RESOURCE DENBIGHSHIRE CIC

RESOURCE DENBIGHSHIRE CIC

RESOURCE DENBIGHSHIRE CIC - Company Information

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RESOURCE DENBIGHSHIRE CIC

Company limited by guarantee

Company Registration Number:
12695850 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

RESOURCE DENBIGHSHIRE CIC

Contents of the Financial Statements

for the Period Ended 30 June 2023

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

RESOURCE DENBIGHSHIRE CIC

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023

Janine Cusworth
 Arthur Rowlands
 Jozsef Vass

The director shown below has held office during the period of
1 July 2022 to 27 July 2022

Jean Trench

The director shown below has held office during the period of
19 April 2023 to 30 June 2023

Alexander Collins

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
13 March 2024

And signed on behalf of the board by:
Name: Janine Cusworth
Status: Director

RESOURCE DENBIGHSHIRE CIC

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£
£
Turnover: 309,573 176,338
Cost of sales: ( 43,500 ) ( 16,129 )
Gross profit(or loss): 266,073 160,209
Administrative expenses: ( 341,787 ) ( 163,410 )
Other operating income: 23,431 18,614
Operating profit(or loss): (52,283) 15,413
Profit(or loss) before tax: (52,283) 15,413
Tax: ( 1,937 )
Profit(or loss) for the financial year: (52,283) 13,476

RESOURCE DENBIGHSHIRE CIC

Balance sheet

As at 30 June 2023

Notes 2023 2022


£
£
Fixed assets
Tangible assets: 3 58,906 64,563
Total fixed assets: 58,906 64,563
Current assets
Debtors: 4 36,063 22,838
Cash at bank and in hand: 1,771 39,128
Total current assets: 37,834 61,966
Creditors: amounts falling due within one year: 5 ( 46,401 ) ( 49,654 )
Net current assets (liabilities): (8,567) 12,312
Total assets less current liabilities: 50,339 76,875
Creditors: amounts falling due after more than one year: 6 ( 87,126 ) ( 61,379 )
Total net assets (liabilities): (36,787) 15,496
Members' funds
Profit and loss account: (36,787) 15,496
Total members' funds: ( 36,787) 15,496

The notes form part of these financial statements

RESOURCE DENBIGHSHIRE CIC

Balance sheet statements

For the year ending 30 June 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.

This report was approved by the board of directors on 13 March 2024
and signed on behalf of the board by:

Name: Janine Cusworth
Status: Director

The notes form part of these financial statements

RESOURCE DENBIGHSHIRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Fixtures, fittings and refurbishment costs 20percent straight lineMotor vehicles 20percent straight lineEquipment 20percent straight line

    Other accounting policies

    Government grantsGovernment grants are recognised using the accrual model and the performance model.Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

RESOURCE DENBIGHSHIRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 15 5

RESOURCE DENBIGHSHIRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2022 15,074 10,365 66,669 92,108
Additions 15,956 15,956
Disposals
Revaluations
Transfers
At 30 June 2023 15,074 26,321 66,669 108,064
Depreciation
At 1 July 2022 5,837 2,592 19,116 27,545
Charge for year 3,015 5,264 13,334 21,613
On disposals
Other adjustments
At 30 June 2023 8,852 7,856 32,450 49,158
Net book value
At 30 June 2023 6,222 18,465 34,219 58,906
At 30 June 2022 9,237 7,773 47,553 64,563

RESOURCE DENBIGHSHIRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 2022
£ £
Trade debtors 6,063 22,838
Other debtors 30,000
Total 36,063 22,838

RESOURCE DENBIGHSHIRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 500 500
Taxation and social security 10,195 3,580
Other creditors 35,706 45,574
Total 46,401 49,654

RESOURCE DENBIGHSHIRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 87,126 61,379
Total 87,126 61,379

COMMUNITY INTEREST ANNUAL REPORT

RESOURCE DENBIGHSHIRE CIC

Company Number: 12695850 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

During the last 12 months Resource has continued to develop its community offer, has increased and expanded its work with people with additional needs. Removing barriers to volunteering and employment. Resource has provided progression routes to 3 young people with additional needs to undertake apprenticeships within Resource. All items that are used are from items that have been prevented from going to waste, during the year resource have saved around 12 tonnes of items going to landfill. This has been supported by receiving a grant and purchase of an electric van to support our collectionsResource has within the last 12 months received a number of grants from various sources, to help with set up of news project and to continue to fund pre-existing projects. Resource has been awarded a contract to work in partnership with SCOPE and delivers and employability skills programme across North Wales and Anglesey.Beneficiaries are now attending resource onsite activities that include individuals with disability, learning disability, acquired brain injury, mental health and are autistic. Beneficiaries receive support to participate in a number of activities on site that includes gardening, woodworking and art. Resource also provides placements for individuals with community pay back order, working with the probation service.

Consultation with stakeholders

Key stakeholders to reSource include Denbighshire Council Work Start and Disability Placement Service, local town council members, Probation Service, public and private care providers, local businesses and voluntary sector organisations. Beneficiaries, supported volunteer, staff member and volunteers are also key stakeholders. Resource works in partnership to deliver a Welsh Government Funded programme Working on Wellbeing to support disabled adults progression. Throughout the year reSource has engaged stakeholders and beneficiaries through a number of ways, this has been in the relation to the creation of a specific project, or feedback from attending resource activities. Consultations have includedAttendance at town council meetings to consult with councillors on a Library of Things projectSteering group creation for projects- such as Bws BenthygElectronic service to seek opinion and ideas about resource activities- surveysFeedback is sought informally and as via a assessed best method to seek feedback from beneficiaries, this has been formal through a ‘get together day’ for volunteers and supported volunteersTailoring activities to individual needsAssessing engagement and likes/dislikes with beneficiaries this could be through asking questions, expressions thumbs up/down

Directors' remuneration

Remuneration received by one Director- for wage acting as Managing Director

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 March 2024

And signed on behalf of the board by:
Name: Janine Cusworth
Status: Director