RE:STORE AXE VALLEY CIC

Company limited by guarantee

Company Registration Number:
12693267 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

RE:STORE AXE VALLEY CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

RE:STORE AXE VALLEY CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The Principal Activity of the company is support of local communities.



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Mr A G Davies
Mrs C J Dean-Tribble
Rev B R Tucker
Mr P Johns


The directors shown below have held office during the period of
28 February 2024 to 30 June 2024

Mr B A Stansfield
Mrs L M Tucker
Mrs L M Sweetland


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: Mr A G Davies
Status: Director

RE:STORE AXE VALLEY CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 54,512 28,526
Gross profit(or loss): 54,512 28,526
Administrative expenses: ( 46,510 ) ( 34,899 )
Other operating income: 170
Operating profit(or loss): 8,172 (6,373)
Profit(or loss) before tax: 8,172 (6,373)
Profit(or loss) for the financial year: 8,172 (6,373)

RE:STORE AXE VALLEY CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,156 1,541
Total fixed assets: 1,156 1,541
Current assets
Debtors: 4 68 5,677
Cash at bank and in hand: 36,914 20,196
Total current assets: 36,982 25,873
Creditors: amounts falling due within one year: 5 ( 4,677 ) ( 2,125 )
Net current assets (liabilities): 32,305 23,748
Total assets less current liabilities: 33,461 25,289
Total net assets (liabilities): 33,461 25,289
Members' funds
Profit and loss account: 33,461 25,289
Total members' funds: 33,461 25,289

The notes form part of these financial statements

RE:STORE AXE VALLEY CIC

Balance sheet statements

For the year ending 30 June 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: Mr A G Davies
Status: Director

The notes form part of these financial statements

RE:STORE AXE VALLEY CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

RE:STORE AXE VALLEY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

RE:STORE AXE VALLEY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 2,485 2,485
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 2,485 2,485
Depreciation
At 1 July 2023 944 944
Charge for year 385 385
On disposals
Other adjustments
At 30 June 2024 1,329 1,329
Net book value
At 30 June 2024 1,156 1,156
At 30 June 2023 1,541 1,541

RE:STORE AXE VALLEY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Other debtors 68 5,677
Total 68 5,677

RE:STORE AXE VALLEY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,549 0
Taxation and social security 2,227 1,585
Other creditors 901 540
Total 4,677 2,125

COMMUNITY INTEREST ANNUAL REPORT

RE:STORE AXE VALLEY CIC

Company Number: 12693267 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

One of the aims of RESTORE is to look after the vulnerable and less fortunate and to bring a sense of happiness and belonging to the wider community. The following illustrates the activities that have benefited the community during this financial year Hosting groups within the cafe hub space such as an autistic support group for parents journeying with children with autism and also an adult neuro diverse support group. Young people’s mental health support group, meeting on a fortnightly basis on a Tuesday evening and support through activities and peer to peer conversation. Hosting Citizens Advice on a Wednesday afternoon, helping local people to access help, free drinks provided by the cafe staff to those dropping in. Running a befriending scheme supporting 25 people each week who are lonely and isolated living in the community. Working with Devon Carers to provide a sitting service for carers and giving them respite from caring, enabling them to get out of the house for a few hours during the week. Reading sessions with the local primary school and care home residents, bridging the gap between young and old and bringing together skills of the older generation and the energy and joy of younger people. Family check in service, which works with families who are struggling to access help they need to navigate the challenges of everyday life, this can be anything from financial to social issues. Christmas meal for those unable to provide a meal for themselves or who would otherwise be alone, helping to provide volunteers, support and advertising through our networks. Voluntary sector representatives for Seaton and the surrounding area; working with the statutory sector and providing voluntary help, practical help and material goods to the community. Coordinating local volunteers to provide assistance, connectivity and aid to those who were most vulnerable in the community. Helping vulnerable members of the community, assessing their needs and how we can help or point them in the right direction and assisting with essential necessities such as, homelessness, cooking facilities and domestic help. Liaising with the local foodbank and referring those in need to their service. Helping to connect the community by funding, informing, promoting and working together with local organisations, projects and social groups.

Consultation with stakeholders

The CIC stakeholders are residents in the local community. The directors of the CIC have lived in the local community for several years and RESTORE Axe Valley CIC was set up to continue what had been established by the Seaton Coronavirus Community Group, which emerged during the COVID19 pandemic, building on the fantastic help provided by volunteers, along with the strong sense of community that emerged. We communicate with our volunteers and local organisations, as part of the care network, to ensure we can help where and when possible, all those in the local vicinity who are in need of assistance. We have continued to assist and support the local community building on the numbers since becoming established. Through discussions via the VSR care network and other local organisations such as Seaton Town Council, Seaton Chamber, Tripp, Save Food Hub, Seaton Food Bank, local churches and others in the community, ReStore Axe Valley CIC is constantly looking at ways it can help the local community and be part of local initiatives that benefit the Axe Valley.

Directors' remuneration

Annual salary paid to one of the directors was included in the annual accounts under "Directors' remuneration, social securities and pension" headings. There are no other transactions or arrangements in connection with the remuneration of directors, or compensation for directors' loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
9 October 2024

And signed on behalf of the board by:
Name: Mr Andrew Davies
Status: Director