APE PROJECT CIC

Company limited by guarantee

Company Registration Number:
07599236 (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

APE PROJECT 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

APE PROJECT 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 was the delivery of outreach play and arts activities at events, for schools and community groups



Directors

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

Sharon Benjamin


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

Eletter Ebengho


The director shown below has held office during the period of
1 April 2023 to 30 November 2023

Joanna Wells


The director shown below has held office during the period of
1 April 2023 to 1 September 2023

Gregory Henry


The director shown below has held office during the period of
1 April 2023 to 27 July 2023

Roselyn Swan-Ramgeet


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

Jacqueline Robinson


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
11 December 2024

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

APE PROJECT CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 80 57,439
Cost of sales: ( 47,759 ) ( 75,928 )
Gross profit(or loss): (47,679) (18,489)
Distribution costs: ( 215 ) ( 1,056 )
Administrative expenses: ( 222,696 ) ( 311,358 )
Other operating income: 296,211 301,021
Operating profit(or loss): 25,621 (29,882)
Profit(or loss) before tax: 25,621 (29,882)
Tax: 24
Profit(or loss) for the financial year: 25,621 (29,858)

APE PROJECT CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 53,041 59,599
Total fixed assets: 53,041 59,599
Current assets
Stocks: 4 3,575
Debtors: 5 6,373
Cash at bank and in hand: 4,013 38,251
Total current assets: 4,013 48,199
Creditors: amounts falling due within one year: 6 ( 9,359 ) ( 75,791 )
Net current assets (liabilities): (5,346) (27,592)
Total assets less current liabilities: 47,695 32,007
Creditors: amounts falling due after more than one year: 7 ( 49,666 ) ( 59,599 )
Total net assets (liabilities): (1,971) (27,592)
Members' funds
Profit and loss account: (1,971) ( 27,592)
Total members' funds: ( 1,971) (27,592)

The notes form part of these financial statements

APE PROJECT 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 11 December 2024
and signed on behalf of the board by:

Name: Sharon Benjamin
Status: Director

The notes form part of these financial statements

APE PROJECT 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 invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and Machinery 25percent Reducing Balance Fixtures and Fittings 10 Years Straight Line

    Other accounting policies

    Government grants Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred. Website cost Planning and operating costs for the company's website are charged to the income statement as incurred. Going Concern basis In the year, there have been significant changes to key management staff due to resignations. The company have received unrestricted Grant and donation in the year, hence no deferred grants as at 31st March 2024. The company is unable to meet some of its core cost i.e Insurance costs with additional financial support required from the city council. Staff wages were also unpaid as at 31 March 2024 which have now been recently settled at the time of preparing the accounts. Two of the company income streams from previous years, THE CAFE and the BIKE Shops were closed all through 2022/2023 and 2023/2024 reducing the level of income generated by the company. This cast doubt on its ability to continue as a going concern if funding opportunities falls. The newly appointed directors confirmed they received limited/incomprehensible hand over from the previous board of directors. The directors believe if employees/staff with the required skills can be recruited, the company will be well placed to manage its business risks successfully. However, at the time of finalizing the accounts, the Management intend to wind down the company and convert to a Charity

APE PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 20

APE PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 0 99,332 4,095 103,427
Additions 4,500 4,500
Disposals
Revaluations
Transfers
At 31 March 2024 4,500 99,332 4,095 107,927
Depreciation
At 1 April 2023 0 39,733 4,095 43,828
Charge for year 1,125 9,933 11,058
On disposals
Other adjustments
At 31 March 2024 1,125 49,666 4,095 54,886
Net book value
At 31 March 2024 3,375 49,666 0 53,041
At 31 March 2023 0 59,599 0 59,599

APE PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 3,575
Total   3,575

APE PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 6,373
Total   6,373

APE PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 6,743
Taxation and social security 2,490
Accruals and deferred income 1,984 1,236
Other creditors 7,375 65,322
Total 9,359 75,791

APE PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024 2023
£ £
Other creditors 49,666 59,599
Total 49,666 59,599

COMMUNITY INTEREST ANNUAL REPORT

APE PROJECT CIC

Company Number: 07599236 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

A.P.E. Project CIC ran open access play sessions targeted at 8-13 year olds, providing a space for children and young people to take risks and explore. During the Summer and Easter school holidays the project was part of Bristol City Council’s Holiday Activity Fund programme providing open access play sessions every afternoon during the week as well as occasional trips to places of interest. The project also provided healthy meals to children and young people eligible for free school meals. In addition, A.P.E. Project CIC ran sessions a week for children and young people with special educational needs or a disability (SEND), providing a safe space for them, their parents or carers to enjoy the facilities of the playground. The play sessions included workshops in a range of activities including cookery, arts and crafts, sporting activities, and gardening. A.P.E. Project CIC also managed the Children’s Bike Exchange, a bike workshop at the playground that offered sales and servicing of bikes for local people and a unique service that allowed local families to bring in a children’s bike and upgrade to a larger one. The playground was closed at the end of December 2023 due to some of the directors of the CIC leaving and a director and group of volunteers are currently trying to get it going again.

Consultation with stakeholders

The stakeholders to the St Agnes Adventure Playground CIO are the residents of St Pauls and its neighbouring areas, St. Agnes church, and the people and organisations who access the playground activities. Other stakeholders include children, families and individuals of the wider Bristol area who access any SEND play sessions, workshops, training, etc at the playground. Consultation with the stakeholders has taken place through community meetings, individual discussions and feedback forms. It is planned that this process will continue to gain valuable feedback to improve activities offered. Examples of consultation are as follows: The CIO Trustees and team have close connections to the St Pauls community. Users of the playground complete feedback forms. Regular focus group sessions with children and young people to enable them to talk about what they like about the playground and to listen to how they think it could be improved. Monitoring and evaluations for funded projects enables feedback from users. Suggestion box for users to provide ideas for improvements Organisational stakeholders include partner organisations based or working in St Pauls, and citywide networks providing similar services. Consultation with these stakeholders enables the team to learn about examples of ‘good practice’ as well as help identify new funding opportunities. The feedback from the stakeholders has enabled the formulation of a plan that is aiming to meet the needs of the community and look to be inspirational going forward.

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
11 December 2024

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