PPE 4 COMMUNITY CIC
PPE 4 COMMUNITY CIC
PPE 4 COMMUNITY CIC
Company limited by guarantee
Company Registration Number:
12674148 (England and Wales)
Unaudited statutory accounts for the year ended 30 June 2021
Period of accounts
Start date: 16 June 2020
End date: 30 June 2021
PPE 4 COMMUNITY CIC
Contents of the Financial Statements
for the Period Ended 30 June 2021
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
PPE 4 COMMUNITY CIC
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 June 2021
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
16 June 2020 to 30 June 2021
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
PPE 4 COMMUNITY CIC
Profit And Loss Account
for the Period Ended
2021 | ||
---|---|---|
| £ | |
Turnover: | | |
Cost of sales: | ( | |
Gross profit(or loss): | | |
Administrative expenses: | ( | |
Operating profit(or loss): | ( | |
Profit(or loss) before tax: | ( | |
Tax: | ( | |
Profit(or loss) for the financial year: | ( |
PPE 4 COMMUNITY CIC
Balance sheet
As at
Notes | 2021 | ||
---|---|---|---|
| £ | ||
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | ||
Current assets | |||
Cash at bank and in hand: | | ||
Total current assets: | | ||
Creditors: amounts falling due within one year: | 4 | ( | |
Net current assets (liabilities): | ( | ||
Total assets less current liabilities: | ( | ||
Provision for liabilities: | ( | ||
Total net assets (liabilities): | ( | ||
Members' funds | |||
Profit and loss account: | ( | ||
Total members' funds: | ( |
The notes form part of these financial statements
PPE 4 COMMUNITY CIC
Balance sheet 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
PPE 4 COMMUNITY CIC
Notes to the Financial Statements
for the Period Ended 30 June 2021
-
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Tangible fixed assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Freehold buildings - over 50 yearsLeasehold land and buildings - over the lease termPlant and machinery - over 5 yearsFixtures, fittings, tools and equipment - over 5 yearsComputer equipment - over 3 years Intangible fixed assets amortisation policy
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Other accounting policies
InvestmentsInvestments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.StockStocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.ProvisionsProvisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.Foreign currency translationTransactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.Leased assetsA lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.PensionsContributions to defined contribution plans are expensed in the period to which they relate.
PPE 4 COMMUNITY CIC
Notes to the Financial Statements
for the Period Ended 30 June 2021
-
2. Employees
2021 Average number of employees during the period 0
PPE 4 COMMUNITY CIC
Notes to the Financial Statements
for the Period Ended 30 June 2021
3. Tangible assets
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 June 2021 | | | ||||
Depreciation | ||||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 30 June 2021 | | | ||||
Net book value | ||||||
At 30 June 2021 | | |
PPE 4 COMMUNITY CIC
Notes to the Financial Statements
for the Period Ended 30 June 2021
4. Creditors: amounts falling due within one year note
2021 | ||
---|---|---|
£ | ||
Trade creditors | | |
Other creditors | | |
Total | |
PPE 4 COMMUNITY CIC
Notes to the Financial Statements
for the Period Ended 30 June 2021
5. Loans to directors
Name of director receiving advance or credit: | |
Description of the transaction: | |
| |
£ | |
---|---|
Balance at | |
Advances or credits made: | |
Advances or credits repaid: | |
Balance at 30 June 2021 | |
COMMUNITY INTEREST ANNUAL REPORT
PPE 4 COMMUNITY CIC
Company Number: 12674148 (England and Wales)
Year Ending: 30 June 2021
PPE 4 Community CIC is a community interest company which supports and has supported vulnerable people in the the Stoke-On-Trent community during and since the pandemic. It has the following aims, activities and services:-Aimsa) Donated PPE, Food and essential items to elderly people, low income households and homeless people during the pandemic.b) Provided free access to training and employability support for NEET and vulnerable people within the communityc) Minimised isolationd) Empowered local peoplee) Signposted people to employment opportunities and upskilled people to enhance their employment opportunities, including voluntary opportunities.
Committee membersDirectors – Paul Smith and Robin ChakanyukaStaffordshire Community FoundationThe National LotterySupport StaffordshireThe Sentinel newspaperThe above stakeholders have supported the organisation with either leadership and mentorship, project management, grant funding, signposting service users and other community initiatives to the organisation and our projects, and supported with promotion and PR.Feedback has been received and welcomed; and the organisation is re-aligning its activities to further develop capacity in the local region with mental health awareness, upskilling and training projects and undertaking consultations on its journey to long-term sustainability.The organisation is working on grant funding applications to further the valuable and rewarding work that has been delivered so far.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
15 March 2022
And signed on behalf of the board by:
Name: Paul Smith
Status: Director