COMMUNITY MOSAIC CIC

Company limited by guarantee

Company Registration Number:
11426676 (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

COMMUNITY MOSAIC CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

COMMUNITY MOSAIC CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 35,127 28,547
Total fixed assets: 35,127 28,547
Current assets
Cash at bank and in hand: 20,406 8,443
Total current assets: 20,406 8,443
Creditors: amounts falling due within one year: 4 ( 577 ) ( 577 )
Net current assets (liabilities): 19,829 7,866
Total assets less current liabilities: 54,956 36,413
Creditors: amounts falling due after more than one year: 5 ( 17,718 ) ( 18,517 )
Total net assets (liabilities): 37,238 17,896
Members' funds
Profit and loss account: 37,238 17,896
Total members' funds: 37,238 17,896

The notes form part of these financial statements

COMMUNITY MOSAIC 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 March 2025
and signed on behalf of the board by:

Name: Christine Cunningham
Status: Director

The notes form part of these financial statements

COMMUNITY MOSAIC 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 Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    All assets depreciate at 20% of their previous year's value.

COMMUNITY MOSAIC CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

COMMUNITY MOSAIC 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 24,845 3,702 28,547
Additions 12,099 191 12,290
Disposals
Revaluations
Transfers
At 30 June 2024 36,944 3,893 40,837
Depreciation
At 1 July 2023 0 0 0
Charge for year 4,969 741 5,710
On disposals
Other adjustments
At 30 June 2024 4,969 741 5,710
Net book value
At 30 June 2024 31,975 3,152 35,127
At 30 June 2023 24,845 3,702 28,547

COMMUNITY MOSAIC CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 577 577
Total 577 577

COMMUNITY MOSAIC CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

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

2024 2023
£ £
Bank loans and overdrafts 12,944 13,743
Other creditors 4,774 4,774
Total 17,718 18,517

COMMUNITY INTEREST ANNUAL REPORT

COMMUNITY MOSAIC CIC

Company Number: 11426676 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

As a company, we currently operate two community centres offering hirable spaces, a bar and catering facilities. Surplus income is continued to be used to fund low-cost users in all of our spaces from all backgrounds & to offer funded usage of our spaces to many of our groups including: U3A Peterborough, Empowerment First Ltd and Pyramid Pioneers. These are in addition to the continued usage by the groups & social groups listed in previous year's reports. As with previous years, our Directors and management team are unpaid volunteers. We are still a hub for local homeless outreach charities and work with many other external groups to signport local communities to services such as drug awareness, scam awareness and policing. We are also now home to FC Peterborough CIC, offering them a long-term base for their community football organisation as well as providing services to their users directly through our own facilities.

Consultation with stakeholders

Informal consultation with stakeholders (user groups etc) as per previous years. Changes to any operational measures are implemented based on feedback from our users. These include repairs and maintenance, opening hours and accessibility changes in addition to general day to day operational issues.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Christine Cunningham
Status: Director