MAKE LCR CIC

Company limited by guarantee

Company Registration Number:
08838587 (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

MAKE LCR 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

MAKE LCR 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

Make LCR CIC aims to support people to tum their passion into prosperity by providing affordable, community-focused creative work environments; by nurturing people's curiosity to learn skills; by facilitating access to opportunities and resources; by bringing people together by building networks and hosting events; and by transforming the environments around us. In an economically challenging climate, Make CIC has established itself as playing an important part in the renaissance of the Liverpool City Region.



Directors

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

Liam kelly
Kirsten Little
Jane Leah
Kate Lucy


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

Scott Lingard


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
29 August 2024

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

MAKE LCR CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 305,979 353,910
Cost of sales: ( 38,840 ) ( 61,460 )
Gross profit(or loss): 267,139 292,450
Administrative expenses: ( 485,789 ) ( 459,485 )
Other operating income: 217,826 234,946
Operating profit(or loss): (824) 67,911
Interest receivable and similar income: 3,199 36
Interest payable and similar charges: ( 2,003 ) ( 5,699 )
Profit(or loss) before tax: 372 62,248
Profit(or loss) for the financial year: 372 62,248

MAKE LCR CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 914,809 181,300
Investments: 4 1 1
Total fixed assets: 914,810 181,301
Current assets
Debtors: 5 78,627 111,228
Cash at bank and in hand: 258,055 22,338
Total current assets: 336,682 133,566
Creditors: amounts falling due within one year: 6 ( 120,098 ) ( 263,054 )
Net current assets (liabilities): 216,584 (129,488)
Total assets less current liabilities: 1,131,394 51,813
Creditors: amounts falling due after more than one year: 7 ( 63,489 ) ( 108,331 )
Accruals and deferred income: ( 1,124,049 )
Total net assets (liabilities): (56,144) (56,518)
Members' funds
Profit and loss account: (56,144) ( 56,518)
Total members' funds: ( 56,144) (56,518)

The notes form part of these financial statements

MAKE LCR 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 29 August 2024
and signed on behalf of the board by:

Name: Kirsten Little
Status: Director

The notes form part of these financial statements

MAKE LCR 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Land & buildings Buildings over 25 years Leasehold improvements over 10 years Fixtures & fittings over 3 years Computer equipment over 3 years

    Other accounting policies

    Going Concern - The directors have considered the level of funds held and the expected level of income and expenditure for the twelve months from authorising these financial statements. The directors asses the organisation to be a going concern based on review of financial performance of the financial year to date, the management accounts forecast for the remainder of financial year, the rolling cash flow forecast, new funding commitments, and longer-term plans and forecasts for future years. As a result, the directors are confident about the financial future of the organisation and satisfied that these accounts are prepared on a going concern basis.

MAKE LCR CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 9 10

MAKE LCR 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 42,013 175,105 1,525 218,643
Additions 667,890 138,446 806,336
Disposals
Revaluations
Transfers
At 31 January 2024 709,903 313,551 1,525 1,024,979
Depreciation
At 1 February 2023 0 35,818 1,525 37,343
Charge for year 4,201 68,626 72,827
On disposals
Other adjustments
At 31 January 2024 4,201 104,444 1,525 110,170
Net book value
At 31 January 2024 705,702 209,107 0 914,809
At 31 January 2023 42,013 139,287 0 181,300

MAKE LCR CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Fixed assets investments note

Investments in shares are included at fair value.

MAKE LCR CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
£ £
Trade debtors 16,400 8,387
Prepayments and accrued income 62,227 15,591
Other debtors 87,250
Total 78,627 111,228

MAKE LCR CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 49,176 92,959
Taxation and social security 15,502
Accruals and deferred income 10,335 70,411
Other creditors 45,085 99,684
Total 120,098 263,054

MAKE LCR CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 36,289 41,582
Other creditors 27,200 66,749
Total 63,489 108,331

COMMUNITY INTEREST ANNUAL REPORT

MAKE LCR CIC

Company Number: 08838587 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Make CIC's vision is to see people turn their passion into prosperity. The mission is to provide services; support people; facilitate resources and networks in order that people can live happy, healthy and prosperous lives. This is done by providing affordable, community-focused creative work environments; nurture people's curiosity to learn skills; facilitate access to opportunities and resources; bring people together by building networks and hosting events; as well as transform the environments around us and ultimately people's lives. To stay true to this mission we will act with a set of values in mind; to be curious, constructive and transformative. Make CIC had 4 main beneficiary groups which from our community of interest: 1. Residents & Workshop Members - those who have use of the resources that Make CIC provides at its hubs. 2. Participants - those who get involved in Make CIC's programme; which includes events, volunteer opportunities and workshops. 3. Customers - those who purchase products or services from Make CIC and therefore contribute to the social value generated. This directly funds Make's public benefit activities. 4. Community - those who benefit, sometimes indirectly, from the wider work undertaken by Make CIC in the communities around the organisation's hubs; such as environmental projects, regeneration of place, reduction in anti-social behaviour and crime. Make's core trading activity is to provide affordable and accessible creative work environments. Make had three active hubs in 2023-24; Make North Docks in Liverpool's Ten Streets; Make Hamilton in Birkenhead, Wirral; Make Huyton in Huyton Village Knowsley. Headline impacts: - More than £1.5m social value generated (Impact report by RealWorth) - Make's oldest beneficiary is 72 and the youngest is 18 Headline undertakings: - Make CIC secured £1.8 million of grant from Town Deal and Wirral Met College to purchase a refurbish a new property in Birkenhead to replace Make Hamilton 1, with Make Hamilton 2. This property was purchase during this financial year and Make CIC now owns the freehold of 69-71 Argyle Street, Birkenhead.

Consultation with stakeholders

- Make CIC holds an annual general meeting - Summer and winter social - Engaged in numerous "place" stakeholder groups

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
23 October 2024

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