CUMNOR PARISH NEWS CIC

Company limited by guarantee

Company Registration Number:
11961181 (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

CUMNOR PARISH NEWS CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

CUMNOR PARISH NEWS CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 34,480 42,387
Cost of sales: ( 30,540 ) ( 31,023 )
Gross profit(or loss): 3,940 11,364
Distribution costs: 0 0
Administrative expenses: ( 2,503 ) ( 2,775 )
Other operating income: 0 0
Operating profit(or loss): 1,437 8,589
Interest receivable and similar income: 595 0
Profit(or loss) before tax: 2,032 8,589
Tax: ( 386 ) ( 1,676 )
Profit(or loss) for the financial year: 1,646 6,913

CUMNOR PARISH NEWS CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1 1
Investments:   0 0
Total fixed assets: 1 1
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 45,421 44,984
Investments:   0 0
Total current assets: 45,421 44,984
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 3,782 ) ( 4,991 )
Net current assets (liabilities): 41,639 39,993
Total assets less current liabilities: 41,640 39,994
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 41,640 39,994
Members' funds
Profit and loss account: 41,640 39,994
Total members' funds: 41,640 39,994

The notes form part of these financial statements

CUMNOR PARISH NEWS 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.

This report was approved by the board of directors on 24 July 2024
and signed on behalf of the board by:

Name: Chris Evans
Status: Director

The notes form part of these financial statements

CUMNOR PARISH NEWS 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

    Turnover policy

    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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    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: Computer Equipment 33% Straight Line.

CUMNOR PARISH NEWS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

CUMNOR PARISH NEWS 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 699 699
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 699 699
Depreciation
At 1 May 2023 698 698
Charge for year
On disposals
Other adjustments
At 30 April 2024 698 698
Net book value
At 30 April 2024 1 1
At 30 April 2023 1 1

CUMNOR PARISH NEWS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 2,332 2,331
Taxation and social security 386 1,676
Accruals and deferred income 1,064 984
Total 3,782 4,991

COMMUNITY INTEREST ANNUAL REPORT

CUMNOR PARISH NEWS CIC

Company Number: 11961181 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

We have produced 10 copies per annum of the Cumnor Parish news as planned. The CPN contains adverts for local events, services and reports of local interest.

Consultation with stakeholders

We held an annual general meeting in August 2024 to consult with stakeholders. The 2023/2024 accounts were approved at the 1st August 2024 annual general meeting by the 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
13 July 2024

And signed on behalf of the board by:
Name: Malcolm S Fearn
Status: Director