CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Company Registration Number:
12675958 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Itseoritseno Onuwaje
David Martos


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
20 November 2024

And signed on behalf of the board by:
Name: Itseoritseno Onuwaje
Status: Director

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 221,602 244,511
Cost of sales: ( 208,909 ) ( 208,881 )
Gross profit(or loss): 12,693 35,630
Administrative expenses: ( 43,533 ) ( 55,906 )
Other operating income: 55,000
Operating profit(or loss): (30,840) 34,724
Profit(or loss) before tax: (30,840) 34,724
Profit(or loss) for the financial year: (30,840) 34,724

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 15,330 5,972
Total fixed assets: 15,330 5,972
Current assets
Debtors: 4 24,482 29,418
Cash at bank and in hand: 11,209 26,433
Total current assets: 35,691 55,851
Creditors: amounts falling due within one year: 5 ( 31,739 ) ( 11,701 )
Net current assets (liabilities): 3,952 44,150
Total assets less current liabilities: 19,282 50,122
Total net assets (liabilities): 19,282 50,122
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 19,272 50,112
Total Shareholders' funds: 19,282 50,122

The notes form part of these financial statements

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 June 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 20 November 2024
and signed on behalf of the board by:

Name: Itseoritseno Onuwaje
Status: Director

The notes form part of these financial statements

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 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 assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 25% on reducing balance Computer equipment 25% on reducing balance

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 1,471 7,804 9,275
Additions 11,770 11,770
Disposals
Revaluations
Transfers
At 30 June 2024 1,471 19,574 21,045
Depreciation
At 1 July 2023 488 2,815 3,303
Charge for year 246 2,166 2,412
On disposals
Other adjustments
At 30 June 2024 734 4,981 5,715
Net book value
At 30 June 2024 737 14,593 15,330
At 30 June 2023 983 4,989 5,972

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Other debtors 24,482 29,418
Total 24,482 29,418

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 20,338 0
Taxation and social security 1,666 7,896
Accruals and deferred income 1,270 1,156
Other creditors 8,465 2,649
Total 31,739 11,701

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Loans to directors

Name of director receiving advance or credit: Itseoritseno Onuwaje
Description of the transaction:
Directors Loan Account
£
Balance at 30 June 2023 1,786
Advances or credits made: 5,634
Advances or credits repaid: 7,217
Balance at 30 June 2024 203

Name of director receiving advance or credit: David Martos
Description of the transaction:
Directors Loan Account
£
Balance at 30 June 2023 863
Advances or credits made: 376
Advances or credits repaid: 1,037
Balance at 30 June 2024 202

COMMUNITY INTEREST ANNUAL REPORT

CINN COLLECTIVE COMMUNITY INTEREST COMPANY

Company Number: 12675958 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Supporting women experiencing domestic violence in partnership with Bromley and Croydon Women’s Aid by funding their Children’s Day project allowing family days out for displaced children and their mothers, creating a sense of normalcy and opportunity to build friendships and make positive memories (£5,000). Also funded women’s coffee mornings for women who have recently been housed and isolated from friends and family due to restrictions on visitors for women at risk of violence (£780). Creating community for rough sleepers in Brighton and Manchester in partnership with Just Life Foundation by funding several community events for volunteer befrienders and beneficiaries to create opportunities for positive relationships which give beneficiaries confidence and motivation to create sustained lifestyle change (£865). Creating safe spaces for young women refugees in Brighton in partnership with The Hummingbird Project Community Group through the creation of a community group specifically for women (£1,000). In total, £7,645 was donated towards partnerships with local charities to enable them to carry out activities to support people affected by homelessness, poverty, rough sleeping or having to flee their homes to domestic abuse and or seeking refuge in the UK.

Consultation with stakeholders

House of Cinn conducts meetings and discussions with fundraising managers and volunteers working at our partner charities to determine their needs and areas that lack funding in order to ensure our funds are dedicated to where there is a need in the community.

Directors' remuneration

Directors Salaries: £10,000

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 November 2024

And signed on behalf of the board by:
Name: Itseoritseno Onuwaje
Status: Director