ASHBOURNE COMMUNITY'S CIC

Company Registration Number:
11459078 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

ASHBOURNE COMMUNITY'S CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

ASHBOURNE COMMUNITY'S CIC

Directors' report period ended 31 October 2024

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

Principal activities of the company

The Company carries out activities that benefit the communities of Ashbourne and the surrounding area through the protection and enhancement of their social, environmental and economic wellbeing. The Company has played an active role in the Ashbourne Reborn project seeking to ensure the implementation of the Shrovetide Walk renovation as originally conceived by the Company before being subsumed into this major Project funded by the government’s Levelling Up Funds. In parallel the company continued to develop the weekly market on Shrovetide Walk and, having established a sustainable enterprise for the benefit of the community and economy of the town, it has been working with locally based market traders to take on the market. This was implemented in December 2024. The company has also continued developing the project on the Henmore Walk to enhance the visual aspect of the town, the environmental setting and health of the river and thus visitor experience and is grateful to Ashbourne Town Council and Trent River Trust for their support in enabling this work. At the year end the Company held funds of £4,000 received from Ashbourne Town Council solely to be invested in the Shrovetide Walk and Henmore Walk projects and £871 remaining from Trent River Trust’s original funds of £2,871, solely to be invested in the Henmore Walk and Riverfly project.



Directors

The directors shown below have held office during the whole of the period from
1 November 2023 to 31 October 2024

Susan Bridgett
Norman Harris
Jeffrey Phillips
Leslie Warren
Sean Clayton


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
24 July 2025

And signed on behalf of the board by:
Name: Jeffrey Phillips
Status: Director

ASHBOURNE COMMUNITY'S CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 7,504 10,272
Cost of sales: ( 3,451 ) ( 5,510 )
Gross profit(or loss): 4,053 4,762
Administrative expenses: ( 5,888 ) ( 8,913 )
Other operating income: 2,000 427
Operating profit(or loss): 165 (3,724)
Profit(or loss) before tax: 165 (3,724)
Tax: 341
Profit(or loss) for the financial year: 165 (3,383)

ASHBOURNE COMMUNITY'S CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 330 922
Cash at bank and in hand: 9,214 9,104
Total current assets: 9,544 10,026
Creditors: amounts falling due within one year: 4 ( 9,213 ) ( 9,860 )
Net current assets (liabilities): 331 166
Total assets less current liabilities: 331 166
Creditors: amounts falling due after more than one year: 5 ( 1,815 ) ( 1,815 )
Total net assets (liabilities): (1,484) (1,649)
Capital and reserves
Called up share capital: 41 41
Profit and loss account: (1,525 ) (1,690 )
Total Shareholders' funds: ( 1,484 ) (1,649)

The notes form part of these financial statements

ASHBOURNE COMMUNITY'S CIC

Balance sheet statements

For the year ending 31 October 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 24 July 2025
and signed on behalf of the board by:

Name: Jeffrey Phillips
Status: Director

The notes form part of these financial statements

ASHBOURNE COMMUNITY'S CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

ASHBOURNE COMMUNITY'S CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

ASHBOURNE COMMUNITY'S CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Debtors

2024 2023
£ £
Trade debtors 330 922
Total 330 922

ASHBOURNE COMMUNITY'S CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,395 2,989
Other creditors 7,818 6,871
Total 9,213 9,860

ASHBOURNE COMMUNITY'S CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

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

2024 2023
£ £
Other creditors 1,815 1,815
Total 1,815 1,815

COMMUNITY INTEREST ANNUAL REPORT

ASHBOURNE COMMUNITY'S CIC

Company Number: 11459078 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The Company carries out activities that benefit the communities of Ashbourne and the surrounding area through the protection and enhancement of their social, environmental and economic wellbeing. The Company has played an active role in the Ashbourne Reborn project seeking to ensure the implementation of the Shrovetide Walk renovation as originally conceived by the Company before being subsumed into this major Project funded by the government’s Levelling Up Funds. In parallel the company continued to develop the weekly market on Shrovetide Walk and, having established a sustainable enterprise for the benefit of the community and economy of the town, it has been working with locally based market traders to take on the market. This was implemented in December 2024. The company has also continued developing the project on the Henmore Walk to enhance the visual aspect of the town, the environmental setting and health of the river and thus visitor experience and is grateful to Ashbourne Town Council and Trent River Trust for their support in enabling this work. At the year end the Company held funds of £4,000 received from Ashbourne Town Council solely to be invested in the Shrovetide Walk and Henmore Walk projects and £871 remaining from Trent River Trust’s original funds of £2,871, solely to be invested in the Henmore Walk and Riverfly project.

Consultation with stakeholders

The company has an established website and has a number of sub-committees for each of its projects which involve members of the wider community with an interest.

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
24 July 2025

And signed on behalf of the board by:
Name: Jeffrey Phillips
Status: Director