for the Period Ended 31 August 2024
| Directors report | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 August 2024
Directors
The directors shown below have held office during the whole of the period from
1 September 2023
to
31 August 2024
The directors shown below have held office during the period of
15 September 2023
to
31 August 2024
The director shown below has held office during the period of
13 September 2023
to
31 August 2024
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
And signed on behalf of the board by:
Name:
Status: Director
As at
| Notes | 2024 | 13 months to 31 August 2023 | |
|---|---|---|---|
|
|
£ |
£ |
|
| Fixed assets | |||
| Tangible assets: | 3 |
|
|
| Total fixed assets: |
|
|
|
| Current assets | |||
| Stocks: | 4 |
|
|
| Cash at bank and in hand: |
|
|
|
| Total current assets: |
|
|
|
| Creditors: amounts falling due within one year: | 5 |
(
|
|
| Net current assets (liabilities): |
|
|
|
| Total assets less current liabilities: |
|
|
|
| Total net assets (liabilities): |
|
|
|
| Members' funds | |||
| Profit and loss account: |
|
|
|
| Total members' funds: |
|
|
The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2024
Basis of measurement and preparation
for the Period Ended 31 August 2024
| 2024 | 13 months to 31 August 2023 | |
|---|---|---|
| Average number of employees during the period |
|
|
for the Period Ended 31 August 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
|---|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ | £ |
| At 1 September 2023 |
|
|
||||
| Additions | ||||||
| Disposals | ||||||
| Revaluations | ||||||
| Transfers | ||||||
| At 31 August 2024 |
|
|
||||
| Depreciation | ||||||
| At 1 September 2023 | ||||||
| Charge for year | ||||||
| On disposals | ||||||
| Other adjustments | ||||||
| At 31 August 2024 | ||||||
| Net book value | ||||||
| At 31 August 2024 |
|
|
||||
| At 31 August 2023 |
|
|
for the Period Ended 31 August 2024
| 2024 | 13 months to 31 August 2023 | |
|---|---|---|
| £ | £ | |
| Stocks |
|
|
| Total |
|
|
for the Period Ended 31 August 2024
| 2024 | ||
|---|---|---|
| £ | ||
| Taxation and social security |
|
|
| Total |
|
The company’s purpose is to promote health, wellbeing and enjoyment of the beach and sea through non-powered water sports activities, including sailing, kite surfing, paddle boarding and swimming, and to be a community hub for participants in all of these activities. The company has benefited the community by providing an inclusive and welcoming club based environment for all of the activities mentioned above. We encompass stakeholders that provide kite surfing and paddle boarding lessons and then a centre from which these and the other activities mentioned above can be enjoyed. Through our club we provide a safe and welcoming place that local people and visitors can enjoy refreshments, showers, toilet facilities and also benefit from the wellbeing events we regularly hold. Over the last 2 years we have increased the membership of the CIC from 200 to 1200, a clear indication of the positive effect we are having in the local community.
The stakeholders of the company are the members of Wallasey Beach CIC, all of whom become £1 shareholders. Currently two service providers, Northern Kites and Shaka SUP, who provide kitesurfing and paddle boarding lessons are also stakeholders as is West Cheshire Sailing Club, the members of which have been amalgamated into the company. Consultation with the stakeholders is carried out via our corporate structure which includes representatives of the members on the board of directors as non-executive directors(NED’s). The NED’s are voted into their positions by the members at the Annual General Meeting and the members can request an Extraordinary General Meeting at any time if sufficient members petition for it, as set out in the company’s articles of incorporation. Actions taken in response to requests from the stakeholders have included making available storage space, providing outside showers, a members lounge and general refurbishment of the premises to make it more user-friendly. The directors also made funds available for a complete engine rebuild on a tractor used by the sailing members to launch dinghies, as requested by the sailing members. This work and expenditure fell into the accounting year beginning on 1st September 2024 but is a clear indication of how stakeholders are represented within the CIC structure.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 April 2025
And signed on behalf of the board by:
Name: Adrian Pattinson
Status: Director