THE OLD SCHOOL CENTRE CIC

Company limited by guarantee

Company Registration Number:
09544477 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

THE OLD SCHOOL CENTRE CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE OLD SCHOOL CENTRE CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Stephanie Wilmott-Saphin
Mr Graham Pountney
Mr Lee Gray
Mr Stephen Porter


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 September 2024

And signed on behalf of the board by:
Name: Stephanie Wilmott-Saphin
Status: Director

THE OLD SCHOOL CENTRE CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 1,786 1,540
Total current assets: 1,786 1,540
Net current assets (liabilities): 1,786 1,540
Total assets less current liabilities: 1,786 1,540
Creditors: amounts falling due after more than one year: 3 ( 2,376 ) ( 1,970 )
Total net assets (liabilities): (590) (430)
Members' funds
Profit and loss account: (590) ( 430)
Total members' funds: ( 590) (430)

The notes form part of these financial statements

THE OLD SCHOOL CENTRE CIC

Balance sheet statements

For the year ending 30 April 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 23 September 2024
and signed on behalf of the board by:

Name: Stephanie Wilmott-Saphin
Status: Director

The notes form part of these financial statements

THE OLD SCHOOL CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 April 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 is reduced for estimated customer returns, rebates and other similar allowances.

    Other accounting policies

    The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.Sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services. 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

THE OLD SCHOOL CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THE OLD SCHOOL CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

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

2024 2023
£ £
Other creditors 2,376 1,970
Total 2,376 1,970

COMMUNITY INTEREST ANNUAL REPORT

THE OLD SCHOOL CENTRE CIC

Company Number: 09544477 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

WE HAVE REDECORATED AND UPGRADED THE COMPANY FACILITY THROUGH GRANTS AND DONATIONS OVER THE LAST YEAR . WE RAN 2 VERY SUCCESSFUL WREATH MAKING WORKSHOP DAYS AT THE CENTRE TO PROMOTE THE FACILITY AND ENCOURAGE PARTICIPATION. TO SPECIFICALLY SUPPORT THOSE WHO MAY BE IN SOCIAL ISOLATION WE SUCESSFULLY LAUNCHED A NEW COMMUNITY INCLUSION CAFE IN JANUARY PROVIDING FREE REFRESHMENTS WITH LOW-COST LUNCHES WHICH IS BECOMING WELL ESTABLISHED. WE HAVE INCORPORATED A FREE FOOD PROJECT DISTRIBUTION FROM OUR FACILITY TO SUPPORT THOSE ON LOW INCOMES OR FINANCIAL HARDSHIP WITH GOOD, AND EVER INCREASING, ENGAGEMENT. WE HAVE ESTABLISHED A STRETCH AND MOVE CLASS FOR HTOSE WITH LIMITED MOBILITY AND ARE CURRENTLY IN THE PROCESS OF INCREASING OUR WELLBEING COMMUNITY OFFER WITH A MORE EXTENSIVE PROGRAMME FOR PARTICIPATION WITH YOGA, MINDFULNESS CLASSES ETC. WE ARE LOOKING TO ESTABLISH A COMMUNITY OF YEAR-ROUND HIRERS OF THE FACILITY WHO ALL HAVE WELLBEING AT THE CENTRE OF WHAT THEY OFFER TO COMPLEMENT AND EXTEND OUR PROGRAMME. FUNDS RAISED WILL SUSTAIN THE SUBSIDED ACTIVITIES. IN THE OCMING YEAR WE INTEND TO DEVELOP RELATIONSHIPS AND PARTNERSHIPS WITH THE NHS, AGE CONCERN, ALZHEIMER'S ETC.WE HAVE NOW ALSO ESTABLISHED A MEMBERSHIP PROGRAMME FOR ALL PARTICIPANTS AT THE CENTRE WITH ALL USERS BEING REQUIRED TO REGISTER.

Consultation with stakeholders

THE COMPANY STAKEHOLDERS ARE THE MEMBERS. WE REQUEST ONGOING EVALUATION AND SUGGESTIONS. IT IS THROUGH THE FEEDBACK THAT WE HAVE DEVELOP THE PROGRAMME.

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
23 September 2024

And signed on behalf of the board by:
Name: Stephanie Wilmott-Saphin
Status: Director