for the Period Ended 31 May 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 May 2024
Directors
The directors shown below have held office during the whole of the period from
1 January 2023
to
31 May 2024
The director shown below has held office during the period of
6 July 2023
to
31 May 2024
The director shown below has held office during the period of
12 January 2023
to
31 May 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
17 months to 31 May 2024 | 2022 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
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Administrative expenses: |
(
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(
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Operating profit(or loss): |
( |
( |
Interest receivable and similar income: |
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Profit(or loss) before tax: |
( |
( |
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 17 months to 31 May 2024 | 2022 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Stocks: | 4 |
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Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
( |
( |
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Total net assets (liabilities): |
( |
( |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
( |
( |
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Total Shareholders' 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 May 2024
Basis of measurement and preparation
for the Period Ended 31 May 2024
17 months to 31 May 2024 | 2022 | |
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Average number of employees during the period |
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for the Period Ended 31 May 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 May 2024 |
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Depreciation | ||||||
At 1 January 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 May 2024 |
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Net book value | ||||||
At 31 May 2024 |
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At 31 December 2022 |
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for the Period Ended 31 May 2024
17 months to 31 May 2024 | 2022 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 31 May 2024
17 months to 31 May 2024 | 2022 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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Debtors due after more than one year: |
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for the Period Ended 31 May 2024
17 months to 31 May 2024 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts |
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Trade creditors |
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Other creditors |
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Total |
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Nantporth CIC operates Bangor City Stadium, a community hub that provides a space for sporting, corporate, and community activities. Over the past financial year, the stadium has significantly benefited the local community in the following ways: Sports & Health Development: Provided facilities for local football teams, grassroots training, and sports leagues, encouraging physical activity and youth engagement in sports. Community Events: Hosted a range of charity matches, fundraisers, workshops, and public events, fostering inclusivity and supporting local causes. Business & Networking Opportunities: Offered venue rental services for corporate events, networking sessions, and business gatherings, supporting local businesses. Youth & Education: Launched skills-development workshops and training programmes in sports management and hospitality to provide employment opportunities. Social Inclusion: Ensured accessibility for all community members, including those with disabilities, and created safe spaces for social and recreational activities. Economic Impact: Provided employment opportunities to local staff and engaged with local suppliers for food, beverages, and event services. Nantporth CIC’s mission is to enhance community engagement, promote physical and mental well-being, and maintain financial sustainability while reinvesting in local projects
The key stakeholders of Nantporth CIC include: Local sports teams & grassroots football clubs Residents & businesses in Bangor and surrounding areas Visitors attending events at the stadium Local schools, charities, and community organisations Sponsors and event partners Consultation & Engagement: Regular community meetings and surveys have been conducted to gather feedback from local residents, businesses, and sports clubs. Attendees of sports and community events are encouraged to share feedback online forms. Nantporth CIC maintains an open dialogue with stakeholders through its website, social media platforms, and in-person interactions. Input from sponsors and business partners has shaped corporate event offerings, improving engagement opportunities for local enterprises. Actions Taken in Response to Stakeholder Feedback: Expanded sports training programmes based on demand from youth teams and coaches. Introduced more affordable pitch hire rates to make facilities more accessible to smaller community teams. Increased event variety, including family fun days, music events, and mental health awareness initiatives. Improved accessibility by enhancing facilities for individuals with disabilities.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
25 February 2025
And signed on behalf of the board by:
Name: Richard Bennett
Status: Director