PROGRESSUS COMMUNITY CIC

Company limited by guarantee

Company Registration Number:
14689757 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 27 February 2023

End date: 31 March 2024

PROGRESSUS COMMUNITY CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

PROGRESSUS COMMUNITY CIC

Directors' report period ended 31 March 2024

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

Directors

The director shown below has held office during the period of
15 August 2023 to 31 March 2024

M Marshall


The directors shown below have held office during the whole of the period from
27 February 2023 to 31 March 2024

J Lowe
R Keane


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
27 November 2024

And signed on behalf of the board by:
Name: J Lowe
Status: Director

PROGRESSUS COMMUNITY CIC

Profit And Loss Account

for the Period Ended 31 March 2024

13 months to 31 March 2024


£
Turnover: 4,170
Cost of sales: ( 500 )
Gross profit(or loss): 3,670
Administrative expenses: ( 3,713 )
Operating profit(or loss): (43)
Profit(or loss) before tax: (43)
Profit(or loss) for the financial year: (43)

PROGRESSUS COMMUNITY CIC

Balance sheet

As at 31 March 2024

Notes 13 months to 31 March 2024


£
Current assets
Debtors: 3 2,077
Cash at bank and in hand: 2,181
Total current assets: 4,258
Creditors: amounts falling due within one year: 4 ( 4,301 )
Net current assets (liabilities): (43)
Total assets less current liabilities: (43)
Total net assets (liabilities): (43)
Members' funds
Profit and loss account: (43)
Total members' funds: ( 43)

The notes form part of these financial statements

PROGRESSUS COMMUNITY CIC

Balance sheet statements

For the year ending 31 March 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 27 November 2024
and signed on behalf of the board by:

Name: J Lowe
Status: Director

The notes form part of these financial statements

PROGRESSUS COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 31 March 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 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. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

PROGRESSUS COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    13 months to 31 March 2024
    Average number of employees during the period 0

PROGRESSUS COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

13 months to 31 March 2024
£
Trade debtors 1,800
Prepayments and accrued income 277
Total 2,077

PROGRESSUS COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

13 months to 31 March 2024
£
Trade creditors 101
Accruals and deferred income 2,345
Other creditors 1,855
Total 4,301

COMMUNITY INTEREST ANNUAL REPORT

PROGRESSUS COMMUNITY CIC

Company Number: 14689757 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The description below outlines the company’s activities and impact in the first 12 months of trading. Progressus Community CIC was established in February 2023 to offer a range of community and online group activities, providing opportunity for change. Year 1 income has been solely generated via traded income and the company has not received any public/third sector funding. In year 1 we have delivered the following community programmes: September 2023 – a community based 5 Ways to Well-being activity. 20 people of all ages participated in a community walk and litter pick. The 5 ways to well-being were intrinsically built into the community activity, bringing the community the benefit of October 2023 – Feb 2024 – online community group participated in accredited online parenting programme, endorsed by the family courts and services supporting children. This programme supported 5 participants, and subsequently improved outcomes for 10 children. January 2024 – May 2024 – online community group participated in accredited online parenting programme, endorsed by the family courts and services supporting children. This programme supported 8 participants, and subsequently improved outcomes for 12 children.

Consultation with stakeholders

The company stakeholders are varied. The communities we serve are widespread as we deliver the main body of our services within the online community. We have engaged with stakeholders across the whole of England who have participated in our programme offer. We have also engaged with, and delivered services directly within the community of Houlton, Rugby. Stakeholders consist of members of the public accessing our services, professionals from the legal sector who refer people to our programme offer, professionals from social care who refer people to our programme offer, people of all ages in the Houlton community.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £500. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 November 2024

And signed on behalf of the board by:
Name: J Lowe
Status: Director