IMAGINE IF. SPACE CIC

Company limited by guarantee

Company Registration Number:
SC697076 (Scotland)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

IMAGINE IF. SPACE CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

IMAGINE IF. SPACE CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The principle activity of the company during the period of review was that of:- - Hosting and facilitating workshops at organised events on behalf of other organisations - Supporting Local Development Trusts and Community Councils - Improving our tools including the Imagine If Game - Supporting academic curriculums through guest lectures - Local Place Plan consultancy work - Exhibitions and Events



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Ellie Jane Burroughs
Chiara Jacqueline Fingland
Clare Naomi O'Connell


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
27 March 2025

And signed on behalf of the board by:
Name: Ellie Jane Burroughs
Status: Director

IMAGINE IF. SPACE CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 49,124 17,715
Cost of sales: ( 15,658 ) ( 13,568 )
Gross profit(or loss): 33,466 4,147
Administrative expenses: ( 4,822 ) ( 3,825 )
Operating profit(or loss): 28,644 322
Profit(or loss) before tax: 28,644 322
Tax: ( 5,459 ) ( 61 )
Profit(or loss) for the financial year: 23,185 261

IMAGINE IF. SPACE CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 519 0
Total fixed assets: 519 0
Current assets
Debtors: 4 779 0
Cash at bank and in hand: 29,268 1,942
Total current assets: 30,047 1,942
Creditors: amounts falling due within one year: 5 ( 7,120 ) ( 1,681 )
Net current assets (liabilities): 22,927 261
Total assets less current liabilities: 23,446 261
Total net assets (liabilities): 23,446 261
Members' funds
Profit and loss account: 23,446 261
Total members' funds: 23,446 261

The notes form part of these financial statements

IMAGINE IF. SPACE CIC

Balance sheet statements

For the year ending 30 June 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 27 March 2025
and signed on behalf of the board by:

Name: Ellie Jane Burroughs
Status: Director

The notes form part of these financial statements

IMAGINE IF. SPACE CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment 25% SL

    Other accounting policies

    The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

IMAGINE IF. SPACE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

IMAGINE IF. SPACE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 0 0
Additions 608 608
Disposals
Revaluations
Transfers
At 30 June 2024 608 608
Depreciation
At 1 July 2023 0 0
Charge for year 89 89
On disposals
Other adjustments
At 30 June 2024 89 89
Net book value
At 30 June 2024 519 519
At 30 June 2023 0 0

IMAGINE IF. SPACE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 779 0
Total 779 0

IMAGINE IF. SPACE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 5,459 61
Accruals and deferred income 1,661 1,620
Total 7,120 1,681

COMMUNITY INTEREST ANNUAL REPORT

IMAGINE IF. SPACE CIC

Company Number: SC697076 (Scotland)

Year Ending: 30 June 2024

Company activities and impact

Imagine If.Space CIC is a community interest company dedicated to fostering collaboration, engagement, and sustainable community development across Scotland. Over the financial year, the company has undertaken a range of activities, including: - Facilitating local place planning workshops to help communities identify and prioritise key projects (Thornhill, Lenzie, Callander). - Supporting local development trusts and community councils in improving communication and coordination between stakeholders (Callander, Thornhill, Lenzie). - Delivering interactive workshops using the Imagine If Game to encourage visioning and community participation (University of Edinburgh, Lenzie, Creative Informatics, Green Tease, Archifringe). - Engaging in academic and industry discussions on sustainable design methodologies and alternative approaches to urban development (University of Edinburgh). - Organising exhibitions and talks to spark dialogue on the future of housing, retrofitting, and sustainable communities (Archifringe, Creative Informatics, Green Tease). - Securing funding for community initiatives, such as the establishment of a new community hub in Callander and a local e-bike share scheme (Callander). Through these initiatives, Imagine If.Space CIC has benefited communities by providing structured frameworks for planning, fostering inclusive discussions, and enabling practical steps towards realising community aspirations. The impact of these activities is evident in the increased collaboration, improved project implementation, and enhanced access to information and resources within the communities served.

Consultation with stakeholders

Imagine If.Space CIC engages with a diverse range of stakeholders across Scotland, including: - Local communities and residents participating in Local Place Plans and visioning exercises. - Community Development Trusts, Community councils, community groups and local authorities seeking support in project facilitation and execution. - Academic institutions and students exploring sustainable design and participatory planning. - Industry professionals and policymakers involved in the built environment. Stakeholder consultation takes place through: - Community workshops and interactive engagement activities, such as the Imagine If Game. - Direct communication with community groups, community councils, and development trusts to align priorities. - Digital Imagine If Game and social media support for specific community groups, to ensure broad community participation. - Industry and academic discussions, including guest lectures and panel discussions, to exchange knowledge and insights. Actions taken in response to stakeholder feedback include: - Refining workshop methodologies to better align with community needs and preferences. - Developing and implementing digital tools, such as project trackers, to support long-term planning efforts. - Securing funding and resources to address specific community needs identified through consultation. - Strengthening communication channels between community organisations and authorities to facilitate more effective collaboration. Imagine If.Space CIC remains committed to ongoing consultation to ensure that its activities continue to meet the evolving needs of the communities it serves.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £13625.44. 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
23 March 2025

And signed on behalf of the board by:
Name: Ellie Burroughs
Status: Director