CLWB IMY CIC

Company limited by guarantee

Company Registration Number:
14670685 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 17 February 2023

End date: 28 February 2024

CLWB IMY CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

CLWB IMY CIC

Directors' report period ended 28 February 2024

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

Ann MacGarry
Jayne Hopkins


The directors shown below have held office during the whole of the period from
17 February 2023 to 28 February 2024

Sarah Wilson
Elen chick


The director shown below has held office during the period of
17 February 2023 to 17 February 2024

Nicola Dearling


The director shown below has held office during the period of
17 February 2023 to 17 January 2024

Shaun David Brown


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
25 February 2025

And signed on behalf of the board by:
Name: Ann MacGarry
Status: Director

CLWB IMY CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024


£
Turnover: 25,937
Cost of sales: ( 14,423 )
Gross profit(or loss): 11,514
Distribution costs: 0
Administrative expenses: ( 8,647 )
Other operating income: 350
Operating profit(or loss): 3,217
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 3,217
Tax: 0
Profit(or loss) for the financial year: 3,217

CLWB IMY CIC

Balance sheet

As at 28 February 2024

Notes 2024


£
Fixed assets
Intangible assets:   0
Tangible assets: 3 1,144
Investments:   0
Total fixed assets: 1,144
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 31,625
Investments:   0
Total current assets: 31,625
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 4 ( 29,552 )
Net current assets (liabilities): 2,073
Total assets less current liabilities: 3,217
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 3,217
Members' funds
Profit and loss account: 3,217
Total members' funds: 3,217

The notes form part of these financial statements

CLWB IMY CIC

Balance sheet statements

For the year ending 28 February 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 25 February 2025
and signed on behalf of the board by:

Name: Ann MacGarry
Status: Director

The notes form part of these financial statements

CLWB IMY CIC

Notes to the Financial Statements

for the Period Ended 28 February 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 VAT. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Fixtures and fittings 25% reducing balance.

CLWB IMY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

CLWB IMY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1,525 1,525
Disposals 0 0
Revaluations
Transfers
At 28 February 2024 1,525 1,525
Depreciation
Charge for year 381 381
On disposals
Other adjustments
At 28 February 2024 381 381
Net book value
At 28 February 2024 1,144 1,144

CLWB IMY CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 29,552
Other creditors 0
Total 29,552

COMMUNITY INTEREST ANNUAL REPORT

CLWB IMY CIC

Company Number: 14670685 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

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.

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
25 February 2025

And signed on behalf of the board by:
Name: Ann MacGarry
Status: Director