DISS COMMUNITY TEAM CIC
DISS COMMUNITY TEAM CIC
DISS COMMUNITY TEAM CIC
Company limited by guarantee
Company Registration Number:
04526671 (England and Wales)
Unaudited statutory accounts for the year ended 31 March 2023
Period of accounts
Start date: 1 April 2022
End date: 31 March 2023
DISS COMMUNITY TEAM CIC
Contents of the Financial Statements
for the Period Ended 31 March 2023
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
DISS COMMUNITY TEAM CIC
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2023
Principal activities of the company
Additional information
The Company’s aim is to make Diss a better place to live, work, visit or run a business. It has, as an organiser and facilitator, supported many of the events and initiatives that have taken place in the town over the last few years. This has been achieved in some cases by providing seed funding, to enable events to get established. We have also provided loans to established events where there is a reasonable prospect of them being repaid if they are a success. The third Diss Organ Festival was held in May 2023 and, again, was highly successful, attracting some 5,000 visitors to the town. The Team assisted with the Festival but, more importantly, obtained a significant grant from the Heritage Lottery Fund to enable it to take place.While we will continue to support cultural events in their broadest sense in the town, a newer objective is to improve the ‘high street’, resuscitating the retail sector of the town centre, building on the arts and heritage sector which Diss has become known for. To this end in September 2021, we rented the old Tourist Information Centre, which had been empty for 5 years, from the South Norfolk Council under a Tenancy at Will. The intention was to provide a space where new businesses could test their business model on a short-term basis without the commitment of a lease and at generous rents. An entrepreneurial craftsperson took up the challenge and within a few months had built a sustainable business showing work by over 10 local craftspeople.At the end of the lease, we moved the business to 35e Mere Street, under generous terms from the landlord, which gave us more space to expand the arts and crafts and to allow two new companies to develop their businesses – second hand records and indoor plants. The experience gained by the latter has encouraged the owners to open a shop in Bury St Edmunds. Over the period, we showed that our shop model was financially sustainable.As we present this report, the Company has, in August, moved its operation to the old Beales store, the most prominent and important retail site in Dis, again on a pop-up basis. We have expanded the existing businesses and are in discussion with new businesses to take space. The building also allows generous spaces for community activities, the first of which will be a ‘Repair Shop’.
Directors
The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023
Secretary
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
DISS COMMUNITY TEAM CIC
Profit And Loss Account
for the Period Ended
| 2023 | 2022 | |
|---|---|---|
| | £ | £ |
| 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: | ( | ( |
DISS COMMUNITY TEAM CIC
Balance sheet
As at
| Notes | 2023 | 2022 | |
|---|---|---|---|
| | £ | £ | |
| Fixed assets | |||
| Tangible assets: | 3 | | |
| Total fixed assets: | | | |
| Current assets | |||
| Stocks: | 4 | | |
| Debtors: | 5 | | |
| Cash at bank and in hand: | | | |
| Total current assets: | | | |
| Creditors: amounts falling due within one year: | 6 | ( | ( |
| Net current assets (liabilities): | | | |
| Total assets less current liabilities: | | | |
| Total net assets (liabilities): | | | |
| Members' funds | |||
| Profit and loss account: | | | |
| Total members' funds: | | |
The notes form part of these financial statements
DISS COMMUNITY TEAM 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
DISS COMMUNITY TEAM CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
-
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 Tangible fixed assets depreciation policy
3 years depreciation on machinery etc. Since the CIC is operating on short term pop-up leases it is not now capitalising minor improvements which were previously regarded as fixed asset investment
DISS COMMUNITY TEAM CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
-
2. Employees
2023 2022 Average number of employees during the period 0 0
DISS COMMUNITY TEAM CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
3. Tangible assets
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
|---|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ | £ |
| At 1 April 2022 | | | ||||
| Additions | ||||||
| Disposals | ||||||
| Revaluations | ||||||
| Transfers | ||||||
| At 31 March 2023 | | | ||||
| Depreciation | ||||||
| At 1 April 2022 | | | ||||
| Charge for year | | | ||||
| On disposals | ||||||
| Other adjustments | ||||||
| At 31 March 2023 | | | ||||
| Net book value | ||||||
| At 31 March 2023 | | | ||||
| At 31 March 2022 | | |
DISS COMMUNITY TEAM CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
4. Stocks
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Stocks | | |
| Total | | |
DISS COMMUNITY TEAM CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
5. Debtors
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Trade debtors | | |
| Total | | |
| Debtors due after more than one year: | | |
DISS COMMUNITY TEAM CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
6. Creditors: amounts falling due within one year note
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Trade creditors | | |
| Total | | |
COMMUNITY INTEREST ANNUAL REPORT
DISS COMMUNITY TEAM CIC
Company Number: 04526671 (England and Wales)
Year Ending: 31 March 2023
Company activities and impact
The principal activity of the Company is to act for the benefit of the inhabitants of Diss and the surrounding area, particularly through the encouragement of the arts and heritage.The Company’s aim is to make Diss a better place to live, work, visit or run a business. It has, as an organiser and facilitator, supported many of the events and initiatives that have taken place in the town over the last few years. This has been achieved in some cases by providing seed funding, to enable events to get established. We have also provided loans to established events where there is a reasonable prospect of them being repaid if they are a success. The third Diss Organ Festival was held in May 2023 and, again, was highly successful, attracting some 5,000 visitors to the town. The Team assisted with the Festival but, more importantly, obtained a significant grant from the Heritage Lottery Fund to enable it to take place.While we will continue to support cultural events in their broadest sense in the town, a newer objective is to improve the ‘high street’, resuscitating the retail sector of the town centre, building on the arts and heritage sector which Diss has become known for. To this end in September 2021, we rented the old Tourist Information Centre, which had been empty for 5 years, from the South Norfolk Council under a Tenancy at Will. The intention was to provide a space where new businesses could test their business model on a short-term basis without the commitment of a lease and at generous rents. An entrepreneurial craftsperson took up the challenge and within a few months had built a sustainable business showing work by over 10 local craftspeople.At the end of the lease, we moved the business to 35e Mere Street, under generous terms from the landlord, which gave us more space to expand the arts and crafts and to allow two new companies to develop their businesses – second hand records and indoor plants. The experience gained by the latter has encouraged the owners to open a shop in Bury St Edmunds. Over the period, we showed that our shop model was financially sustainable.As we present this report, the Company has, in August, moved its operation to the old Beales store, the most prominent and important retail site in Dis, again on a pop-up basis. We have expanded the existing businesses and are in discussion with new businesses to take space. The building also allows generous spaces for community activities, the first of which will be a ‘Repair Shop’.
Consultation with stakeholders
Bi monthly meetings. Circulation of matters of interest and accounts.
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
30 August 2023
And signed on behalf of the board by:
Name: Alan Franks
Status: Director