LOWESTOFT TIME BANK CIC

Company limited by guarantee

Company Registration Number:
14806795 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 17 April 2023

End date: 30 April 2024

LOWESTOFT TIME BANK CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Community Interest Report

LOWESTOFT TIME BANK CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

Facilitating exchanges between members - 1 hour of time given, 1 hour of time received Creating and running group projects aimed at solution to issues within the community.



Directors

The director shown below has held office during the whole of the period from
17 April 2023 to 30 April 2024

Michele Blatchford


The director shown below has held office during the period of
13 December 2023 to 30 April 2024

Leanna Romano


The director shown below has held office during the period of
12 December 2023 to 30 April 2024

Samantha Coe


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
4 January 2025

And signed on behalf of the board by:
Name: Leanna Romano
Status: Director

LOWESTOFT TIME BANK CIC

Balance sheet

As at 30 April 2024

Notes 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 5,506
Investments:   0
Total current assets: 5,506
Net current assets (liabilities): 5,506
Total assets less current liabilities: 5,506
Total net assets (liabilities): 5,506
Members' funds
Profit and loss account: 5,506
Total members' funds: 5,506

The notes form part of these financial statements

LOWESTOFT TIME BANK 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 4 January 2025
and signed on behalf of the board by:

Name: Leanna Romano
Status: Director

The notes form part of these financial statements

LOWESTOFT TIME BANK 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

LOWESTOFT TIME BANK CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

LOWESTOFT TIME BANK CIC

Company Number: 14806795 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

We created 15 community litter picking groups, in the local community & on a variety of our beaches, working in partnership with the Marine Conservation Society. We worked with many people dealing with loneliness, isolation, anxiety/depression. Coming together with others in the community was inspiring. We also worked with several local service providers of care for young adults with physical & mental disabilities, creating group activities within the community. For example, wellbeing of the sea with Lowestoft Community Hub. We created gardening groups, helping local residents with their gardens, helping create new community gardens (eg old hospital). This helped all involved feel integrated into our community & felt they we doing something worthwhile. It also gave those who received help the support they needed. We created from Pots to Plants where we mentored people, providing all plants & equipment, to grow their own food for the first time. This created a great group where people shared their successes & failures, giving people so much more confidence & excited to grow more. We facilitated over 560 hours of exchanges between our members in the community, from gardening, logo design & painting to mental health training & companionship

Consultation with stakeholders

No consultation with stakeholders

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
4 January 2025

And signed on behalf of the board by:
Name: Michele Blatchford
Status: Director