YOUNG MINING PROFESSIONALS CIC

Company limited by guarantee

Company Registration Number:
10839799 (England and Wales)

Unaudited statutory accounts for the year ended 29 September 2023

Period of accounts

Start date: 30 September 2022

End date: 29 September 2023

YOUNG MINING PROFESSIONALS CIC

Contents of the Financial Statements

for the Period Ended 29 September 2023

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

YOUNG MINING PROFESSIONALS CIC

Directors' report period ended 29 September 2023

The directors present their report with the financial statements of the company for the period ended 29 September 2023

Directors

The directors shown below have held office during the whole of the period from
30 September 2022 to 29 September 2023

Catriona Bell
Lucy Saunders
Bianca Depres


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
25 September 2024

And signed on behalf of the board by:
Name: Catriona Bell
Status: Director

YOUNG MINING PROFESSIONALS CIC

Profit And Loss Account

for the Period Ended 29 September 2023

2023 2022


£

£
Turnover: 0 544
Cost of sales: ( 2,809 ) ( 3,040 )
Gross profit(or loss): (2,809) (2,496)
Administrative expenses: ( 2,534 ) ( 2,478 )
Operating profit(or loss): (5,343) (4,974)
Profit(or loss) before tax: (5,343) (4,974)
Profit(or loss) for the financial year: (5,343) (4,974)

YOUNG MINING PROFESSIONALS CIC

Balance sheet

As at 29 September 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 878 20,329
Total current assets: 878 20,329
Creditors: amounts falling due within one year: 3 ( 8,713 ) ( 22,821 )
Net current assets (liabilities): (7,835) (2,492)
Total assets less current liabilities: (7,835) ( 2,492)
Total net assets (liabilities): (7,835) (2,492)
Members' funds
Profit and loss account: (7,835) ( 2,492)
Total members' funds: ( 7,835) (2,492)

The notes form part of these financial statements

YOUNG MINING PROFESSIONALS CIC

Balance sheet statements

For the year ending 29 September 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 25 September 2024
and signed on behalf of the board by:

Name: Catriona Bell
Status: Director

The notes form part of these financial statements

YOUNG MINING PROFESSIONALS CIC

Notes to the Financial Statements

for the Period Ended 29 September 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

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably

YOUNG MINING PROFESSIONALS CIC

Notes to the Financial Statements

for the Period Ended 29 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

YOUNG MINING PROFESSIONALS CIC

Notes to the Financial Statements

for the Period Ended 29 September 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 978 0
Accruals and deferred income 810 996
Other creditors 6,925 21,825
Total 8,713 22,821

COMMUNITY INTEREST ANNUAL REPORT

YOUNG MINING PROFESSIONALS CIC

Company Number: 10839799 (England and Wales)

Year Ending: 29 September 2023

Company activities and impact

YMP held several different events to benefit the young mining professionals community in the UK and globally including hosting several webinars with influential and senior leaders in the mining industry, panel discussions on topics relevant for mining’s future and informal networking opportunities during the year.

Consultation with stakeholders

Stakeholders include: Directors Sponsors Mining community Directors were consulted at the beginning of the financial year about the strategy and plan for YMP CIC’s activities for the year ahead Sponsors were updated with a progress report and use of funds Mining community were broadly and informally engaged on providing feedback to improve YMP CIC’s offering

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
25 September 2024

And signed on behalf of the board by:
Name: Catriona Bell
Status: Director