CHOLSEY VILLAGE CIC

Company limited by guarantee

Company Registration Number:
15153013 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 21 September 2023

End date: 31 December 2024

CHOLSEY VILLAGE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

CHOLSEY VILLAGE CIC

Profit And Loss Account

for the Period Ended 31 December 2024

15 months to 31 December 2024


£
Turnover: 60,643
Gross profit(or loss): 60,643
Administrative expenses: ( 50,446 )
Operating profit(or loss): 10,197
Profit(or loss) before tax: 10,197
Profit(or loss) for the financial year: 10,197

CHOLSEY VILLAGE CIC

Balance sheet

As at 31 December 2024

Notes 15 months to 31 December 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 10,197
Total current assets: 10,197
Net current assets (liabilities): 10,197
Total assets less current liabilities: 10,197
Total net assets (liabilities): 10,197
Members' funds
Profit and loss account: 10,197
Total members' funds: 10,197

The notes form part of these financial statements

CHOLSEY VILLAGE CIC

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 5 March 2025
and signed on behalf of the board by:

Name: John Wheeler
Status: Director

The notes form part of these financial statements

CHOLSEY VILLAGE CIC

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

CHOLSEY VILLAGE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    15 months to 31 December 2024
    Average number of employees during the period 7

COMMUNITY INTEREST ANNUAL REPORT

CHOLSEY VILLAGE CIC

Company Number: 15153013 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

Cholsey Village CIC took over the management and development of three strands of work which had previously been administered by the Parish Council: The Cholsey Children's Centre ('The Happy Hub'), the Youth Club, and the Mental Health Support Worker. The Happy Hub has really taken off. With the introduction of clearer management structures, the development of the social media activity to publicise what the Hub does, and the development of a hiring capacity to help meet the costs of staffing and upkeep, the Hub has gone from strength to strength and is now full most days. It provides a much needed service at a cost within the reach of all villagers. There are plans to develop additional provision for younger children with special educational needs for whom the hustle and bustle of a full Hub is a little too much. The Youth Club has been moribund, after several attempts to kick start it, and we decided to act as a broker for activities which teenagers were already attending elsewhere but not within the village. We now have busy teen yoga and gymnastic sessions every work, fencing for beginners, ad hoc cookery classes and various Lego-related activities. We have started to discuss the longer term with other groups in the area to offer a range of outdoor activities with or under them. The one area which has not succeeded has been the Mental Health Support work. We put a great deal of work into trying to help it succeed, but in the end had to accept professional advice that we were not properly resourced to deliver what was needed, and that there was suitable provision with available transport in Didcot. When the worker left we decided not to appoint a replacement, but instead to direct any people who asked for this kind of support to suitable local alternatives. All in all, a successful first year and a good basis for further development.

Consultation with stakeholders

The Mental Health Support work is a good example, even though it led to the closure of this part of the brief. We talked at length to the small number of regular attendees to elicit what they wanted and whether there were alternatives within the village and elsewhere. We also had very productive discussions with Restore and Ridgeway in Didcot, and created useful links with Restore. As far as the Youth Services were concerned, we spoke to many of the young people who would fit the catchment group, and tried to provide what they seemed to think would be worthwhile other than the traditional format. Sometimes this has worked well, the gymnastics being a really good example, and sometimes not - we tried to set up Nerf gun sessions after many requests and apparent demand, but when we organised them they failed to take off. The same happened with the fencing, a much lower take up rate than we would have anticipated. The Happy Hub, as ever, provides the most successful outcomes from consultation, with themed days requested by users after the success of a number of experiments, and new ranges of equipment to facilitate soft play and interaction. The challenge in Cholsey is to dovetail what we offer with a substantial amount of existing provision, especially for teenagers where the football club and cricket club count well into the hundreds of attendees. We use our social media contacts and also our reach through other village organisations, such as Cholsey Volunteers, to respond to suggestions and requests from the community.

Directors' remuneration

One of the directors undertook development and management work for the CIC and was paid £4680 for duties over this period. Without this input, undertaken with the approval of the other two directors and the Advisory Board, the CIC could not have developed as it did.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
5 March 2025

And signed on behalf of the board by:
Name: John Wheeler
Status: Director