KINDER HANDL COMMUNITY ENTERPRISE CIC

Company limited by guarantee

Company Registration Number:
SC583026 (Scotland)

Unaudited statutory accounts for the year ended 30 December 2023

Period of accounts

Start date: 31 December 2022

End date: 30 December 2023

KINDER HANDL COMMUNITY ENTERPRISE CIC

Contents of the Financial Statements

for the Period Ended 30 December 2023

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

KINDER HANDL COMMUNITY ENTERPRISE CIC

Directors' report period ended 30 December 2023

The directors present their report with the financial statements of the company for the period ended 30 December 2023

Principal activities of the company

sale of second hand good in stores



Directors

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

Marni Oakley
Jonathan Banks


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
26 September 2024

And signed on behalf of the board by:
Name: Marni Oakley
Status: Director

KINDER HANDL COMMUNITY ENTERPRISE CIC

Profit And Loss Account

for the Period Ended 30 December 2023

2023 2022


£

£
Turnover: 424,019 356,868
Cost of sales: ( 5,302 ) ( 1,503 )
Gross profit(or loss): 418,717 355,365
Distribution costs: 0 0
Administrative expenses: ( 444,139 ) ( 353,170 )
Other operating income: 3,591 0
Operating profit(or loss): (21,831) 2,195
Interest receivable and similar income: 11 15
Interest payable and similar charges: ( 1,294 ) ( 1,184 )
Profit(or loss) before tax: (23,114) 1,026
Tax: 0 ( 1,907 )
Profit(or loss) for the financial year: (23,114) (881)

KINDER HANDL COMMUNITY ENTERPRISE CIC

Balance sheet

As at 30 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 24,233 38,562
Investments:   0 0
Total fixed assets: 24,233 38,562
Current assets
Stocks:   0 0
Debtors: 4 10,512 14,070
Cash at bank and in hand: 23,919 42,201
Investments:   0 0
Total current assets: 34,431 56,271
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 44,742 ) ( 45,462 )
Net current assets (liabilities): (10,311) 10,809
Total assets less current liabilities: 13,922 49,371
Creditors: amounts falling due after more than one year: 6 ( 13,166 ) ( 25,501 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 756 23,870
Members' funds
Profit and loss account: 756 23,870
Total members' funds: 756 23,870

The notes form part of these financial statements

KINDER HANDL COMMUNITY ENTERPRISE CIC

Balance sheet statements

For the year ending 30 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 26 September 2024
and signed on behalf of the board by:

Name: Marni Oakley
Status: Director

The notes form part of these financial statements

KINDER HANDL COMMUNITY ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: MV 25%SL & F&F 15%RB

    Other accounting policies

    2.4. Leasing and Hire Purchase Contracts Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income and expenditure account as incurred. 2.5. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

KINDER HANDL COMMUNITY ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 15 12

KINDER HANDL COMMUNITY ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 December 2022 0 59,625 59,625
Additions 650 650
Disposals
Revaluations
Transfers
At 30 December 2023 650 59,625 60,275
Depreciation
At 31 December 2022 0 21,063 21,063
Charge for year 73 14,906 14,979
On disposals
Other adjustments
At 30 December 2023 73 35,969 36,042
Net book value
At 30 December 2023 577 23,656 24,233
At 30 December 2022 0 38,562 38,562

KINDER HANDL COMMUNITY ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 December 2023

4. Debtors

2023 2022
£ £
Other debtors 10,512 14,070
Total 10,512 14,070

KINDER HANDL COMMUNITY ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 3,091 3,000
Amounts due under finance leases and hire purchase contracts 9,410 9,410
Trade creditors 0 57
Taxation and social security 2,604 3,297
Accruals and deferred income 29,637 29,580
Other creditors 0 118
Total 44,742 45,462

KINDER HANDL COMMUNITY ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 30 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 4,395 7,320
Amounts due under finance leases and hire purchase contracts 8,771 18,181
Total 13,166 25,501

COMMUNITY INTEREST ANNUAL REPORT

KINDER HANDL COMMUNITY ENTERPRISE CIC

Company Number: SC583026 (Scotland)

Year Ending: 30 December 2023

Company activities and impact

Kinder Handl Community Enterprise CIC has continued with another year of wonderful social achievements. It has enriched the lives of others with whole community inclusion offering engaging activities or quiet family time. Between the three hubs, we have enjoyed how diverse and special our local communities are, and as such work with them to provide what is essential and appealing. These facilities are offered on a free basis to enable anyone who may feel isolated or lonely to be part of their local community. Our ability to provide services and employment is granted through the ongoing donations provided by community members. The donations are recycled and if not used donated onwards to other organisations including the British Heart Foundation, Woman’s Aid, Scottish Refugee Council and Money Matters. Schools, volunteering groups, healthcare professionals and social work benefit. This enables a reduction in landfill and the opportunity to buy low cost yet high-quality second-hand goods. Whole community inclusion is the key to our continuation. Through all ages we enjoy the company of babies and young children at our children’s stores as they learn through free play, all the way up to our more senior friends who participate in general socialising, free refreshments, and quiet reading at the adult’s/homeware store. We benefit from talented and inquisitive individuals enjoying our community piano which has been hugely appreciated and anyone who feels like playing can sit and enjoy. Individuals with ASC, ADHD, frequently use this resource which helps calm and lesson anxiety. There are several areas within the children’s shop for educational purposes. A reading area, playroom, and creativity space. We can now proudly say that our sensory room (funded by the National Lottery) has held classes and private relaxation therapy for additional needs children and is open for use to anyone who may benefit from a sensory environment. We engage with families to support and encourage the benefits of play and recycling. This is a free resource offered 6 days a week, which in turn enables families and carers many opportunities to join in. The facility also provides free school uniform and nappies throughout the year and if a family is in need, we can provide the essentials without question. We often provide free resources to educational establishments to encourage a partnership in learning. Our accomplishment can be seen on our website www.kinderhandl.com We take immense pride in engaging with Glasgow Social Work, Families First, health visitors, charities, Turning Point Scotland, Money Matters, community groups and schools/nurseries. They can (in partnership with us), offer confidential advice and close contact with the needs of struggling families and provide free resources such as toys, clothing, and furniture. The sale of donations awards the opportunity of employing staff who live with mental health struggles and physical disabilities. We offer every opportunity to mentor and provide the living wage salaries to those who may find it hard to work within an alternative workplace. Individuals often thrive in a warm inclusive community space. Training and ongoing support is offered, and any additional needs are accommodated to allow these individuals equality and a chance to earn dignity and respect. It gives them a sense of purpose and drive, often excelling in their own expectations. We are now working in partnership with the Glasgow Guarantee scheme which enables us to employ a full-time member of our team for a minimum for 2 years, part funded. The expectation is to develop the skillset of this young individual and continue their employment with us for the foreseeable future. We have been able to accommodate many school children with their Duke of Edinburgh awards and offer many volunteering positions to Glasgow Clyde college students. We continue to take part in upholstery projects, drama workshops and mentoring additional need students. The individual normally fulfils their roles in many ways with a vast range of duties on offer. This increases their confidence and desirability for work in the future. Again, we continue to help with providing donations to local care homes to address loneliness and provide resources that would improve the residents’ environment. Kinder Handl Community Enterprise CIC engages in many social areas across three community spaces, and we feel that we satisfy the criteria of being a Community Interest Company.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Full details of the Directors’ renumeration are set out in our annual accounts

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 September 2024

And signed on behalf of the board by:
Name: Marni Oakley
Status: Director