RARE SPECIES C.I.C.

Company limited by guarantee

Company Registration Number:
11392460 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

RARE SPECIES C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

RARE SPECIES C.I.C.

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

Rare Species CIC is a theatre company formed to provide comic theatrical interventions focused on health and wellbeing outcomes. The Company remains committed to providing the community with a place to support their mental & Physical health and bring happiness, fun and respite in a challenging world.



Directors

The director shown below has held office during the whole of the period from
1 July 2023 to 30 June 2024

Virginia Adams


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
21 February 2025

And signed on behalf of the board by:
Name: Virginia Adams
Status: Director

RARE SPECIES C.I.C.

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 25,420 41,707
Cost of sales: ( 34,609 ) ( 34,671 )
Gross profit(or loss): (9,189) 7,036
Administrative expenses: ( 6,686 ) ( 5,552 )
Operating profit(or loss): (15,875) 1,484
Profit(or loss) before tax: (15,875) 1,484
Tax: 3,110 ( 288 )
Profit(or loss) for the financial year: (12,765) 1,196

RARE SPECIES C.I.C.

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 4,604 2,703
Total fixed assets: 4,604 2,703
Current assets
Debtors: 4 2,859
Cash at bank and in hand: 6,202 217
Total current assets: 9,061 217
Creditors: amounts falling due within one year: 5 ( 24,986 ) ( 1,225 )
Net current assets (liabilities): (15,925) (1,008)
Total assets less current liabilities: (11,321) 1,695
Provision for liabilities: ( 251 )
Total net assets (liabilities): (11,321) 1,444
Members' funds
Profit and loss account: (11,321) 1,444
Total members' funds: ( 11,321) 1,444

The notes form part of these financial statements

RARE SPECIES C.I.C.

Balance sheet statements

For the year ending 30 June 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 21 February 2025
and signed on behalf of the board by:

Name: Virginia Adams
Status: Director

The notes form part of these financial statements

RARE SPECIES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

    Other accounting policies

    Accounting policies Basis of preparation The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). At 30th June 2024 the company had net liabilities of £11,321. The company is reliant on the continued support of the directors. The directors have confirmed their support to the company. On the above basis the accounts the directors consider that the accounts should be prepared on a going concern basis. Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

RARE SPECIES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

RARE SPECIES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 5,126 5,126
Additions 2,609 2,609
Disposals
Revaluations
Transfers
At 30 June 2024 7,735 7,735
Depreciation
At 1 July 2023 2,423 2,423
Charge for year 708 708
On disposals
Other adjustments
At 30 June 2024 3,131 3,131
Net book value
At 30 June 2024 4,604 4,604
At 30 June 2023 2,703 2,703

RARE SPECIES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Other debtors 2,859
Total 2,859

RARE SPECIES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 650
Other creditors 24,986 575
Total 24,986 1,225

COMMUNITY INTEREST ANNUAL REPORT

RARE SPECIES C.I.C.

Company Number: 11392460 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Rare Species CIC Company report 2023/24 Rare Species CIC is a theatre company formed to provide comic theatrical interventions focused on health and wellbeing outcomes. The company has developed a unique fitness class “Mojo Moves” which combines comedy with an authentic aerobic workout to improve physical and mental health amongst its participants; which range from primary aged children to retirees (our eldest participant is 86). Our weekly services also cater and are appropriate (with some adaptations) for those with life limiting illness and wheelchair users with extremely restricted mobility. It is led by larger-than-life characters Cheryl Sprinkler & Tony DiMonte aka performers Ginny Adams (Full Time) & Neil Fowler (Part Time) who also has a long term health condition and is an ideal way to let go of the stress and strain of daily life through the use of movement, dancing, singing and a collective joyful experience. “Mojo Moves” has developed into its own sub-brand with website www.mojomoves.co.uk. During the sixth year of trading, the Company continued to run regular weekly exercise classes in person and continued free seated workouts online. An excellent year for grants 2023/24 saw another National Lottery grant (£19,975), a grant from Sport England (£12,620) and one from Somerset Community Foundation (£3000) meant they were able to continue deliver specialist seated workouts for adults with long term health conditions such as MS, and also run weekly sessions for adults with learning disabilities such as autism and down syndrome and their support teams. A good relationship with Frome Town Council continues with the Big walk & Wheel and us hosting a series of “Walking Buses” to encourage families to leave their cars at home on the school run and were engaged to defuse negative reception to the government introduced “Safer Streets” traffic calming scheme. The company still has freedom to host outdoor classes in any of the open spaces in the town of which there are many and varied (Parks, meadows, woods) and put on a series of festival style silent discos in the meadow for the community to enjoy. The company is running more walking tours in their home town of Frome in Somerset and has been able to purchase a mobility scooter (funded by the National Lottery) for company member N. Fowler to enable him to continue to be a part of performances despite limited mobility as well as invest in better publicity and equipment to enable them to create more of their own costumes and props. With an excellent reputation for a fun approach to encouraging exercise, the company continues to run sessions in schools, special schools and well-being sessions for staff and corporate events. We have worked with the Frome town Council, Frome Festival, Mells & Beckington, Trinity, Avanti and Critchill schools, Newbridge school, Babington House, Lufton College, the NHS, Frome Birth Talk, Frome Pride, Frome Kindness Festival, Frome Independent Market, Open Storytellers, Discovery, Bristol Roller Derby and Longleat amongst others. The Company remains committed to providing the community with a place to support their mental & Physical health and bring happiness, fun and respite in a challenging world.

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
21 February 2025

And signed on behalf of the board by:
Name: Virginia Adams
Status: Director