RAINEY COMMUNITY CREATIONS CIC

Company limited by guarantee

Company Registration Number:
14544053 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 15 December 2022

End date: 31 December 2023

RAINEY COMMUNITY CREATIONS CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

RAINEY COMMUNITY CREATIONS CIC

Directors' report period ended 31 December 2023

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

Directors

The directors shown below have held office during the whole of the period from
15 December 2022 to 31 December 2023

R Jennings
S Williams


The director shown below has held office during the period of
15 December 2022 to 13 December 2023

V Jennings


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
27 November 2024

And signed on behalf of the board by:
Name: R Jennings
Status: Director

RAINEY COMMUNITY CREATIONS CIC

Profit And Loss Account

for the Period Ended 31 December 2023

13 months to 31 December 2023


£
Turnover: 31,104
Cost of sales: ( 29,007 )
Gross profit(or loss): 2,097
Administrative expenses: ( 4,442 )
Other operating income: 50
Operating profit(or loss): (2,295)
Profit(or loss) before tax: (2,295)
Profit(or loss) for the financial year: (2,295)

RAINEY COMMUNITY CREATIONS CIC

Balance sheet

As at 31 December 2023

Notes 13 months to 31 December 2023


£
Current assets
Debtors: 3 206
Cash at bank and in hand: 4,735
Total current assets: 4,941
Creditors: amounts falling due within one year: 4 ( 7,236 )
Net current assets (liabilities): (2,295)
Total assets less current liabilities: (2,295)
Total net assets (liabilities): (2,295)
Members' funds
Profit and loss account: (2,295)
Total members' funds: ( 2,295)

The notes form part of these financial statements

RAINEY COMMUNITY CREATIONS CIC

Balance sheet statements

For the year ending 31 December 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 27 November 2024
and signed on behalf of the board by:

Name: R Jennings
Status: Director

The notes form part of these financial statements

RAINEY COMMUNITY CREATIONS CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    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.

    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 and deferred tax are recognised in surplus or deficit for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

RAINEY COMMUNITY CREATIONS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    13 months to 31 December 2023
    Average number of employees during the period 0

RAINEY COMMUNITY CREATIONS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

13 months to 31 December 2023
£
Other debtors 206
Total 206

RAINEY COMMUNITY CREATIONS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

13 months to 31 December 2023
£
Other creditors 7,236
Total 7,236

COMMUNITY INTEREST ANNUAL REPORT

RAINEY COMMUNITY CREATIONS CIC

Company Number: 14544053 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

We have been committed to helping to reduce isolation, loneliness and increased inclusion through our low cost or free art-based activities to the citizens of Birmingham and the wider area including Herefordshire and Worcestershire. We have engaged with the local communities running art workshops for children and families who have been excluded due to cost, confidence, disability or mental ill health. Our workshops have been intergenerational, including grandparents living with dementia, working on lino cutting with their grandchildren who have autism. All have learnt new art skills, been able to talk to peers and friendships have been formed. Our Playschemes funded through HAF (Holiday active funding) have been huge hits, working with over 200 children who are vulnerable including Looked after children, Young Carers, SEND, children living in homes of domestic violence and children with low self esteem. Our volunteers and freelance staff have been made up of adults and young people who are neural diverse and have been very lonely in the past few years due to the pandemic and continued fear of the unknown. These adults have benefitted from inhouse training that is accredited, such as Food Hygiene and Safeguarding and done in a way that is inclusive and adapted to their needs. This is the ethos we hold for all workshops, events and play schemes, that the participant will get the most out of it, if we adapt to their individual needs. Our work has resulted in 13 first play dates for children who would not normally be invited to a birthday party or excluded from afterschool clubs due to behaviour, or lack of understanding social cues. Friendships have been built through mirror play, greater understanding of individual needs and shared interests. Parents and Carers have expressed how thankful they have been supported in signposting to external organisations and meeting fellow parents that have been fighting for inclusion and accessible activities for their children. Our training arm of the CIC has supported volunteers and freelance staff in house and also in Sandwell, where volunteer managers have been trained in volunteer management issues including Level 2 Food Hygiene, Safeguarding and volunteer recruitment and retaining. In 2023 we were nominated, shortlisted and became finalists in 2 Birmingham based awards. Birmingham Awards and Community Inspiration Awards, for our inclusion and accessibility to our art based projects.

Consultation with stakeholders

Stakeholders include: participants in activities, local community, Northfield NNS, parents, local charities, social workers, schools, churches/places of worship. Stakeholder consultation has been carried out with our play schemes – Parents have been asked to grade our provision and to give a short sentence on what was good and what could be improved. This was collected using a basic questionnaire read out to our parents at the end of their child’s placement. The questionnaires could be carried out there and then with people supported with their spelling. This was anonymous at the point of directors reading it. HAF/Streetgames (funders) also carried out a simple questionnaire using emojis to gauge parental/carer satisfaction. Our children who have taken part have graded each day with a happy to sad face system and have been given a free table to draw or write about the day, with feedback collected. This allowed us to tweak the days to make sure that our days suited the children and covered the activities they liked. This is all anonymous. Each Play Scheme has taken aboard the feedback and has adapted daily where possible or at the next one. For instance, different art activities have been brought in due to the interest gauged. Parents have stated about calmer behaviour, the routine and the mixture of activities as being a life line to both themselves for respite and for their children. With our weekly pottery, through the stakeholders consultation we changed the payment system so that the firing process of work was fairer. Towards the end of the year we no longer charged by firing item, but gave the choice if something was to be fired. This meant that people could air dry and acrylic paint work if wanted. No Stakeholder consultation held for the volunteer training arm of the organisation. 758 have used our services in 2023 including parents/carers, participants, children, young carers and members of the public looking for signposting.

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
27 November 2024

And signed on behalf of the board by:
Name: R Jennings
Status: Director