AUGMENT PARTNERSHIP C.I.C.

Company Registration Number:
10775120 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

AUGMENT PARTNERSHIP C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

AUGMENT PARTNERSHIP C.I.C.

Directors' report period ended 31 December 2024

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

Additional information

Other matters The Company adopted new articles of association when it became a Community Interest Company Limited by Shares on 14 September 2018. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Mrs M Smith
Mr P Smith
Mr N Smith


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
9 April 2025

And signed on behalf of the board by:
Name: Mrs M Smith
Status: Director

AUGMENT PARTNERSHIP C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 54,643 37,024
Cost of sales: 0 ( 123 )
Gross profit(or loss): 54,643 36,901
Distribution costs: 0 0
Administrative expenses: ( 43,630 ) ( 34,755 )
Other operating income: 0 10,000
Operating profit(or loss): 11,013 12,146
Interest receivable and similar income: 84 49
Interest payable and similar charges: ( 95 ) ( 129 )
Profit(or loss) before tax: 11,002 12,066
Tax: 0 0
Profit(or loss) for the financial year: 11,002 12,066

AUGMENT PARTNERSHIP C.I.C.

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 745 681
Investments:   0 0
Total fixed assets: 745 681
Current assets
Stocks:   0 0
Debtors: 4 11,311 2,886
Cash at bank and in hand: 18,735 5,472
Investments:   0 0
Total current assets: 30,046 8,358
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 28,485 ) ( 11,047 )
Net current assets (liabilities): 1,561 (2,689)
Total assets less current liabilities: 2,306 ( 2,008)
Creditors: amounts falling due after more than one year: 6 ( 946 ) ( 7,634 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 1,360 (9,642)
Capital and reserves
Called up share capital: 4 4
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 1,356 (9,646 )
Total Shareholders' funds: 1,360 (9,642)

The notes form part of these financial statements

AUGMENT PARTNERSHIP C.I.C.

Balance sheet statements

For the year ending 31 December 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 May 2025
and signed on behalf of the board by:

Name: Mrs M Smith
Status: Director

The notes form part of these financial statements

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Furniture - 20% straight line Fittings fixtures and equipment - 33.33% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

    Intangible fixed assets amortisation policy

    Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Combined other intangible assets - 50% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

    Other accounting policies

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Taxation The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Financial instruments A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 1,450 8,600 10,050
Additions 300 335 635
Disposals
Revaluations
Transfers
At 31 December 2024 1,750 8,935 10,685
Depreciation
At 1 January 2024 769 8,600 9,369
Charge for year 459 112 571
On disposals
Other adjustments
At 31 December 2024 1,228 8,712 9,940
Net book value
At 31 December 2024 522 223 745
At 31 December 2023 681 0 681

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Trade debtors 6,311 386
Other debtors 5,000 2,500
Total 11,311 2,886

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 1,849 1,802
Trade creditors 547 203
Taxation and social security 555 117
Other creditors 25,534 8,925
Total 28,485 11,047

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

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

2024 2023
£ £
Other creditors 946 7,634
Total 946 7,634

AUGMENT PARTNERSHIP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Financial Commitments

The Directors have provided interest free loans to the company which have a balance due to them at the year-end which is split £5,919 (31 December 2023 - £4,738) included in creditors falling due within one year and £- (31 December 2023 - £4,831) which is included in creditors falling due after one year.

COMMUNITY INTEREST ANNUAL REPORT

AUGMENT PARTNERSHIP C.I.C.

Company Number: 10775120 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

In 2024 we continued our principal activity, the letting of private office and meeting spaces at discounted rates to charities and community organisations. We grew our client base and membership and after negotiation with our landlord gradually began to expand our provision onto the first floor from October. Our members' services include support for addicition recovery and aftercare, dementia and wellbeing, social and digital inclusion, training and mentoring, safeguarding training and best practice advice to an intenational client base including overseas goverments. We successfully applied for kgrant funding from the UK Shared Prosperity Fund through North Yorkshire Council to run a digital inclusion programme for the period ending 31 March 2025, recruting and training volunteer Digital Champions to provide 1 to 1 and small group support for people struggling to access digital technology and the internet. By the year end, we has recruited four volunteer Champions and an employed Project Coordinator. Drop in sessions had commenced, with some support embedded at the Skipton Community Wellbeing Cafe. In Autumn 2024 we agreed with the leadership of Skipton Community Wellbeing Cafe to bring the operation of the cafe under the administrative umbrella of Augment Partnership CIC; this entails handing the income and expenditure on behalf of the cafe and providing a structure for effective and robust safeguarding procedured and policies, in which capacity we have joined ThirtyOne Eight, an independent Christian charity that provides specialist training and advice, as well as being a counter signatory for DBS checks. The Transfer to Augment Partnership with effective as of 1st December 2024. During the year the directors made a small donation to Transforming Lives for Good Ltd Charity Reg No 1074114.

Consultation with stakeholders

We continue to build strong relationships with a growing number of local community groups and their participants. One of the directors is on the CCT (Craven Communities Together) coordinators group. We have continued to meet with the local council and community organisations to discuss emerging trends and opportunities for collaboration on wider community projects.

Directors' remuneration

The total amount paid to or received by directors in respect of qualifying services was £4515 (2023 £3379)

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 May 2025

And signed on behalf of the board by:
Name: Mrs M Smith
Status: Director