THE DESIGN CABIN COMMUNITY C.I.C.

Company limited by guarantee

Company Registration Number:
12628300 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

THE DESIGN CABIN COMMUNITY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

THE DESIGN CABIN COMMUNITY C.I.C.

Directors' report period ended 31 May 2024

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

Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 May 2024

James Arthur Edmunds


The director shown below has held office during the period of
1 June 2023 to 7 February 2024

Oyindamola Omotoyindo Olagunju


The director shown below has held office during the period of
7 February 2024 to 31 May 2024

Sara May Andre


The director shown below has held office during the period of
3 November 2023 to 31 May 2024

Dominic Nathan Reed


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
17 March 2025

And signed on behalf of the board by:
Name: James Arthur Edmunds
Status: Director

THE DESIGN CABIN COMMUNITY C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 52,815 26,411
Cost of sales: ( 6,461 ) ( 2,870 )
Gross profit(or loss): 46,354 23,541
Administrative expenses: ( 40,649 ) ( 16,587 )
Operating profit(or loss): 5,705 6,954
Profit(or loss) before tax: 5,705 6,954
Tax: ( 1,321 ) ( 1,144 )
Profit(or loss) for the financial year: 4,384 5,810

THE DESIGN CABIN COMMUNITY C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 12,976 6,795
Total fixed assets: 12,976 6,795
Current assets
Debtors: 4 4,200
Cash at bank and in hand: 32,909 23,618
Total current assets: 37,109 23,618
Prepayments and accrued income: 1,137 864
Creditors: amounts falling due within one year: 5 ( 2,992 ) ( 2,719 )
Net current assets (liabilities): 35,254 21,763
Total assets less current liabilities: 48,230 28,558
Provision for liabilities: ( 2,173 ) ( 852 )
Accruals and deferred income: ( 35,362 ) ( 21,395 )
Total net assets (liabilities): 10,695 6,311
Members' funds
Profit and loss account: 10,695 6,311
Total members' funds: 10,695 6,311

The notes form part of these financial statements

THE DESIGN CABIN COMMUNITY C.I.C.

Balance sheet statements

For the year ending 31 May 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 17 March 2025
and signed on behalf of the board by:

Name: James Arthur Edmunds
Status: Director

The notes form part of these financial statements

THE DESIGN CABIN COMMUNITY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 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 for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

    Intangible fixed assets amortisation policy

    Plant and machinery: 33.33% straight line Office equipment: 33.33% straight line

    Valuation information and policy

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets. The financial statements are prepared in sterling, which is the functional currency of the company.

    Other accounting policies

    Current tax Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

THE DESIGN CABIN COMMUNITY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 2

THE DESIGN CABIN COMMUNITY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 11,430 365 11,795
Additions 8,231 1,773 10,004
Disposals
Revaluations
Transfers
At 31 May 2024 19,661 2,138 21,799
Depreciation
At 1 June 2023 4,899 101 5,000
Charge for year 3,128 695 3,823
On disposals
Other adjustments
At 31 May 2024 8,027 796 8,823
Net book value
At 31 May 2024 11,634 1,342 12,976
At 31 May 2023 6,531 264 6,795

THE DESIGN CABIN COMMUNITY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 4,200
Total 4,200

THE DESIGN CABIN COMMUNITY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 946 555
Taxation and social security 156 105
Other creditors 1,890 2,059
Total 2,992 2,719

COMMUNITY INTEREST ANNUAL REPORT

THE DESIGN CABIN COMMUNITY C.I.C.

