UPCYCLE KERNOW CIC

Company limited by guarantee

Company Registration Number:
11386858 (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

UPCYCLE KERNOW CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

UPCYCLE KERNOW CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,093 2,811
Total fixed assets: 3,093 2,811
Current assets
Stocks: 4 813 150
Cash at bank and in hand: 492 2,886
Total current assets: 1,305 3,036
Creditors: amounts falling due within one year: 5 ( 415 ) ( 403 )
Net current assets (liabilities): 890 2,633
Total assets less current liabilities: 3,983 5,444
Total net assets (liabilities): 3,983 5,444
Members' funds
Profit and loss account: 3,983 5,444
Total members' funds: 3,983 5,444

The notes form part of these financial statements

UPCYCLE KERNOW 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 18 September 2024
and signed on behalf of the board by:

Name: Dawn Thompson
Status: Director

The notes form part of these financial statements

UPCYCLE KERNOW 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciation 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: Plant & machinery 3 year straight line. Motor vehicles 4 year straight line

UPCYCLE KERNOW CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

UPCYCLE KERNOW 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 335 5,400 5,735
Additions 1,602 900 2,502
Disposals
Revaluations
Transfers
At 30 November 2023 1,937 6,300 8,237
Depreciation
At 1 December 2022 224 2,700 2,924
Charge for year 645 1,575 2,220
On disposals
Other adjustments
At 30 November 2023 869 4,275 5,144
Net book value
At 30 November 2023 1,068 2,025 3,093
At 30 November 2022 111 2,700 2,811

UPCYCLE KERNOW CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Stocks

2023 2022
£ £
Stocks 813 150
Total 813 150

UPCYCLE KERNOW 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 415 403
Total 415 403

COMMUNITY INTEREST ANNUAL REPORT

UPCYCLE KERNOW CIC

Company Number: 11386858 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

We completed the last 4 months of the TeXInnovation Partnership with thanks to National Lottery Climate Action Funding, to bring community textiles workshops to a variety of different communities. Successful monthly repair cafe has benefitted the community by bringing like minded people together to fix domestic items saving them from landfill, and also saving the community money and resources. Community members have benefitted from these sessions as they have gained skills, saved money, as well as having their items fixed. The environment has also benefitted from these items not being thrown away, and not being re-made. Community Clothes swap parties have brought like minded people together to redistribute unworn clothing, amongst the community – saving them money as well as saving the items from landfill or recycling. Successful grant funding from Community Capacity Fund have enabled a study to assess the feasibility of refurbishing the building into an eco venue. This led to further successful application to The Good Growth – Rural Fund, and e design team has been appointed to continue this programme into the next trading year. The soft launch of our Community Tool Library has engaged with a variety of communities, which will be developed into the next year. We have continued with our recycling schemes and refill station to ensure a steady income stream These projects allow like minded people to come together to share skills, support each other, save money as well as the positive impact on the environment and climate change

Consultation with stakeholders

Stakeholders included businesses that use our services, the volunteers who run the projects and schemes, and the participants who use the services and attend workshops. Consultations during the Feasibility study have played a major role in the development of the building redesign. Receiving regular feedback from the workshops and events has given us opportunities to act on the results , helping us to improve services

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
18 September 2024

And signed on behalf of the board by:
Name: Dawn Thompson
Status: Director