COMMUNITY SCRAP SHACK CIC

Company limited by guarantee

Company Registration Number:
07411468 (England and Wales)

Unaudited statutory accounts for the year ended 29 January 2024

Period of accounts

Start date: 1 February 2023

End date: 29 January 2024

COMMUNITY SCRAP SHACK CIC

Contents of the Financial Statements

for the Period Ended 29 January 2024

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

COMMUNITY SCRAP SHACK CIC

Profit And Loss Account

for the Period Ended 29 January 2024

2024 2023


£

£
Turnover: 30,113 26,892
Cost of sales: ( 443 ) ( 724 )
Gross profit(or loss): 29,670 26,168
Administrative expenses: ( 30,002 ) ( 28,399 )
Operating profit(or loss): (332) (2,231)
Profit(or loss) before tax: (332) (2,231)
Profit(or loss) for the financial year: (332) (2,231)

COMMUNITY SCRAP SHACK CIC

Balance sheet

As at 29 January 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 63 3
Cash at bank and in hand: 2,220 1,263
Total current assets: 2,283 1,266
Creditors: amounts falling due within one year: 4 ( 9,547 ) ( 8,197 )
Net current assets (liabilities): (7,264) (6,931)
Total assets less current liabilities: (7,264) ( 6,931)
Total net assets (liabilities): (7,264) (6,931)
Members' funds
Profit and loss account: (7,264) ( 6,931)
Total members' funds: ( 7,264) (6,931)

The notes form part of these financial statements

COMMUNITY SCRAP SHACK CIC

Balance sheet statements

For the year ending 29 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 18 October 2024
and signed on behalf of the board by:

Name: Mrs Tracey Bolton
Status: Director

The notes form part of these financial statements

COMMUNITY SCRAP SHACK CIC

Notes to the Financial Statements

for the Period Ended 29 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

COMMUNITY SCRAP SHACK CIC

Notes to the Financial Statements

for the Period Ended 29 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

COMMUNITY SCRAP SHACK CIC

Notes to the Financial Statements

for the Period Ended 29 January 2024

3. Debtors

2024 2023
£ £
Trade debtors 60
Other debtors 3 3
Total 63 3

COMMUNITY SCRAP SHACK CIC

Notes to the Financial Statements

for the Period Ended 29 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 9,547 8,197
Total 9,547 8,197

COMMUNITY INTEREST ANNUAL REPORT

COMMUNITY SCRAP SHACK CIC

Company Number: 07411468 (England and Wales)

Year Ending: 29 January 2024

Company activities and impact

Community Scrap Shack continues to divert tonnes of redundant reusable materials from landfill back into re-use for the benefit of the local community whilst at the same time protecting the environment. lt is estimated that within years every landfill site in the UK will be full, so the work we do is vital to the well-being of not only our local environment but also to the future of the planet as a whole. This has been a very difficult financial year, with continued decline in trade, affecting the income, stock capacity and volunteer retention. The review of opening hours at the beginning of the year was postponed until an increase in customer footfall could be improved. Unfortunately, due to the decline in health of our founding Director Mrs Pamela Taylor, and the increased personal care commitment needed from our other Director Mrs Michelle Folkes, we were unable to plan any promotional or marketing strategies, deciding to focus our limited staff and volunteer capacity on the day to day running of the current services and utilising the vast quantities of resources acquired last year. Membership uptake still remains low with schools and organisations continuing to restrict creative activities since covid and our inability to source continuing new resource choices, but we still attract increasing interest from Day Customers who purchase in smaller quantities. We attended the Gloucester swap and a Jewellery Fair in April which were both successful, we also had a stall at a local community event. In August we held a Fabric and Paint Sale, in conjunction with the Community RePaint 30th Anniversary. The day was very successful, with lots of people attending and brought in some much needed additional income. Colman AD Ltd., moved into the adjoining business premises this year and approached us regarding the electricity supply and proposed interest in purchasing the premises in the future. Due to the uncertainty of the business future, we agreed to discuss any feasible options next year. Sadly, in November Mrs Taylor died. Her Director’s role and part ownership of the premises was taken on by Miss Danielle Folkes.

Consultation with stakeholders

Stakeholders continue to include all users of the Scrapstore and our volunteers, with feedback taken directly and through our media sites. Consultation continues to include the organisations and agencies accessing our facilities and workability placements, working with vulnerable adults and those requiring additional support to regain workplace experiences. We continue to work with Newcastle College, VAST and Regent College and Abbey Hill Special Needs Schools (supporting young adults with learning disabilities). Our Community RePaint Scheme continues to support individuals and organisations on limited budgets and the introduction of the Free Paint section has continued to be very popular, supporting groups, individuals and community artists to access affordable resources. Our volunteers still contribute daily and input into directing the planning of services and the resources/products we have available.

Directors' remuneration

The amount of remuneration paid to Directors in respect of qualifying services is stated in the Full Accounts attached.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Mrs Michelle Folkes
Status: Director