VALLEYS ANCHOR CIC

Company limited by guarantee

Company Registration Number:
14689749 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 27 February 2023

End date: 31 March 2024

VALLEYS ANCHOR CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

VALLEYS ANCHOR CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company during the period under review was management consultancy activities other than financial management.

Additional information

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.



Directors

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

David Michael CARRE
Gabrielle HURT
Sarah Ann WHITELAW


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
1 November 2024

And signed on behalf of the board by:
Name: David Michael CARRE
Status: Director

VALLEYS ANCHOR CIC

Profit And Loss Account

for the Period Ended 31 March 2024

13 months to 31 March 2024


£
Turnover: 41,386
Cost of sales: ( 39,248 )
Gross profit(or loss): 2,138
Administrative expenses: ( 1,957 )
Operating profit(or loss): 181
Profit(or loss) before tax: 181
Tax: ( 34 )
Profit(or loss) for the financial year: 147

VALLEYS ANCHOR CIC

Balance sheet

As at 31 March 2024

Notes 13 months to 31 March 2024


£
Current assets
Cash at bank and in hand: 5,861
Total current assets: 5,861
Creditors: amounts falling due within one year: 3 ( 5,714 )
Net current assets (liabilities): 147
Total assets less current liabilities: 147
Total net assets (liabilities): 147
Members' funds
Profit and loss account: 147
Total members' funds: 147

The notes form part of these financial statements

VALLEYS ANCHOR CIC

Balance sheet statements

For the year ending 31 March 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 1 November 2024
and signed on behalf of the board by:

Name: David Michael CARRE
Status: Director

The notes form part of these financial statements

VALLEYS ANCHOR CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

    Turnover policy

    Turnover Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: -he Company has transferred to the buyer the significant risks and rewards of ownership of the goods; -he Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; -the amount of revenue can be measured reliably; -it is probable that the economic benefits associated with the transaction will flow to the Company; and -the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

    Other accounting policies

    Taxation Income tax expense represents the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account 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. Trade and other creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction

VALLEYS ANCHOR CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    13 months to 31 March 2024
    Average number of employees during the period 0

VALLEYS ANCHOR CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

13 months to 31 March 2024
£
Taxation and social security 34
Accruals and deferred income 5,680
Total 5,714

COMMUNITY INTEREST ANNUAL REPORT

VALLEYS ANCHOR CIC

Company Number: 14689749 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

We are the Community Anchor for groups in the rural area of Kirklees in West Yorkshire best described as the Holme and Colne valley. Community Anchors are the support system for community organisations and for the people involved in running them. This work is com-missioned by the local Kirklees Council and money managed in form of mini contracts from our local VCS support agency TSL. Every community has people using their time, energy, motivation and skills to make great things happen in their community. Usually, they are in third sector community organisations – as trustees, management committee members, social entrepreneurs or organisers. They may be in paid or volunteer roles. Like the other Community Anchors we share our experience, contacts, knowledge, resources and expertise with other local organisations. We listen to those working in communities and share information. We bring people together and help create plans. We help organisations develop, collaborate and influence the decisions that affect their communities. Anchors work in enabling and co-productive ways with those in communities who are organis-ing groups and activities, building on strengths and alliances. As the Lead Anchor in this area we have continued to touch base with the groups and pro-jects we have worked with in the past before we were a formal CIC and also make new con-nections. In total looking over the last 12 months we have a live case load of 78 groups we are in touch with.

Consultation with stakeholders

We operate in a large rural area that contains over ten small rural milltowns and villages. These are very active communities with a few hundred local community groups operating in total. There are 120 community managed buildings alone, many are home to more than one local group. Some of the larger community halls have different groups meeting there every day. These are all our stakeholders as together they represent the diverse range of community organisations in the area and we are commissioned to support them all as best we can. Our job is “Support, Connect and Unite” these groups – so consultation is key to the work we do in terms of connection and most new action is about collaboration – i.e. uniting both groups and other local stakeholders. We aim to create networks of like-minded organisations where we can. In this period, we convened 4 meetings of the Family Together Partnership and also organised some People Helping People events – we have also attended and spoke at many other local networks and community associations as well as worked with our 2 Parish Councils. All of this work involves 2-way discussions as to what the issues are; what the priorities are and what could or should be down to help. We cascade information down and intelligence up. We have also actively supported and helped facilitate a number of local consultations using the Place Standard tool, collaborating with colleagues in the Local Authority. In the current climate the Public Sector is struggling to be proactive in response to many ideas and concerns as they are struggling to run core services, but we look to use the energy and ideas of local groups to make improvement where possible.

Directors' remuneration

As we are still a new emerging organisation a decision was made to only employ free lancers to deliver the few small contracts we have. The payments are made to of our directors and other local people. All have other incomes outside of this work. The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was in the region of £32K out of the turn over of £48K. The majority of the contracts we have are for support work done out in the field by the people we commission.

Transfer of assets

In this year we did support one local group by holding money for them that was raised locally. This was worth about £6K and was all spent on their behalf or returned within the accounting period. We have ring fenced money for tree planting in the 24/25 season as part of our carbon off set policy. We also held some smaller amounts of funds for the local anchors in the area and this is held in a restricted fund. Other than that, no transfer of assets other than for full consideration has been made

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

And signed on behalf of the board by:
Name: David Michael CARRE
Status: Director