3RDTHOUGHT CIC

Company Registration Number:
10883204 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

3RDTHOUGHT CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

3RDTHOUGHT CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 11,061 10,343
Cost of sales: ( 888 ) ( 6,577 )
Gross profit(or loss): 10,173 3,766
Administrative expenses: ( 9,291 ) ( 8,630 )
Operating profit(or loss): 882 (4,864)
Profit(or loss) before tax: 882 (4,864)
Profit(or loss) for the financial year: 882 (4,864)

3RDTHOUGHT CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Called up share capital not paid: 1 1
Current assets
Cash at bank and in hand: 2,105 1,105
Total current assets: 2,105 1,105
Creditors: amounts falling due within one year: 3 ( 6,959 ) ( 6,840 )
Net current assets (liabilities): (4,854) (5,735)
Total assets less current liabilities: (4,853) ( 5,734)
Total net assets (liabilities): (4,853) (5,734)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (4,854 ) (5,735 )
Total Shareholders' funds: ( 4,853 ) (5,734)

The notes form part of these financial statements

3RDTHOUGHT CIC

Balance sheet statements

For the year ending 31 July 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 20 September 2024
and signed on behalf of the board by:

Name: Maxine Webster
Status: Director

The notes form part of these financial statements

3RDTHOUGHT CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 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

3RDTHOUGHT CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

3RDTHOUGHT CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 479 360
Other creditors 6,480 6,480
Total 6,959 6,840

COMMUNITY INTEREST ANNUAL REPORT

3RDTHOUGHT CIC

Company Number: 10883204 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

A . Community Art Garden: The gardens created in 2021 continue to thrive and are be used by increasing numbers of the local community who are now moving into in the newly built flats. The open spaces with seating and tables provide a much needed social gathering point. In 2023 there were two meetings to discuss how to revive the English Heritage Trainee Gardeners scheme . The scheme aimed to provide work experience in small inner city heritage gardens. 3rdthought CIC had secured partners - larger organisations with capacity to provide support to the trainees. But sadly English Heritage cut the scheme and it has not been possible to find an alternative yet. We are still committed to find a replacement partner for the next period. B. On The Surface 23-24: initiative started in 2022 continues to develop. The team of conservation architects, Professors, students, and voluntary organisations who came together to develop intergenerational workshops and study bursaries in memory of the two young conservation architects who died in the Grenfell Tower the project undertook the following projects: i) A matching ‘twin’ location has been found. It is Armstrongs Banquetting Hall in Newcastle. The two projects aim to gain experience, share skills and gain traction for their own initiatives by working collaboratively together when resources permit. ii) Exchange visits. Two month long Exchange visits have been undertaken by six Italian and UK undergraduate students visiting locations in Czech Republic (Teplice ) UK (Glasgow, Newcastle & London) and italy ( Venice) meeting local community groups, working alongside craftsmen with specialist conservation skills to restore heritage sites currently closed to the public. The aim is for further collaboration between students in 2025 resulting in a small traveling exhibition of their observations. iii) Schools initiative. During weekly workshops over the Autumn term children in years 4,5 & 6 worked with a team of six artists including : musicians, sound designers, shadow puppetry experts and artists to create a performance project for the entire school entitled “Mr Faraday meets the Genie’ . The pupils researched Michael Faraday and his experiments with Trinity House electricity which lead to the development of lighthouses. The performance will be repeated in 2025 when the worlds last remaining steamship - SS Robin relocates to Trinity Buoy Wharf and opens to the public. vi Symposium funding secured. During this period we have secured funding for a University Symposium which will enable us to disseminate our work so far with and develop the partnerships needed to move forwards. The symposium will be free and participants can attend ‘in presence’ and online . We aim to include and increase the previous attendees - for example students, academics, sociologists, community groups, local authorities, historians, engineers, Press and media.

Consultation with stakeholders

Consultation has been made through a variety of initiatives including: One Public presentations, exchange visits and management committee meetings which were held via zoom and in person at the beginning, middle, end of each project. Feedback forms were issued, an ‘Independent External Observer’ was recruited from Hungary ( a retired Cultural Heritage government officer) to be an independent , impartial point of contact for participants & to give a final report back to the management committees at the end of each project. Project participants elected one representative to join the management committee of each project. There were a minimum of three management committee meetings held at the beginning, middle end of each project. The outcomes of these meetings and reports are augmented into the development of the next phase of each project.

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
20 September 2024

And signed on behalf of the board by:
Name: Maxine Webster
Status: Director