NEW DESTINATIONS CIC

Company limited by guarantee

Company Registration Number:
12132184 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

NEW DESTINATIONS CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

NEW DESTINATIONS CIC

Directors' report period ended 31 July 2024

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

Principal activities of the company

The principal activity of the company is a community interest company providing adult support services.



Directors

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

J.A. Beale
P.E. Meadows
L.C. Pomphrett


The director shown below has held office during the period of
1 August 2023 to 10 March 2024

M.B. Pomphrett


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
23 April 2025

And signed on behalf of the board by:
Name: J.A. Beale
Status: Director

NEW DESTINATIONS CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 179,633 203,958
Cost of sales: ( 5,246 ) ( 12,653 )
Gross profit(or loss): 174,387 191,305
Administrative expenses: ( 168,995 ) ( 179,946 )
Other operating income: 5,906 7,872
Operating profit(or loss): 11,298 19,231
Profit(or loss) before tax: 11,298 19,231
Tax: ( 1,935 ) ( 3,003 )
Profit(or loss) for the financial year: 9,363 16,228

NEW DESTINATIONS CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 6,782 6,241
Total fixed assets: 6,782 6,241
Current assets
Debtors: 4 24,601 23,167
Cash at bank and in hand: 44,951 41,527
Total current assets: 69,552 64,694
Creditors: amounts falling due within one year: 5 ( 14,407 ) ( 18,371 )
Net current assets (liabilities): 55,145 46,323
Total assets less current liabilities: 61,927 52,564
Total net assets (liabilities): 61,927 52,564
Members' funds
Profit and loss account: 61,927 52,564
Total members' funds: 61,927 52,564

The notes form part of these financial statements

NEW DESTINATIONS CIC

Balance sheet statements

For the year ending 31 July 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 23 April 2025
and signed on behalf of the board by:

Name: J.A. Beale
Status: Director

The notes form part of these financial statements

NEW DESTINATIONS CIC

Notes to the Financial Statements

for the Period Ended 31 July 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when:- the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company’s activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided to write off the cost of fixed assets over their estimated useful as follows:- Plant and equipment – 15% on a reducing balance basis; Fixtures and fittings – 15% on a reducing balance basis and; Office equipment – 20% on a reducing balance basis.

NEW DESTINATIONS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

NEW DESTINATIONS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 4,746 640 3,207 8,593
Additions 1,034 874 1,908
Disposals
Revaluations
Transfers
At 31 July 2024 5,780 640 4,081 10,501
Depreciation
At 1 August 2023 1,073 96 1,183 2,352
Charge for year 706 81 580 1,367
On disposals
Other adjustments
At 31 July 2024 1,779 177 1,763 3,719
Net book value
At 31 July 2024 4,001 463 2,318 6,782
At 31 July 2023 3,673 544 2,024 6,241

NEW DESTINATIONS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Trade debtors 20,058 21,056
Prepayments and accrued income 4,543 2,111
Total 24,601 23,167

NEW DESTINATIONS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 926 220
Taxation and social security 10,811 16,688
Accruals and deferred income 2,670 1,463
Total 14,407 18,371

COMMUNITY INTEREST ANNUAL REPORT

NEW DESTINATIONS CIC

Company Number: 12132184 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The company provides adult support services and social work activities to those with learning difficulties. The company's activities have benefited the community by helping to take some of the burden off the overwhelmed NHS social services by providing support to individuals who they would otherwise have had to care for.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £115,705. 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
23 April 2025

And signed on behalf of the board by:
Name: J.A. Beale
Status: Director