COYOTE INITIATIVES CIC

Company limited by guarantee

Company Registration Number:
SC535267 (Scotland)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

COYOTE INITIATIVES CIC

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

COYOTE INITIATIVES CIC

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 directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Steven Gasgarth
Oliver Clubb
Courtney King


Secretary Elizabeth Egan

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 February 2025

And signed on behalf of the board by:
Name: Steven Gasgarth
Status: Director

COYOTE INITIATIVES CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 54,253 57,314
Cost of sales: ( 54,253 ) ( 57,314 )
Gross profit(or loss): 0 0
Administrative expenses: ( 300 )
Operating profit(or loss): (300) 0
Profit(or loss) before tax: (300) 0
Profit(or loss) for the financial year: (300) 0

COYOTE INITIATIVES CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Creditors: amounts falling due within one year: 3 ( 1,126 ) ( 27,250 )
Net current assets (liabilities): (1,126) (826)
Total assets less current liabilities: (1,126) ( 826)
Total net assets (liabilities): (1,126) (826)
Members' funds
Profit and loss account: (1,126) ( 826)
Total members' funds: ( 1,126) (826)

The notes form part of these financial statements

COYOTE INITIATIVES CIC

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 27 February 2025
and signed on behalf of the board by:

Name: Steven Gasgarth
Status: Director

The notes form part of these financial statements

COYOTE INITIATIVES CIC

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 Financial Reporting Standard 101

COYOTE INITIATIVES CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

COYOTE INITIATIVES CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,126 27,250
Total 1,126 27,250

COMMUNITY INTEREST ANNUAL REPORT

COYOTE INITIATIVES CIC

Company Number: SC535267 (Scotland)

Year Ending: 31 May 2024

Company activities and impact

In this financial year we undertook the following activities with the listed benefits to the community. We completed our final two Erasmus projects - Culture Garden, a 7 day residential training in community development for youth workers, and Wellbeing 101 - a 7 day residential training in mental health awareness and support for youth workers. 60 participants and 16 youth work organisations took part in the projects, including 14 participants and 5 staff from the UK. Unfortunately due to Brexit and the UK Government opting out of Erasmus we are no longer able to take part in this programme, or support youth workers and young people to attend trainings and youth exchanges across the EU and the UK. It is a great loss to young people in the UK and also to our organisation.

Consultation with stakeholders

We worked in partnership with 16 international organisations for the Erasmus projects, and 60 participants, including 14 from the UK. We are also in consultation with local stakeholders to determine the focus of the organisation going forward.

Directors' remuneration

Directors were not paid for their services as Directors. One director carried out a significant amount of work on the final Erasmus projects - including Training, Project Coordination, accounts prep, and attending meetings and trainings, and was paid for this as per funding guidelines. Total amount £4,871.07. One other director undertook a small amount of paid work as Project Coordinator on the final Erasmus project - paid as per funding guidelines. Total amount £557.60. Oliver also carried out a significant amount of voluntary work for these 2 Erasmus projects.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Steven Gasgarth
Status: Director