RUTLAND FIRST CIC

RUTLAND FIRST CIC

RUTLAND FIRST CIC - Company Information

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RUTLAND FIRST CIC

Company limited by guarantee

Company Registration Number:
08943486 (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

RUTLAND FIRST CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

RUTLAND FIRST CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 0 556
Investments:   0 0
Total fixed assets: 0 556
Current assets
Debtors: 4 1,510 305
Cash at bank and in hand: 39,107 88,084
Total current assets: 40,617 88,389
Creditors: amounts falling due within one year: 5 ( 739 ) ( 4,567 )
Net current assets (liabilities): 39,878 83,822
Total assets less current liabilities: 39,878 84,378
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 32,062 ) ( 77,676 )
Total net assets (liabilities): 7,816 6,702
Members' funds
Profit and loss account: 7,816 6,702
Total members' funds: 7,816 6,702

The notes form part of these financial statements

RUTLAND FIRST CIC

Balance sheet statements

For the year ending 31 March 2023 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 15 September 2023
and signed on behalf of the board by:

Name: Chairman, Miles Williamson-Noble
Status: Director

The notes form part of these financial statements

RUTLAND FIRST 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

    Depreciation is recognised so as to write off the cost of the asset less their residual values over their useful lives on the following basis:Fixtures, fittings and equipment over 5 years

    Other accounting policies

    Impairment of Fixed AssetsCash and cash equivalentsFinancial InstrumentsEmployee benefitsRetirement benefitsOther grants

RUTLAND FIRST CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 2

RUTLAND FIRST 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 1,597 1,597
Additions
Disposals ( 1,597 ) ( 1,597 )
Revaluations
Transfers
At 31 March 2023 0 0
Depreciation
At 1 April 2022 1,041 1,041
Charge for year 106 106
On disposals ( 1,147 ) ( 1,147 )
Other adjustments
At 31 March 2023 0 0
Net book value
At 31 March 2023 0 0
At 31 March 2022 556 556

RUTLAND FIRST CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 305
Other debtors 1,510
Total 1,510 305

RUTLAND FIRST CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 739 4,084
Taxation and social security 348
Other creditors 135
Total 739 4,567

Unspent grants (deferred income) are held in trust for Big Lottery for expenditure on exclusively on the Resilient Rutland project.

COMMUNITY INTEREST ANNUAL REPORT

RUTLAND FIRST CIC

Company Number: 08943486 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Over the course of the last four years, the Company has benefitted from a grant from National Lottery. These funds have been funds have been used to provide support the mental health of young people in Rutland. This project is known as Resilient Rutland. Services provided have included, counselling for young people, training for teachers, funding of activities and materials to support mental health of young people and provision and access to materials for parents.This project came to an end in July 2023. In the meantime, the Company has been seeking other opportunities to support young people in Rutland. To date, this comprises a "Youth Space" for young people to meet after school once a week on a supervised basis for young people in Uppingham, Rutland.

Consultation with stakeholders

Stakeholders include:Rutland County CouncilSecondary and Primary Schools in RutlandLeicester,Leicestershire Partnership Trust and Commissioning GroupYoung People's representative groups.Consultation was through a Steering group, chaired by a director of the Company and through direct contact with stakeholder representatives.

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
15 September 2023

And signed on behalf of the board by:
Name: Miles Williamson-Noble
Status: Director