RESOURCE DENBIGHSHIRE CIC

Company limited by guarantee

Company Registration Number:
12695850 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

RESOURCE DENBIGHSHIRE 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

RESOURCE DENBIGHSHIRE 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

Directors

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

Janine Cusworth


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: Janine Cusworth
Status: Director

RESOURCE DENBIGHSHIRE CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 301,474 309,573
Cost of sales: ( 18,364 ) ( 43,500 )
Gross profit(or loss): 283,110 266,073
Administrative expenses: ( 248,320 ) ( 341,787 )
Other operating income: 23,872 23,431
Operating profit(or loss): 58,662 (52,283)
Profit(or loss) before tax: 58,662 (52,283)
Tax: ( 252 )
Profit(or loss) for the financial year: 58,410 (52,283)

RESOURCE DENBIGHSHIRE CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 40,263 58,906
Total fixed assets: 40,263 58,906
Current assets
Debtors: 4 9,465 36,063
Cash at bank and in hand: 43,459 1,771
Total current assets: 52,924 37,834
Creditors: amounts falling due within one year: 5 ( 5,218 ) ( 46,401 )
Net current assets (liabilities): 47,706 (8,567)
Total assets less current liabilities: 87,969 50,339
Creditors: amounts falling due after more than one year: 6 ( 66,346 ) ( 87,126 )
Total net assets (liabilities): 21,623 (36,787)
Members' funds
Profit and loss account: 21,623 ( 36,787)
Total members' funds: 21,623 (36,787)

The notes form part of these financial statements

RESOURCE DENBIGHSHIRE 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: Janine Cusworth
Status: Director

The notes form part of these financial statements

RESOURCE DENBIGHSHIRE 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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

    Fixtures, fittings and refurbishment costs 20% straight line Motor vehicles 20% straight line Equipment 20% straight line

    Other accounting policies

    Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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. Government grants Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

RESOURCE DENBIGHSHIRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 12 15

RESOURCE DENBIGHSHIRE 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 15,074 26,321 66,669 108,064
Additions 0 3,713 0 3,713
Disposals
Revaluations
Transfers
At 30 June 2024 15,074 30,034 66,669 111,777
Depreciation
At 1 July 2023 8,852 7,856 32,450 49,158
Charge for year 3,015 6,007 13,334 22,356
On disposals
Other adjustments
At 30 June 2024 11,867 13,863 45,784 71,514
Net book value
At 30 June 2024 3,207 16,171 20,885 40,263
At 30 June 2023 6,222 18,465 34,219 58,906

RESOURCE DENBIGHSHIRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 9,465 6,063
Other debtors 0 30,000
Total 9,465 36,063

RESOURCE DENBIGHSHIRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 500 500
Taxation and social security 1,009 10,195
Other creditors 3,709 35,706
Total 5,218 46,401

RESOURCE DENBIGHSHIRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 66,346 87,126
Total 66,346 87,126

COMMUNITY INTEREST ANNUAL REPORT

RESOURCE DENBIGHSHIRE CIC

Company Number: 12695850 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

During the last 12 months Resource has continued to develop its community offer, has increased and expanded its work with people with additional needs. Removing barriers to volunteering and employment and supporting people into work. All items that are used in our activities and trading activities are from items that have been prevented from going to waste, during the year Resource have saved around 12 tonnes of items going to landfill. Resource has within the last 12 months received a number of grants from various sources, to help with set up of nes project and to continue to fund pre-existing projects. Resource has been awarded a an extended and final year contract to work in partnership with SCOPE and delivers and employability skills programme across North Wales and Anglesey. Resource has met the community need for low cost foods and reducing surplus food waste in its cafe activities. Beneficiaries are now attending resource onsite activities that include individuals with disability, learning disability, acquired brain injury, mental health and are autistic. Beneficiaries receive support to participate in a number of activities on site that includes gardening, woodworking and art.

Consultation with stakeholders

Key stakeholders to Resource include Denbighshire Council Work Start and Disability Placement Service, local town council members, Probation Service, public and private care providers, local businesses and voluntary sector organisations and attendance at Cross Party Disability and Autism group. Beneficiaries, supported volunteer, staff member and volunteers are also key stakeholders. Resource works in partnership to deliver a Welsh Government Funded programme Working on Wellbeing to support disabled adults progression. Throughout the year reSource has engaged stakeholders and beneficiaries through a number of ways, this has been in the relation to the creation of a specific project, or feedback from attending resource activities and includes surveys, informal feedback opportunities with volunteers and surveys. Consultations have included: Attendance at town council meetings to consult with councillors on a Library of Things project Steering group creation for projects- such as Bws Benthys Electronic service to seek opinion and ideas about resource activities- surveys Feedback is sought informally and as via a assessed best method to seek feedback from beneficiaries, this has been formal through a ‘get together day’ for volunteers and supported volunteers Tailoring activities to individual needs Assessing engagement and likes/dislikes with beneficiaries this could be through asking questions, expressions thumbs up/down

Directors' remuneration

Remuneration received by one Director- for wage acting as Managing Director

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 March 2025

And signed on behalf of the board by:
Name: Janine Cusworth
Status: Director