for the Period Ended 28 February 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 28 February 2024
Principal activities of the company
Additional information
The company continues to publish the monthly magazine “Action Forum”, distributed free to over 20,000 homes in the area. Its benefits were set out in the last report. Also in our last report we stated that we were holding funds for repairs and refurbishments to our buildings. These have been completed and the costs are shown in our accounts for the year. Halfway through the year our manager who had kept the shop open with limited staff when allowed during the pandemic had to resign for health reasons. His replacement supervised the completion of the refurbishment and greatly improving the shop sales , the results of which will show in the next report. Unfortunately we have to report a serious problem with Medway Council’s rates department. When we told them in 2022 we had taken over the bookshop from the church to continue raising money for the church, they sent us invoices for the rates but without any charity discount. When I rang to query this I was told we needed to fill in an application for it. This took more than a month to arrive but it was 2022 when most offices were on reduced staff or working from home so we were not surprised. Then before we had a chance to fill in the form we received a Court Summons for the outstanding rates. We contacted the rates department and received the reply “I can confirm all recovery has been removed”. Shortly after the form was submitted and the charity discount was confirmed. Then on 20th January 2023 Rundles Bailiffs turned up and closed the shop until we paid them all the rates outstanding without any charity discount plus their fees. We have contacted Medway Rates numerous times but they are insisting they followed correct procedure and so these extra costs have been included in this Report.
Directors
The directors shown below have held office during the whole of the period from
1 March 2023
to
28 February 2024
The director shown below has held office during the period of
1 March 2023
to
31 October 2023
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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£ |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 3 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 28 February 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 28 February 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 28 February 2024
2024 | 2023 | |
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£ | £ | |
Other creditors |
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Total |
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The company continues to publish the monthly magazine "Action Forum", distributed free to over 20,000 homes in the area. Its benefits were set out in the last report. Also in our last report we stated that we were holding funds for repairs and refurbishments to our buildings. These have been completed and the costs are shown in our accounts for the year.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
25 January 2025
And signed on behalf of the board by:
Name: HB Mackay Miller
Status: Director