CLIMB HITCHIN CIC

Company Registration Number:
15001720 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 13 July 2023

End date: 31 July 2024

CLIMB HITCHIN CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

CLIMB HITCHIN CIC

Directors' report period ended 31 July 2024

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

Directors

The directors shown below have held office during the whole of the period from
13 July 2023 to 31 July 2024

B. Morgan-Gray
Mrs. H. K. Morgan-Gray


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
6 March 2025

And signed on behalf of the board by:
Name: B. Morgan-Gray
Status: Director

CLIMB HITCHIN CIC

Profit And Loss Account

for the Period Ended 31 July 2024

13 months to 31 July 2024


£
Turnover: 61,747
Cost of sales: ( 25,975 )
Gross profit(or loss): 35,772
Administrative expenses: ( 32,854 )
Other operating income: 500
Operating profit(or loss): 3,418
Profit(or loss) before tax: 3,418
Profit(or loss) for the financial year: 3,418

CLIMB HITCHIN CIC

Balance sheet

As at 31 July 2024

Notes 13 months to 31 July 2024


£
Fixed assets
Tangible assets: 3 6,035
Total fixed assets: 6,035
Current assets
Debtors: 4 400
Cash at bank and in hand: 12,974
Total current assets: 13,374
Creditors: amounts falling due within one year: 5 ( 6,236 )
Net current assets (liabilities): 7,138
Total assets less current liabilities: 13,173
Total net assets (liabilities): 13,173
Capital and reserves
Called up share capital: 100
Other reserves: 9,655
Profit and loss account: 3,418
Total Shareholders' funds: 13,173

The notes form part of these financial statements

CLIMB HITCHIN CIC

Balance sheet statements

For the year ending 31 July 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 6 March 2025
and signed on behalf of the board by:

Name: B. Morgan-Gray
Status: Director

The notes form part of these financial statements

CLIMB HITCHIN CIC

Notes to the Financial Statements

for the Period Ended 31 July 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.

    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. Plant & machinery - 25% on reducing balance.

    Other accounting policies

    Taxation Taxation for the period 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 tax liabilites are not discounted. Current tax is recognised at the amount of tax payable using 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 the finacial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period 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.

CLIMB HITCHIN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    13 months to 31 July 2024
    Average number of employees during the period 2

CLIMB HITCHIN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 8,046 8,046
Disposals
Revaluations
Transfers
At 31 July 2024 8,046 8,046
Depreciation
Charge for year 2,011 2,011
On disposals
Other adjustments
At 31 July 2024 2,011 2,011
Net book value
At 31 July 2024 6,035 6,035

CLIMB HITCHIN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

13 months to 31 July 2024
£
Trade debtors 400
Total 400

CLIMB HITCHIN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

13 months to 31 July 2024
£
Trade creditors 337
Other creditors 5,899
Total 6,236

COMMUNITY INTEREST ANNUAL REPORT

CLIMB HITCHIN CIC

Company Number: 15001720 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Climb Hitchin was developed out of a desire to provide access to climbing for the local community without a minimum of an hour and a half round trip (or more) to the nearest wall. Founded in March 2019 as volunteer led community group, we partnered with the Priory school (who had a wall but didn’t use it) and have slowly grown provision of services over time: Provision of the National Indoor Climbing Award Scheme (NICAS) to over 200 children per year. Taking people outdoor climbing both as an experience and developing lead climbing skills. Expansion of the wall in 2022 to increase capacity by over 50%. Recruitment and development (inc. national qualifications) of over 40 volunteer instructors. Our leadership, management and stewardship of the wall has significantly benefited other users such as the school, the scouts and the army cadets.

Consultation with stakeholders

The stakeholders of the wall are its instructors, its climbers and related users. We hold multiple formal and informal engagement points throughout the year. With instructor we meet to consult our Mission, Vision, Values, review the strategy for the prior year and for the future year. We have also had multiple surveys during the years covering both instructors and our community. We also have multiple meeting with the school. These all feed into changes to our service provision and use of instructors.

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
20 March 2025

And signed on behalf of the board by:
Name: B. Morgan-Gray
Status: Director