MAJICAL YOUTH C.I.C.

Company limited by guarantee

Company Registration Number:
11343637 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

MAJICAL YOUTH C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

MAJICAL YOUTH C.I.C.

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Directors

The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023

Helen Mary Caroline Reynolds
Klara Skarabelova
Rachel Preedy
Jane Marie Llewelyn


The director shown below has held office during the period of
1 November 2022 to 13 December 2022

Alexander Joseph Machin


Secretary Jane Marie Llewellyn

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
8 October 2024

And signed on behalf of the board by:
Name: Helen Mary Caroline Reynolds
Status: Director

MAJICAL YOUTH C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 86,671 101,060
Cost of sales: ( 51,324 ) ( 24,925 )
Gross profit(or loss): 35,347 76,135
Administrative expenses: ( 43,238 ) ( 68,009 )
Operating profit(or loss): (7,891) 8,126
Interest receivable and similar income: 465
Profit(or loss) before tax: (7,426) 8,126
Profit(or loss) for the financial year: (7,426) 8,126

MAJICAL YOUTH C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 39,860 53,147
Total fixed assets: 39,860 53,147
Current assets
Debtors: 4 46,500 5,814
Cash at bank and in hand: 120,290 165,894
Total current assets: 166,790 171,708
Creditors: amounts falling due within one year: 5 ( 13,669 ) ( 24,449 )
Net current assets (liabilities): 153,121 147,259
Total assets less current liabilities: 192,981 200,406
Total net assets (liabilities): 192,981 200,406
Members' funds
Profit and loss account: 192,981 200,406
Total members' funds: 192,981 200,406

The notes form part of these financial statements

MAJICAL YOUTH C.I.C.

Balance sheet statements

For the year ending 31 October 2023 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 8 October 2024
and signed on behalf of the board by:

Name: Helen Mary Caroline Reynolds
Status: Director

The notes form part of these financial statements

MAJICAL YOUTH C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 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 assets are included at cost less depreciation and impairment. Depreciation has been provided at 25% on all assets in order to write off the assets over their estimated useful lives.

MAJICAL YOUTH C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

    There were four Directors during this year. No Directors remuneration was due or paid. There were no other paid employees of the company during this year.

MAJICAL YOUTH C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 23,000 44,160 31,990 2,807 6,300 108,257
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 23,000 44,160 31,990 2,807 6,300 108,257
Depreciation
At 1 November 2022 9,628 22,322 19,549 2,036 1,575 55,110
Charge for year 3,343 5,459 3,111 193 1,181 13,287
On disposals
Other adjustments
At 31 October 2023 12,971 27,781 22,660 2,229 2,756 68,397
Net book value
At 31 October 2023 10,029 16,379 9,330 578 3,544 39,860
At 31 October 2022 13,372 21,838 12,441 771 4,725 53,147

MAJICAL YOUTH C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 46,500 5,814
Total 46,500 5,814

MAJICAL YOUTH C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 12,329 15,764
Accruals and deferred income 800 395
Other creditors 540 8,290
Total 13,669 24,449

COMMUNITY INTEREST ANNUAL REPORT

MAJICAL YOUTH C.I.C.

Company Number: 11343637 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

COMMUNITY INTEREST ANNUAL REPORT MAJICAL YOUTH C.I.C Company number 11343637 (England and Wales) Year ending: 31 October 2023 Company activities and impact Locally.. The activities year for Majical Youth begins in the springtime whereby our marquees were erected at Fountain Hill to facilitate and provide donation based activities to the local community. Examples of which are as follows:- Create a safe 'open space' for circus skills classes, creative activities within art classes, youth group meetings, structured bush-craft activities, crafts and community sports. In addition, our facilities are open to be used by the home education community for teaching and meetings. We host, free-of-charge, speciality activities whereby, for example, 'fire training sessions' are supervised by fully trained skilled performers and related props are provided for fire juggling workshops. In addition at such events catering and hospitality is provided also. Facilities at Fountain Hill have been provided to assist with the formation of a local bi-lingual youth group which has been run by young people for the local youth community; covering both Welsh and English speaking youths. Welsh speaking events have been successful in promoting the use of Welsh language amongst the home educating community; promoting welsh only speech and communication is freely supported by the local welsh speakers. Hosted bi-monthly during the winter months at a cost of £1 per youth attending. Courses are provided during the year, offering training sessions to age 16 to 25 years, in health and safety at work, catering courses levels 1-3, providing work experience and apprenticeships for one youth in fairground and public rides safety, management, marquee setup etc. We hosted the 'Shew fest' - The Spiriti of Home Ed Wales, run by the South Wales Home Ed groups; whereby we offer camping holidays for families with a range of theatre circus fairground, crafts, bush-crafts and other related entertainment and education. Majical Youth offers bursaries to families with reduced means to ensure inclusivity and everyone is able to attend. In addition, twice during this year (February & Easter 2023) we created a work week for youths. We invited youths to stay at Fountain Hill and engage in work related activities supervised by Majical Youth and associated professional skilled performers. Travel, accommodation, food and catering was included and the whole event was fully funded by Majical Youth. Our fairground equipment, marquees and rides are fully insured and maintained and are available to be lent out to support other local community organised activities. Marquees, circus skills workshops, trampolines, mini-olympics, face painting, various toddler toys etc. are available to other community groups for low/minimal costs. Summer Season Festivals and community events: We provide opportunities for volunteers to attend festivals whereby training and supervision is given: - in micro enterprises, i.e. mobile food trailer catering (making and selling pancakes, pizza, chips, candfloss etc.) - of marquee pitching and erection - including tent master taining for a limited number per year - in risk assessment in all activities and preperation of method statements targeted at small business enterprise management and administration at outdoor events - how to create a safe children's area at festivals and public events providing trained staff/crew and equipment (we are safety certified and fully covered with public liability insurance) which includes child protection and safeguarding policy training at all times while attending kidz play areas. All members of staff and crew are fully vetted and diligently DBS certified and are safe guarding trained.

Consultation with stakeholders

No consultation with stakeholders

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
8 October 2024

And signed on behalf of the board by:
Name: H M C REYNOLDS
Status: Director