COMBE VALLEY COUNTRYSIDE PARK COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
09605173 (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

COMBE VALLEY COUNTRYSIDE PARK 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

COMBE VALLEY COUNTRYSIDE PARK 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 principal activity of the company in the year under review was that of delivering a Discovery Centre, a building based upon the philosophy of recycling and reuse providing basic facilities and information about a local park, and the operation of a Cafe.



Directors

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

Peter Hunnisett
Peter Clarke
Matthew Beaver
Geoff Thomas
Hazel Timpe
Henry Worssam
Anthony Collins


The directors shown below have held office during the period of
1 June 2023 to 24 April 2024

Jay Brewerton
Stuart Ramsbottom


The director shown below has held office during the period of
12 September 2023 to 31 May 2024

Charles Pearce


The director shown below has held office during the period of
25 August 2023 to 31 May 2024

Rhianna Dumelow


Secretary Stuart Harrison

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
26 February 2025

And signed on behalf of the board by:
Name: Matthew Beaver
Status: Director

COMBE VALLEY COUNTRYSIDE PARK COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 65,043 127,480
Cost of sales: ( 48 )
Gross profit(or loss): 65,043 127,432
Administrative expenses: ( 65,116 ) ( 127,578 )
Operating profit(or loss): (73) (146)
Interest receivable and similar income: 580 178
Profit(or loss) before tax: 507 32
Profit(or loss) for the financial year: 507 32

COMBE VALLEY COUNTRYSIDE PARK COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 149,617 156,861
Total fixed assets: 149,617 156,861
Current assets
Debtors: 4 678 9,625
Cash at bank and in hand: 207,630 346,379
Total current assets: 208,308 356,004
Creditors: amounts falling due within one year: 5 ( 108,555 ) ( 209,914 )
Net current assets (liabilities): 99,753 146,090
Total assets less current liabilities: 249,370 302,951
Creditors: amounts falling due after more than one year: 6 ( 256,750 ) ( 310,838 )
Total net assets (liabilities): (7,380) (7,887)
Members' funds
Profit and loss account: (7,380) ( 7,887)
Total members' funds: ( 7,380) (7,887)

The notes form part of these financial statements

COMBE VALLEY COUNTRYSIDE PARK 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 26 February 2025
and signed on behalf of the board by:

Name: Matthew Beaver
Status: Director

The notes form part of these financial statements

COMBE VALLEY COUNTRYSIDE PARK 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 comprised of grant income received and recognised within the terms of the grant agreement and takings from the operation of a cafe

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Land & buildings - Straight line over 30 years Fixtures and fittings - 20% on reducing balance

    Other accounting policies

    Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 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.

COMBE VALLEY COUNTRYSIDE PARK 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

COMBE VALLEY COUNTRYSIDE PARK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 201,062 12,920 213,982
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 201,062 12,920 213,982
Depreciation
At 1 June 2023 46,910 10,211 57,121
Charge for year 6,702 542 7,244
On disposals
Other adjustments
At 31 May 2024 53,612 10,753 64,365
Net book value
At 31 May 2024 147,450 2,167 149,617
At 31 May 2023 154,152 2,709 156,861

COMBE VALLEY COUNTRYSIDE PARK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 678 9,625
Total 678 9,625

COMBE VALLEY COUNTRYSIDE PARK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 1,168 2,049
Other creditors 107,387 207,865
Total 108,555 209,914

COMBE VALLEY COUNTRYSIDE PARK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

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

2024 2023
£ £
Other creditors 256,750 310,838
Total 256,750 310,838

COMMUNITY INTEREST ANNUAL REPORT

COMBE VALLEY COUNTRYSIDE PARK COMMUNITY INTEREST COMPANY

Company Number: 09605173 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

2024 saw the continuation of the ‘Green Recovery’ legacy programme funded by a range of local and national partners. This saw community engagement activities, events and volunteering as well as an educational programme for local schools. We have also continued work in collaboration with the Friends of Combe Valley on the community garden space which has enabled nature-based events and activities such as inclusive gardening, improved events/education space, enhanced biodiversity features, a native tree nursery and other physical improvements to take place. We carried out an extensive Biodiversity Net Gain (BNG) assessment of the park to explore its potential for BNG unit generation. This was explored in more depth within the Upper Wilting Farm area (land owned by Hasting Borough Council) and a management plan created that, subject to verification could see BNG units sold and funding generated ring-fenced to the park. We also carried out an extensive carp removal programme across several of the park watercourses, and started to create a series of booklets on nature for park users.

Consultation with stakeholders

The Combe Valley Countryside Park CIC was formed in July 2015 and the Board is made up of members of the Public, Local Councillors, Landowners and Local Businesses. The Board holds regular, quarterly meetings where decisions affecting the Combe Valley Countryside Park, and the Discovery Centre are agreed. An active Friends of Combe Valley was established and is engaged in the Board, project development & fundraising; and undertaking vital volunteering work across the Combe Valley Countryside Park. Thanks to dedicated voluntary support, the CIC continues to communicate its activities via Website and Facebook pages, along with social media for its projects. Since the planning and feasibility of the park was first undertaken in 2014 there has been broader consultation undertaken. During 2019/20 the CIC embarked on a process to develop a 5 year activation and fundraising plan, over 780 community survey responses were received; more than 25 stakeholders engaged and over 130 problem and opportunity areas identified. This led to a prioritisation plan for project development for the 5 years through to 2025. With the overarching strategy agreed the focus has been on the development of project activity and fundraising. In addition, the CIC has established a wider Stakeholder Forum, a Farmers Forum to engage with local farming landowners and tenants and attends the Combe Haven subgroup of organisations focused on environmental conservation and enhancements

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
26 February 2025

And signed on behalf of the board by:
Name: Matthew Beaver
Status: Director