Company Number: 12628300 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The Design Cabin Community C.I.C is a social enterprise dedicated to empowering individuals under the age of 30 in the fields of design, technology, business, and self-expression. Our efforts focus on building local wealth, developing individual skills, and creating local entrepreneurial opportunities. The financial year from June 2023 to May 2024 marked a period of substantial growth and increased community engagement for our company. We initiated several projects and programs aimed at promoting local commerce, supporting micro-businesses, and enhancing community well-being. Key Projects and Events Make Your Market We launched the "Make Your Market" initiative in both Rochford and Castle Point, creating vibrant market spaces that provided invaluable trading opportunities for local micro-businesses. The Castle Point initiative started with much fanfare in August 2023, followed by the Rochford market in September, rebranding the former Teenage Market. These events were instrumental in supporting numerous traders and performers, offering them a platform to showcase their products and talents. The continued development of Make Your Markets was funded by the UK Government, Rochford District Council, Brentwood Borough Council, and Essex County Council. Pop-Up Events Our pop-up events, particularly the one during the Rayleigh Lights Switch On in November, supported six micro-businesses. The December pop-up at Rochford Christmas Festival further solidified our commitment to the local economy. The company held a Christmas themed market called ‘The Elves Cabin’ which enabled 25 micro-businesses and three performers to interact with over 500 visitors. Newham Wellness In June 2023, we initiated self-defence classes, targeting diverse groups, including men, boys, women, and girls. These classes were well-received, with 43 participants benefiting from enhanced personal safety skills. Newham Wellness project delivered a community garden in Beckton Allotments, London Borough of Newham, supports 40 residents with fresh produce and provides a safe space for gardening and wellness conversations. In January 2024 the Newham Wellness project was concluded. Newham Wellness later became its own company Scope 3 Circular Economy LTD. Southend Pride Participation July saw our active participation in Southend Pride, where our innovative use of cargo bikes as parade floats highlighted our creativity and community spirit. Safe Sport International Conference We hosted the Safe Sport International Conference in September 2023. This significant conference held across 3 floors with 5 break out rooms that attracted over 200 delegates across 27 countries, showcasing our capacity to organize large-scale, impactful gatherings. Big Up Southend In January 2024, we began managing Big Up Southend independently, a monthly makers market at Victoria Shopping Centre. This ensured its continuity and aimed to boost shopping centre footfall and support local businesses. From June 23 to May 24, Big Up Southend offered 219 trading opportunities. Community Impact and Recognition Our various initiatives greatly benefited the local community by providing numerous trading opportunities, fostering small business growth, and enhancing community engagement. In March 2024, our efforts were recognised when we were nominated for the Community Impact Award at Rochford District Council's Business Awards. Additionally, our "Make Your Market", was awarded Start-Up Business of the Year 2024, successfully supporting 93 traders, 6 venues and 2,100 community members. Financial Support We secured £28,408 in funding from the UK Shared Prosperity Fund (UKSPF), administered by Rochford District Council, to deliver a series of seven events across the district. The company received £6,776 from Essex County Council for Make Your Market, Castle Point. Two rounds of funding from the UK Shared Prosperity Fund (UKSPF) through Rochford District Council were secured: £14,983.80 for Make Your Market projects and £28,408 for a series of seven events in 2024 and 2025. This funding was essential to expand our reach and impact. The company also continued to develop its own revenue streams by including services such as event management, equipment rental, and event revenue generation. Challenges and Partnerships We faced challenges, such as the unsuccessful bid for the Tate Institute and the end of the expression of interest process for Mill Hall. After the expression of interest process lasting over 12 months, the Company estimates that this equates to a loss of resources equating to £25,000. Despite these setbacks, we remained resilient and continued to seek new opportunities for growth and collaboration. Our partnerships with organisations like Culture Engine, Cinema Next, the British Film Institute, and National Theatre Live were vital in our efforts to promote cultural and community development. Next year, we aim to invest in culture, heritage, and community development, while opening an office in Rochford District and managing cultural, historical, and community buildings. In summary, the financial year 2023-2024 was marked by significant achievements and contributions to the community. Our projects not only supported local businesses but also fostered a sense of community through various events and initiatives. We are proud of our accomplishments and remain committed to continuing our positive impact in the years to come. Other Highlights - University of East London 125-Year Celebration (January 2024): - Our founder, James Edmunds, was recognized for his social entrepreneurship during the university's 125-year celebrations. - Speaking at Ambitious Young People in Essex (January 2024) - Our founder shared his experience. - Executive Director James Edmunds spoke on reflecting on personal and business journeys.

Consultation with stakeholders

Stakeholders - Rochford District Council - Rochford Parish Council - Essex County Council - Victoria Shopping Centre - Southend City Council - Uttlesford District Council - University of East London - Newham Wellness - Safe Sport International - Culture Engine - British Film Institute - Cinema Next - National Theatre Consultation Process The company has a robust stakeholder consultation process to ensure that all parties involved are continuously engaged. The following methods were employed: - Regular meetings and workshops with key stakeholders to discuss ongoing projects and gather feedback. - Surveys and questionnaires distributed to stakeholders to collect their opinions and suggestions. - Public forums and open houses to engage with the broader community and understand their needs and expectations. - One-on-one consultations with stakeholders to address specific concerns and provide tailored solutions. Actions Taken in Response to Feedback Based on the feedback received from various stakeholders, the company has implemented several actions to address their concerns and improve its operations: - Expanded the Make Your Market platform across South Essex with funding support from Rochford District Council and Essex County Council, allowing more small businesses and performing talents to showcase their work. - Enhanced the operations of Big Up Southend, ensuring it runs smoothly on the last Saturday of every month, in collaboration with Southend City Council and the Victoria Shopping Centre. - Invested £25,000 in the Mill Hall project, working with industry experts like Culture Engine, BFI, National Theatre, and Cinema Next to create a comprehensive business plan and explore the site's potential as a National Theatre Live location. - Successfully delivered a Global Safeguarding in Sports conference for Safe Sport International, with over 250 delegates from 27 countries, reflecting the broad impact of the event. - Supported Newham Wellness by delivering fresh produce and providing a safe space for gardening and wellness conversations to 40 residents in Beckton Allotments.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £11,972. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 January 2025

And signed on behalf of the board by:
Name: James Arthur Edmunds
Status: Director