QUEER & NOW CIC

Company limited by guarantee

Company Registration Number:
14869791 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 15 May 2023

End date: 31 May 2024

QUEER & NOW CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

QUEER & NOW CIC

Directors' report period ended 31 May 2024

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

Directors

The directors shown below have held office during the whole of the period from
15 May 2023 to 31 May 2024

Joe Lee
Henry George
Michael Salmon
Peter Andrew
Ashleigh Porter


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
14 December 2024

And signed on behalf of the board by:
Name: Joe Lee
Status: Director

QUEER & NOW CIC

Profit And Loss Account

for the Period Ended 31 May 2024

13 months to 31 May 2024


£
Turnover: 4,867
Gross profit(or loss): 4,867
Distribution costs: 0
Administrative expenses: ( 3,630 )
Operating profit(or loss): 1,237
Profit(or loss) before tax: 1,237
Tax: 0
Profit(or loss) for the financial year: 1,237

QUEER & NOW CIC

Balance sheet

As at 31 May 2024

Notes 13 months to 31 May 2024


£
Fixed assets
Intangible assets:   0
Tangible assets: 3 1,662
Total fixed assets: 1,662
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 575
Total current assets: 575
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 575
Total assets less current liabilities: 2,237
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: ( 1,000 )
Total net assets (liabilities): 1,237
Members' funds
Profit and loss account: 1,237
Total members' funds: 1,237

The notes form part of these financial statements

QUEER & NOW CIC

Balance sheet statements

For the year ending 31 May 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 14 December 2024
and signed on behalf of the board by:

Name: Joe Lee
Status: Director

The notes form part of these financial statements

QUEER & NOW CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

    2.2.Turnover 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, whether membership or donations. Sale of goods Turnover from the sale of goods generally refers to branded merchandise and is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has taken delivery of the goods. Membership fees Turnover relating to the £5 annual membership fee is recognised on receipt. There is no refund policy and at present no discount available. Donations Turnover relating to donations is recognised on receipt with the exception of donations provided for a specific purpose, in which case these donations are recognised by reference to the stage of completion of the contract or agreement. The stage of completion is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    2.3 Tangible Fixed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases Plant and Machinery 25pc on cost

QUEER & NOW CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

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

    3.Average Number of Employees All work is undertaken by volunteers. The average number of employees during the period was: NIL

QUEER & NOW CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 2,216 2,216
Disposals
Revaluations
Transfers
At 31 May 2024 2,216 2,216
Depreciation
Charge for year 554 554
On disposals
Other adjustments
At 31 May 2024 554 554
Net book value
At 31 May 2024 1,662 1,662

COMMUNITY INTEREST ANNUAL REPORT

QUEER & NOW CIC

Company Number: 14869791 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

In the year ended 31/05/2024 Queer & Now CIC put on 21 exclusive events for LGBTQ+ islanders and visitors allowing them to socialise in safe spaces across the Isle of Wight. Events were spread across the Island in Ryde, Newport, Sandown and Calbourne. Membership cards were introduced in August 2023 Queer & Now CIC promoted at both Isle of Wight Pride and Portsmouth Pride for maximum reach. Our aim to let folk know these spaces exist. Portsmouth Pride also promoted Queer & Now CIC on their main stage which led to new connections/opportunities to further support queer folk on the Isle of Wight in the coming year.

Consultation with stakeholders

The founders of Queer & Now CIC have sought feedback from group members. Members asked for events in the West Wight and the Sandown Bay area. - venues were found in both areas who were willing to provide exclusive access to members. Events were put on the following year. There is an active entertainment scene on the Island every weekend, Members asked Queer & Now CIC to put on exclusive events which also include entertainment. - entertainment is now included at Queer & Now CIC events at least 3 times a year.

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
14 December 2024

And signed on behalf of the board by:
Name: Joe Lee
Status: Director