for the Period Ended 31 December 2020
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2020
Principal activities of the company
Additional information
The Company's stakeholders are its members. The Company has three classes of members, Individual, Corporate and Junior and applications for membership are made by downloading application forms from the company's website or asking for a form to be sent by post.The directors have also agreed that all general meetings of the Company will be held in the area of the wind farm and will be open to all members of the public.Due to the Covid-19 pandemic, the CIC was unable to hold its usual public AGM. A limited online AGM was held where the usual information was presented to all members attending.
Directors
The directors shown below have held office during the whole of the period from
1 January 2020 to 31 December 2020
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
for the Period Ended
2020 | 2019 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | ( | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | ( | ( |
Interest receivable and similar income: | | |
Profit(or loss) before tax: | ( | ( |
Tax: | ( | ( |
Profit(or loss) for the financial year: | ( | ( |
As at
Notes | 2020 | 2019 | |
---|---|---|---|
| £ | £ | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 3 | ( | ( |
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
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
for the Period Ended 31 December 2020
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 December 2020
2020 | 2019 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 December 2020
2020 | 2019 | |
---|---|---|
£ | £ | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
Under a grant funding agreement with Devon Wind Power Ltd, the company receives an annual community fund grant of £100,000 in August of each year. In 2011, the CIC received an initial first year grant of £1,000,000 which is being spent over several years as agreed by the members at the first AGM. The CIC started this year with an unspent balance of £541,034 onto which was added the annual grant of £100,000 and a little interest.£161,420 in grants were offered to 68 organisations during the year as set out in notes 3,4 and 5 to the financial statements. Within this total is an amount of £38,297 that the CIC has paid to 30 separate organisations as targeted Covid-19 support. Recipients of all grants are encouraged to fix a plaque buildings or equipment funded in order to encourage others to apply for similar grants. In total, up to the end of December 2020 the CIC has assisted 386 local groups and organisations to the extent of £1,392,381.The CIC spent £7,710 on administration and finished the year with an unspent balance of £474,937.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
14 July 2021
And signed on behalf of the board by:
Name: Richard Tarr
Status: Director