THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

Company limited by guarantee

Company Registration Number:
SC561038 (Scotland)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

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

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

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

The running of a licensed bar and social club



Directors

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

RAYMOND LESLIE
IAN WHITE
JOHN KEY
DAVID SPROTT


Secretary DAVID SPROTT

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
7 August 2024

And signed on behalf of the board by:
Name: DAVID SPROTT
Status: Secretary

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 121,041 131,994
Cost of sales: ( 49,232 ) ( 54,259 )
Gross profit(or loss): 71,809 77,735
Administrative expenses: ( 98,771 ) ( 95,836 )
Other operating income: 9,739 18,045
Operating profit(or loss): (17,223) (56)
Profit(or loss) before tax: (17,223) (56)
Profit(or loss) for the financial year: (17,223) (56)

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 84,252 89,319
Total fixed assets: 84,252 89,319
Current assets
Stocks: 4 4,030 5,634
Debtors: 5 473 3,317
Cash at bank and in hand: 9,264 35,847
Total current assets: 13,767 44,798
Creditors: amounts falling due within one year: 6 ( 51,061 ) ( 65,632 )
Net current assets (liabilities): (37,294) (20,834)
Total assets less current liabilities: 46,958 68,485
Creditors: amounts falling due after more than one year: 7 ( 6,000 ) ( 10,000 )
Total net assets (liabilities): 40,958 58,485
Members' funds
Profit and loss account: 40,958 58,485
Total members' funds: 40,958 58,485

The notes form part of these financial statements

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

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

Name: DAVID SPROTT
Status: Director

The notes form part of these financial statements

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

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

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

    one full time employee, four part time staff

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

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 36,722 54,440 10,385 4,196 105,743
Additions 868 868
Disposals
Revaluations
Transfers
At 30 November 2023 36,722 54,440 11,253 4,196 106,611
Depreciation
At 1 December 2022 10,344 4,332 1,748 16,424
Charge for year 4,410 1,037 488 5,935
On disposals
Other adjustments
At 30 November 2023 14,754 5,369 2,236 22,359
Net book value
At 30 November 2023 36,722 39,686 5,884 1,960 84,252
At 30 November 2022 36,722 44,096 6,053 2,448 89,319

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Stocks

2023 2022
£ £
Stocks 4,030 5,634
Total 4,030 5,634

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors

2023 2022
£ £
Trade debtors 473 3,317
Total 473 3,317

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 4,000 4,000
Trade creditors 2,453 11,276
Taxation and social security 3,791 4,968
Other creditors 40,817 45,388
Total 51,061 65,632

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

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

2023 2022
£ £
Bank loans and overdrafts 6,000 10,000
Total 6,000 10,000

COMMUNITY INTEREST ANNUAL REPORT

THE COMRADES COMMUNITY AND VETERANS SOCIAL CLUB C.I.C.

Company Number: SC561038 (Scotland)

Year Ending: 30 November 2023

Company activities and impact

The company operates The Comrades Community and Veterans Social Club CIC. The company aims are to provide facilities for social interaction to members of Veterans and community groups and associations through the operation of a licensed premises social club. In common with other licensed companies in the hospitality sector, trading conditions through the reporting period have been impacted by economic conditions in social patterns particularly amongst senior citizens and veterans throughout the reporting period. Continued responsibility for the organisation and administrative support, traffic marshals for the annual act of Remembrance parade and Church Service with financial assistance and catering facilities for post parade reception for veterans and civic dignitaries. Provide employment for one full time employee and four-part time recruited from the local community. Made financial donations to various national maritime charities. Continued organisation status with concessionary membership for members of Lossiemouth Branch of the Royal Naval Association, Royal Air Force Association and Royal British Legion (Scotland) Lossiemouth Branch. Provided Lossiemouth Coastal Rowing Club, Seafest committee and other community groups access to club facilities to further their social and charitable aims Completed grant work funded by the Armed Forces Covenant Community Centres funding programme for enhancement of premises and access for patrons with mobility issues This work included improved access to facilities by introducing a level paved area at street level to access lower level of club facilities and stair lift for access to upper-level function room. Accessibility toilets have been installed on both levels, including CIC funded electrical work, updating switchboards and replacement of fluorescent light fittings with eco compliant LED fittings. Air conditioning units have been installed throughout the building. The Directors and committee intend to focus on building on these strengths and increasing membership especially from the veteran community.

Consultation with stakeholders

The stakeholders are members of the club, visitors, member organisations, veterans’ associations and charitable and community groups who make use of the facilities provided. The Directors delegate responsibility for management of the club to an elected committee who manage the social aspects of the club. Committee meetings attended by the Directors are held on a monthly basis to receive financial and business development reports. An annual general meeting usually held in February of each year for the election and reappointment of directors and committee members and adoption of independently examined accounts. Motions are accepted from members for discussion and adoption by majority vote. The Company secretary liaises with member organisations, community groups and charities who use the club premises and elicits feedback on customer satisfaction on facilities provided. The elected committee is well supported by the members with a total of six non directors and four directors.

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
8 August 2024

And signed on behalf of the board by:
Name: DAVID SPROTT
Status: Director