ORMSKIRK CIVIC HALL CIC

Company limited by guarantee

Company Registration Number:
10008657 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

ORMSKIRK CIVIC HALL CIC

Contents of the Financial Statements

for the Period Ended 29 February 2024

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

ORMSKIRK CIVIC HALL CIC

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 29 February 2024

RUTH ELIZABETH WAINWRIGHT


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: RUTH ELIZABETH WAINWRIGHT
Status: Director

ORMSKIRK CIVIC HALL CIC

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 52,018 31,597
Cost of sales: ( 23,466 ) ( 17,231 )
Gross profit(or loss): 28,552 14,366
Administrative expenses: ( 60,722 ) ( 53,637 )
Other operating income: 27,042 36,639
Operating profit(or loss): (5,128) (2,632)
Profit(or loss) before tax: (5,128) (2,632)
Profit(or loss) for the financial year: (5,128) (2,632)

ORMSKIRK CIVIC HALL CIC

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 5,211 6,648
Total fixed assets: 5,211 6,648
Current assets
Debtors: 4 63 5
Cash at bank and in hand: 11,130 18,512
Total current assets: 11,193 18,517
Creditors: amounts falling due within one year: 5 ( 6,503 ) ( 10,136 )
Net current assets (liabilities): 4,690 8,381
Total assets less current liabilities: 9,901 15,029
Total net assets (liabilities): 9,901 15,029
Members' funds
Profit and loss account: 9,901 15,029
Total members' funds: 9,901 15,029

The notes form part of these financial statements

ORMSKIRK CIVIC HALL CIC

Balance sheet statements

For the year ending 29 February 2024 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: RUTH ELIZABETH WAINWRIGHT
Status: Director

The notes form part of these financial statements

ORMSKIRK CIVIC HALL CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 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. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    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 Plant and Machinery 15% straight line method Fixtures and Fittings 20% reducing balance Computer Equipment 20% reducing balance

ORMSKIRK CIVIC HALL CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

ORMSKIRK CIVIC HALL CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 3,789 6,720 1,298 11,807
Additions
Disposals
Revaluations
Transfers
At 29 February 2024 3,789 6,720 1,298 11,807
Depreciation
At 1 March 2023 2,273 2,419 467 5,159
Charge for year 303 860 274 1,437
On disposals
Other adjustments
At 29 February 2024 2,576 3,279 741 6,596
Net book value
At 29 February 2024 1,213 3,441 557 5,211
At 28 February 2023 1,516 4,301 831 6,648

ORMSKIRK CIVIC HALL CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Debtors

2024 2023
£ £
Other debtors 63 5
Total 63 5

ORMSKIRK CIVIC HALL CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 360 83
Accruals and deferred income 1,110 8,610
Other creditors 5,033 1,443
Total 6,503 10,136

COMMUNITY INTEREST ANNUAL REPORT

ORMSKIRK CIVIC HALL CIC

Company Number: 10008657 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

During the 2023-24 financial period, we have been focusing on further improvements to the modernisation and energy efficiency of the building and are now looking into funding options for an improved heating system.

Consultation with stakeholders

The stakeholders are made up of various bodies including a Board of Advisors, volunteers, customers and the wider community. In addition to our “Open Door Policy”, which encourages our stakeholders to come in and discuss ideas with us, we have encouraged community engagement and feedback on our work as well as suggestions for the future. The most pressing issue for our stakeholders now is to carry out the pointing on the brick work to the rear of the building which will help to repair some problems with damp we have been facing.

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
1 September 2024

And signed on behalf of the board by:
Name: RUTH ELIZABETH WAINWRIGHT
Status: Director