for the Period Ended 30 July 2025
| Directors report | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 July 2025
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
31 July 2024
to
30 July 2025
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
And signed on behalf of the board by:
Name:
Status: Director
As at
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Investments: | 4 |
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| Total fixed assets: |
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| Current assets | |||
| Debtors: | 5 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 6 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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| Capital and reserves | |||
| Called up share capital: |
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| Profit and loss account: |
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| Total Shareholders' funds: |
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The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 July 2025
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 July 2025
| 2025 | 2024 | |
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| Average number of employees during the period |
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for the Period Ended 30 July 2025
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 31 July 2024 |
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| At 30 July 2024 |
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for the Period Ended 30 July 2025
Value at Start of year was £201,777. No additions or revaluations. Value at end of the year £201,777.
for the Period Ended 30 July 2025
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| £ | £ | |
| Trade debtors |
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| Other debtors |
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| Total |
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for the Period Ended 30 July 2025
| 2025 | 2024 | |
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| £ | £ | |
| Trade creditors |
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| Accruals and deferred income |
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Redruth Former Library CIC (The Ladder) is a community interest company established to preserve, protect and regenerate the former Redruth Library and adjacent College building. These Grade II listed heritage assets, once at risk of dereliction or commercial development, are being brought back into meaningful public use through a phased programme of cultural, educational and community-focused renovation works. In the reporting period, the CIC oversaw substantial progress on the internal refurbishment of the Library building’s ground and first floors, including essential structural works, decoration, installation of new joinery, and the beginnings of mechanical and electrical fit-out. These works have been delivered in line with listed building consent, and with support from the UK Shared Prosperity Fund, Historic England, Cornwall Council and other partners. Alongside physical capital works, The Ladder has grown its community offer. We have hosted a programme of cultural events, community consultation days, open rehearsals, and workshops, and welcomed our first anchor tenants, including arts and youth organisations, into the building. The CIC continues to work closely with local charities and educational providers to ensure that the space responds to the needs of local residents, particularly young people and those at risk of exclusion. The Ladder now serves as a vital catalyst for town centre regeneration, community resilience and creative opportunity in Redruth. Our work during this financial year has directly benefited the local community by safeguarding a cherished public building, creating local employment opportunities, and expanding access to inclusive cultural and educational provision in one of Cornwall’s most deprived areas.
The Ladder’s stakeholders include: local residents, building tenants and users, funders, Redruth-based charities and community groups, young people, volunteers, heritage and cultural sector organisations, and embers of the Redruth Cultural Consortium. Consultation with Tenants and Building Users: We maintain regular dialogue with our anchor tenants to ensure that the development of the site reflects their operational needs and community goals. These include: Writers’ Block, a creative writing hub supporting young people and emerging writers, who have influenced the design of adaptable studio spaces and quiet rehearsal areas. We responded to their feedback by prioritising acoustic treatment and storage solutions in their designated rooms. Beats and Roots, community cafe, an anchor tenant at The Ladder, providing healthy affordable, vegetarian food on site. Naturally Learning, an early-years provider offering nature-inspired education, consulted on child-friendly access routes and safeguarding needs. As a result, we adapted the ground floor layout to ensure secure entry points, improved ventilation, and space for buggy storage and creative play. Wider Stakeholder Engagement: The CIC chairs the Redruth Cultural Consortium, a cross-sector group of local creatives, educators and cultural organisations. The Consortium meets quarterly and serves as a forum for community-informed strategic planning. Through these sessions, The Ladder is both shaped by and acts in service to the wider cultural life of the town supporting collaborations, identifying local needs, and helping to unlock resources for other Redruth-based projects. This consultative approach ensures that the redevelopment of The Ladder is not only a physical regeneration project, but a platform for community-led activity, local creative economy growth, and inclusive cultural participation.
The CIC’s directors have been paid through PAYE for their work on this project. Full details of directors’ remuneration are provided in the accompanying accounts. During the reporting period, CIC directors were paid £42,284
No transfer of assets other than for full consideration
This report was approved by the board of directors on
18 September 2025
And signed on behalf of the board by:
Name: Felix Mortimer
Status: Director