MANGROVE HOUSE CIRENCESTER CIC

Company limited by guarantee

Company Registration Number:
14337399 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2025

Period of accounts

Start date: 1 October 2024

End date: 30 September 2025

MANGROVE HOUSE CIRENCESTER CIC

Contents of the Financial Statements

for the Period Ended 30 September 2025

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

MANGROVE HOUSE CIRENCESTER CIC

Directors' report period ended 30 September 2025

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

Directors

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

Simon Wilson
Miranda Rigley
James Gore


The director shown below has held office during the period of
24 February 2025 to 30 September 2025

Jeremy Blake


Secretary Christine Gore

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
19 January 2026

And signed on behalf of the board by:
Name: Simon Wilson
Status: Director

MANGROVE HOUSE CIRENCESTER CIC

Profit And Loss Account

for the Period Ended 30 September 2025

2025 2024


£

£
Turnover: 35,188 36,321
Cost of sales: ( 38,865 ) ( 33,151 )
Gross profit(or loss): (3,677) 3,170
Distribution costs: 0 0
Administrative expenses: ( 34 ) ( 79 )
Other operating income: 100 1,467
Operating profit(or loss): (3,611) 4,558
Interest receivable and similar income: 16 12
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (3,595) 4,570
Tax: 0 0
Profit(or loss) for the financial year: (3,595) 4,570

MANGROVE HOUSE CIRENCESTER CIC

Balance sheet

As at 30 September 2025

Notes 2025 2024


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 371 0
Cash at bank and in hand: 8,353 5,222
Investments:   0 0
Total current assets: 8,724 5,222
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 8,724 5,222
Total assets less current liabilities: 8,724 5,222
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 15,541 ) ( 8,444 )
Accruals and deferred income: 0 0
Total net assets (liabilities): (6,817) (3,222)
Members' funds
Profit and loss account: (6,817) ( 3,222)
Total members' funds: ( 6,817) (3,222)

The notes form part of these financial statements

MANGROVE HOUSE CIRENCESTER CIC

Balance sheet statements

For the year ending 30 September 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 19 January 2026
and signed on behalf of the board by:

Name: Simon Wilson
Status: Director

The notes form part of these financial statements

MANGROVE HOUSE CIRENCESTER CIC

Notes to the Financial Statements

for the Period Ended 30 September 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

    Turnover includes: - Rental income from residents via the council in the form of agreed Housing Benefit - Income directly from residents in the form of a monthly Service Charge - Donations

    Tangible fixed assets depreciation policy

    Anything expenditure under £2,000 will be classed as operational expenditure, not capital expenditure and will therefore be depreciated within the financial period.

MANGROVE HOUSE CIRENCESTER CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

MANGROVE HOUSE CIRENCESTER CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

3. Debtors

2025 2024
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 371 0
Total 371 0
Debtors due after more than one year: 0 0

MANGROVE HOUSE CIRENCESTER CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

4. Financial Commitments

For FY24/25 liabilities to Green Pastures for outstanding lease payments grew. Green Pastures Lease costs for the year have been recognised as "Cost of sales" given the project was active and up and running earning revenue from the start of the year. The outstanding amount owed to Green Pastures is reflected in the balance sheet as a liability. As a result member funds (liabilities) have grown. With greater focus on fundraising and house occupancy we expect these to be reduced in 2025/26.

COMMUNITY INTEREST ANNUAL REPORT

MANGROVE HOUSE CIRENCESTER CIC

Company Number: 14337399 (England and Wales)

Year Ending: 30 September 2025

Company activities and impact

The company leases and manages a 4 bedroom house in Cirencester working with the Green Pastures Charity to provide supported housing for men aged 19 or over. Financial year 24/25 was our second full year of operation. During the financial year: - We continued to raise funds for Green pastures and the project directly - The board of directors continued to be actively involved and met for Board meetings on a quarterly basis with interim meetings to ensure the smooth running of the house - A volunteer house manager and administration contractor continued to oversee daily running of the house and ensure the care of residents. - The house was occupied at an average capacity of around 60% (2-3 residents), below the threshold required to break even. - One resident left the house due to the breach of his licence agreement and ongoing issues. - One resident progressed to the point of being ready to move into independent living. However, as of the end of the financial year Cotswold District Council have been unable to allocate him a place to live. We continue to work with them to resolve this. - The volunteer team reduced slightly to 17 people - At the end of the year 3 residents remained with us Residents were provided support in the form of: - Weekly house meetings run by the house manager - Mentoring - Skills coaching and education - Signposting to additional services required (i.e. counselling) when the volunteer team were not able to provide the level of service required. Additional volunteer work was undertaken to maintain the house and garden. At the end of the year the Directors reviewed in detail the viability of the project, recognising that the continued growth of lease liability to Green Pastures was not sustainable. As a result a number of specific actions were put in place to: - Increase referrals of potential residents who we could support - Raise additional funds - Strengthen areas of governance and improve services to residents It was agreed that a further review would take place in November to assess the continued viability of the project. This Directors report and accompanying accounts are prepared under the “small companies regime”. The accounts are not audited but have been reviewed by an accountant.

Consultation with stakeholders

Consultation with stakeholders The company’s stakeholders are: - Residents for whom the accommodation and support provided builds a foundation for future independent living. - Cotswold District Council from whom day to day funding to support residents is provided from the housing element of their various Benefits. - Supporters and volunteers who provide services and financial funding for the company (primarily to support the additional housing costs associated with the property over and above the amount received from the council) - Green Pastures: the umbrella charity that owns the property - Cirencester Baptist Church as the anchor organisation offering ongoing support Ongoing representation (non-voting) of CBC is maintained through attendance at Board meetings Regular meetings with Green Pastures as the house owner and supporter of the work have also taken place on a quarterly basis. Additional attendance of volunteers to Green Pasture training and information events has helped keep those involved well informed on the industry, our obligations and the ongoing quality of service to residents.

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
19 January 2026

And signed on behalf of the board by:
Name: Simon Wilson
Status: Director