4THEREGION CIC

Company Registration Number:
11144737 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

4THEREGION CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

4THEREGION CIC

Directors' report period ended 31 January 2024

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

Directors

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

Dawn Lyle
Zoe Antrobus


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
29 January 2025

And signed on behalf of the board by:
Name: Dawn Lyle
Status: Director

4THEREGION CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 285,030 271,058
Cost of sales: ( 98,282 ) ( 64,221 )
Gross profit(or loss): 186,748 206,837
Administrative expenses: ( 186,861 ) ( 206,433 )
Operating profit(or loss): (113) 404
Interest payable and similar charges: ( 11 ) ( 3 )
Profit(or loss) before tax: (124) 401
Profit(or loss) for the financial year: (124) 401

4THEREGION CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,083 1,889
Total fixed assets: 1,083 1,889
Current assets
Debtors: 4 21,575 42,214
Cash at bank and in hand: 100,290 106,921
Total current assets: 121,865 149,135
Creditors: amounts falling due within one year: 5 ( 122,879 ) ( 150,831 )
Net current assets (liabilities): (1,014) (1,696)
Total assets less current liabilities: 69 193
Total net assets (liabilities): 69 193
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (31 ) 93
Total Shareholders' funds: 69 193

The notes form part of these financial statements

4THEREGION CIC

Balance sheet statements

For the year ending 31 January 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 29 January 2025
and signed on behalf of the board by:

Name: Dawn Lyle
Status: Director

The notes form part of these financial statements

4THEREGION CIC

Notes to the Financial Statements

for the Period Ended 31 January 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

    Tangible fixed assets depreciation policy

    Fixtures & Fittings : 25% Straight Line

4THEREGION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 6

4THEREGION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 3,519 3,519
Additions
Disposals
Revaluations
Transfers
At 31 January 2024 3,519 3,519
Depreciation
At 1 February 2023 1,630 1,630
Charge for year 806 806
On disposals
Other adjustments
At 31 January 2024 2,436 2,436
Net book value
At 31 January 2024 1,083 1,083
At 31 January 2023 1,889 1,889

4THEREGION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Trade debtors 18,735 40,963
Other debtors 2,840 1,251
Total 21,575 42,214

4THEREGION CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 3,922 3,162
Taxation and social security 8,527 13,485
Other creditors 110,430 134,184
Total 122,879 150,831

COMMUNITY INTEREST ANNUAL REPORT

4THEREGION CIC

Company Number: 11144737 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

4theRegion is dedicated to creating positive social impact by addressing economic, social, and environmental challenges in a collaborative, place-based way: working together, for the region. In 2023, we continued to deliver measurable social value through our programmes and initiatives, contributing to a happier, healthier South West Wales with a thriving economy. Regional Events and Conversations We hosted a wide range of events to connect regional businesses, community groups, and organisations, fostering collaboration and co-creation. These events provided spaces for dialogue on key topics such as the green economy, food systems, transport, and construction. Outcome: Increased connections among stakeholders and a deeper collective understanding of social value priorities at the local and regional level. Empowering Young People Through our initiatives, we engaged young people across South West Wales, providing opportunities to develop skills, build confidence, and access meaningful employment. By amplifying their voices and creating pathways to opportunity, we supported the next generation to play an active role in shaping the region's future. Outcome: Improved access to skills and jobs, and enhanced wellbeing and confidence among young people. Strengthening Local Supply Chains We worked to strengthen the local economy by promoting regional sourcing and facilitating connections between local businesses and suppliers. These efforts contributed to retaining more wealth within the region and increased opportunities for local enterprises. Outcome: Greater economic resilience, increased self-reliance for South West Wales, and stronger local supply chains. Community-Led and Environmental Initiatives We supported communities to lead on initiatives that enhance local wellbeing and sustainability. This included delivering projects such as Bwyd Abertawe (Swansea Food) and NPT Food (Neath Port Talbot Food), where we facilitated funding for community food-growing initiatives, provided guidance to schools on creating sustainable growing sites, and worked to relocalise food supply chains. Outcome: Empowered communities, enhanced sustainability, and increased resilience for future generations. Promoting Sustainable Travel Through our Community Rail Partnership, South West Wales Connected, we delivered the Community Changemakers Fund, which awarded £20,000 to support 25 community-led projects. These initiatives promoted sustainable travel, strengthened community ties, and encouraged greater use of public transport. Outcome: Stronger, more sustainable communities and increased awareness of sustainable travel options. Measuring Social Value Our commitment to transparency and accountability includes collecting data on participant engagement, attitudes, and actions, alongside gathering case studies and testimonials to demonstrate our work's outcomes. This helps us continuously review and improve our programmes to ensure they align with our objectives and those of our members. Alignment with the Wellbeing of Future Generations Act Our activities actively contribute to the seven wellbeing goals for Wales by promoting local sourcing, community empowerment, sustainability, and resilience. In doing so, we help South West Wales become a globally responsible region with a vibrant economy and cohesive, thriving communities.

Consultation with stakeholders

Our stakeholders include our growing membership of 160 regional SMEs, 10 regional partner organisations, and people in communities across Swansea, Carmarthenshire, Neath Port Talbot, and Pembrokeshire. In 2023, we continued to prioritise active collaboration and engagement to ensure that our work aligns with the needs and aspirations of the communities and organisations we serve. Throughout the year, our online co-production events provided inclusive opportunities for stakeholders to contribute ideas, shape plans, and co-create projects to be delivered collaboratively over the coming year. These events were designed to ensure diverse participation, representing the vibrant and varied communities of South West Wales. In June 2023, we hosted our Annual General Meeting (AGM) with members, where we collectively reviewed our achievements and worked together to establish our strategic priorities for the year ahead. This session enabled members to voice their perspectives, ensuring that our initiatives reflect the shared vision of our stakeholders. As we look ahead, we remain dedicated to fostering sustainable growth, innovation, and resilience in South West Wales by working closely with all our stakeholders. By maintaining open channels for feedback and collaboration, we aim to continue creating meaningful social, economic, and environmental value for the region.

Directors' remuneration

Director's remuneration totalled £51,717 during the period.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: DAWN LYLE
Status: Director