for the Period Ended 31 May 2025
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 2025 | 2024 | |
|---|---|---|
|
|
£ |
£ |
| Turnover: |
|
|
| Cost of sales: |
(
|
(
|
| Gross profit(or loss): |
|
|
| Administrative expenses: |
(
|
(
|
| Operating profit(or loss): |
( |
|
| Profit(or loss) before tax: |
( |
|
| Profit(or loss) for the financial year: |
( |
|
As at
| Notes | 2025 | 2024 | |
|---|---|---|---|
|
|
£ |
£ |
|
| Current assets | |||
| Cash at bank and in hand: |
|
|
|
| Total current assets: |
|
|
|
| Creditors: amounts falling due within one year: | 3 |
(
|
(
|
| Net current assets (liabilities): |
|
|
|
| Total assets less current liabilities: |
|
|
|
| Accruals and deferred income: |
(
|
(
|
|
| Total net assets (liabilities): |
( |
( |
|
| Members' funds | |||
| Profit and loss account: |
( |
( |
|
| Total members' funds: |
( |
( |
The notes form part of these financial statements
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 31 May 2025
Basis of measurement and preparation
for the Period Ended 31 May 2025
| 2025 | 2024 | |
|---|---|---|
| Average number of employees during the period |
|
|
for the Period Ended 31 May 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Other creditors |
|
|
| Total |
|
|
We set up the CIC to deliver STEM/STREAM activities following the decision by the local council and college to close the Fab Lab and star centre. Our general aim is to work with schools, youth groups, social prescribers to deliver mainly practical activities to encourage an interest in stem related careers and/or improve mental health. Clearly the covid lock down has severely impacted on our development and ability to deliver however we have been able to support the community by the manufacturing of some protective screens and have produced a number of "bird box kit's" including all consumables and a screw driver for those learners who were experiencing "difficulties" with home learning, this was particularly successful and we were able to quadruple our funding grants in order to widen participation this has reached 200 learners and carers across the district and has given us valuable contacts with the eductional sector. We have supported local traders and companies with improvements or adaptations to equipment to increase capacity or reduce costs. We have worked with our landlords to apply for a towns fund grant for in excess of one million pounds to improve the building and develop a derelict property on site into a learning academy which appears to have been successful to the extent that we are now looking at working with our local council and university on a significant pilot project which will potentially have regional and national planning and tourism implications along with our educational aims and objectives.
As stated in part 1, our objectives have been severely impacted by covid however we have managed to establish links with a range of schools and youth groups, and of course funders. We have established links with similar "groups" across the region who would like us to underpin their delivery of educational projects. We have significant support from council leaders both political and officer level. Our links with the university will underpin their outreach work. A survey as part of our towns fund bid confirms there is a strong local appetite for some traditional "night school" classes which we will run in conjunction with our landlords.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
28 May 2026
And signed on behalf of the board by:
Name: MOSLEY, Bernard James Domonic
Status: Director