KINDER HANDL COMMUNITY ENTERPRISE CIC
KINDER HANDL COMMUNITY ENTERPRISE CIC
KINDER HANDL COMMUNITY ENTERPRISE CIC
Company limited by guarantee
Company Registration Number:
SC583026 (Scotland)
Unaudited statutory accounts for the year ended 30 December 2022
Period of accounts
Start date: 31 December 2021
End date: 30 December 2022
KINDER HANDL COMMUNITY ENTERPRISE CIC
Contents of the Financial Statements
for the Period Ended 30 December 2022
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
KINDER HANDL COMMUNITY ENTERPRISE CIC
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 December 2022
Directors
The directors shown below have held office during the whole of the period from
31 December 2021 to 30 December 2022
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
KINDER HANDL COMMUNITY ENTERPRISE CIC
Profit And Loss Account
for the Period Ended
2022 | 2021 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | | |
Tax: | ( | |
Profit(or loss) for the financial year: | ( | |
KINDER HANDL COMMUNITY ENTERPRISE CIC
Balance sheet
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | 3 | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | | ( | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 6 | ( | |
Provision for 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
KINDER HANDL COMMUNITY ENTERPRISE 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
KINDER HANDL COMMUNITY ENTERPRISE CIC
Notes to the Financial Statements
for the Period Ended 30 December 2022
-
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 is reduced for estimated customer returns, rebates and other similar allowances. Tangible fixed assets depreciation policy
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives. Other accounting policies
2.5.TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
KINDER HANDL COMMUNITY ENTERPRISE CIC
Notes to the Financial Statements
for the Period Ended 30 December 2022
-
2. Employees
2022 2021 Average number of employees during the period 12 10
KINDER HANDL COMMUNITY ENTERPRISE CIC
Notes to the Financial Statements
for the Period Ended 30 December 2022
3. Tangible assets
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 31 December 2021 | | | ||||
Additions | | | ||||
Disposals | | | ||||
Revaluations | | | ||||
Transfers | | | ||||
At 30 December 2022 | | | ||||
Depreciation | ||||||
At 31 December 2021 | | | ||||
Charge for year | | | ||||
On disposals | | | ||||
Other adjustments | | | ||||
At 30 December 2022 | | | ||||
Net book value | ||||||
At 30 December 2022 | | | ||||
At 30 December 2021 | | |
KINDER HANDL COMMUNITY ENTERPRISE CIC
Notes to the Financial Statements
for the Period Ended 30 December 2022
4. Debtors
2022 | 2021 | |
---|---|---|
£ | £ | |
Other debtors | | |
Total | | |
KINDER HANDL COMMUNITY ENTERPRISE CIC
Notes to the Financial Statements
for the Period Ended 30 December 2022
5. Creditors: amounts falling due within one year note
2022 | 2021 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
KINDER HANDL COMMUNITY ENTERPRISE CIC
Notes to the Financial Statements
for the Period Ended 30 December 2022
6. Creditors: amounts falling due after more than one year note
2022 | 2021 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Total | | |
COMMUNITY INTEREST ANNUAL REPORT
KINDER HANDL COMMUNITY ENTERPRISE CIC
Company Number: SC583026 (Scotland)
Year Ending: 30 December 2022
Kinder Handl Community Enterprise CIC has shown another year of wonderful social achievements. It has continued to enrich the lives of others with whole community inclusion offering engaging activities or quiet family time. Between the two hubs, we have enjoyed how diverse and special our local communities are, and as such work with them to provide what is essential and appealing.These facilities are offered on a free basis to enable anyone who may feel isolated or lonely to be part of their local community. Our ability to provide services and employment is granted through the ongoing donations provided by community members. The donations are recycled and if not used donated onwards to other organisations including charities, schools, volunteering groups, health professionals and social work. This enables a reduction in landfill and the opportunity to buy low cost yet high-quality second-hand goods.Whole community inclusion is the key to our continuation. Through all ages we enjoy the company of babies and young children at our children’s store as they learn through free play, all the way up to our more senior friends who participate in general socialising, free refreshments, and quiet reading at the adult’s/homeware store. We have introduced a community piano which has been hugely appreciated and anyone who feels like playing can sit and show their talents. Individuals with ASC, ADHD, frequently use this resource which helps calm and lesson anxiety. There are several areas within the children’s shop for educational purposes. A reading area, playroom, and creativity space. We can now proudly say that we have a sensory room (funded by the National Lottery) which has held classes and also private relaxation therapy for additional needs children and is open for use to anyone who may benefit from a sensory environment. We engage with families to support and encourage the benefits of play and recycling. This is a free resource offered 6 days a week, which in turn enables families and carers many opportunities to join in. The facility also provides free school uniform and nappies throughout the year and if a family is in need, we can provide the essentials without question. We often provide free resources to educational establishments to encourage a partnership in learning.We take immense pride in engaging with Glasgow Social Work, Families First, health visitors, charities, Turning Point Scotland, Money Matters, community groups and schools/nurseries. They can (in partnership with us), offer confidential advice and close contact with the needs of struggling families and provide free resources such as toys, clothing, and furniture.The sale of donations awards the opportunity of employing staff who live with mental health struggles and physical disabilities. We offer every opportunity to mentor and provide the living wage salaries to those who may find it hard to work within an alternative workplace. Individuals often thrive in a warm inclusive community space. Training and ongoing support is offered, and any additional needs are accommodated to allow these individuals equality and a chance to earn dignity and respect. It gives them a sense of purpose and drive, often excelling in their own expectations. We are now working in partnership with the Glasgow Guarantee scheme which enables us to employ a full time member of our team for a minimum for 2 years, part funded. The expectation is to develop the skillset of this young individual and continue their employment with us for the foreseeable future.We have been able to accommodate several students with their Duke of Edinburgh awards and offer many volunteering positions to Glasgow Clyde college. We have taken part in upholstery projects, drama workshops and mentoring additional need students. The individual normally fulfils their roles in many ways with a vast range of duties on offer. This increases their confidence and desirability for work in the future.Our community outreach projects are increasing and we have worked on helping a local heritage fund meet their target for publishing information on the second edition of the Guide to the battle of Langside, keeping our history alive. Most recently we helped with providing donations to a local care home to address loneliness and provide resources that would improve the residents’ environment. Kinder Handl Community Enterprise CIC engages in many social areas across two community spaces, and we feel that we satisfy the criteria of being a Community Interest Company
No consultation with stakeholders
Directors salaries of £71,435 were incurred during the year.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
26 September 2023
And signed on behalf of the board by:
Name: Marni Oakley
Status: Director