for the Period Ended 30 September 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 September 2024
Principal activities of the company
Additional information
Statement of directors' responsibilities The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to : select suitable accounting policies and then apply them consistently make judgements and accounting estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Directors
The directors shown below have held office during the whole of the period from
1 October 2023
to
30 September 2024
Secretary
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
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| Other operating income: |
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| Operating profit(or loss): |
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| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
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| Tax: |
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| Profit(or loss) for the financial year: |
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As at
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: |
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| Stocks: |
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| Debtors: | 3 |
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| Cash at bank and in hand: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 4 |
(
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(
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| Net current assets (liabilities): |
( |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Total net assets (liabilities): |
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| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 September 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 30 September 2024
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| Average number of employees during the period |
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for the Period Ended 30 September 2024
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| £ | £ | |
| Trade debtors |
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| Other debtors |
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| Total |
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| Debtors due after more than one year: |
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for the Period Ended 30 September 2024
| 2024 | 2023 | |
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| £ | £ | |
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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Kula Culture CIC works with families, young people and children who have engaged in activities relating to sister organisation Bespoke Engaging Education Services Ltd (BEES) but require specific ongoing support, as well as those individuals who have been unemployed longer-term. It offers short- and medium-term projects in a safe, neutral space, designed to take people on a reflective and empowering journey. Local Community Drawing upon the elements of the other areas under the BEES umbrella, Kula Culture CIC inspires people to put down roots in the natural environment and in the local community, and to get in touch with ancestral practices such as growing fresh produce and spending time together in the great outdoors. Measurable Goals Since 2013, the team has engaged with some of the hardest to reach children and achieved genuine breakthroughs for families and carers. By setting measurable goals and establishing a pattern of success for young people, Kula Culture CIC is helping to raise individual self-worth and self-esteem. New Challenges Through tackling new challenges people begin a reflective journey to enable them to reach their goals. Life Aspirations Critically, individuals are encouraged to review their life aspirations and follow their dreams. Ultimately this creates a future generation who feel empowered and want to make a difference in their community.
The company’s stakeholders are residents of Old Newnham Farm where the majority of the activities are based. We also work closely with companies and organisations in the surrounding area and value their feedback regarding our operations. We work with referring agencies to provide opportunities for volunteers. Some of the volunteers have found themselves in long-term unemployment and as a result of their time with us they have developed the skills and confidence to progress into higher education or employment. The director of the company has lived in the area for over 30 years and developed the business model from a keen understanding of the community’s needs and engaging in regular meetings and feedback sessions with the key stakeholders and volunteers. Aside from our regular volunteers, we provide an annual opportunity for the local branch of a national employer to bring between 30 and 60 apprentices on a 3 week work placement. This has proven invaluable for both parties. Stakeholders are consulted at least weekly, but often daily, and there is good communication with the stakeholders regarding the general operations of Kula Culture CIC. More formal meetings are held when seeking funding for equipment or activities to ensure that everyone is in agreement with what happens. Previous consultations have resulted in the siting of a portable toilet and agreed tool-share between Old Newnham Farm Ltd and Kula Culture CIC. More recent consultations have resulted in an agreement to increase the number of assets in the tool store.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
12 June 2025
And signed on behalf of the board by:
Name: Mr Nathan Potts
Status: Director