MONMOUTH & DISTRICT RIFLE CLUB CIC

Company limited by guarantee

Company Registration Number:
12337774 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

MONMOUTH & DISTRICT RIFLE CLUB CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

MONMOUTH & DISTRICT RIFLE CLUB CIC

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Maria Bartlett
Mark Justin Nicholas
Adam David Harold Snifield
C Bartlett
J Woolley


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
11 July 2025

And signed on behalf of the board by:
Name: C Bartlett
Status: Director

MONMOUTH & DISTRICT RIFLE CLUB CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 36,506 35,116
Cost of sales: ( 9,873 ) ( 7,065 )
Gross profit(or loss): 26,633 28,051
Administrative expenses: ( 32,992 ) ( 18,319 )
Operating profit(or loss): (6,359) 9,732
Profit(or loss) before tax: (6,359) 9,732
Tax: ( 1,416 )
Profit(or loss) for the financial year: (6,359) 8,316

MONMOUTH & DISTRICT RIFLE CLUB CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 9,946 12,909
Total fixed assets: 9,946 12,909
Current assets
Stocks: 4 1,246 3,764
Cash at bank and in hand: 17,775 20,450
Total current assets: 19,021 24,214
Creditors: amounts falling due within one year: 5 ( 420 ) ( 2,217 )
Net current assets (liabilities): 18,601 21,997
Total assets less current liabilities: 28,547 34,906
Total net assets (liabilities): 28,547 34,906
Members' funds
Profit and loss account: 28,547 34,906
Total members' funds: 28,547 34,906

The notes form part of these financial statements

MONMOUTH & DISTRICT RIFLE CLUB CIC

Balance sheet statements

For the year ending 31 December 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 11 July 2025
and signed on behalf of the board by:

Name: C Bartlett
Status: Director

The notes form part of these financial statements

MONMOUTH & DISTRICT RIFLE CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 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: Plant & machinery 375 Computer equipment 25% reducing balance

    Other accounting policies

    Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling.

MONMOUTH & DISTRICT RIFLE CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

MONMOUTH & DISTRICT RIFLE CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 17,522 818 18,340
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 17,522 818 18,340
Depreciation
At 1 January 2024 5,266 165 5,431
Charge for year 2,800 163 2,963
On disposals
Other adjustments
At 31 December 2024 8,066 328 8,394
Net book value
At 31 December 2024 9,456 490 9,946
At 31 December 2023 12,256 653 12,909

MONMOUTH & DISTRICT RIFLE CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Stocks

2024 2023
£ £
Stocks 1,246 3,764
Total 1,246 3,764

MONMOUTH & DISTRICT RIFLE CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 1,416
Accruals and deferred income 420 801
Total 420 2,217

COMMUNITY INTEREST ANNUAL REPORT

MONMOUTH & DISTRICT RIFLE CLUB CIC

Company Number: 12337774 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

The company objects are to carry out activities which benefit the member community and in particular the running of a target rifle and pistol club, including training in aspects of safe and responsible firearms handling; During the financial year 2024, the CIC’s activities have benefited the community in the following ways; members have been able to purchase consumables more conveniently by using the cashless payment system set-up, reducing the number of additional travel miles generated in order to pursue their sport. The club supported local craftsman, sporting retailer outlets and commercial enterprises (building materials, electricians, plumbers etc) using their services sourced locally for provision of consumables and ongoing facility improvements. Training in safe handling has been completed for 50 probationers NRA approved RSO recertification training courses were supported for 3 members 2 local and 5 national competitions have been promoted and attended. 1 x open day were held for local blue light service personnel

Consultation with stakeholders

The company’s stakeholders are the members of the club comprising locals and a wider set from the surrounding area. The directors of the company have been active members of the club for a number of years and have developed the business model for the club based on their experience of talking to other members and also from being former elected committee board members covering different roles and in discussions with the members covering the multiple disciplines offered by the club. We have also encouraged those Range and Safety officers volunteering at the club to pick up ideas for the business when talking to other members of their disciplines and a community platform on social media has been launched to provide a feedback channel for that input from members.

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
11 July 2025

And signed on behalf of the board by:
Name: Christian Bartlett
Status: Director