COMMUNITY STEPPING STONES CIC

Company limited by guarantee

Company Registration Number:
11595987 (England and Wales)

Unaudited statutory accounts for the year ended 26 September 2024

Period of accounts

Start date: 1 October 2023

End date: 26 September 2024

COMMUNITY STEPPING STONES CIC

Contents of the Financial Statements

for the Period Ended 26 September 2024

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

COMMUNITY STEPPING STONES CIC

Directors' report period ended 26 September 2024

The directors present their report with the financial statements of the company for the period ended 26 September 2024

Principal activities of the company

Community Stepping Stones work to reduce loneliness and isolation, encourage participation & increase positive shared experiences through community engagement and support networks. Currently based over 2 projects in Redcar and Marske, including community cafe, workroom and Thrift Shop. We have recently expanded to a 3rd location in partnership with Redcar and Cleveland Borough Council in delivering a community library and safe community engagement space. Through our projects we offer volunteer opportunities and skills development, creating purpose and confidence building together with a safe place to meet friends and provide much needed respite for families and carers. We currently have over 1000 beneficiaries, per week and we are excited to expand this with our new location.



Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 26 September 2024

J Foster
D L Laing Pearson
S L Owen


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
25 June 2025

And signed on behalf of the board by:
Name: J Foster
Status: Director

COMMUNITY STEPPING STONES CIC

Profit And Loss Account

for the Period Ended 26 September 2024

2024 2023


£

£
Turnover: 104,818 81,324
Cost of sales: ( 37,382 ) ( 25,728 )
Gross profit(or loss): 67,436 55,596
Administrative expenses: ( 91,163 ) ( 76,197 )
Other operating income: 29,230 5,928
Operating profit(or loss): 5,503 (14,673)
Interest receivable and similar income: 173 40
Interest payable and similar charges: ( 102 ) ( 136 )
Profit(or loss) before tax: 5,574 (14,769)
Profit(or loss) for the financial year: 5,574 (14,769)

COMMUNITY STEPPING STONES CIC

Balance sheet

As at 26 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,021 3,554
Total fixed assets: 3,021 3,554
Current assets
Stocks: 4 100 100
Debtors: 5 6,011 5,839
Cash at bank and in hand: 12,088 14,702
Total current assets: 18,199 20,641
Creditors: amounts falling due within one year: 6 ( 6,577 ) ( 12,337 )
Net current assets (liabilities): 11,622 8,304
Total assets less current liabilities: 14,643 11,858
Creditors: amounts falling due after more than one year: 7 ( 1,480 ) ( 4,269 )
Total net assets (liabilities): 13,163 7,589
Members' funds
Profit and loss account: 13,163 7,589
Total members' funds: 13,163 7,589

The notes form part of these financial statements

COMMUNITY STEPPING STONES CIC

Balance sheet statements

For the year ending 26 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.

This report was approved by the board of directors on 25 June 2025
and signed on behalf of the board by:

Name: J Foster
Status: Director

The notes form part of these financial statements

COMMUNITY STEPPING STONES CIC

Notes to the Financial Statements

for the Period Ended 26 September 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

    Revenue recognition 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. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

    Tangible fixed assets depreciation policy

    Tangible assets Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation 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: Fixtures and fittings -15% reducing balance

    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. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

COMMUNITY STEPPING STONES CIC

Notes to the Financial Statements

for the Period Ended 26 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 3

COMMUNITY STEPPING STONES CIC

Notes to the Financial Statements

for the Period Ended 26 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 5,589 5,589
Additions
Disposals
Revaluations
Transfers
At 26 September 2024 5,589 5,589
Depreciation
At 1 October 2023 2,035 2,035
Charge for year 533 533
On disposals
Other adjustments
At 26 September 2024 2,568 2,568
Net book value
At 26 September 2024 3,021 3,021
At 30 September 2023 3,554 3,554

COMMUNITY STEPPING STONES CIC

Notes to the Financial Statements

for the Period Ended 26 September 2024

4. Stocks

2024 2023
£ £
Stocks 100 100
Total 100 100

COMMUNITY STEPPING STONES CIC

Notes to the Financial Statements

for the Period Ended 26 September 2024

5. Debtors

2024 2023
£ £
Other debtors 6,011 5,839
Total 6,011 5,839

COMMUNITY STEPPING STONES CIC

Notes to the Financial Statements

for the Period Ended 26 September 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 1,400 0
Taxation and social security 1,374 0
Other creditors 3,803 12,337
Total 6,577 12,337

COMMUNITY STEPPING STONES CIC

Notes to the Financial Statements

for the Period Ended 26 September 2024

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

2024 2023
£ £
Bank loans and overdrafts 1,480 4,269
Total 1,480 4,269

COMMUNITY INTEREST ANNUAL REPORT

COMMUNITY STEPPING STONES CIC

Company Number: 11595987 (England and Wales)

Year Ending: 26 September 2024

Company activities and impact

Community Stepping Stones work to reduce loneliness and isolation, encourage participation and increase positive shared experiences through community engagement and support networks. Currently based over 2 projects in Redcar and Marske, including community cafe, workroom and Thrift Shop. We have recently in partnership with Redcar and Cleveland Borough Council, expanded to Laburnum Road Library, Redcar, delivering a community library and safe community engagement space. Through our projects we offer volunteer opportunities and skills development, creating purpose and confidence building together with a safe place to meet friends and provide much needed respite for families and carers. We currently have over 1000 beneficiaries, per week and we are excited to expand this with our new location.

Consultation with stakeholders

We enjoy working with local funders and have also been able to increase funds via our Thrift shop this year. We work closely with the community and local organisations responding to community needs as they happen. With support and mentorship from Larch we are looking at our legal structure with the possible conversion to a Charitable Incorporated Organisation. We also work closely with our accountants and business support workers with the view of improving our financial reporting systems. Beneficiaries can find out more about us and our activities through our facebook page.

Directors' remuneration

The directors remuneration for the year amounted to £29,858.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: J Foster
Status: Director