SHARED FUTURE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
06919338 (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

SHARED FUTURE 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

SHARED FUTURE 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 object is to carry on activities which benefit the community and in particular promote sustainable development for the benefit of the public by: a) The preservation, conservation and protection of the environment and the prudent use of resources. b)The relief of poverty and the improvement of the conditions of life in socially and economically disadvantaged communities. c) The promotion of sustainable means of achieving economic, environmental and individual wellbeing. This has been done by undertaking consultancy services and research into the needs of social enterprises and by offering information and support to public and civil socity organisations promoting social benefit or sustainable development. We have delivered a considerable quantity of pro-bono and free advice alongside our paid services in keeping with our objectives.



Directors

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

Jeremy Hall
Jayne McFadyen
Peter Bryant
Laurence Smith


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

Matthew MacDonald


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
7 December 2024

And signed on behalf of the board by:
Name: Jeremy Hall
Status: Director

SHARED FUTURE COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 259,951 299,066
Cost of sales: 0 0
Gross profit(or loss): 259,951 299,066
Administrative expenses: ( 260,105 ) ( 299,229 )
Operating profit(or loss): (154) (163)
Interest receivable and similar income: 240 170
Profit(or loss) before tax: 86 7
Tax: ( 26 ) ( 1 )
Profit(or loss) for the financial year: 60 6

SHARED FUTURE COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 9,965 0
Tangible assets: 4 266 0
Total fixed assets: 10,231 0
Current assets
Debtors: 5 265 28,314
Cash at bank and in hand: 71,457 170,065
Total current assets: 71,722 198,379
Creditors: amounts falling due within one year: 6 ( 76,083 ) ( 192,569 )
Net current assets (liabilities): (4,361) 5,810
Total assets less current liabilities: 5,870 5,810
Total net assets (liabilities): 5,870 5,810
Members' funds
Profit and loss account: 5,870 5,810
Total members' funds: 5,870 5,810

The notes form part of these financial statements

SHARED FUTURE 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 7 December 2024
and signed on behalf of the board by:

Name: Jeremy Hall
Status: Director

The notes form part of these financial statements

SHARED FUTURE 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

SHARED FUTURE 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 5 5

SHARED FUTURE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 June 2023 0 0 0
Additions 0 9,965 9,965
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 31 May 2024 0 9,965 9,965
Amortisation
At 1 June 2023 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 31 May 2024 0 0 0
Net book value
At 31 May 2024 0 9,965 9,965
At 31 May 2023 0 0 0

SHARED FUTURE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 443 443
Additions 319 319
Disposals
Revaluations
Transfers
At 31 May 2024 762 762
Depreciation
At 1 June 2023 443 443
Charge for year 53 53
On disposals
Other adjustments
At 31 May 2024 496 496
Net book value
At 31 May 2024 266 266
At 31 May 2023 0 0

SHARED FUTURE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors

2024 2023
£ £
Other debtors 265 28,314
Total 265 28,314

SHARED FUTURE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 264 42,460
Taxation and social security 2,378 23,827
Other creditors 73,441 126,282
Total 76,083 192,569

COMMUNITY INTEREST ANNUAL REPORT

SHARED FUTURE COMMUNITY INTEREST COMPANY

Company Number: 06919338 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The company's objective is to carry out activities which benefit the community and in particular promote sustainable development for the public by: a) The preservation, conservation and protection of the environment and the prudent use of resources b) The promotion of sustainable means of achieving economic, environmental and individual wellbeing. c) The relief of poverty and the improvement of the conditions of life in socially and eceonomically disadvantaged communities This has been done by undertaking consultancy services and research and by offering information and support to public and civil society organisations promoting social benefit or sustainable development. We have delivered a considerable amount of pro-bono and free advice alongside our paid services in keeping with our objectives.

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
7 December 2024

And signed on behalf of the board by:
Name: Jez Hall
Status: Director