034 5,639
Creditors: amounts falling due within one year: 5 ( 98 ) ( 2,379 )
Net current assets (liabilities): 936 3,260
Total assets less current liabilities: 8,474 11,574
Creditors: amounts falling due after more than one year: 6 ( 16,745 ) ( 16,436 )
Total net assets (liabilities): (8,271) (4,862)
Members' funds
Profit and loss account: (8,271) ( 4,862)
Total members' funds: ( 8,271) (4,862)

The notes form part of these financial statements

BROOME ISLAND COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 April 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 2 August 2024
and signed on behalf of the board by:

Name: Benjamin Groombridge
Status: Director

The notes form part of these financial statements

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    For tangible fixed assets depreciation is provided at the following annual rates in order to write off each asset over the period of its useful life.Property, Plant & Equipment: 10% flat line basis assuming no residual valueMotor Vehicles: 10% flat line basis assuming no residual value

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 8,650 1,000 9,650
Additions 59 59
Disposals ( 431 ) ( 431 )
Revaluations
Transfers
At 30 April 2024 8,278 1,000 9,278
Depreciation
At 1 May 2023 1,136 200 1,336
Charge for year 304 100 404
On disposals
Other adjustments
At 30 April 2024 1,440 300 1,740
Net book value
At 30 April 2024 6,838 700 7,538
At 30 April 2023 7,514 800 8,314

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Trade debtors 205 1,958
Total 205 1,958

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 98 2,379
Total 98 2,379

BROOME ISLAND COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

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

2024 2023
£ £
Other creditors 16,745 16,436
Total 16,745 16,436

COMMUNITY INTEREST ANNUAL REPORT

BROOME ISLAND COMMUNITY INTEREST COMPANY

Company Number: 12566419 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

During the financial year, Broome Island has maintained its commitment to developing the site and expanding the services offered to the community, despite not generating a surplus. This year has been pivotal in strengthening the foundation of our operations and enhancing our community engagement.Significant efforts have been made to enhance the existing facilities and to introduce new services that align with our mission to support the local community. These initiatives have required substantial investment, which is reflected in our financial outcomes. However, these are crucial steps towards sustainable growth and long-term community benefit.Throughout the year, the board has remained dedicated to fostering relationships within the community, ensuring that the development of the site not only meets the needs of the residents but also enhances the site. We have held several community engagement sessions, gathering valuable feedback that has informed our strategy and operations moving forward.We are optimistic about the future, believing that the investments made today will lead to beneficial returns for our community in the forthcoming years. The board wishes to express its gratitude to all stakeholders for their continued support and commitment to Broome Island Community Interest Company.

Consultation with stakeholders

The organisation continues to obtain feedback from users and the wider community through a range of digital and anecdotal means. This includes local authorities, youth, community groups and individual customers.

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
2 August 2024

And signed on behalf of the board by:
Name: Peter Clarke
Status: Director