REK41 CIC

Company limited by guarantee

Company Registration Number:
14290713 (England and Wales)

Unaudited statutory accounts for the year ended 30 August 2024

Period of accounts

Start date: 31 August 2023

End date: 30 August 2024

REK41 CIC

Contents of the Financial Statements

for the Period Ended 30 August 2024

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

REK41 CIC

Directors' report period ended 30 August 2024

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

Principal activities of the company

Social Enterprise Hub



Directors

The directors shown below have held office during the whole of the period from
31 August 2023 to 30 August 2024

Robert Cumine
Michael Anthony Quinn


The director shown below has held office during the period of
31 August 2023 to 28 November 2023

Emily Gleave


The director shown below has held office during the period of
31 August 2023 to 27 November 2023

Mathew Tomlinson


The director shown below has held office during the period of
31 August 2023 to 7 November 2023

Ben Reece Jones


The director shown below has held office during the period of
28 May 2024 to 6 August 2024

Luna Del'aroue


The director shown below has held office during the period of
29 February 2024 to 6 August 2024

Hannah O'Brien


The directors shown below have held office during the period of
29 February 2024 to 20 April 2024

Charles Waarmsley
Hayley Burgess


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
29 May 2025

And signed on behalf of the board by:
Name: Robert Cumine
Status: Director

REK41 CIC

Profit And Loss Account

for the Period Ended 30 August 2024

2024 13 months to 30 August 2023


£

£
Turnover: 122,370 71,279
Cost of sales: ( 31,395 ) ( 6,824 )
Gross profit(or loss): 90,975 64,455
Administrative expenses: ( 113,526 ) ( 50,743 )
Other operating income: 10,965
Operating profit(or loss): (11,586) 13,712
Profit(or loss) before tax: (11,586) 13,712
Tax: ( 3,642 )
Profit(or loss) for the financial year: (11,586) 10,070

REK41 CIC

Balance sheet

As at 30 August 2024

Notes 2024 13 months to 30 August 2023


£

£
Fixed assets
Intangible assets:   0
Tangible assets: 3 20,619 19,169
Total fixed assets: 20,619 19,169
Current assets
Stocks: 4 750 250
Debtors: 5 0 19,410
Cash at bank and in hand: 2,892 5,811
Total current assets: 3,642 25,471
Creditors: amounts falling due within one year: 6 ( 22,135 ) ( 30,928 )
Net current assets (liabilities): (18,493) (5,457)
Total assets less current liabilities: 2,126 13,712
Provision for liabilities: ( 3,642 ) ( 3,642 )
Total net assets (liabilities): (1,516) 10,070
Members' funds
Profit and loss account: (1,516) 10,070
Total members' funds: ( 1,516) 10,070

The notes form part of these financial statements

REK41 CIC

Balance sheet statements

For the year ending 30 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 29 May 2025
and signed on behalf of the board by:

Name: Robert Cumine
Status: Director

The notes form part of these financial statements

REK41 CIC

Notes to the Financial Statements

for the Period Ended 30 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and Machinery 10% on reducing balance Fixtures and Fittings 10% on reducing balance Motor Vehicles 25% on reducing balance

REK41 CIC

Notes to the Financial Statements

for the Period Ended 30 August 2024

  • 2. Employees

    2024 13 months to 30 August 2023
    Average number of employees during the period 0 0

REK41 CIC

Notes to the Financial Statements

for the Period Ended 30 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 August 2023 6,310 11,880 2,500 20,690
Additions 1,980 1,730 3,710
Disposals
Revaluations
Transfers
At 30 August 2024 8,290 13,610 2,500 24,400
Depreciation
At 31 August 2023 631 0 890 1,521
Charge for year 567 1,318 375 2,260
On disposals
Other adjustments
At 30 August 2024 1,198 1,318 1,265 3,781
Net book value
At 30 August 2024 7,092 12,292 1,235 20,619
At 30 August 2023 5,679 11,880 1,610 19,169

REK41 CIC

Notes to the Financial Statements

for the Period Ended 30 August 2024

4. Stocks

2024 13 months to 30 August 2023
£ £
Stocks 750 250
Total 750 250

REK41 CIC

Notes to the Financial Statements

for the Period Ended 30 August 2024

5. Debtors

2024 13 months to 30 August 2023
£ £
Other debtors 0 19,410
Total 0 19,410

REK41 CIC

Notes to the Financial Statements

for the Period Ended 30 August 2024

6. Creditors: amounts falling due within one year note

2024 13 months to 30 August 2023
£ £
Trade creditors 0 1
Accruals and deferred income 19,199 3,544
Other creditors 2,936 27,383
Total 22,135 30,928

COMMUNITY INTEREST ANNUAL REPORT

REK41 CIC

Company Number: 14290713 (England and Wales)

Year Ending: 30 August 2024

Company activities and impact

We have created a Social Hub for people who struggle with drug and alcohol addiction. The hub encourages these people to be able to socialise within the wider community without the temptations of a pub/club environment. We have created a safe space for these people to socialise and provide activities such as pool, darts, music and entertainment to assist with their safe socialising. It has become a vital part of the local community and a vital part of these peoples lives. There are on average 300 patrons per month.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The Directors Remuneration Information is within the notes of the annual accounts.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Robert Cumine
Status: Director