EXPERIENCE CAMBRIDGE CIC

Company limited by guarantee

Company Registration Number:
15400339 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 9 January 2024

End date: 31 January 2025

EXPERIENCE CAMBRIDGE CIC

Contents of the Financial Statements

for the Period Ended 31 January 2025

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

EXPERIENCE CAMBRIDGE CIC

Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Directors

The director shown below has held office during the period of
26 September 2024 to 31 January 2025

Elizabeth Camilla Nathan


The directors shown below have held office during the whole of the period from
9 January 2024 to 31 January 2025

Elliot James Daniel Harris
Simon John Pickering


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
10 March 2025

And signed on behalf of the board by:
Name: Elliot James Daniel Harris
Status: Director

EXPERIENCE CAMBRIDGE CIC

Profit And Loss Account

for the Period Ended 31 January 2025

13 months to 31 January 2025


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: ( 6,165 )
Other operating income: 0
Operating profit(or loss): (6,165)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (6,165)
Tax: 0
Profit(or loss) for the financial year: (6,165)

EXPERIENCE CAMBRIDGE CIC

Balance sheet

As at 31 January 2025

Notes 13 months to 31 January 2025


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 14,962
Investments:   0
Total current assets: 14,962
Prepayments and accrued income: 123
Creditors: amounts falling due within one year: 3 ( 21,250 )
Net current assets (liabilities): (6,165)
Total assets less current liabilities: (6,165)
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (6,165)
Members' funds
Profit and loss account: (6,165)
Total members' funds: ( 6,165)

The notes form part of these financial statements

EXPERIENCE CAMBRIDGE CIC

Balance sheet statements

For the year ending 31 January 2025 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 10 March 2025
and signed on behalf of the board by:

Name: Elliot James Daniel Harris
Status: Director

The notes form part of these financial statements

EXPERIENCE CAMBRIDGE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 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.

    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.

    Other accounting policies

    Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 taxDeferred 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.

EXPERIENCE CAMBRIDGE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    13 months to 31 January 2025
    Average number of employees during the period 0

EXPERIENCE CAMBRIDGE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Creditors: amounts falling due within one year note

13 months to 31 January 2025
£
Accruals and deferred income 21,250
Total 21,250

COMMUNITY INTEREST ANNUAL REPORT

EXPERIENCE CAMBRIDGE CIC

Company Number: 15400339 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

The company has been preparing to launch a project in April 2025 providing employment opportunities for people with experience of homelessness in Cambridge. The project will employ several people as tour guides in 2025 and beyond, providing supportive flexible employment, income and improving mental health and housing outcomes. From registration to 31st January 2025 the company has completed the following activities: Consulted potential beneficiaries and partners Secured initial grant funding for 2025 Researched and drawn up policies, procedures, business model and projected management accounts Recruited 3rd company director and trained directors Secured partnership agreement with key partner Jimmy’s Cambridge (local night shelter and hostel and largest local homeless support provider) to collaborate on recruitment and support for beneficiaries Secured support and funding from Cambridge City Council (in partnership with Jimmys Cambridge) Prepared digital assets As of 31st January 2025 the company is on track to commence project operations and achieve intended community impact in the next financial year.

Consultation with stakeholders

Stakeholders: Organisational partners Jimmy’s (largest local temporary accommodation and homeless support provider) Multiple meetings resulting in partnership agreement to collaborate on recruitment and support for beneficiaries. Place on stakeholder panel. Cambridge Cyrenians (local temporary accommodation and homeless support provider) Meetings to gain advice and insights. Planned partnership agreement place on stakeholder panel in mid/late-2025. Cambridge City Council Homelessness Services Meetings, agreed funding, collaboration, and place on stakeholder panel. Placing project within the wider local Homes2Work programme. Beneficiaries Informal conversations with potential beneficiaries Project startup in March will involve 1 month period of recruited beneficiaries co-creating products and activity schedules.

Directors' remuneration

The total value of directors' remuneration is £5,000.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 February 2025

And signed on behalf of the board by:
Name: Elliot Harris
Status: Director