SPREAD UR WINGS C.I.C.

Company limited by guarantee

Company Registration Number:
11943761 (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

SPREAD UR WINGS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

SPREAD UR WINGS C.I.C.

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

Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Jo'An Annette Coward
Elinor Yansen


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
16 January 2025

And signed on behalf of the board by:
Name: Jo'An Annette Coward
Status: Director

SPREAD UR WINGS C.I.C.

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 15,343 7,290
Cost of sales: ( 9,218 ) ( 4,540 )
Gross profit(or loss): 6,125 2,750
Administrative expenses: ( 3,882 ) ( 2,467 )
Operating profit(or loss): 2,243 283
Profit(or loss) before tax: 2,243 283
Profit(or loss) for the financial year: 2,243 283

SPREAD UR WINGS C.I.C.

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 532 591
Total fixed assets: 532 591
Current assets
Cash at bank and in hand: 54 87
Total current assets: 54 87
Creditors: amounts falling due within one year: 4 ( 2,212 ) ( 4,547 )
Net current assets (liabilities): (2,158) (4,460)
Total assets less current liabilities: (1,626) ( 3,869)
Total net assets (liabilities): (1,626) (3,869)
Members' funds
Profit and loss account: (1,626) ( 3,869)
Total members' funds: ( 1,626) (3,869)

The notes form part of these financial statements

SPREAD UR WINGS C.I.C.

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.

This report was approved by the board of directors on 16 January 2025
and signed on behalf of the board by:

Name: Jo'An Annette Coward
Status: Director

The notes form part of these financial statements

SPREAD UR WINGS C.I.C.

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 Financial Reporting Standard 101

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows: Fixtures, fittings and equipment: 10% reducing balance method.

SPREAD UR WINGS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

SPREAD UR WINGS C.I.C.

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 657 657
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 657 657
Depreciation
At 1 May 2023 66 66
Charge for year 59 59
On disposals
Other adjustments
At 30 April 2024 125 125
Net book value
At 30 April 2024 532 532
At 30 April 2023 591 591

SPREAD UR WINGS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 1,124 1,410
Other creditors 1,088 3,137
Total 2,212 4,547

COMMUNITY INTEREST ANNUAL REPORT

SPREAD UR WINGS C.I.C.

Company Number: 11943761 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

In the financial year, Spread Your Wings CIC has made significant contributions to the community by enhancing access to diverse sports and recreation programs, promoting physical health and teamwork among participants. The cultural education initiatives have fostered a deeper appreciation for local traditions and diversity, creating a more inclusive environment for residents. Additionally, the various educational support services have equipped individuals with essential skills and knowledge, addressing gaps in traditional education. By organizing workshops and events, the organization has also strengthened community bonds and encouraged collaboration among different groups. Overall, the company’s activities have not only enriched personal development but have also contributed to the social and cultural vitality of the community.

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
16 January 2025

And signed on behalf of the board by:
Name: Jo'An Annette Coward
Status: Director