RAINHAM COMMUNITY PROJECTS C.I.C.

Company limited by guarantee

Company Registration Number:
13919276 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

RAINHAM COMMUNITY PROJECTS C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

RAINHAM COMMUNITY PROJECTS C.I.C.

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

The principal activity of the company continued to be that of book sales

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

HB Mackay-Miller
A James


The director shown below has held office during the period of
1 March 2023 to 31 October 2023

GV Strudley


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
25 January 2025

And signed on behalf of the board by:
Name: HB Mackay-Miller
Status: Director

RAINHAM COMMUNITY PROJECTS C.I.C.

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 70,871 63,576
Cost of sales: ( 17,887 )
Gross profit(or loss): 52,984 63,576
Administrative expenses: ( 62,138 ) ( 53,995 )
Operating profit(or loss): (9,154) 9,581
Profit(or loss) before tax: (9,154) 9,581
Profit(or loss) for the financial year: (9,154) 9,581

RAINHAM COMMUNITY PROJECTS C.I.C.

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 16,606 25,160
Total current assets: 16,606 25,160
Creditors: amounts falling due within one year: 3 ( 16,179 ) ( 15,579 )
Net current assets (liabilities): 427 9,581
Total assets less current liabilities: 427 9,581
Total net assets (liabilities): 427 9,581
Members' funds
Profit and loss account: 427 9,581
Total members' funds: 427 9,581

The notes form part of these financial statements

RAINHAM COMMUNITY PROJECTS C.I.C.

Balance sheet statements

For the year ending 28 February 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 25 January 2025
and signed on behalf of the board by:

Name: HB Mackay-Miller
Status: Director

The notes form part of these financial statements

RAINHAM COMMUNITY PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 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

    Income and expenditure Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company cannot reclaim it.

RAINHAM COMMUNITY PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

RAINHAM COMMUNITY PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 16,179 15,579
Total 16,179 15,579

COMMUNITY INTEREST ANNUAL REPORT

RAINHAM COMMUNITY PROJECTS C.I.C.

Company Number: 13919276 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

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.

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
25 January 2025

And signed on behalf of the board by:
Name: HB Mackay Miller
Status: Director