GBSUP CIC

Company limited by guarantee

Company Registration Number:
13564888 (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

GBSUP 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

GBSUP 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

Directors

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

Scott James Warren


The director shown below has held office during the period of
1 September 2023 to 31 May 2024

Adrian Soper


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

Michaela Afford


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

Olliver William Nawrat


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

Sara Maxey
Lauren Newman Warren
Kevin Jackson


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
28 January 2025

And signed on behalf of the board by:
Name: Michaela Afford
Status: Director

GBSUP CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 19,074 15,606
Cost of sales: ( 9,194 ) ( 9,294 )
Gross profit(or loss): 9,880 6,312
Administrative expenses: ( 6,816 ) ( 6,696 )
Other operating income: 330
Operating profit(or loss): 3,394 (384)
Profit(or loss) before tax: 3,394 (384)
Tax: ( 572 )
Profit(or loss) for the financial year: 2,822 (384)

GBSUP CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 3,276 4,588
Total current assets: 3,276 4,588
Creditors: amounts falling due within one year: 3 ( 2,044 ) ( 2,155 )
Net current assets (liabilities): 1,232 2,433
Total assets less current liabilities: 1,232 2,433
Total net assets (liabilities): 1,232 2,433
Members' funds
Profit and loss account: 1,232 2,433
Total members' funds: 1,232 2,433

The notes form part of these financial statements

GBSUP 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 28 January 2025
and signed on behalf of the board by:

Name: Michaela Afford
Status: Director

The notes form part of these financial statements

GBSUP 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

GBSUP CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

GBSUP CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 572 683
Accruals and deferred income 1,472 1,472
Total 2,044 2,155

COMMUNITY INTEREST ANNUAL REPORT

GBSUP CIC

Company Number: 13564888 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

In 2024 GBSUP grew its remit and encouraged new paddlers in the community to join the sport providing challenge fleet options for people not wanting to jump to racer categories. GBSUP supported selected unfunded Juniors and elite athletes at the world championships.

Consultation with stakeholders

Stakeholders are consulted throughout the year, we sent out guides and rules they are held on GBSUP website for all to review and comment on. Any sponsors are also well engaged with the team.

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
28 January 2025

And signed on behalf of the board by:
Name: Sara Maxey
Status: Director