HATHERN EVENTS CIC

Company limited by guarantee

Company Registration Number:
11354430 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

HATHERN EVENTS CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

HATHERN EVENTS CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Principal activity of the company during the financial year continued to be that of events management.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Benjamin Hardy
Jonathan Smith-Moorhouse
Sharon Thorold


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
16 September 2024

And signed on behalf of the board by:
Name: Jonathan Smith-Moorhouse
Status: Director

HATHERN EVENTS CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 38,716 97,299
Cost of sales: ( 32,934 ) ( 116,112 )
Gross profit(or loss): 5,782 (18,813)
Administrative expenses: ( 1,411 ) ( 2,888 )
Operating profit(or loss): 4,371 (21,701)
Profit(or loss) before tax: 4,371 (21,701)
Profit(or loss) for the financial year: 4,371 (21,701)

HATHERN EVENTS CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 6,132 2,019
Total current assets: 6,132 2,019
Creditors: amounts falling due within one year: 3 ( 23,462 ) ( 23,720 )
Net current assets (liabilities): (17,330) (21,701)
Total assets less current liabilities: (17,330) ( 21,701)
Total net assets (liabilities): (17,330) (21,701)
Members' funds
Profit and loss account: (17,330) ( 21,701)
Total members' funds: ( 17,330) (21,701)

The notes form part of these financial statements

HATHERN EVENTS CIC

Balance sheet statements

For the year ending 31 December 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 16 September 2024
and signed on behalf of the board by:

Name: Jonathan Smith-Moorhouse
Status: Director

The notes form part of these financial statements

HATHERN EVENTS CIC

Notes to the Financial Statements

for the Period Ended 31 December 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 comprises the invoiced value of goods and services supplied by the company.

HATHERN EVENTS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

HATHERN EVENTS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 462 720
Other creditors 23,000 23,000
Total 23,462 23,720

COMMUNITY INTEREST ANNUAL REPORT

HATHERN EVENTS CIC

Company Number: 11354430 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

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.

Consultation with stakeholders

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.

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
16 September 2024

And signed on behalf of the board by:
Name: Jonathan Smith-Moorhouse
Status: Director