REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Company limited by guarantee

Company Registration Number:
10951737 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Directors' report period ended 31 August 2024

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

Principal activities of the company

The principal activity of the company throughout the year was to facilitate interaction activities within the community.



Directors

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

Deborah Anne Broad
Paul William Broad
Aiden Lee Johns
Justin Lee Thomas


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: Paul William Broad
Status: Director

REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 7,658 7,297
Cost of sales: ( 4,487 ) ( 2,452 )
Gross profit(or loss): 3,171 4,845
Administrative expenses: ( 4,232 ) ( 4,845 )
Operating profit(or loss): (1,061) 0
Profit(or loss) before tax: (1,061) 0
Profit(or loss) for the financial year: (1,061) 0

REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 4,242 5,303
Total fixed assets: 4,242 5,303
Current assets
Debtors: 4 110 144
Cash at bank and in hand: 20,703 23,094
Total current assets: 20,813 23,238
Creditors: amounts falling due within one year: 5 ( 14,092 ) ( 16,517 )
Net current assets (liabilities): 6,721 6,721
Total assets less current liabilities: 10,963 12,024
Total net assets (liabilities): 10,963 12,024
Members' funds
Profit and loss account: 10,963 12,024
Total members' funds: 10,963 12,024

The notes form part of these financial statements

REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Balance sheet statements

For the year ending 31 August 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: Paul William Broad
Status: Director

The notes form part of these financial statements

REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 August 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 represents net invoiced sales of goods and services, excluding value added tax.

    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. Office Equipment 20% on reducing balance rules Plant and Machinery 20% on reducing balance rules

    Intangible fixed assets amortisation policy

    Amortization is provided on all intangible assets over 6 years

REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 1,280 524 3,499 5,303
Additions
Disposals
Revaluations
Transfers
At 31 August 2024 1,280 524 3,499 5,303
Depreciation
At 1 September 2023 0 0 0 0
Charge for year 256 105 700 1,061
On disposals
Other adjustments
At 31 August 2024 256 105 700 1,061
Net book value
At 31 August 2024 1,024 419 2,799 4,242
At 31 August 2023 1,280 524 3,499 5,303

REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 110 144
Total 110 144

REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 14,092 16,517
Total 14,092 16,517

COMMUNITY INTEREST ANNUAL REPORT

REDRUTH HIGHWAY COMMUNITY PROJECT CIC

Company Number: 10951737 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Redruth Highway Community Project 2023/2024: Sept 2023 Macmillan coffee morning Nov 2023 Supported Poppy Appeal Nov 2023: Xmas Craft Fayre at Hub 6th Dec 2023: Community festive lunch at penventon park hotel Dec 9th 2023: Exeter Xmas shopper coach trip March 2024: Community Easter Tea Party July 2024: River Fal river cruise & community cream tea at Green Bank Hotel Plus building a fantastic community spirit and a safe warm space at our weekly coffee mornings. Monthly Bingo sessions and we have two snooker teams promoting team bonding and camaraderie. All in all a very successful year.

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: Mr Paul Broad
Status: Director