MERRY GO ROUND COMMUNITY VENTURES CIC

Company limited by guarantee

Company Registration Number:
11698240 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

MERRY GO ROUND COMMUNITY VENTURES CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

MERRY GO ROUND COMMUNITY VENTURES CIC

Directors' report period ended 30 November 2024

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

Directors

The directors shown below have held office during the period of
30 November 2024 to 30 November 2024

Mrs Sadie Coventry
Jessica CLARK
Leanne Janice MATHIS
Valerie WEST


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
12 May 2025

And signed on behalf of the board by:
Name: Mrs Sadie Coventry
Status: Director

MERRY GO ROUND COMMUNITY VENTURES CIC

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 38,666 38,419
Cost of sales: ( 801 ) ( 1,156 )
Gross profit(or loss): 37,865 37,263
Administrative expenses: ( 38,244 ) ( 37,702 )
Other operating income: 2,071
Operating profit(or loss): (379) 1,632
Profit(or loss) before tax: (379) 1,632
Profit(or loss) for the financial year: (379) 1,632

MERRY GO ROUND COMMUNITY VENTURES CIC

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,555 1,529
Total fixed assets: 1,555 1,529
Current assets
Debtors: 4 145
Cash at bank and in hand: 2,922 3,679
Total current assets: 2,922 3,824
Creditors: amounts falling due within one year: 5 ( 497 )
Net current assets (liabilities): 2,922 3,327
Total assets less current liabilities: 4,477 4,856
Total net assets (liabilities): 4,477 4,856
Members' funds
Profit and loss account: 4,477 4,856
Total members' funds: 4,477 4,856

The notes form part of these financial statements

MERRY GO ROUND COMMUNITY VENTURES CIC

Balance sheet statements

For the year ending 30 November 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 12 May 2025
and signed on behalf of the board by:

Name: Mrs Sadie Coventry
Status: Director

The notes form part of these financial statements

MERRY GO ROUND COMMUNITY VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 November 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives

MERRY GO ROUND COMMUNITY VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

MERRY GO ROUND COMMUNITY VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 0 4,973 400 5,373
Additions 863 414 0 1,277
Disposals
Revaluations
Transfers
At 30 November 2024 863 5,387 400 6,650
Depreciation
At 1 December 2023 0 3,444 400 3,844
Charge for year 173 1,078 0 1,251
On disposals
Other adjustments
At 30 November 2024 173 4,522 400 5,095
Net book value
At 30 November 2024 690 865 0 1,555
At 30 November 2023 0 1,529 0 1,529

MERRY GO ROUND COMMUNITY VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Debtors

2024 2023
£ £
Trade debtors 145
Total   145

MERRY GO ROUND COMMUNITY VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due within one year note

  2023
  £
Trade creditors 497
Total   497

COMMUNITY INTEREST ANNUAL REPORT

MERRY GO ROUND COMMUNITY VENTURES CIC

Company Number: 11698240 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. The company runs the Merry Go Round shop, online store, and an eBay shop, retailing second hand children’s clothing and related goods to raise money for 12 local Primary Schools. This year, we also launched a Merry Go Round Vinted shop which has brought us an additional source of revenue. We always strive to reduce waste, encourage re-use and reduce the environmental impact of children’s goods. In addition to this, we reduce food waste by providing a community fridge and by distributing excess produce from other groups and the local community. We also support to our local community by running a foodbank, providing a warm space, offering practical and emotional support by signposting people to external support services, running a weekly baby-weigh clinic, and host other sessions from external providers including antenatal and mini first aid courses. Our activities this financial year benefitted the community in the following ways: 1. We have improved the mental and physical wellbeing of people in our community, alleviating food insecurity by supplying food to the 150 registered users of our foodbank, and reduced isolation in our town by providing a free warm space and social area. We also provided emotional and practical support, signposting people to external support services, and provided access to free hot meals for a homeless person. 2. We successfully secured funding from the Co-op to purchase 33 slow cookers which were made available for people to keep after attending our free slow cooker courses. 3. We worked in conjunction with other organisations such as GP Surgeries, schools and Social Services to provide free clothing, shoes, and baby equipment to those most in need in our immediate and wider community. We also continue to supply free school uniform to everyone. 4. We hosted monthly drop-in advice sessions with our local Police Community Support Officer. 5. Local residents have been able to purchase a wide range of good quality children’s clothing, shoes, books, toys & games, school uniform and baby equipment at very low prices, particularly benefitting those on a low income / without their own transport. 6. As well as offering general volunteering opportunities, we also helped 2 Duke of Edinburgh Award participants achieve the volunteering element of their award, provided work experience placements for 1 home schooled student, one 6th form student and one 7th, and 1 blind person. 7. The company has continued to provide employment for 3 local residents, and engage the services of multiple local businesses.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Mrs Sadie Coventry
Status: Director