for the Period Ended 31 December 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 January 2023
to
31 December 2023
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
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( |
Administrative expenses: |
(
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(
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Operating profit(or loss): |
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( |
Profit(or loss) before tax: |
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( |
Profit(or loss) for the financial year: |
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( |
As at
Notes | 2023 | 2022 | |
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£ |
£ |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 3 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
( |
( |
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Total net assets (liabilities): |
( |
( |
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Members' funds | |||
Profit and loss account: |
( |
( |
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Total members' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 December 2023
2023 | 2022 | |
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Average number of employees during the period |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Accruals and deferred income |
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Other creditors |
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Total |
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The CIC has run community events for the village of Hathern in Leicestershire. Its purpose is to bring the community of the parish of Hathern together and to host and supply infrastructure and volunteers for events to run. Some events are ticketed to generate revenue for the CIC to pay for infrastructure and other services required such as toilets, fencing, stages and Fireworks. The primary events are Hathern’s big week which involves multiple events, Proms in the park, Praise in the park, It’s a knockout, The Hathern big quiz and many smaller events. There has historically been a second large scale event in Hathern runs in the summer, focused on local musicians ran in August but unfortunately this was not able to be held in 2023 and will not go ahead in 2024. The final event of the year is Hathern community bonfire and Fireworks run in November. Unfortunately due to a change in circumstances with regards to the field where the Fireworks have historically been held, there will be no Fireworks held in 2024, although we hope to find a new venue before November 2025. Therefore 2024 saw the sole event being the Big Week in June. The events not only provide a platform to bring the community together it is also a platform for other community groups from the village of Hathern to run stalls and generate their own additional revenue and engage with the community, All of the events are supported by the local community groups including Hathern community Library, Hathern Church, Hathern youth club, Hathern WI, Hathern history society and several other smaller not for profit groups. All of which gain directly from the event by running stalls not via a grant or donation. Material and stalls are provided at no cost to support the groups. The aim is to distribute any surplus profit once equipment is maintained, and a sensible cash reserve is held. This will be completed by grant application with the aim of supporting any local needs that meet the committee’s approval. (target cash reserve is £20k before we distribute surplus). In FY24 this reserve was not met so no monies were distributed due no summer event being held.
The stakeholders are the residents of the parish of Hathern, this includes all individuals and all not for profit groups operating in the parish. They are consulted via an AGM and several working groups that meet regularly to look at the event program and to discuss and agree any cash grants requests or requests to attend the events at no cost. We also regularly consult with the Parish Council around the events and how they fit in with the village community.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
16 September 2024
And signed on behalf of the board by:
Name: Jonathan Smith-Moorhouse
Status: Director