PARKLIFE SOUTH WEST CIC

Company limited by guarantee

Company Registration Number:
12316866 (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

PARKLIFE SOUTH WEST 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

PARKLIFE SOUTH WEST 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

Supporting community groups in regards to environmental activities that benefit both nature and people in an educational manner.



Directors

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

Andrew Price
Keith Rennells


The director shown below has held office during the period of
1 December 2022 to 5 November 2023

Catherine Munro


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

James Roberts


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
26 August 2024

And signed on behalf of the board by:
Name: Andrew Price
Status: Director

PARKLIFE SOUTH WEST CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 171,020 119,466
Cost of sales: ( 153,525 ) ( 114,127 )
Gross profit(or loss): 17,495 5,339
Administrative expenses: ( 10,152 ) ( 4,377 )
Operating profit(or loss): 7,343 962
Profit(or loss) before tax: 7,343 962
Tax: ( 756 )
Profit(or loss) for the financial year: 6,587 962

PARKLIFE SOUTH WEST CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,830 1,120
Total fixed assets: 1,830 1,120
Current assets
Debtors: 4 22,604 20,262
Cash at bank and in hand: 39,028 16,450
Total current assets: 61,632 36,712
Creditors: amounts falling due within one year: 5 ( 56,990 ) ( 37,947 )
Net current assets (liabilities): 4,642 (1,235)
Total assets less current liabilities: 6,472 ( 115)
Creditors: amounts falling due after more than one year: 6 ( 1,000 ) ( 1,000 )
Total net assets (liabilities): 5,472 (1,115)
Members' funds
Profit and loss account: 5,472 ( 1,115)
Total members' funds: 5,472 (1,115)

The notes form part of these financial statements

PARKLIFE SOUTH WEST 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 23 August 2024
and signed on behalf of the board by:

Name: Andrew Price
Status: Director

The notes form part of these financial statements

PARKLIFE SOUTH WEST 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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods. The amount of revenue can be measured reliably. It is probable that the associated economic benefits will flow to the entity. The costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset at the rate of 20 per cent per annum straight line

PARKLIFE SOUTH WEST CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

PARKLIFE SOUTH WEST 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 1,400 1,400
Additions 1,238 1,238
Disposals
Revaluations
Transfers
At 30 November 2023 2,638 2,638
Depreciation
At 1 December 2022 280 280
Charge for year 528 528
On disposals
Other adjustments
At 30 November 2023 808 808
Net book value
At 30 November 2023 1,830 1,830
At 30 November 2022 1,120 1,120

PARKLIFE SOUTH WEST CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Trade debtors 22,604 20,262
Total 22,604 20,262

PARKLIFE SOUTH WEST CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 7,936 5,441
Taxation and social security 11,082 6,777
Accruals and deferred income 37,972 25,729
Total 56,990 37,947

PARKLIFE SOUTH WEST CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

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

2023 2022
£ £
Other creditors 1,000 1,000
Total 1,000 1,000

COMMUNITY INTEREST ANNUAL REPORT

PARKLIFE SOUTH WEST CIC

Company Number: 12316866 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

During the fourth year of operation, ParkLife SW expanded its work with volunteers of all ages and backgrounds, with thousands of hours of community volunteer time contributing to local environmental projects. Motivated by a post-covid desire to be active outdoors and wanting to take personal action in response to the climate and biodiversity emergencies, volunteers have in particular joined in with tree and hedge planting. This included the planting carried out through the Woodland Trust Emergency Tree Fund, with volunteers joining projects in Newton Poppleford, Sidmouth, Bovey Tracey, Ipplepen and Rattery. Another notable project for ParkLife has been delivering school and hard-to-reach group partic-ipation in a new woodland creation project, Yonder Oak Wood, near Woodbury in East Devon. This involved taking children from the local primary schools (Lympstone & Woodbury) to the site to plant trees, as well as classes from Brixington (Exmouth) and St Sidwells (Exeter) who don’t get much access to green space and nature in their lives. Other groups attending includ-ed students from the Deaf College in Exmouth ParkLife SW has continued to plant traditional orchards, carry out pond restoration, work on a larger number of wildflower meadow creation and management projects, and also run and at-tend community events. Community groups and individual volunteers have joined in with these projects in good numbers. ParkLife has maintained a team of 5 or 6 project officers through the year which means that we can help support the community in more ways. More tools and other equipment have been acquired for use by volunteers who join in with a wide range of conservation projects. ParkLife SW continues to support local groups with grant funding applications, assisting them with the process and therefore helping to take their ideas through to delivery on the ground, supporting each step through planning, consultation, funding to promotion and delivery on the ground. Over the next year ParkLife SW will continue to increase these types of events, planting more trees, creating more meadows and support more volunteer groups whilst working with new network partners.

Consultation with stakeholders

ParkLife uses online survey tools to gauge the views of communities. This is particularly useful when consulting on a proposal for a new facility, like a community orchard or nature reserve. This year, such consultations have taken place in South Hill and Rattery, and the feedback received has helped shaped plans and support grant funding applications.

Directors' remuneration

The amount received by Directors for services totalled £64,431. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Keith Rennells
Status: Director