Registered number 1197671
Beartown Rickshaw CIO
Report and Accounts
31 August 2023
Beartown Rickshaw CIO Registered number: 1197671 Directors' Report
The trustees present their report and accounts for the year ended 31 August 2023.
Principal activities
The company's principal activity during the year continued to be the provision of rickshaw rides to promote the health and social benefits in the community.
Trustees
The following persons served as trustees during the year:
Mr AP Bolding Mrs VJ Scaresbrook Ms J Dooney Mrs EJ Bolding Mr AL Scaresbrook Mr JPA Hall Ms AS Kirby (resigned)
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 30 January 2024 and signed on its behalf.
Mr AP Bolding Trustee
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Beartown Rickshaw CIO Profit and Loss Account for the year ended 31 August 2023
| Turnover Administrative expenses Operating profit Interest receivable Profit before taxation Tax on profit Profit for the financial year |
2023 £ 15,637 (6,429) 9,208 5 9,213 - 9,213 |
2022 £ 5,355 (5,106) 249 - 249 - 249 |
|---|---|---|
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Beartown Rickshaw CIO Registered number: 1197671 Balance Sheet as at 31 August 2023
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 6 Net assets Capital and reserves Profit and loss account Shareholder's funds |
2023 £ 6,225 - 11,790 11,790 (3,458) 8,332 14,557 (3,459) 11,098 11,098 11,098 |
2022 £ 8,300 399 3,561 3,960 (3,458) 502 8,802 (6,917) 1,885 1,885 1,885 |
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs EJ Bolding Trustee Approved by the board on 30 January 2024
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Beartown Rickshaw CIO Statement of Changes in Equity for the year ended 31 August 2023
| At 1 September 2021 Profit for the financial year At 31 August 2022 At 1 September 2022 Profit for the financial year At 31 August 2023 |
Share capital £ - - - - |
Share premium £ - - - - |
Re- valuation reserve £ - - - - |
Profit and loss account £ 1,636 249 1,885 1,885 9,213 11,098 |
Total £ 1,636 249 1,885 1,885 9,213 11,098 |
|---|---|---|---|---|---|
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Beartown Rickshaw CIO Notes to the Accounts for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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
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:
Rickshaw 25% reducing balance
Debtors
Short 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.
Creditors
Short 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.
Grants received
Grants received to purchase the rickshaw are being spread over 4 years to approximate to the expected useful life of the rickshaw.
| 2 Employees Average number of persons employed by the company |
2023 Number 0 |
2022 Number 0 |
|---|---|---|
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Beartown Rickshaw CIO Notes to the Accounts for the year ended 31 August 2023
3 Tangible fixed assets
| Cost At 1 September 2022 At 31 August 2023 Depreciation At 1 September 2022 Charge for the year At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022 4 Debtors Income tax reclaimable on Gift Aid 5 Creditors: amounts falling due within one year Grant income deferred 6 Creditors: amounts falling due after one year Grant income deferred |
2023 £ - 2023 £ 3,458 2023 £ 3,459 |
Rickshaw £ 11,067 11,067 2,767 2,075 4,842 6,225 8,300 2022 £ 399 2022 £ 3,458 2022 £ 6,917 |
|---|---|---|
7 Controlling party
The company is controlled by its trustees, who have no beneficial interest in the charity or its assets.
8 Other information
Beartown Rickshaw CIO is a charitable incorporated organisation without a share capital and incorporated in England. Its registered office is: 7 Manor Close
Congleton CW12 3LB
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Beartown Rickshaw CIO
Detailed profit and loss account for the year ended 31 August 2023
This schedule does not form part of the statutory accounts
| Sales Administrative expenses Operating profit Interest receivable Profit before tax |
2023 £ 15,637 (6,429) 9,208 5 9,213 |
2022 £ 5,355 (5,106) 249 - 249 |
|---|---|---|
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Beartown Rickshaw CIO
Detailed profit and loss account for the year ended 31 August 2023
This schedule does not form part of the statutory accounts
| Sales Donations Grants received Income tax claimable on donations Administrative expenses Employee costs: Volunteer events Motor expenses General administrative expenses: Telephone and internet Postage Stationery and printing Bank charges Insurance IT costs Cycle maintenance Clothing Tools Depreciation Sundry expenses Legal and professional costs: Advertising and PR DBS checks |
2023 £ 9,754 5,083 800 15,637 157 399 556 - 15 - 234 742 86 2,036 428 - 2,075 6 5,622 126 125 251 6,429 |
2022 £ 1,497 3,459 399 5,355 301 - 301 260 - 90 - 642 - 286 346 68 2,767 266 4,725 80 - 80 5,106 |
|---|---|---|
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