for the Period Ended 31 March 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2024 | 15 months to 31 March 2023 | |
---|---|---|
|
£ |
£ |
Turnover: |
|
|
Cost of sales: |
(
|
(
|
Gross profit(or loss): |
|
|
Administrative expenses: |
(
|
(
|
Operating profit(or loss): |
|
( |
Profit(or loss) before tax: |
|
( |
Tax: |
(
|
|
Profit(or loss) for the financial year: |
|
( |
As at
Notes | 2024 | 15 months to 31 March 2023 | |
---|---|---|---|
|
£ |
£ |
|
Fixed assets | |||
Tangible assets: | 3 |
|
|
Total fixed assets: |
|
|
|
Current assets | |||
Debtors: | 4 |
|
|
Cash at bank and in hand: |
|
|
|
Total current assets: |
|
|
|
Creditors: amounts falling due within one year: | 5 |
(
|
(
|
Net current assets (liabilities): |
|
|
|
Total assets less current liabilities: |
|
|
|
Accruals and deferred income: |
(
|
(
|
|
Total net assets (liabilities): |
|
( |
|
Members' funds | |||
Profit and loss account: |
|
( |
|
Total members' funds: |
|
( |
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 31 March 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 March 2024
2024 | 15 months to 31 March 2023 | |
---|---|---|
Average number of employees during the period |
|
|
for the Period Ended 31 March 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2023 |
|
|
||||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 March 2024 |
|
|
||||
Depreciation | ||||||
At 1 April 2023 |
|
|
||||
Charge for year |
|
|
||||
On disposals | ||||||
Other adjustments | ||||||
At 31 March 2024 |
|
|
||||
Net book value | ||||||
At 31 March 2024 |
|
|
||||
At 31 March 2023 |
|
|
for the Period Ended 31 March 2024
2024 | 15 months to 31 March 2023 | |
---|---|---|
£ | £ | |
Other debtors |
|
|
Total |
|
|
for the Period Ended 31 March 2024
2024 | 15 months to 31 March 2023 | |
---|---|---|
£ | £ | |
Taxation and social security |
|
|
Other creditors |
|
|
Total |
|
|
The Company has continued to build on its provision of meeting spaces for other community groups in the area. We are monitoring the positive impacts of providing cheap access to these groups. The Company is developing its capacity as a Social Prescriber and educator. Our mission includes encouraging and coaching other people and groups to assist them to develop and fund projects and businesses locally. The Company organised again the Kennington Park Festival, which is getting larger each year. The Company is developing its Cafe function as a provision of a public space serving the community.
About 25 different groups have been running meetings and workshops in the Space. The Company always communicates with users and gets feedback. For example Southward Council did a series of workshops involving young black men, the overall feedback was very positive in terms of the space, facilities and value for money. There was filming involved at some points. The Active Communities network did a series of meetings and workshops and noted to the Company that this had resulted in positive outcomes for the individuals involved. The Latvian Cultural Centre has made used of the space for meetings and theatre rehearsals and has expressed satisfaction. The Southwark Black parents forum has used the space and this gas facilitated very beneficial discussions and an increase in Social awareness and cohesion.
The total amount receivable by Directors in respect of qualifying services was £19,000. 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.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
2 February 2025
And signed on behalf of the board by:
Name: Lindon Rankin
Status: Director