MYCELIUM THINKING CIC

Company limited by guarantee

Company Registration Number:
13554465 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

MYCELIUM THINKING CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

MYCELIUM THINKING CIC

Directors' report period ended 31 August 2024

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

Principal activities of the company

The company's principal activity during the year continued to be book publishing, sports and recreation education and artistic creation.



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

Rema Grace Gifford
David Crossley
Kirsty Frame
Remily Gifford
Linden Chloe Grieve
Amy Stretch-Parker


The director shown below has held office during the period of
1 September 2023 to 8 February 2024

Harriet Clare Cooper


The director shown below has held office during the period of
1 June 2024 to 31 August 2024

Hannah Rose Kessler


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
7 April 2025

And signed on behalf of the board by:
Name: Rema Grace Gifford
Status: Director

MYCELIUM THINKING CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 18,178 5,852
Cost of sales: ( 6,378 ) ( 1,897 )
Gross profit(or loss): 11,800 3,955
Distribution costs: 0 0
Administrative expenses: ( 11,296 ) ( 4,251 )
Other operating income: 0 0
Operating profit(or loss): 504 (296)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 504 (296)
Tax: ( 42 ) 0
Profit(or loss) for the financial year: 462 (296)

MYCELIUM THINKING CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 0 200
Cash at bank and in hand: 15,860 3,746
Investments:   0 0
Total current assets: 15,860 3,946
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 13,618 ) ( 750 )
Net current assets (liabilities): 2,242 3,196
Total assets less current liabilities: 2,242 3,196
Creditors: amounts falling due after more than one year: 5 ( 2,076 ) ( 3,492 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 166 (296)
Members' funds
Profit and loss account: 166 ( 296)
Total members' funds: 166 (296)

The notes form part of these financial statements

MYCELIUM THINKING CIC

Balance sheet statements

For the year ending 31 August 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 7 April 2025
and signed on behalf of the board by:

Name: Rema Grace Gifford
Status: Director

The notes form part of these financial statements

MYCELIUM THINKING CIC

Notes to the Financial Statements

for the Period Ended 31 August 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 value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery over 5 years

MYCELIUM THINKING CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

MYCELIUM THINKING CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 200
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 200
Debtors due after more than one year: 0 0

MYCELIUM THINKING CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 750
Taxation and social security 42 0
Accruals and deferred income 0 0
Other creditors 13,576 0
Total 13,618 750

MYCELIUM THINKING CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

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

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 2,076 3,492
Total 2,076 3,492

COMMUNITY INTEREST ANNUAL REPORT

MYCELIUM THINKING CIC

Company Number: 13554465 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

We ran community climate events funded by Cumbria Action for Sustainability Community Climate Grant. These were entrance via optional donation promoting: environmental arts, climate action, and sustainability. We successfully completed this funded project December 2023. February 1st 2024 we started our largest project yet "Flourishing Furness" funded by the Westmorland and Furness Nature and Climate grant. This project included gathering baseline emission figures and local data on the arts sector, piloting sustainable activities including workshops using nature-based solutions, and commissioning a town centre green wall. This project is due to continue till early 2025. We provided outreach activities and workshops to other organisations & groups: Art Gene, Full of Noises, Raise Community Woodlands, Mind-in-Furness, Ford Park, Farmers Arms Grizedale, Ulverston Radical Book club.

Consultation with stakeholders

We held an annual meeting with directors and regular members. Alongside smaller meetings and conversations to discuss specific projects. We have ongoing online community surveys. We regularly gather feedback from event attendees and partners. We have an informal "Mycelial Social" support network made of directors, volunteers, and regulars.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £6,650. 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
7 April 2025

And signed on behalf of the board by:
Name: Rema Gifford
Status: Director