A2B ACTIVE SPORT CIC

Company limited by guarantee

Company Registration Number:
08436694 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

A2B ACTIVE SPORT 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

A2B ACTIVE SPORT 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 company's principal activity during the year continued to be offering a greater range of educational opportunities, physical activities and sport in response to the needs of the community, by creating alternative learning and participation pathways which can be pursued throughout adult life.



Directors

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

Christopher O'Callaghan
John Denis O'Callaghan


The director shown below has held office during the period of
1 April 2023 to 19 February 2024

Simon Chris Pridham


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 December 2024

And signed on behalf of the board by:
Name: Christopher O'Callaghan
Status: Director

A2B ACTIVE SPORT CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 76,312 ) ( 18,585 )
Other operating income: 73,218 18,080
Operating profit(or loss): (3,094) (505)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 ( 221 )
Profit(or loss) before tax: (3,094) (726)
Tax: 0 0
Profit(or loss) for the financial year: (3,094) (726)

A2B ACTIVE SPORT CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 220 15,300
Cash at bank and in hand: 5,622 489
Investments:   0 0
Total current assets: 5,842 15,789
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 12,689 ) ( 18,302 )
Net current assets (liabilities): (6,847) (2,513)
Total assets less current liabilities: (6,847) ( 2,513)
Creditors: amounts falling due after more than one year: 5 ( 7,208 ) ( 8,448 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (14,055) (10,961)
Members' funds
Profit and loss account: (14,055) ( 10,961)
Total members' funds: ( 14,055) (10,961)

The notes form part of these financial statements

A2B ACTIVE SPORT 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 27 December 2024
and signed on behalf of the board by:

Name: Christopher O'Callaghan
Status: Director

The notes form part of these financial statements

A2B ACTIVE SPORT 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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Other accounting policies

    Going Concern The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

A2B ACTIVE SPORT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

A2B ACTIVE SPORT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 220 15,300
Total 220 15,300
Debtors due after more than one year: 0 0

A2B ACTIVE SPORT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 12,689 18,302
Total 12,689 18,302

A2B ACTIVE SPORT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 7,208 8,448
Total 7,208 8,448

COMMUNITY INTEREST ANNUAL REPORT

A2B ACTIVE SPORT CIC

Company Number: 08436694 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

A2B Active Sport CIC (A2B CIC) is an independent, not-for-profit community interest company, whose community exists in the larger Swansea Bay City Area from Bridgend to Carmarthen encompassing Neath Port Talbot at its centre and Swansea. As a catalyst for change, A2B CIC exists to inspire, enhance and present a greater range of high-quality educational opportunities, physical activities and sporting options in response to the needs of the community, in order to create learning and participation pathways that lead to rich, healthy and rewarding lifestyles which can be pursued throughout adult life. The company seeks to improve equality of opportunity by promoting skills development and supporting educational attainment. In doing so, it aims to enhance employability and increase life chances. The company’s objectives are to carry on activities that benefit its community, in particular but without limitation: - To support educational attainment To promote digital skills development that enhance employability. To improve the health, wellbeing and life chances of aspirants, through programmes of physical activity and sport. To assist social inclusion. To improve community cohesion. To develop new methods of inter-generational volunteering. To contribute socially, culturally and economically to its community. To become and remain a robust and sustainable organisation. To be continuously proactive in enriching the delivery of a high-quality service. To understand, measure and evaluate, through vigorous self-appraisal, the quality of our own work. A2B CIC’s Core Values include a strong sense of community; the provision of opportunity; empowerment through education; the acquisition of skills; respect for all; care for the most vulnerable and the pursuit of quality in everything that we do. In the above capacity, A2B CIC now operates as the Welsh agent for the Goods For Good Humanitarian Aid Charity (G4G) on whose behalf it is engaged in building a network of partner charities across Wales. Since December 2021, it has assisted Neath Port Talbot CBC, charitable organisations and sports clubs across the County Borough in supporting asylum seekers; Ukrainian refugees, the homeless, those schools and their pupils in areas of high deprivation that are economically disadvantaged, in data poverty or otherwise digitally excluded, with free digital access and high quality, branded goods and equipment. Through its own efforts, the support of the G4G charity and major organisations like Vodafone, Next, Marks & Spencer, Nike, New Balance, Harrods, Barbour etc, A2B CIC has distributed over £350,000 worth of aid to the above groups over the last 2 and a half years. Its contribution elsewhere has expanded over the past 12 months through the assistance of UK Shared Prosperity funding. The company has been successful in adding some localised sponsored warehousing and logistics support.. The financial year ending on the 31st March 2022 was a very challenging trading period, where the socio-economic consequences of the Covid-19 pandemic became all too evident; a lack of available grant funding restricted the company’s ability to deliver on its objectives. 2023/4 saw the company recover the momentum lost during lockdown and continue to strengthen its position across its community, particularly in Carmarthenshire, where it continues to deliver a highly innovative and ambitious, digitally led, sporting heritage and education project. Through proactive initiatives in Neath Port Talbot and the addition of new charity partners, the company has continued to supply goods, services and equipment to those in most need, helping alleviate data poverty, digital exclusion and disadvantage. With the resignation of one of its long standing Directors on 19/2/24, the company continues to seek committed Directors of quality and substance to strengthen its Board.

Consultation with stakeholders

During this period of trading, A2B Active Sport CIC’s stakeholders can be defined as the community from which we draw our resources. All our projects are determined by their needs and are formulated after discussion and consultation with them. Following consultation, the establishment of ‘need’ and the provision of feedback, A2B Active Sport CIC works to craft and design solutions that satisfy the ‘need’ expressed, for which it actively and con-tinuously seeks grant funding, sponsorship and support to finance its project work.

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
23 December 2024

And signed on behalf of the board by:
Name: Christopher O'CALLAGHAN
Status: Director