THE FITMILL HUB CIC

Company limited by guarantee

Company Registration Number:
14344064 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

THE FITMILL HUB CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE FITMILL HUB CIC

Balance sheet

As at 30 September 2024

Notes 2024 13 months to 30 September 2023


£

£
Fixed assets
Tangible assets: 3 3,310 0
Total fixed assets: 3,310 0
Current assets
Debtors: 4 5,850
Cash at bank and in hand: 8,835 2,234
Total current assets: 8,835 8,084
Creditors: amounts falling due within one year: 5 ( 10,551 ) ( 8,653 )
Net current assets (liabilities): (1,716) (569)
Total assets less current liabilities: 1,594 ( 569)
Provision for liabilities: ( 828 )
Total net assets (liabilities): 766 (569)
Members' funds
Profit and loss account: 766 ( 569)
Total members' funds: 766 (569)

The notes form part of these financial statements

THE FITMILL HUB 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 11 June 2025
and signed on behalf of the board by:

Name: Mr G Pearson
Status: Director

The notes form part of these financial statements

THE FITMILL HUB 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 Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment 25% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

THE FITMILL HUB CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 13 months to 30 September 2023
    Average number of employees during the period 2 2

THE FITMILL HUB 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 0 0
Additions 3,817 3,817
Disposals
Revaluations
Transfers
At 30 September 2024 3,817 3,817
Depreciation
At 1 October 2023 0 0
Charge for year 507 507
On disposals
Other adjustments
At 30 September 2024 507 507
Net book value
At 30 September 2024 3,310 3,310
At 30 September 2023 0 0

THE FITMILL HUB CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 13 months to 30 September 2023
£ £
Other debtors 5,850
Total   5,850

THE FITMILL HUB CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 13 months to 30 September 2023
£ £
Trade creditors 107 0
Other creditors 10,444 8,653
Total 10,551 8,653

COMMUNITY INTEREST ANNUAL REPORT

THE FITMILL HUB CIC

Company Number: 14344064 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

The Fitmill Hub CIC Ltd is a community interest company dedicated to promoting health and wellness through physical exercise, group personal training programmes and community engagement. Founded in 2022 on the principle of fostering healthier lifestyles. Our first grant award was from Active Lancashire to run twice weekly coached exercise sessions for young males aged 11-17 in the community at no cost, to encourage them to become more active and improve their general wellbeing and mental health. Also to disrupt organised crime and exploitation. All of which were impacted as a result of local social deprivation, low income levels, high health related issues in comparison to national averages (top 10% in England), high crime rates and post-COVID pandemic related challenges. After this pilot scheme and during 2023 / 2024 we were further supported by Sport England to continue and expand the 11-17 year olds exercise sessions project. We put on additional sessions during the week and opened up the sessions to young females 11-17 as well, creating mixed sessions. In 2024 we then also worked with the Lancashire Police Crime Commissioner and our local Safer Neighbourhood Policing teams and received direct referrals into the scheme. Indirectly helping to disrupt local crime and child exploitation.

Consultation with stakeholders

Our stakeholders are the local community, supporting grant providers, local referral organisations and other CIC’s that we collaborate with. We regularly consult and engage with referrers such as the local policing teams, NHS related wellbeing and adult and paediatric Dietetics team, Social Prescribers Alliance in Blackburn, and of course parents and 11-17 year old’s. Also other CIC’s including Community Business Partners (CBP) and The Billy Project / Unit 2. We have a strong social media presence and use this to engage constantly with the local community. In 2023 / 2024 we were a delivery and collection hub for the Blackburn with Darwen Borough Council food box scheme, to alleviate food waste, reduce landfill and avoid people going into crisis and becoming food bank dependent.

Directors' remuneration

Within the accounts included within “Sub-contractor Labour Costs” are some Directors Management Charges.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Garry Pearson
Status: Director