BHVA AXIS HUB CIC

Company Registration Number:
13730986 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

BHVA AXIS HUB 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

BHVA AXIS HUB 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

We provide a sanctuary for people to just be themselves. Todays' society is becoming more diverse, but at the same time is creating more barriers for people to be themselves and feel accepted. We aim to provide a place where people can be just who they are, with no expectations, and empower them to break down barriers they may face in society.



Directors

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

Lindsey Atkins
Rebecca Hurrell


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
27 August 2024

And signed on behalf of the board by:
Name: Lindsey Atkins
Status: Director

BHVA AXIS HUB CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 13 months to 30 November 2022


£

£
Turnover: 14,363 17,469
Cost of sales: ( 1,048 ) ( 7,412 )
Gross profit(or loss): 13,315 10,057
Administrative expenses: ( 21,423 ) ( 16,193 )
Other operating income: 3,479 9,348
Operating profit(or loss): (4,629) 3,212
Profit(or loss) before tax: (4,629) 3,212
Profit(or loss) for the financial year: (4,629) 3,212

BHVA AXIS HUB CIC

Balance sheet

As at 30 November 2023

Notes 2023 13 months to 30 November 2022


£

£
Fixed assets
Tangible assets: 3 8,078 12,480
Total fixed assets: 8,078 12,480
Current assets
Debtors: 4 1,583 3,449
Cash at bank and in hand: 2,560 282
Total current assets: 4,143 3,731
Creditors: amounts falling due within one year: 5 ( 13,636 ) ( 12,997 )
Net current assets (liabilities): (9,493) (9,266)
Total assets less current liabilities: (1,415) 3,214
Total net assets (liabilities): (1,415) 3,214
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (1,417 ) 3,212
Total Shareholders' funds: ( 1,415 ) 3,214

The notes form part of these financial statements

BHVA AXIS HUB 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 27 August 2024
and signed on behalf of the board by:

Name: Lindsey Atkins
Status: Director

The notes form part of these financial statements

BHVA AXIS HUB 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, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Land & buildings - 7 years straight line Fixtures & fittings - 4 years straight line Computer equipment - 3 years straight line

    Other accounting policies

    Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling.

BHVA AXIS HUB CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 13 months to 30 November 2022
    Average number of employees during the period 2 2

BHVA AXIS HUB CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 4,675 731 11,493 16,899
Additions
Disposals
Revaluations
Transfers
At 30 November 2023 4,675 731 11,493 16,899
Depreciation
At 1 December 2022 718 183 3,518 4,419
Charge for year 701 183 3,518 4,402
On disposals
Other adjustments
At 30 November 2023 1,419 366 7,036 8,821
Net book value
At 30 November 2023 3,256 365 4,457 8,078
At 30 November 2022 3,957 548 7,975 12,480

BHVA AXIS HUB CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 13 months to 30 November 2022
£ £
Trade debtors 240 1,200
Prepayments and accrued income 1,343 2,249
Total 1,583 3,449

BHVA AXIS HUB CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 13 months to 30 November 2022
£ £
Trade creditors 1,068 1,632
Accruals and deferred income 252 252
Other creditors 12,316 11,113
Total 13,636 12,997

Included within other creditors are amounts due to the Directors totally £10,950 (2022: £11,1123).

COMMUNITY INTEREST ANNUAL REPORT

BHVA AXIS HUB CIC

Company Number: 13730986 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

We provide a sanctuary for people to just be themselves. Today’s society is becoming more diverse, but at the same time is creating more barriers for people to be themselves and feel accepted. We aim to provide a place where people can be just who they are, with no expectations, and empower them to break down barriers they may face in society. BHVA Axis Hub have: Provided funded places for children and young people to access arts provisions. Partnered with Northamptonshire Sport to provide create and performing arts workshops for vulnerable children during the school holidays. Provided rooms for Ukrainians to learn English as part of their onboarding process for a new company in the Kettering area. Purchased iPads to be used by children and young people for creative learning. Championed diverse and inclusive workforces by providing training to organisations, including the National Trust. Provided business coaching to new and start-up companies to help them flourish and thrive. Researched, prepared and created feasibility study and business plan to apply for funding from the government’s Community Ownership Fund to purchase and begin renovating the former Gala Bingo Hall. Partnered with The Mighty Creatives to provide creative support for vulnerable children and young people.

Consultation with stakeholders

BHVA Axis Hub’s stakeholders and residents of the Northamptonshire area, local businesses and councils. The directors have lived in the area for several years and developed the business model for The Axis Hub based on their experience of talking to local residents, business owners, creative organisations and the local town council and chamber of commerce. Feedback is provided by users of the current facility as well as supporters for the ambitious plans to redevelop the now derelict former cinema turned bingo hall in Kettering town centre and transforming it into a thriving creative hub.

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
27 August 2024

And signed on behalf of the board by:
Name: Lindsey Atkins
Status: Director