for the Period Ended 31 December 2023
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2023 | 2022 | |
---|---|---|
|
£ |
£ |
Turnover: |
|
|
Cost of sales: |
(
|
|
Gross profit(or loss): |
|
|
Distribution costs: |
(
|
(
|
Administrative expenses: |
(
|
(
|
Operating profit(or loss): |
( |
( |
Interest payable and similar charges: |
(
|
(
|
Profit(or loss) before tax: |
( |
( |
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
|
£ |
£ |
|
Fixed assets | |||
Tangible assets: | 3 |
|
|
Total fixed assets: |
|
|
|
Current assets | |||
Debtors: | 4 |
|
|
Cash at bank and in hand: |
|
|
|
Total current assets: |
|
|
|
Creditors: amounts falling due within one year: | 5 |
(
|
(
|
Net current assets (liabilities): |
|
|
|
Total assets less current liabilities: |
|
|
|
Creditors: amounts falling due after more than one year: | 6 |
(
|
(
|
Total net assets (liabilities): |
( |
( |
|
Capital and reserves | |||
Called up share capital: |
|
|
|
Profit and loss account: |
( |
( |
|
Total Shareholders' 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
for the Period Ended 31 December 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period |
|
|
for the Period Ended 31 December 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2023 |
|
|
|
|||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2023 |
|
|
|
|||
Depreciation | ||||||
At 1 January 2023 |
|
|
|
|||
Charge for year |
|
|
|
|||
On disposals | ||||||
Other adjustments | ||||||
At 31 December 2023 |
|
|
|
|||
Net book value | ||||||
At 31 December 2023 |
|
|
|
|||
At 31 December 2022 |
|
|
|
for the Period Ended 31 December 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade debtors |
|
|
Other debtors |
|
|
Total |
|
|
for the Period Ended 31 December 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts |
|
|
Total |
|
|
for the Period Ended 31 December 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts |
|
|
Total |
|
|
The space now has a calendar for events and regular activities (e.g. film night, textile club, open mic, experimental music night, and more) and an excellent user base and reviews. Since last July, the community has been invited to co-curate the program with the director. This is particularly interesting because: - This gives a snapshot of the local demographics and their preferences and needs - Enhances communication between all stakeholders - Greatly enriches the programme of activities - Boosts promotion - Attracts people willing to volunteer and contribute in a number of ways (For example we have recently launched the fortnightly Home Energy Hub led by a local engineer who explains and discusses how to understand energy, reduce bills, insulation and draught proofing and more. Saturdays are mainly reserved to birthday parties and other functions, with excellent reviews. We are currently running a Soup Kitchen that will take place every Sunday, serving free soup and more for two hours around lunchtime. We're also setting up a Free Shop in the entrance space where people can take what they need free of charge and drop what they don't. As already mentioned we have regular film nights and meditation class always by donations.. Poverty and isolation are the main issues that we are faced with on a daily basis. We are thrilled to see that our original idea to engage with a cross section of the community as wide as possible also in terms of age, background and personal inclinations, and to encourage communication and mutual support beyond any categories is gradually happening with extremely exciting results.
The company's main stakeholder is the community of Cliftonville, and especially of the Northdown Road area. Participation has been growing over time and as we promote activities, expand the programme, and even as we are simply there for local people as a safe, affordable and welcoming space for all. The cafe and bistro (managed by a separate company) is a real magnet attracting the public as it offers a high-quality menu at the lowest prices in town, with excellent reviews. The two entities (social space + cafe) work together in excellent balance. We regularly invite the local Ward's Councillors to meet their constituents in an informal environment. We believe that inviting dialogue with our local politicians and creating opportunities for everybody to see how the Council is itself a part of the community is key to development and harmony. Last February we have formed an Advisory Committee of local residents giving feedback on the progress of the company, primarily in terms of community impact, with advice on how to enhance it further. We have appointed one new Non-Executive Director, and are currently in the process of appointing a second one. Since the two original directors are related (married couple), this creates more balance in the management and gives the company access to more funding opportunities.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 September 2024
And signed on behalf of the board by:
Name: Dario Colombo
Status: Director