for the Period Ended 28 February 2024
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 28 February 2024
Directors
The directors shown below have held office during the whole of the period from
13 September 2022
to
28 February 2024
The director shown below has held office during the period of
13 September 2022
to
26 November 2023
Secretary
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
18 months to 28 February 2024 | ||
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£ |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 18 months to 28 February 2024 | ||
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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 3 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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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: |
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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 28 February 2024
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 28 February 2024
18 months to 28 February 2024 | ||
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Average number of employees during the period |
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for the Period Ended 28 February 2024
18 months to 28 February 2024 | ||
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£ | ||
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 28 February 2024
Name of director receiving advance or credit: |
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Description of the transaction: | |
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£ | |
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Balance at | |
Advances or credits made: |
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Advances or credits repaid: | |
Balance at 28 February 2024 |
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In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. Pen Y Bryn Outdoor Learning CIC was fortunate to receive a start-up grant from the Welsh Government of £12.5k, which was spent on branding, business stationary, and an e-commerce website. The grant also enabled Pen Y Bryn Outdoor Learning CIC to achieve two key licences needed to trade – the AALS licence and the Duke of Edinburgh Award Licence ensuring our compliance with industry standards. We were also able to purchase insurance for the first two years of trading. Our team has undergone required training, with Chris McClellan completing First Aid and Development Coach certifications, and Samuel Jordan also completing First Aid training. We have secured a storage unit and acquired cupboards and shelving at no cost, enhancing our organisational capabilities with regards to the equipment needed for activities. As required by the grant, we have developed an environmental policy with support from WRM and are working towards Net Zero. We have begun to build our stakeholder map, registering with DEWIS, DVSC, and Youth Cymru. One of our key projects, Denbighshire Walks for those aged 50+, was commissioned by Denbighshire Country Council and supported with a £5k grant. This initiative involved delivering a series of 10 walks throughout the county in Spring 2023. The project was fully funded, covering delivery, promotion, and review of the walks. In addition, we have launched the Bethesda Adventure Club, led by Emily Ashton-Hughes, who later joined the team as a Director. During the Easter holidays, we organised two days of activities, attracting 15 young people who participated in climbing and weaselling, even on a very wet day. We have also provided climbing coaching for Hampton School, as part of an ongoing annual programme.
In the first year, there was little consultation with stakeholders. Stakeholder mapping and consultation is a key action point for the next financial year.
Christopher McClellan received £8,495 in wages and expenses for delivering instruction on outdoor pursuits and consultancy in relation to the acquisition of licences needed to operate. He did not receive wages for duties relating to being a Director. The remaining directors received no remuneration.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
6 June 2024
And signed on behalf of the board by:
Name: Samuel Lee Jordan
Status: Director