for the Period Ended 31 August 2021
Directors report | |
Profit and loss | |
Balance sheet | |
Additional 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 August 2021
Directors
The director shown below has held office during the whole of the period from
20 August 2020 to 31 August 2021
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
2021 | ||
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| £ | |
Turnover: | | |
Cost of sales: | ( | |
Gross profit(or loss): | | |
Administrative expenses: | ( | |
Operating profit(or loss): | ( | |
Profit(or loss) before tax: | ( | |
Tax: | | |
Profit(or loss) for the financial year: | ( |
As at
Notes | 2021 | ||
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| £ | ||
Current assets | |||
Cash at bank and in hand: | | ||
Total current assets: | | ||
Net current assets (liabilities): | | ||
Total assets less current liabilities: | | ||
Accruals and deferred income: | ( | ||
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 August 2021
Basis of measurement and preparation
for the Period Ended 31 August 2021
2021 | ||
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Average number of employees during the period | |
Projectfivek was established in December 2020 as a Community interest Company (CIC). The Company provides practical and on-going support for families who face day to day financial challenges with the assistance of supermarket vouchers, meal kits and essential hygiene packages. During the last financial year, the Company has been working with two schools in the local community. Projectfivek responded to the financial challenges faced by some of the families who were struggling due to the Covid pandemic and the subsequent cost of living crisis. The company was able to help 30 families in two schools with supermarket food vouchers. The food vouchers have provided a vital practical support for the families who are facing increased energy and food costs. The vouchers have been a lifeline to the families and has meant they have food to eat at a time when money has been especially short. This in turn has had a positive impact on the children who attend the schools concerned and enables them to focus on learning. Teachers have reported that the children of the families the company has supported, have shown improved attendance and learning. During the year the Company in collaboration with the local council and interfaith organisations were part of a Hot Food Project. Projectfivek with the help of local volunteers led the project to cook weekly hot meals for 11 families. The duration of the project was for 12 weeks. The company delivered 528 meals over the period. Without exception the families gave the company positive feedback for the hot meals delivered to their homes. They reported that they were nutritious, portions were generous and tasty. The families appreciated the support of the meals as they were struggling to feed their children due to the financial challenges that they were facing.
The company’s stakeholders are the schools, families, local council, and interfaith organisations. The company initially contacted the schools at the commencement of the pandemic. The schools identified that there were families who needed support to feed their children. The schools suggested food parcels a way to alleviate the poverty experienced by some of the families. The company took this on board and after further consideration, it felt that the families would be given food vouchers. A questionnaire was sent to all families after they had received the vouchers. The feedback from the survey was that the vouchers gave families flexibility to shop according to preferences, the vouchers had made a real difference to the families struggling to put food on the table. The vouchers also helped families to make their limited finances stretch to buy the extra e.g. clothes, treats etc for their children.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
15 June 2022
And signed on behalf of the board by:
Name: Pastor Charles Francis
Status: Director