TRUST IN COMMUNITY - THE TIC GROUP CIC

Company limited by guarantee

Company Registration Number:
15332694 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 6 December 2023

End date: 31 December 2024

TRUST IN COMMUNITY - THE TIC GROUP CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

TRUST IN COMMUNITY - THE TIC GROUP CIC

Profit And Loss Account

for the Period Ended 31 December 2024

13 months to 31 December 2024


£
Administrative expenses: ( 2,000 )
Other operating income: 2,000
Operating profit(or loss): 0
Profit(or loss) before tax: 0
Profit(or loss) for the financial year: 0

TRUST IN COMMUNITY - THE TIC GROUP CIC

Balance sheet

As at 31 December 2024

Notes 13 months to 31 December 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 0
Investments:   0
Total current assets: 0
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 0
Total assets less current liabilities: 0
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

TRUST IN COMMUNITY - THE TIC GROUP 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 25 August 2025
and signed on behalf of the board by:

Name: Scott Clewlow
Status: Director

The notes form part of these financial statements

TRUST IN COMMUNITY - THE TIC GROUP 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

    Turnover policy

    Accounting Policy Note - Turnover Basis of recognition Turnover represents the total income generated by the company's trading activities during the financial year. Turnover is recognised on an accruals basis, which means that income is recorded in the financial statements when it is earned, regardless of when the cash is received. Principal Activities and Revenue Streams The company's primary sources of income include: Sales of goods and services: Income from the provision of goods or services directly related to the company's social mission. Grants and donations: Income received from government bodies, charitable trusts, foundations, or individuals. Measurement Turnover is stated at the fair value of the consideration received or receivable. It is presented net of any sales taxes (such as VAT), returns, and trade discounts. Specific Recognition Rules For the sale of goods: Turnover is recognised when the significant risks and rewards of ownership have been transferred to the buyer, and the amount can be measured reliably. This is typically when the goods are delivered to the customer. For the provision of services: Turnover is recognised as the services are rendered. This is based on the stage of completion of the service at the balance sheet date, provided the outcome can be estimated reliably. For grants and donations: Unrestricted grants and donations are recognised as income in the period in which they are received or are receivable. Restricted grants are recognised as income only when the conditions of the grant have been met and the company is entitled to the funds. Other Operating Income Please note that income from activities not considered part of the company’s primary trading operations (e.g., fundraising events, investment income) is classified as Other operating income and is not included within this turnover figure. This is to provide a clear distinction between the company's core mission-related activities and other financial gains.

TRUST IN COMMUNITY - THE TIC GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    13 months to 31 December 2024
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

TRUST IN COMMUNITY - THE TIC GROUP CIC

Company Number: 15332694 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

In year one we raised £2000 in fundraising of which we distributed to households, and families in need through collaboration with community groups and schools. Focusing most of this on the Xmas period.

Consultation with stakeholders

We discussed early fund raising approaches, and identified the needs of the community, through consultation we discussed vulnerable, older, disabled individuals, as well as schools through meetings with pastoral teams and family support workers. Discussion and plans were put in place to secure future funding, and plans of securing a location.

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
25 August 2025

And signed on behalf of the board by:
Name: Scott Clewlow
Status: Director