for the Period Ended 28 February 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 28 February 2024
Directors
The directors shown below have held office during the period of
17 January 2024
to
28 February 2024
The directors shown below have held office during the whole of the period from
17 February 2023
to
28 February 2024
The director shown below has held office during the period of
17 February 2023
to
17 February 2024
The director shown below has held office during the period of
17 February 2023
to
17 January 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | ||
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£ |
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Turnover: |
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Cost of sales: |
(
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
(
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | ||
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£ |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: | 3 |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 4 |
(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 28 February 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 28 February 2024
2024 | ||
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Average number of employees during the period |
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for the Period Ended 28 February 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
Additions |
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Disposals |
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Revaluations | ||||||
Transfers | ||||||
At 28 February 2024 |
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Depreciation | ||||||
Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 28 February 2024 |
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Net book value | ||||||
At 28 February 2024 |
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for the Period Ended 28 February 2024
2024 | ||
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£ | ||
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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CLWB IMY (Machynlleth Youth Club) was set up following Covid 19 and the subsequent lock downs that came after. Post lock down, the levels of antisocial behavior, vandalism and underage drinking increased massively in the town, it became a huge problem within the area. It's an area where most adults are earning the minimum wage and the majority of the work is seasonal. Transport links are poor and public services like many rural areas are underfunded. It was recognized that there was an urgent need for a safe space for the Young People of Machynlleth to meet, where they could develop a sense of ownership and a feeling of place. Some of the Young People that attend have very, very difficult home lives and we feel that we provide them with valuable time away from that environment. We now have over 200 Young people on our register. In the year 23-24 we has over 2000 contacts (number of times a young person accessed the service). The club runs on Tuesday evenings and we have a wide variety of activities on offer to suit a range of abilities.
No consultation with stakeholders
No remuneration was received
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: Ann MacGarry
Status: Director