COMMUNITIES INC. CIC

Company limited by guarantee

Company Registration Number:
07492776 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

COMMUNITIES INC. CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

COMMUNITIES INC. CIC

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

MICHAEL HENRY
SHAMSHER CHOHAN
PHILIP JOHN McCAULEY


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
8 October 2024

And signed on behalf of the board by:
Name: MICHAEL HENRY
Status: Director

COMMUNITIES INC. CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 296,276 218,214
Gross profit(or loss): 296,276 218,214
Administrative expenses: ( 288,521 ) ( 214,043 )
Operating profit(or loss): 7,755 4,171
Profit(or loss) before tax: 7,755 4,171
Profit(or loss) for the financial year: 7,755 4,171

COMMUNITIES INC. CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 71,146 69,127
Total current assets: 71,146 69,127
Creditors: amounts falling due within one year: 3 ( 1,193 ) ( 792 )
Net current assets (liabilities): 69,953 68,335
Total assets less current liabilities: 69,953 68,335
Creditors: amounts falling due after more than one year: 4 ( 39,056 ) ( 44,000 )
Total net assets (liabilities): 30,897 24,335
Members' funds
Profit and loss account: 30,897 24,335
Total members' funds: 30,897 24,335

The notes form part of these financial statements

COMMUNITIES INC. CIC

Balance sheet statements

For the year ending 31 January 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 8 October 2024
and signed on behalf of the board by:

Name: MICHAEL HENRY
Status: Director

The notes form part of these financial statements

COMMUNITIES INC. CIC

Notes to the Financial Statements

for the Period Ended 31 January 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

COMMUNITIES INC. CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 5

COMMUNITIES INC. CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 1,193 792
Total 1,193 792

COMMUNITIES INC. CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

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

2024 2023
£ £
Bank loans and overdrafts 39,056 44,000
Total 39,056 44,000

COMMUNITY INTEREST ANNUAL REPORT

COMMUNITIES INC. CIC

Company Number: 07492776 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Last year was by far on of the most important in terms of our work towards sustainability with a steady rise our turnover being generated through earned income. We secured funding to prepare us for social investment and used it to contract with a team of consultants to carry our the following tasks: Business Planning Development of a marketing plan Financial Modelling Review of our Intellectual Property and future recommendations There has however been some delay in applying for social and we hope to complete this by the end of 2024. The delays were due to capacity and the start of a new project the support the development of a BAME partnership in Nottingham. We have been one of the key players in a two community dialogues aimed at promoting community cohesion amongst individuals and organisations in what has been very difficualt times. The cause of the difficulties was. Nottingham City Council declaring themselves bankrupt (and Commisioners coming in to run the authority. Far right protests across the country and in Nottingham – threatening to divide communities In a nutshell, we continue to go from strength-to-strength and are optimistic about the social impact we will make in the forthcoming year For more details of our work during the last year please go to www.communitiesinc.org.uk

Consultation with stakeholders

As stated in previous CIC 34’s, we continue to be led by our stakeholders. Few of our many projects and programmes are delivered solely by us and most of them involve us working in partnership with a least one partner. Our largest project ‘Rebuilding Stronger Communities 2’ has just been refunded by the National Lottery and will see us working with over 2000 people over a three year period. This project helps to keep us grounded as it is demand-led and designed to deal with emerging challenges

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
8 October 2024

And signed on behalf of the board by:
Name: Michael Henry
Status: Director