COPING TOGETHER CIC

Company limited by guarantee

Company Registration Number:
14717753 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 9 March 2023

End date: 31 March 2024

COPING TOGETHER 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

COPING TOGETHER 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

to provide inclusive, diverse and educational music workshops specifically for children and young adults with special education needs and disabilities.



Directors

The director shown below has held office during the period of
25 July 2023 to 31 March 2024

Joseph John Butler


The director shown below has held office during the whole of the period from
9 March 2023 to 31 March 2024

Benjamin Andrew Cope


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
3 December 2024

And signed on behalf of the board by:
Name: Benjamin Andrew Cope
Status: Director

COPING TOGETHER CIC

Profit And Loss Account

for the Period Ended 31 March 2024

13 months to 31 March 2024


£
Turnover: 985
Gross profit(or loss): 985
Distribution costs: ( 188 )
Administrative expenses: ( 799 )
Operating profit(or loss): (2)
Profit(or loss) before tax: (2)
Profit(or loss) for the financial year: (2)

COPING TOGETHER CIC

Balance sheet

As at 31 March 2024

Notes 13 months to 31 March 2024


£
Current assets
Debtors: 3 420
Cash at bank and in hand: 48
Total current assets: 468
Creditors: amounts falling due within one year: 4 ( 470 )
Net current assets (liabilities): (2)
Total assets less current liabilities: (2)
Total net assets (liabilities): (2)
Members' funds
Profit and loss account: (2)
Total members' funds: ( 2)

The notes form part of these financial statements

COPING TOGETHER 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 3 December 2024
and signed on behalf of the board by:

Name: Benjamin Andrew Cope
Status: Director

The notes form part of these financial statements

COPING TOGETHER 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Other accounting policies

    Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

COPING TOGETHER 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

COPING TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

13 months to 31 March 2024
£
Other debtors 420
Total 420

COPING TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

13 months to 31 March 2024
£
Accruals and deferred income 470
Total 470

COMMUNITY INTEREST ANNUAL REPORT

COPING TOGETHER CIC

Company Number: 14717753 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

For the time period of these accounts the company was brand new and were still figuring out how best to impact the community with the services they intended to provide. This resulted in the first year being rather quiet as there were numerous set backs from the get go. This was until April 2024 when the service provided was altered to reflect how best to serve the community to the maximum.

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
28 November 2024

And signed on behalf of the board by:
Name: Ben Cope
Status: Director