COMMUNITY INTEREST LUTON CIC

Company limited by guarantee

Company Registration Number:
08545848 (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

COMMUNITY INTEREST LUTON CIC

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

COMMUNITY INTEREST LUTON CIC

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

Statement of Directors' Responsibilities The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small Company Rules This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.



Directors

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

Mostaque Koyes
Donna Dwyer
Aimee Clarke


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
25 February 2025

And signed on behalf of the board by:
Name: Mostaque Koyes
Status: Director

COMMUNITY INTEREST LUTON CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 294,402 287,526
Gross profit(or loss): 294,402 287,526
Administrative expenses: ( 287,429 ) ( 280,780 )
Operating profit(or loss): 6,973 6,746
Profit(or loss) before tax: 6,973 6,746
Tax: ( 1,720 ) ( 1,740 )
Profit(or loss) for the financial year: 5,253 5,006

COMMUNITY INTEREST LUTON CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 6,236 8,314
Total fixed assets: 6,236 8,314
Current assets
Debtors: 4 26,050
Cash at bank and in hand: 130,772 172,363
Total current assets: 156,822 172,363
Creditors: amounts falling due within one year: 5 ( 37,232 ) ( 49,425 )
Net current assets (liabilities): 119,590 122,938
Total assets less current liabilities: 125,826 131,252
Creditors: amounts falling due after more than one year: 6 ( 19,094 ) ( 29,773 )
Total net assets (liabilities): 106,732 101,479
Members' funds
Profit and loss account: 106,732 101,479
Total members' funds: 106,732 101,479

The notes form part of these financial statements

COMMUNITY INTEREST LUTON CIC

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: Mostaque Koyes
Status: Director

The notes form part of these financial statements

COMMUNITY INTEREST LUTON CIC

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 revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures & Fittings 25%

COMMUNITY INTEREST LUTON CIC

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

COMMUNITY INTEREST LUTON CIC

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 34,484 34,484
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 34,484 34,484
Depreciation
At 1 June 2023 26,170 26,170
Charge for year 2,078 2,078
On disposals
Other adjustments
At 31 May 2024 28,248 28,248
Net book value
At 31 May 2024 6,236 6,236
At 31 May 2023 8,314 8,314

COMMUNITY INTEREST LUTON CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Other debtors 26,050
Total 26,050

COMMUNITY INTEREST LUTON CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 33,060 27,513
Taxation and social security 1,720 4,499
Other creditors 2,452 17,413
Total 37,232 49,425

COMMUNITY INTEREST LUTON CIC

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
£ £
Bank loans and overdrafts 19,094 29,773
Total 19,094 29,773

COMMUNITY INTEREST ANNUAL REPORT

COMMUNITY INTEREST LUTON CIC

Company Number: 08545848 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Luton & Bedfordshire Community Awards: To recognise and reward individuals in the local community whether they are individuals or work voluntary, in the charity sector or in local businesses, the awards showcase those who have provided exceptional service to the community during the year. To raise charitable donation to a local charity. Providing sponsors, a channel to satisfy their CSR requirements. We were able to have more people attend this year compared to last year, everyone was happy to be able to celebrate the evening together. LET’S Hub provides 1-1 mentoring support to those who need help gaining skills or getting back into employment. We provide workshops which also help boost self-esteem and help gain life long skills.

Consultation with stakeholders

We work with a diverse range of partners including the local authority, schools, colleges, the university, voluntary & charity organisations, faith groups and the public sector including health and local media. Specific consultation in the form of questionnaires have been conducted through projects like the LETS Hub. Businesses, public sector representatives, training providers and clients provide feedback on sessions, workshops and much more. This helps to improve and change the projects to ensure that they are benefiting the community.

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: Mostaque Koyes
Status: Director