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

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

Directors

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

Lyam Rookematthews-Galpin
Mollie Rookematthews-Galpin
Faith Rooke-Matthews
Colin Green
Marisa Regan
Phoebe Walsh-Gamgee
Alison Hiley

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
31 December 2025

And signed on behalf of the board by:
Name: Lyam Rookematthews-Galpin
Status: Director

Profit And Loss Account

for the Period Ended 30 June 2025

	2025	2024
	£	£
Turnover:	107,436	137,912
Cost of sales:	( 85,043 )	( 74,485 )
Gross profit(or loss):	22,393	63,427
Administrative expenses:	( 195,321 )	( 238,862 )
Other operating income:	150,916	119,699
Operating profit(or loss):	(22,012)	(55,736)
Profit(or loss) before tax:	(22,012)	(55,736)
Profit(or loss) for the financial year:	(22,012)	(55,736)

Balance sheet

As at 30 June 2025

	Notes	2025	2024
		£	£
Fixed assets
Tangible assets:	3	88,695	79,594
Total fixed assets:		88,695	79,594
Current assets
Debtors:	4	12,171	15,372
Cash at bank and in hand:		50,147	46,185
Total current assets:		62,318	61,557
Prepayments and accrued income:		49,496	47,797
Creditors: amounts falling due within one year:	5	( 200,000 )	( 175,545 )
Net current assets (liabilities):		(88,186)	(66,191)
Total assets less current liabilities:		509	13,403
Total net assets (liabilities):		509	13,403
Members' funds
Profit and loss account:		509	13,403
Total members' funds:		509	13,403

The notes form part of these financial statements

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.

The notes form part of these financial statements

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

  Turnover policy

  Springbank Community Group CiC recognises turnover as income earned during the financial year from the provision of goods and services, grants, donations and other funding streams arising from its community activities. Turnover is recognised when the organisation is entitled to the income, the amount can be measured reliably, and it is probable that the economic benefit will be received. Income from grants and funding is recognised in the period to which it relates, where any conditions attached to the funding have been met. Where funding is received in advance of delivery or subject to performance-related conditions, income is deferred and recognised in the appropriate accounting period. Donations and voluntary income are recognised when received or when the organisation has certainty of entitlement. Income generated through trading activities, including the Community Cafe, food pantry contributions and other service-related income, is recognised at the point the goods or services are provided. This policy ensures that turnover is accounted for consistently and accurately, in accordance with applicable UK accounting standards and company law.

  Tangible fixed assets depreciation policy

  Springbank Community Group CiC recognises tangible fixed assets at cost, including any directly attributable costs necessary to bring the asset into use. Assets are capitalised where the cost is material and where they are expected to be used in the organisation’s activities for more than one financial year. Depreciation is provided to write off the cost of tangible fixed assets, less any estimated residual value, on a systematic basis over their expected useful economic lives. Depreciation is charged from the date the asset is brought into use. The depreciation methods and useful lives are reviewed annually to ensure they remain appropriate. The following depreciation rates are applied: Fixtures and fittings: depreciated on a straight-line basis over their estimated useful life Equipment: depreciated on a straight-line basis over its estimated useful life Small items of equipment may be written off in the year of purchase where appropriate, in line with the organisation’s capitalisation threshold. This policy ensures that tangible fixed assets are reflected fairly in the financial statements and that the cost of assets is matched to the periods in which they are used.

Notes to the Financial Statements

for the Period Ended 30 June 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	15	13

  Springbank Community Group CiC is supported by a dedicated team of volunteers who play a vital role in the delivery of services across the organisation. Volunteers contribute their time, skills and experience across a wide range of activities, including the Community Food Pantry, Community Cafe, youth provision and community events. While volunteers are not classified as employees and do not receive remuneration, their contribution is fundamental to the organisation’s ability to operate effectively and respond to local need. The organisation is grateful for the commitment and support of its volunteers, whose involvement enhances service capacity, strengthens community connections and supports positive outcomes for individuals and families across Cheltenham. Volunteers are supported through appropriate induction, guidance and ongoing engagement to ensure they can contribute safely and effectively to the organisation’s work.