HACKNEY OUTDOORS CIC

Company limited by guarantee

Company Registration Number:
13513016 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

HACKNEY OUTDOORS CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

HACKNEY OUTDOORS CIC

Directors' report period ended 31 July 2024

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

Directors

The director shown below has held office during the whole of the period from
1 August 2023 to 31 July 2024

NINA LOVELACE


The director shown below has held office during the period of
1 February 2024 to 31 July 2024

SAMUEL ALASTAIR MCLELLAN


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
23 January 2025

And signed on behalf of the board by:
Name: NINA LOVELACE
Status: Director

HACKNEY OUTDOORS CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 16,279 2,395
Cost of sales: ( 2,889 ) ( 1,455 )
Gross profit(or loss): 13,390 940
Distribution costs: 0 0
Administrative expenses: ( 12,523 ) ( 1,691 )
Other operating income: 0 194
Operating profit(or loss): 867 (557)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 ( 2 )
Profit(or loss) before tax: 867 (559)
Tax: 0 ( 7 )
Profit(or loss) for the financial year: 867 (566)

HACKNEY OUTDOORS CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 5,458 204
Investments:   0 0
Total current assets: 5,458 204
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 4,987 ) ( 600 )
Net current assets (liabilities): 471 (396)
Total assets less current liabilities: 471 ( 396)
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): 471 (396)
Members' funds
Profit and loss account: 471 ( 396)
Total members' funds: 471 (396)

The notes form part of these financial statements

HACKNEY OUTDOORS CIC

Balance sheet statements

For the year ending 31 July 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 23 January 2025
and signed on behalf of the board by:

Name: NINA LOVELACE
Status: Director

The notes form part of these financial statements

HACKNEY OUTDOORS CIC

Notes to the Financial Statements

for the Period Ended 31 July 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 represents fees received from the provision of outdoor activity services and other related activities.

    Other accounting policies

    Basis of Preparation of Financial Statements The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

HACKNEY OUTDOORS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 1

HACKNEY OUTDOORS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 900 600
Other creditors 4,087 0
Total 4,987 600

COMMUNITY INTEREST ANNUAL REPORT

HACKNEY OUTDOORS CIC

Company Number: 13513016 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Hackney Outdoors CIC started to re-nature school playgrounds in 2023/2024 at no cost to help improve sites for our paid for outdoor learning offer, which is mainly after school clubs and daytime sessions. We worked with a local primary school for 430 children in Stoke Newington, Hackney, to help them raise 16,000 pounds for improvements, and then planning and delivering the change on site using corporate volunteers and experts. By the end of July we had raised the money and started to transform the space, by removing and recycling 165m2 of plastic astroturf and putting in the foundations and soil for a new outdoor shelter, planting area, nature play area and new habitats. We also started to work formally with corporates who help fund the CIC to provide free re-naturing consultancy and project management to William Patten and other London schools, as part of their payment to use for arranging and running nature based volunteering days. Many corporates give employees 2-4 volunteer days a year to use and have corporate social responsibility budgets to spend with organisations such as mine who can supply interesting and locally beneficial volunteering experiences. We have also run other events such as nature walks and parties, though these are paid for and also help fund our core renaturing services to schools

Consultation with stakeholders

Our main stakeholders are now the schools in which we work, and also our corporate volunteer clients which included Colt Technology Ltd in this financial year. We do informal consultation with the senior leadership teams in our schools, for example working with them to raise money and plan changes to their sites, and with our corporates, for example understanding what types of outdoor volunteering they want to do and matching them to the right school to ensure both volunteers and schools are receiving benefits. From this consultation we have set up repeatable systems which mean we aim to scale the number of schools and corporates we work with in the next financial year.

Directors' remuneration

Directors' remuneration of £5,625 was paid in the year to 31 July 2024

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 January 2025

And signed on behalf of the board by:
Name: Nina Lovelace
Status: Director