for the Period Ended 28 February 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 28 February 2024
Directors
The director shown below has held office during the whole of the period from
1 March 2023
to
28 February 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
(
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(
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Other operating income: |
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Operating profit(or loss): |
( |
( |
Interest receivable and similar income: |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
( |
( |
Tax: |
(
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Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
( |
( |
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Total net assets (liabilities): |
( |
( |
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Members' funds | |||
Profit and loss account: |
( |
( |
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Total members' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 28 February 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 28 February 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 28 February 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 March 2023 |
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Additions |
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Disposals |
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Revaluations |
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Transfers | ||||||
At 28 February 2024 |
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Depreciation | ||||||
At 1 March 2023 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 28 February 2024 |
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Net book value | ||||||
At 28 February 2024 |
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At 28 February 2023 |
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for the Period Ended 28 February 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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The majority of funds spent was used to continue building up the company, with the addition of running a number of events that will enable us to have a more immediate localised impact on our service users. Some of the continued costs included paying for a domain and website, equipment, travel and meetings costs, marketing materials and inventory. This has benefitted our community in the following ways: We worked to get thousands of books out to people who couldn’t afford or access them across the UK and Ireland. Some of which were given directly from by us, or posted by a third party. A number of publishers also donated books and sent them to recipients on our behalf. Our website, marketing materials and social media helped us to spread awareness of our mission, which led to a number of schools, community centres, youth clubs and other community-based organisations receiving books from us for free. These books are given to people of all ages to keep. Additionally, we use our online presence to direct people to new and exciting literature by authors of colour. Part of our mission is to get people reading more books by underrepresented authors. We know that our community expands beyond those who can’t afford to purchase books. As a cultural education CIC it’s vital to us to share the titles that we recommend and help people find new books that they might enjoy and learn from. In this year we launched our festival, which welcomed over 1500+ people to enjoy free events, workshops, refreshments, networking and a chance to get some new books for free to take home. The number of donations increased this year, getting approximately 5,000 books into new homes.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 November 2024
And signed on behalf of the board by:
Name: Sofia Akel
Status: Director