for the Period Ended 31 March 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 31 March 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 April 2023
to
31 March 2024
The director shown below has held office during the period of
1 April 2023
to
19 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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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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(
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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 | |||
Intangible assets: |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 3 |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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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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Creditors: amounts falling due after more than one year: | 5 |
(
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(
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Provision for liabilities: |
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Accruals and deferred income: |
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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 31 March 2024
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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Debtors due after more than one year: |
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for the Period Ended 31 March 2024
2024 | 2023 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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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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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Other creditors |
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Total |
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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.
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.
No remuneration was received
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