WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
10158145 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Directors' report period ended 31 May 2024

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

Principal activities of the company

The company's principal activity during the year continued to be to bring the community of Sale Moor together and improve the local area. Full information is in the Community Interest Company Report for the year.



Directors

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

Anna Bond
Laura Fenton


The director shown below has held office during the period of
1 June 2023 to 5 February 2024

James Eisen


The director shown below has held office during the period of
1 June 2023 to 17 January 2024

Joelene Smith


The director shown below has held office during the period of
17 January 2024 to 31 May 2024

Andrea Law


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
13 February 2025

And signed on behalf of the board by:
Name: Andrea Law
Status: Director

WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 4,603 147
Gross profit(or loss): 4,603 147
Administrative expenses: ( 1,755 ) ( 513 )
Operating profit(or loss): 2,848 (366)
Interest payable and similar charges: ( 1 )
Profit(or loss) before tax: 2,848 (367)
Tax: ( 519 )
Profit(or loss) for the financial year: 2,329 (367)

WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 0 331
Cash at bank and in hand: 4,996 3,783
Total current assets: 4,996 4,114
Creditors: amounts falling due within one year: 4 ( 769 ) ( 416 )
Net current assets (liabilities): 4,227 3,698
Total assets less current liabilities: 4,227 3,698
Creditors: amounts falling due after more than one year: 5 ( 1,800 )
Total net assets (liabilities): 4,227 1,898
Members' funds
Profit and loss account: 4,227 1,898
Total members' funds: 4,227 1,898

The notes form part of these financial statements

WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 May 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 13 February 2025
and signed on behalf of the board by:

Name: Andrea Law
Status: Director

The notes form part of these financial statements

WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes donations received through various sources.

    Other accounting policies

    Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

2024 2023
£ £
Other debtors 0 331
Total 0 331

WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 519 65
Other creditors 250 351
Total 769 416

WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due after more than one year note

  2023
  £
Other creditors 1,800
Total   1,800

COMMUNITY INTEREST ANNUAL REPORT

WE ARE SALE MOOR COMMUNITY INTEREST COMPANY

Company Number: 10158145 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Purpose of the Organisation: We Are Sale Moor CIC was founded by passionate residents within the local community who shared a collective vision: to foster a thriving, safe, and caring community that actively celebrates independent businesses while extending a warm welcome to all in Sale Moor Village. Our commitment to enhancing the quality of life for our residents and creating a sense of community cohesion is at the core of our organisation's purpose. Evolution of Our Fundraising Approach: Recognising the significant time and effort required for traditional fundraising activities, particularly during the busy Christmas period, we implemented a more sustainable and diversified fundraising strategy. The cornerstone of this approach was the establishment of the Sale Moor Village Lottery, operated through OneLottery, which provides a consistent funding stream throughout the year. Key Achievements During the Financial Year: Our multi-channel fundraising strategy has proven successful, comprising: - The Sale Moor Village Lottery, promoted through both social media and local leaflet distribution - Collection tins placed in village shops, offering a non-gambling alternative for community support - A dedicated Crowdfunder page facilitating online donations This comprehensive approach has yielded positive results, enabling us to: - Successfully fund and install the Christmas Lights, bringing festive cheer to Sale Moor Village - Refresh and maintain the Village Flower/Plant Troughs, enhanced by the dedicated efforts of our community volunteers - Foster continued community engagement and support through various contribution methods Looking Ahead: We Are Sale Moor CIC remains committed to our founding vision. The success of our diversified fundraising model demonstrates the strength of our community-centered approach. This sustainable framework positions us well for future initiatives while ensuring we can maintain and enhance the village's aesthetic appeal and festive celebrations. In conclusion, we are grateful for the community's enthusiastic response to our evolved fundraising strategy. The combination of regular lottery income, traditional collection tins, and online donations provides a robust foundation for our ongoing community enhancement efforts. We look forward to building upon these achievements and continuing to serve the Sale Moor Village community in the years ahead.

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
13 February 2025

And signed on behalf of the board by:
Name: Andrea Law
Status: Director