NIFTY SUSTAINABILITY CIC

Company limited by guarantee

Company Registration Number:
12156271 (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

NIFTY SUSTAINABILITY CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

NIFTY SUSTAINABILITY CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 106,234 75,205
Cost of sales: ( 930 ) ( 6,326 )
Gross profit(or loss): 105,304 68,879
Administrative expenses: ( 122,044 ) ( 77,988 )
Other operating income: 15,750 7,290
Operating profit(or loss): (990) (1,819)
Profit(or loss) before tax: (990) (1,819)
Profit(or loss) for the financial year: (990) (1,819)

NIFTY SUSTAINABILITY CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,879 2,211
Total fixed assets: 1,879 2,211
Current assets
Cash at bank and in hand: 13,693 20,784
Total current assets: 13,693 20,784
Creditors: amounts falling due within one year: 4 ( 4,850 ) ( 11,283 )
Net current assets (liabilities): 8,843 9,501
Total assets less current liabilities: 10,722 11,712
Total net assets (liabilities): 10,722 11,712
Members' funds
Profit and loss account: 10,722 11,712
Total members' funds: 10,722 11,712

The notes form part of these financial statements

NIFTY SUSTAINABILITY 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 21 May 2025
and signed on behalf of the board by:

Name: Claire Bastin
Status: Director

The notes form part of these financial statements

NIFTY SUSTAINABILITY 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

NIFTY SUSTAINABILITY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

NIFTY SUSTAINABILITY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 2,818 2,818
Additions
Disposals
Revaluations
Transfers
At 31 August 2024 2,818 2,818
Depreciation
At 1 September 2023 607 607
Charge for year 332 332
On disposals
Other adjustments
At 31 August 2024 939 939
Net book value
At 31 August 2024 1,879 1,879
At 31 August 2023 2,211 2,211

NIFTY SUSTAINABILITY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 4,250 2,283
Accruals and deferred income 600 9,000
Total 4,850 11,283

COMMUNITY INTEREST ANNUAL REPORT

NIFTY SUSTAINABILITY CIC

Company Number: 12156271 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Between September 2023 and August 2024 our main activities included: Research consultancy: Supporting other VCSE organisations on research and evaluation projects using creative methods and in-depth, longitudinal research, facilitated grant funded co-produced research Training and education: We developed and delivered online and in person training for professionals Business development: Stakeholder engagement and network development around our areas of work in West Yorkshire and beyond, bidding for and winning contracts for research projects, attending (online and face to face) events and training aimed at supporting social entrepreneurs, particularly in the area of fundraising, applying for grant funding to develop our own resources and for business development, maintaining and updating web site: niftysustainability.org.uk, maintaining admin, accounts and reporting We used resources in this financial period to: provide pro-bono research support to VCSE organisations seeking to evaluate their impact, provide additional pro-bono capacity and guidance to strategic projects to support VCSE infrastructure organisations at community level, across West Yorkshire and on national projects, provide supplementary resource and capacity for local community engagement projects, build community and individual capacity through informal mentoring as well as providing project and experiential learning opportunities for those wishing to get into sustainability, continue to develop open access and accessible resources around sustainability for community and third sector use, promote and support wider community projects from other VCSE sector organisations

Consultation with stakeholders

Our main stakeholders are the organisations we work with in the VCSE and higher education sectors and those we support through our pro-bono work. We work very closely with our stakeholders and build long-term relationships. We have regular check-in meetings and create space for feedback on how we work during our projects, and ask for feedback and comments when projects finish. Much of our work also involves stakeholder engagement with groups and communities that the organisations we work with benefit. We develop processes in all our projects to ensure diverse groups are engaged and community voices heard. This can be different for each project with a focus on accessibility and inclusive approaches. Where specific feedback is needed for a project, we use accessible methods to gather this. Feedback from the organisations and individuals we work with (for example in project reviews) and their stakeholders suggests this approach works to engage with community stakeholders. In 2023/24 we also expanded our wider networks for example to develop connections with community groups, national organisations and individuals with lived experience of neuro divergence as part of a co-production project looking at ND, climate change and eco-emotions. We also consider our small team and the wider team of Nifty Associates as important stakeholders. We work closely with them to ensure that any opportunities to work with us are fair and inclusive and actively seek opportunities for feedback in project and placement reviews as well as team and individual staff reviews.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £68,184 (in salaries). 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
21 May 2025

And signed on behalf of the board by:
Name: Claire Bastin
Status: Director