PAGANHILL COMMUNITY GROUP CIC

Company limited by guarantee

Company Registration Number:
11757922 (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

PAGANHILL COMMUNITY GROUP 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

PAGANHILL COMMUNITY GROUP 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

Jacqueline Ann Smith
Shyamala Ananthan
Claire Burnley
Ananthan Kadarkari
Neil McLaughlin


The director shown below has held office during the period of
1 February 2023 to 20 November 2023

Adrian Neil Oldman


The director shown below has held office during the period of
1 February 2023 to 2 August 2023

ary Michael Lynch


The director shown below has held office during the period of
2 August 2023 to 31 January 2024

Haydn Leonard Sutton


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
12 September 2024

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

PAGANHILL COMMUNITY GROUP CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 93,815 78,242
Cost of sales: ( 15,309 ) ( 17,172 )
Gross profit(or loss): 78,506 61,070
Administrative expenses: ( 79,614 ) ( 55,043 )
Other operating income: 521
Operating profit(or loss): (587) 6,027
Interest payable and similar charges: ( 8 )
Profit(or loss) before tax: (595) 6,027
Tax: ( 168 ) ( 328 )
Profit(or loss) for the financial year: (763) 5,699

PAGANHILL COMMUNITY GROUP CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 7,431 6,545
Total fixed assets: 7,431 6,545
Current assets
Debtors: 4 0 2,674
Cash at bank and in hand: 77,396 99,786
Total current assets: 77,396 102,460
Creditors: amounts falling due within one year: 5 ( 76,563 ) ( 100,146 )
Net current assets (liabilities): 833 2,314
Total assets less current liabilities: 8,264 8,859
Provision for liabilities: ( 672 ) ( 504 )
Total net assets (liabilities): 7,592 8,355
Members' funds
Profit and loss account: 7,592 8,355
Total members' funds: 7,592 8,355

The notes form part of these financial statements

PAGANHILL COMMUNITY GROUP 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 12 September 2024
and signed on behalf of the board by:

Name: Neil McLaughlin
Status: Director

The notes form part of these financial statements

PAGANHILL COMMUNITY GROUP 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 Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 5 years UL

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively

PAGANHILL COMMUNITY GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

PAGANHILL COMMUNITY GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 9,869 9,869
Additions 3,912 3,912
Disposals
Revaluations
Transfers
At 31 January 2024 13,781 13,781
Depreciation
At 1 February 2023 3,324 3,324
Charge for year 3,026 3,026
On disposals
Other adjustments
At 31 January 2024 6,350 6,350
Net book value
At 31 January 2024 7,431 7,431
At 31 January 2023 6,545 6,545

PAGANHILL COMMUNITY GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 1,408
Prepayments and accrued income 0
Other debtors 0 1,266
Total 0 2,674
Debtors due after more than one year: 0

PAGANHILL COMMUNITY GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 582 1,370
Taxation and social security 619 885
Accruals and deferred income 75,362 97,891
Total 76,563 100,146

COMMUNITY INTEREST ANNUAL REPORT

PAGANHILL COMMUNITY GROUP CIC

Company Number: 11757922 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Creating a safe environment for residents Residents feel welcomed and valued. Enabling friendships. Recognising residents strengths and enabling growth. Improving our environment. Supporting those who request help through referrals to ‘helping agencies’. Paganhill Community Group has grown fast during the cost of living crisis with a higher number visiting our centre and requesting help, especially with food and friendship. Our ethos helps us to focus on their strengths and not focus on a deficit model of needing something from us.This enables growth, treats people with respect and shows them that they are a valuable member of our community. 84% of the factors that influence a person’s total health are found outside clinical care, (according to GL11 annual report). Paganhill Community Group provides a space which addresses people’s wellbeing, reduces isolation in our resident group and enables friendship and personal growth through our projects.

Consultation with stakeholders

A consultation with UKSPF fund (Uk Shared Prosperity Fund) re NoSH (Network of Stroud Hubs) 0f which Paganhill Community Group is a member

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
18 September 2024

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