CUMBERNAULD ALTERNATIVE NETWORK CIC

Company limited by guarantee

Company Registration Number:
SC710919 (Scotland)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

CUMBERNAULD ALTERNATIVE NETWORK CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CUMBERNAULD ALTERNATIVE NETWORK CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 262 350
Investments:   0 0
Total fixed assets: 262 350
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 5,365 4,019
Total current assets: 5,365 4,019
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 5,365 4,019
Total assets less current liabilities: 5,627 4,369
Total net assets (liabilities): 5,627 4,369
Members' funds
Profit and loss account: 5,627 4,369
Total members' funds: 5,627 4,369

The notes form part of these financial statements

CUMBERNAULD ALTERNATIVE NETWORK CIC

Balance sheet statements

For the year ending 30 September 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 June 2025
and signed on behalf of the board by:

Name: Alan Govan
Status: Director

The notes form part of these financial statements

CUMBERNAULD ALTERNATIVE NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

CUMBERNAULD ALTERNATIVE NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 0

CUMBERNAULD ALTERNATIVE NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 350 350
Additions
Disposals
Revaluations
Transfers
At 30 September 2024 350 350
Depreciation
At 1 October 2023 0 0
Charge for year 88 88
On disposals
Other adjustments
At 30 September 2024 88 88
Net book value
At 30 September 2024 262 262
At 30 September 2023 350 350

COMMUNITY INTEREST ANNUAL REPORT

CUMBERNAULD ALTERNATIVE NETWORK CIC

Company Number: SC710919 (Scotland)

Year Ending: 30 September 2024

Company activities and impact

During the company's 3rd year of trading we continued to develop and deliver a range of projects and activities serving the people of Cumbernauld and surrounding communities. All workshops were offered completely free of charge to community members. We attracted a growing cohort of adults with additional support needs. We made a convincing start on our Made With Intent project, with 2 experienced seamstresses (a creative lead and an assistant) engaged on a freelance basis. By end of September this team had delivered 17 workshops, each lasting between 3 and 5 hours. 3 Young People, 7 Adults and 5 Older People took part, with an average attendance of 6 A team of volunteers were galvanised to collect tents at music festivals Knockengorroch in May, Eden in June and Kelburn Garden Party in July. Participants helped organise reclaimed tents, cutting and sorting the material. Sewing skills were taught, and the group started to create a wide range of decorative art-pieces. These were intended to be displayed at summer festivals Doune The Rabbit Hole and MugStock, but unfortunately both were cancelled due to economic factors. We therefore pivoted and began the production of a range of upcycled bomber jackets and dog jackets. Our Recycle and Re-Use workshops with shared food was named “Make Stew & Mend”, and kicked off on Fridays. In parallel with this project we offered a “pay what you can afford” mending and alterations service, which was utilised by 14 local residents. As these Friday sessions coincided with rehearsals of TRASH Music Projects, who use the MugShack for a teenage rock band project, we developed a partnership whereby the young people were supported by our staff and volunteers to develop costume for performance, by modifying and altering 2nd hand army jackets. We involved them in design, sewing, adding studs and printing their own bespoke logos using a Cricut machine and heat press. We ran 14 drop-in workshops each lasting 7 hours and attended by an average of 9 individuals. In total 2 Children, 10 Young People, 12 Adults and 8 Older People attended.

Consultation with stakeholders

The company continues to consult our stakeholders via informal consultation during our projects, which are designed to encourage participants to engage in conversation. As part of monitoring and evaluation of funded projects we conducted surveys to assess how the experience of participating in our projects impacted participants.

Directors' remuneration

Funds of £15,599 were paid to director Leigh Watson for her role as Network Coordinator, leading on the delivery of our funded projects. No funds were paid to any director purely for serving as a director. Work by the directors in leading, managing and administrating the company, including fundraising, was provided on a voluntary basis.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 June 2025

And signed on behalf of the board by:
Name: Alan Govan
Status: Director