KINGSMERE COMMUNITY CENTRE C.I.C.

Company limited by guarantee

Company Registration Number:
11600434 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

KINGSMERE COMMUNITY CENTRE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

KINGSMERE COMMUNITY CENTRE C.I.C.

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal activities of the company

The company looks after and rents out the space in the local community centre. The main hall, rooms and kitchen for parties, events and clubs. The small side for Nursery, polling stations and out of terms events.



Directors

The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023

Mark Leech
Victoria Hodgins
Elena Gordon
Nicola Oakley


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
31 July 2024

And signed on behalf of the board by:
Name: Mark Leech
Status: Director

KINGSMERE COMMUNITY CENTRE C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 84,165 87,517
Cost of sales: ( 11,575 ) ( 6,425 )
Gross profit(or loss): 72,590 81,092
Distribution costs: 0 0
Administrative expenses: ( 39,349 ) ( 44,485 )
Other operating income: 0 0
Operating profit(or loss): 33,241 36,607
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 33,241 36,607
Tax: ( 5,282 ) ( 2,795 )
Profit(or loss) for the financial year: 27,959 33,812

KINGSMERE COMMUNITY CENTRE C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 5,031 5,147
Investments:   0 0
Total fixed assets: 5,031 5,147
Current assets
Stocks:   0 0
Debtors: 4 3,345 16,668
Cash at bank and in hand: 70,752 21,114
Investments:   0 0
Total current assets: 74,097 37,782
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 5,282 ) ( 2,795 )
Net current assets (liabilities): 68,815 34,987
Total assets less current liabilities: 73,846 40,134
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 73,846 40,134
Members' funds
Profit and loss account: 73,846 40,134
Total members' funds: 73,846 40,134

The notes form part of these financial statements

KINGSMERE COMMUNITY CENTRE C.I.C.

Balance sheet statements

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

Name: Mark Leech
Status: Director

The notes form part of these financial statements

KINGSMERE COMMUNITY CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 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

KINGSMERE COMMUNITY CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

KINGSMERE COMMUNITY CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 4,718 1,714 6,432
Additions 1,376 0 1,376
Disposals
Revaluations
Transfers
At 31 October 2023 6,094 1,714 7,808
Depreciation
At 1 November 2022 943 342 1,285
Charge for year 1,218 274 1,492
On disposals
Other adjustments
At 31 October 2023 2,161 616 2,777
Net book value
At 31 October 2023 3,933 1,098 5,031
At 31 October 2022 3,775 1,372 5,147

KINGSMERE COMMUNITY CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 3,345 16,668
Total 3,345 16,668

KINGSMERE COMMUNITY CENTRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 5,282 2,795
Total 5,282 2,795

COMMUNITY INTEREST ANNUAL REPORT

KINGSMERE COMMUNITY CENTRE C.I.C.

Company Number: 11600434 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The company runs the community centre on the local estate, with a particular emphasis on local business activities that can be run for the community. The centre opened for business in 2018 and has been growing steadily with more classes and activities being added each month. The centre was affected during the previous trading year due to COVID-19 causing closure. However, the centre remained viable after the initial lockdown and services were still offered to those groups who were eligible. During the financial year 2022-2023, the centre’s activities have benefited the community in the following ways: The centre has continued to offer classes, activities and groups the space to reach out to the community. The centre has provided work for local business’s such as cleaning and catering for parties and events. The seating area has given the local residents who are less able to travel an area to meet and socialise in comfort.

Consultation with stakeholders

The CICs stakeholders are the residents in the estate, who are updated via regular notifications on the Facebook page that was created. Guidelines on the centre use was implemented and upheld so that users were expected to leave it as it was found so others could use it afterwards.

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
31 August 2024

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