MALMESBURY TOWN TEAM CIC

Company limited by guarantee

Company Registration Number:
12072909 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2026

Period of accounts

Start date: 1 July 2025

End date: 30 June 2026

MALMESBURY TOWN TEAM CIC

Contents of the Financial Statements

for the Period Ended 30 June 2026

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

MALMESBURY TOWN TEAM CIC

Profit And Loss Account

for the Period Ended 30 June 2026

2026 2025


£

£
Turnover: 36,550 73,517
Cost of sales: ( 16,802 ) ( 60,737 )
Gross profit(or loss): 19,748 12,780
Distribution costs: 0 0
Administrative expenses: ( 20,008 ) ( 14,500 )
Other operating income: 0 0
Operating profit(or loss): (260) (1,720)
Profit(or loss) before tax: (260) (1,720)
Profit(or loss) for the financial year: (260) (1,720)

MALMESBURY TOWN TEAM CIC

Balance sheet

As at 30 June 2026

Notes 2026 2025


£

£
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 1,724 6,693
Cash at bank and in hand: 28,211 19,537
Investments:   0 0
Total current assets: 29,935 26,230
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 22,071 ) ( 18,106 )
Net current assets (liabilities): 7,864 8,124
Total assets less current liabilities: 7,864 8,124
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): 7,864 8,124
Members' funds
Profit and loss account: 7,864 8,124
Total members' funds: 7,864 8,124

The notes form part of these financial statements

MALMESBURY TOWN TEAM CIC

Balance sheet statements

For the year ending 30 June 2026 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 18 September 2026
and signed on behalf of the board by:

Name: Robert Learmonth Snedden
Status: Director

The notes form part of these financial statements

MALMESBURY TOWN TEAM CIC

Notes to the Financial Statements

for the Period Ended 30 June 2026

  • 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

MALMESBURY TOWN TEAM CIC

Notes to the Financial Statements

for the Period Ended 30 June 2026

  • 2. Employees

    2026 2025
    Average number of employees during the period 0 0

MALMESBURY TOWN TEAM CIC

Notes to the Financial Statements

for the Period Ended 30 June 2026

3. Debtors

2026 2025
£ £
Trade debtors 1,724 6,693
Prepayments and accrued income 0 0
Other debtors 0 0
Total 1,724 6,693
Debtors due after more than one year: 0 0

MALMESBURY TOWN TEAM CIC

Notes to the Financial Statements

for the Period Ended 30 June 2026

4. Creditors: amounts falling due within one year note

2026 2025
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1,150 3,357
Taxation and social security 0 0
Accruals and deferred income 7,921 4,050
Other creditors 13,000 10,699
Total 22,071 18,106

COMMUNITY INTEREST ANNUAL REPORT

MALMESBURY TOWN TEAM CIC

Company Number: 12072909 (England and Wales)

Year Ending: 30 June 2026

Company activities and impact

Malmesbury Town Team has continued to deliver significant community benefits as a Community Interest Company. Its partnership approach with Malmesbury Town Council in the management and supply of activities supporting the promotion of Malmesbury as a place to visit and spend time is continuing to develop to good effect. These include the operation of the ‘Discover Malmesbury’ and ‘Explore Malmesbury’ brands, and the publication of a new Malmesbury Official Visitor Guide and Map distributed to 12,000 people through 70 outlets. The print version of the Town Team’s new What’s On seasonal brochure, called The List, is directly mailed to 7,200 addresses in the local area, with a further 1000 being distributed via other means, and an online version published on the Discover Malmesbury website. As part of the Town Team’s new marketing and communications strategy, we have delivered of a range of social media activities and partnership work with Visit Wiltshire and the Great West Way. Our advocacy led to The Sunday Times declaring Malmesbury to be the Best Place to Live in the South West 2026, closely followed by the Daily Express awarding a similar accolade. Malmesbury Town Team undertakes actions which promote Malmesbury and the surrounding areas as an attractive visitor destination. It encourages local residents and visitors to spend more time and money with local businesses, thereby improving their resilience and increasing employment opportunities and the vitality of the local economy. It will work to improve the quality of community life by enabling, promoting and delivering events and activities that animate the town, engage visitors and residents, and increase the sustainability and well-being of the local community. In June 2026 we commissioned Flying Geese Consultancy to undertake visitor research in order for us to benchmark the town’s performance against similar size market towns in the region. The research aims to understand the dynamics of the visitor economy in Malmesbury. The research insights will enable the Town Team to develop marketing strategies which adapt to changing visitor needs and demands, to improve the visitor experience and offer, and ultimately to increase revenue. Malmesbury Town Team also works closely with Malmesbury Town Council and other partners to develop new and enhanced cultural, social and environmental amenities which improve the quality of community life. A new development this year has been supporting the inaugural Malmesbury River Festival in May/June and the Malmesbury Magical History Tour event in July 2026. The Business Network convened by the Town Team meets every two months has brought the retail, service and hospitality businesses together, and provided impetus for the production of The Guide, a publication celebrating the independent retail and hospitality offer in the Malmesbury area, available free in print and electronic form. Consultation with local business representatives informs the Town Team’s future activities. The annual grant by the Town Council was renewed in April 2025, along with additional support from the Wiltshire Towns High Street Activity fund, a Wiltshire Council funding stream managed by the Town Council. In parallel, the Town Team has maintained its valued sponsorship by the Old Bell Hotel.

Consultation with stakeholders

With support from Malmesbury Town Council, the Town Team convened a range of local civic, cultural and heritage stakeholders to frame a bid for UK Town of Culture 2028. Although Malmesbury was not shortlisted, the stakeholders undertook a further workshop and resolved to deliver the key elements of the programme outlined in the bid, within available resources and, where possible, through alternative fundraising. The Town Team itself comprises a range of stakeholders including business, marketing, heritage and local authority representatives, and this wider group meets monthly to discuss current and future plans and to monitor progress against activities and outcomes in our business plan.

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
18 September 2026

And signed on behalf of the board by:
Name: Robert Learmonth Snedden
Status: Director