RE:STORE AXE VALLEY CIC

Company limited by guarantee

Company Registration Number:
12693267 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2025

Period of accounts

Start date: 1 July 2024

End date: 30 June 2025

RE:STORE AXE VALLEY CIC

Contents of the Financial Statements

for the Period Ended 30 June 2025

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

RE:STORE AXE VALLEY CIC

Directors' report period ended 30 June 2025

The directors present their report with the financial statements of the company for the period ended 30 June 2025

Principal activities of the company

The principal activity of the business is provision of other social work activities and services.



Directors

The directors shown below have held office during the whole of the period from
1 July 2024 to 30 June 2025

Andrew Davies
Benjamin Tucker
Carly Dean-Tribble
Ben Stansfield
Paul Johns
Louise Tucker
Lydia Sweetland


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 September 2025

And signed on behalf of the board by:
Name: Andrew Davies
Status: Director

RE:STORE AXE VALLEY CIC

Profit And Loss Account

for the Period Ended 30 June 2025

2025 2024


£

£
Turnover: 66,760 54,512
Cost of sales: ( 6,512 ) 0
Gross profit(or loss): 60,248 54,512
Distribution costs: 0 0
Administrative expenses: ( 65,785 ) ( 46,510 )
Other operating income: 0 0
Operating profit(or loss): (5,537) 8,002
Interest receivable and similar income: 13 170
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (5,524) 8,172
Tax: 0 0
Profit(or loss) for the financial year: (5,524) 8,172

RE:STORE AXE VALLEY CIC

Balance sheet

As at 30 June 2025

Notes 2025 2024


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 2,076 1,156
Investments:   0 0
Total fixed assets: 2,076 1,156
Current assets
Stocks:   0 0
Debtors: 4 92 68
Cash at bank and in hand: 30,235 36,914
Total current assets: 30,327 36,982
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 4,466 ) ( 4,677 )
Net current assets (liabilities): 25,861 32,305
Total assets less current liabilities: 27,937 33,461
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 27,937 33,461
Members' funds
Profit and loss account: 27,937 33,461
Total members' funds: 27,937 33,461

The notes form part of these financial statements

RE:STORE AXE VALLEY CIC

Balance sheet statements

For the year ending 30 June 2025 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 September 2025
and signed on behalf of the board by:

Name: Andrew Davies
Status: Director

The notes form part of these financial statements

RE:STORE AXE VALLEY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

  • 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

RE:STORE AXE VALLEY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 1 1

RE:STORE AXE VALLEY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2024 2,485 2,485
Additions 1,612 1,612
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 30 June 2025 4,097 4,097
Depreciation
At 1 July 2024 1,329 1,329
Charge for year 692 692
On disposals 0 0
Other adjustments 0 0
At 30 June 2025 2,021 2,021
Net book value
At 30 June 2025 2,076 2,076
At 30 June 2024 1,156 1,156

RE:STORE AXE VALLEY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

4. Debtors

2025 2024
£ £
Trade debtors 20 0
Prepayments and accrued income 72 68
Total 92 68

RE:STORE AXE VALLEY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 1,549
Taxation and social security 3,695 2,227
Accruals and deferred income 0 0
Other creditors 771 901
Total 4,466 4,677

COMMUNITY INTEREST ANNUAL REPORT

RE:STORE AXE VALLEY CIC

Company Number: 12693267 (England and Wales)

Year Ending: 30 June 2025

Company activities and impact

One of the aims of RE STORE is to look after the vulnerable and less fortunate and to bring a sense of happiness and belonging to the wider community. The following illustrates the activities that have benefited the community during this financial year Hosting groups within the cafe hub space such as an autistic support group for parents journeying with children with autism and also an adult neuro diverse support group. Young people’s mental health support group, meeting on a fortnightly basis on a Tuesday evening and support through activities and peer to peer conversation. Hosting Citizens Advice on a Wednesday afternoon, helping local people to access help, free drinks provided by the cafe staff to those dropping in. Running a befriending scheme supporting 25+ people each week who are lonely and isolated living in the community. Working with Devon Carers to provide a sitting service for carers and giving them respite from caring, enabling them to get out of the house for a few hours during the week. Reading sessions with the local primary school and care home residents, bridging the gap between young and old and bringing together skills of the older generation and the energy and joy of younger people. Family check in service, which works with families who are struggling to access help they need to navigate the challenges of everyday life, this can be anything from financial to social issues. Voluntary sector representatives for Seaton and the surrounding area, working with the statutory sector and providing voluntary help, practical help and material goods to the community. Coordinating local volunteers to provide assistance, connectivity and aid to those who were most vulnerable in the community. Helping vulnerable members of the community, assessing their needs and how we can help or point them in the right direction and assisting with essential necessities such as, homelessness, cooking facilities and domestic help. Liaising with the local foodbank and referring those in need to their service. Helping to connect the community by funding, informing, promoting and working together with local organisations, projects and social groups. Providing a space and support at the cafe hub for a local community radio station (SPL Radio) Helping establish Seaton Cycle Without Age and supporting them in their launch.

Consultation with stakeholders

The CIC stakeholders are residents in the local community. The directors of the CIC have lived in the local community for several years and RE STORE Axe Valley CIC was set up to continue what had been established by the Seaton Coronavirus Community Group, which emerged during the COVID 19 pandemic, building on the fantastic help provided by volunteers, along with the strong sense of community that emerged. We communicate with our volunteers and local organisations, as part of the care network, to ensure we can help where and when possible, all those in the local vicinity who are in need of assistance. We have continued to assist and support the local community building on the numbers since becoming established. Through discussions via the VSR care network and other local organisations such as Seaton Town Council, Seaton Chamber, Tripp, Save Food Hub, Seaton Food Bank, local churches and others in the community, Re Store Axe Valley CIC is constantly looking at ways it can help the local community and be part of local initiatives that benefit the Axe Valley. Having conducted a community survey, we are embarking on achieving and delivering new ventures to benefit those in the local area such as establishing a youth hub.

Directors' remuneration

Disclosed in the annual accounts under Directors Wages cost.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
11 September 2025

And signed on behalf of the board by:
Name: Andrew Davies
Status: Director