DEVONPORT LIVE CIC

Company limited by guarantee

Company Registration Number:
10801424 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

DEVONPORT LIVE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

DEVONPORT LIVE CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 81,371 66,323
Cost of sales: ( 119,743 ) ( 110,810 )
Gross profit(or loss): (38,372) (44,487)
Administrative expenses: ( 12,016 ) ( 15,707 )
Operating profit(or loss): (50,388) (60,194)
Interest receivable and similar income: 51,950 61,000
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 1,562 806
Profit(or loss) for the financial year: 1,562 806

DEVONPORT LIVE CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Stocks: 3 760 750
Debtors: 4 3,824 1,316
Cash at bank and in hand: 5,334 4,016
Total current assets: 9,918 6,082
Creditors: amounts falling due within one year: 5 ( 12,706 ) ( 10,432 )
Net current assets (liabilities): (2,788) (4,350)
Total assets less current liabilities: (2,788) ( 4,350)
Total net assets (liabilities): (2,788) (4,350)
Members' funds
Profit and loss account: (2,788) ( 4,350)
Total members' funds: ( 2,788) (4,350)

The notes form part of these financial statements

DEVONPORT LIVE CIC

Balance sheet statements

For the year ending 31 March 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 4 July 2024
and signed on behalf of the board by:

Name: Maurice West
Status: Director

The notes form part of these financial statements

DEVONPORT LIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

DEVONPORT LIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 5

DEVONPORT LIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Stocks

2024 2023
£ £
Stocks 760 750
Total 760 750

DEVONPORT LIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 3,824 1,316
Total 3,824 1,316

DEVONPORT LIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 12,706 10,432
Total 12,706 10,432

COMMUNITY INTEREST ANNUAL REPORT

DEVONPORT LIVE CIC

Company Number: 10801424 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Devonport Live is a friendly and relaxing cafe and community hub, which brings together generations of Devonport residents to be the change in their community. It's a meeting place for local people to talk and share ideas and thoughts about the future of Devonport. Devonport Live community hub provides opportunities for supporting local residents with a variety of activities and events, delivered across the week to meet local need, encouraging participation and reducing social isolation. Engaging with local interest groups, providing a free meeting space. A sponsored display space for local artisans to sell their products. Devonport Live supports local people with complex needs by, sharing information and signposting to professional support organisations, who can help people with Health, Money Advice. Employment and Training. The CIC provides internet access to online services, for Housing, Benefits, and a wide range of other online organisations. Devonport Live is a community resource; bringing together and supporting local people who have a shared interest in their local community.

Consultation with stakeholders

During the year 23-24 the CIC grew its membership, developed its membership procedures and recruited an additional 30 local residents. Bringing the total membership to 150. The members meet on a two-monthly cycle. The members contribute by: Providing feedback on activities and events, suggest new activities, which are presented to the board for resource approval. Identify emerging needs or residents in crisis who need support. Members are currently planning and identifying the roles and opportunities for volunteering and further supporting the needs of the community. The membership has agreed that Volunteering would be the theme for 2024/25

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
4 July 2024

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