SOUTH SHIELDS SURF CIC

Company limited by guarantee

Company Registration Number:
11943413 (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

SOUTH SHIELDS SURF 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

SOUTH SHIELDS SURF 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

Principal activities of the company

A surf school in South Shields



Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Nicholas Peter Jones
S Carter
B Henderson
L Johnston


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
15 October 2024

And signed on behalf of the board by:
Name: Nicholas Peter Jones
Status: Director

SOUTH SHIELDS SURF CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 148,902 142,881
Cost of sales: ( 92,676 ) ( 92,648 )
Gross profit(or loss): 56,226 50,233
Distribution costs: 0 0
Administrative expenses: ( 60,241 ) ( 59,278 )
Other operating income: 0 0
Operating profit(or loss): (4,015) (9,045)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (4,015) (9,045)
Tax: 0 ( 374 )
Profit(or loss) for the financial year: (4,015) (9,419)

SOUTH SHIELDS SURF CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 22,274 30,387
Investments:   0 0
Total fixed assets: 22,274 30,387
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 16,037 4,222
Investments:   0 0
Total current assets: 16,037 4,222
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 33,816 ) ( 26,099 )
Net current assets (liabilities): (17,779) (21,877)
Total assets less current liabilities: 4,495 8,510
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): 4,495 8,510
Members' funds
Profit and loss account: 4,495 8,510
Total members' funds: 4,495 8,510

The notes form part of these financial statements

SOUTH SHIELDS SURF 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 15 October 2024
and signed on behalf of the board by:

Name: Nicholas Peter Jones
Status: Director

The notes form part of these financial statements

SOUTH SHIELDS SURF 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

    The turnover shown in the profit and loss account represents revenue earned during the period, inclusive of VAT.

    Tangible fixed assets depreciation policy

    Plant & Machinery - 25% Straight Line Motor Vehicle - 25% Straight Line

SOUTH SHIELDS SURF CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 25 24

SOUTH SHIELDS SURF 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 58,526 14,016 72,542
Additions 13,363 0 13,363
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 31 January 2024 71,889 14,016 85,905
Depreciation
At 1 February 2023 35,147 7,008 42,155
Charge for year 17,972 3,504 21,476
On disposals 0 0 0
Other adjustments 0 0 0
At 31 January 2024 53,119 10,512 63,631
Net book value
At 31 January 2024 18,770 3,504 22,274
At 31 January 2023 23,379 7,008 30,387

SOUTH SHIELDS SURF CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 3,645 497
Accruals and deferred income 10,240 240
Other creditors 19,931 25,362
Total 33,816 26,099

COMMUNITY INTEREST ANNUAL REPORT

SOUTH SHIELDS SURF CIC

Company Number: 11943413 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

The company runs a surf school in South Shields. We use the coastal environment to benefit our community’s wellbeing and improve the environment. We positively impacted our community this year with over 9770 people taking part in our activities encouraging engaging with the coastal environment and being active in nature. We had 5592 spaces used this year in our water activities (surfing, bodyboarding, paddle boarding, snorkelling) 1941 people taking part in environmental education and rockpooling sessions, with over 70% accessing this through schools at a discounted rate. We had 3352 instances of private hire of equipment. We had 35 schools and 64 community groups come this year accessing our services at a discounted rate using 2768 spaces. 11 Wellbeing Surf Courses for children and young people with SEN and SEMH and Young Carers benefiting 74 individual children and young people in 319 in spaces used. We funded 2 free surf sessions for 16 children from Bright Futures. 21 kids benefited from our weekly SEN surf club in 314 spaces in the sessions with an average attendance of 8 per week and maximum of 16. 137 different people benefited from our fully funded adult wellbeing session and used the drop in sessions when they needed and 198 spaces were used in the 20 sessions. 32 Veterans are registered with the Sea Company project with average weekly attendance of 4 people. 93 instances where beach access wheelchairs were given out for free not including our adaptive surf provision 173 people with disabilities came surfing with our adaptive surf offer using 251 spaces. Over 40 volunteers signed up and helping us out with 4 coming from a local college for additional needs, but only an average of 16 regular volunteers. We funded 5 new qualified staff plus 3 renewals. Rebecca and Nick became lifeguard trainer assessors and put through 10 of the staff in a course starting in November 23 and finishing March 24. Nick is a Surf Coach Trainer Assessor now and we have had 3 trainees come through with 1 finishing last year and another 2 finishing this year. 35 regular attendees in our community kids surf club. 50 beach cleans - This is an estimate, we had 3 sup cleans and 5 organised beach cleans but loads of informal. We act as a point of information/safety for the public at the beach - particularly when the lifeguards are not on duty and have been directly involved in 3 rescues/first aid incidents involving 3 people accessing the beach/ocean independently of us. Ran the Autumn Beach Festival with 24 organisations including the national trust and Natural England and we were an official celebration for the England Coast Path. We estimate that over 1000 people attended the event each day.

Consultation with stakeholders

We have encouraged all participants to leave reviews of their experiences and listen to their feedback. We also ask verbally all clients about the experiences they had, and record this in the session reports. We work with groups that come down consulting via email prior to trips to make sure that they get the trip that they need, and create bespoke programmes for them and resources. We then follow up after to see what experience they had and use this in future courses. We use a designated feedback form for this process. We gave full feedback forms to parents, guardians and participants in our surf mentor project. We got participant, parent and group leaders in our pay it forward scheme to fill out feedback and experience forms We have used wellbeing questionnaires and have shown across all measures beneficial improvements from our activities for our participants. We have an online public feedback form available via our website and facebook page. At the end of the season we put out a reminder to get everyone who came to provide us feedback.

Directors' remuneration

The aggregate remuneration paid to our receivable directors for qualifying services was £20,211 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s 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
15 October 2024

And signed on behalf of the board by:
Name: Nicholas Peter Jones
Status: Director