THE KIPTONS HUB CIC

Company limited by guarantee

Company Registration Number:
09015165 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

THE KIPTONS HUB CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE KIPTONS HUB CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,721 4,652
Total fixed assets: 3,721 4,652
Current assets
Cash at bank and in hand: 568 438
Total current assets: 568 438
Creditors: amounts falling due within one year: 4 ( 16,217 ) ( 15,624 )
Net current assets (liabilities): (15,649) (15,186)
Total assets less current liabilities: (11,928) ( 10,534)
Total net assets (liabilities): (11,928) (10,534)
Members' funds
Profit and loss account: (11,928) ( 10,534)
Total members' funds: ( 11,928) (10,534)

The notes form part of these financial statements

THE KIPTONS HUB CIC

Balance sheet statements

For the year ending 30 April 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 8 January 2025
and signed on behalf of the board by:

Name: Peter Harris
Status: Director

The notes form part of these financial statements

THE KIPTONS HUB CIC

Notes to the Financial Statements

for the Period Ended 30 April 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

THE KIPTONS HUB CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

THE KIPTONS HUB CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 11,698 3,900 15,598
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 11,698 3,900 15,598
Depreciation
At 1 May 2023 9,043 1,903 10,946
Charge for year 531 400 931
On disposals
Other adjustments
At 30 April 2024 9,574 2,303 11,877
Net book value
At 30 April 2024 2,124 1,597 3,721
At 30 April 2023 2,655 1,997 4,652

THE KIPTONS HUB CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 153
Accruals and deferred income 574 479
Other creditors 15,643 14,992
Total 16,217 15,624

COMMUNITY INTEREST ANNUAL REPORT

THE KIPTONS HUB CIC

Company Number: 09015165 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

The pub provides a meeting space and events to benefit a wide range of people within the local community. The events include bingos, quiz nights, pool and darts teams, sports tournaments, live music, discos, children’s entertainment. We also put on events for special occasions including a kids afternoon over Christmas where they could meet Santa, a Halloween party and summer fun events. On non-event nights we are a general social space for the residents to meet, drink and converse, battling isolation and depression in our rural community, as well as cutting down on drink-driving and the fuel consumption among our locals. All staff are voluntary, many are DBS checked, and we work with the local authorities to keep our community safe, reporting concerns and meeting regularly ourselves to make sure we are functioning legally and with all staff’s wellbeing supported.

Consultation with stakeholders

Volunteers have regular meetings to plan events. During these meeting we go through any legal requirements, ideas and make sure our volunteers are happy. They also have a chance to voice concerns and we take these very seriously. Anyone who is willing to give up their time to help our CIC and the community are the most important part of this enterprise. Customers are able to make suggestions, converse with staff and send messages to the landlord directly or through social media. Any suggestions are appreciated and will be put in where practical. Any issues are taken seriously and will be responded to depending on the nature and context of the complaint. So far there has been no major issues arising. A concern about parents drinking with children meant we enforced our rules about no children after 9pm more strictly. A subsequent request to put on more family orientated activities has resulted in 3 separate family events over the Christmas period to cater to these groups in a safe and welcoming manner.

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
8 January 2025

And signed on behalf of the board by:
Name: Peter Harris
Status: Director