GRASSROOTS POWER CIC

Company Registration Number:
10059430 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

GRASSROOTS POWER CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GRASSROOTS POWER CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 62,794 45,688
Cash at bank and in hand: 3,635 500
Investments:   0 0
Total current assets: 66,429 46,188
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 68,887 ) ( 27,093 )
Net current assets (liabilities): (2,458) 19,095
Total assets less current liabilities: (2,458) 19,095
Creditors: amounts falling due after more than one year: 5 ( 55,554 ) ( 58,437 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (58,012) (39,342)
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (58,112 ) (39,442 )
Total Shareholders' funds: ( 58,012 ) (39,342)

The notes form part of these financial statements

GRASSROOTS POWER CIC

Balance sheet statements

For the year ending 31 March 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 10 March 2025
and signed on behalf of the board by:

Name: Mr H Riste
Status: Director

The notes form part of these financial statements

GRASSROOTS POWER CIC

Notes to the Financial Statements

for the Period Ended 31 March 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, excluding discounts, rebates, value added tax and other sales taxes.

    Other accounting policies

    Taxation: Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. 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. Going concern: The financial statements have been prepared on a going concern basis which assumes the continued support from the director, Mr H Riste.

GRASSROOTS POWER CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

GRASSROOTS POWER CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

2024 2023
£ £
Trade debtors 1,701 20,584
Other debtors 61,093 25,104
Total 62,794 45,688

GRASSROOTS POWER CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 9,114 9,114
Trade creditors 48,034 15,615
Taxation and social security 0 1,504
Other creditors 11,739 860
Total 68,887 27,093

GRASSROOTS POWER CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024 2023
£ £
Bank loans and overdrafts 30,535 33,418
Other creditors 25,019 25,019
Total 55,554 58,437

COMMUNITY INTEREST ANNUAL REPORT

GRASSROOTS POWER CIC

Company Number: 10059430 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

This company offers services and support to community sports clubs and sports governing bodies at local and national level. The services offered by Grassroots Power CIC are specifically designed to support community sports clubs in becoming financially and environmentally sustainable enabling them to improve and maintain their facilities, develop their links with the local community and where possible to create job opportunities within GRP and sport in general for local ex-service personnel or those who are considered deprived or excluded from society. Grassroots Power CIC was launched in March 2016 and during the financial year 2023/24, the company’s activities have benefitted the community in the following ways: Provided subsidised light level testing services (required bi-annually by The FA from community football clubs to allow them to play football under floodlights) to all community sports clubs in Partnership League making this service affordable and accessible and relieving some of the financial burden on community sports clubs in the South West. Provided advice, support and grant funding services to community sports clubs who needed to upgrade their sports facilities but did not have the financial capacity to achieve this without additional funds. Grassroots Power’s funding team helped these clubs access available grant funds to enable essential works and improvements to be undertaken which as increased participation in sports within this communities. A pilot was launched offering affordable maintenance services to community sports clubs enabling them to undertake necessary repairs to ensure the safety, wellbeing and enjoyment of their community members. The technical maintenance and services needed to deliver this work has been provided by Grassroots Power CIC via our connections with suitably qualified ex-services personnel. This pilot has proved successful and there are now plans in place to expand and further develop these services. During 2024 the company is now partnering with the FA and further extending our support for football clubs in the community.

Consultation with stakeholders

The company’s stakeholders at this time are the community sports clubs, local and national governing bodies within sport and the local schools that we are working with across the UK. All our stakeholders are focussed on improving facilities and increasing community participation within sport. When we start working with any stakeholder we meet with them to discuss their needs, their objectives within their community and to explore where there are potential opportunities for us to develop our proposition. We are always talking to our stakeholders and proactively looking for opportunities to understand their needs and how we can expand/improve our services to better meet their needs and the needs of the wider community, we do this via a number of initiatives: We speak to and ultimately meet every club that we work with which enables us to understand their club, their challenges and what is important within their community because the people that we meet are from that community. This enables us to continually review and develop new products and services which benefit sport and the community in general. Attending board/committee meetings to listen and understand the challenges being faced by that club and community via their membership. Upon completion of any job we specifically ask for feedback on how we performed. This is followed-up with a call to ensure we continue to improve and develop. Feedback from our stakeholders has proved invaluable for us as a business, it has led to the development of 2 specific services over this past year, both of which have been very successful. We are looking as some other opportunities for stakeholder engagement going forward which will enable us to build on this success. We see the engagement of our stakeholders as critical the ongoing development of the Grassroots Power CIC business model.

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
25 February 2025

And signed on behalf of the board by:
Name: Mr H Riste
Status: Director