for the Period Ended 31 October 2022
Directors report | |
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 October 2022
Directors
The director shown below has held office during the whole of the period from
1 November 2021 to 31 October 2022
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
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 7 | ( | ( |
Provision for liabilities: | ( | ( | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 October 2022
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 October 2022
2022 | 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 October 2022
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 November 2021 | | | | |||
Additions | | | ||||
Disposals | ( | ( | ( | |||
Revaluations | ||||||
Transfers | ||||||
At 31 October 2022 | | | | |||
Depreciation | ||||||
At 1 November 2021 | | | | |||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 31 October 2022 | | | | |||
Net book value | ||||||
At 31 October 2022 | | | | |||
At 31 October 2021 | | | |
for the Period Ended 31 October 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 31 October 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Total | | |
for the Period Ended 31 October 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 31 October 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Total | | |
Staff - up hours and wagesVAT registeredConsidering the uncertainty of this year (particularly in the food sector), the business has performed well - food production and services, while also winning BBC’s Food and Farming Award for Best Shop/Market 2021.This year we have actually seen a slight downturn in revenue (though slightly up in profits). Expected after covid period, and though we have put in substantial investment, it has largely been in areas of production - production is most definitely up, but as this makes less margin, revenue hasn’t followed. This was also our first year being VAT registered, and the business has certainly made bigger contributions in terms of tax over the past 12 months.Of our £133K outgoings, pleasingly 89% of that went directly back to our local economy (producers, THCC and our salaries). A trend we definitely want to continue into the next year.It’s a mixed story for food production. Feed costs in particular have put a strain on meat and egg producers. We’ve seen Grassfruits (Pork and chicken farm) close due to land issues and general rising costs.. The egg co-op is limping on, losing Rocket & Russet production, andunfortunately not being able to build on the foundations from the year before. We have found two new meat producers (Doodales Farm and Yorkshire Pasture Poultry). Better news in other areas. Increase in quality, quantity and consistency of veg production (over the full 12 months)has been marked. Our own efforts at Howsham Polytunnels have also been our most successful to date. Prices have been kept at last year's prices, as we continue the message that supporting small scale, low input production provides a stable price point. Fruit, we have not seen a year like it. No late frosts, and a tropical summer has seen our orchards cropheavy.Our chef Jim has had an increase in hourly wage and increase in contracted hours. Jim has looked to increase our catering output. Working with EHO, we have developed new paperwork to be able to ramp up our fermentation and preservation activities which are so key to the business.We’ve continued to be part of the centre’s Isolation Grub Club, providing free lunches for the vulnerable in our local community. On top of this we have started to provide vegetables, eggs and dairy to the YourCafe project, as we look to displace supermarket waste to provide forthose struggling.For the first time we’ve worked with York Young Carers, running multiple cooking groups for primary, secondary and young adult ages. And we’ve also looked to generate more revenue through outside catering jobs. The markets have continued much the same.
Food Producers -Difficult year for coordination. Market pressures have made for a more individualistic approach. We have worked closer this year with Nigel the Chilliman, developing crop plans to align with market needs. The Orchard Co-op have processed more bottles of juice than ever before. And we continue to welcome new producers to our monthly producer market.The Grain Alliance have continued to meet this year, culminating in a Grain Changers event at Tang Hall in October. It brought together farmers, millers, bakers and the general public from all over Yorkshire and beyond, acting as a successful showcase of the work the Alliance hasbeen doing over the past 3 years.Market Customer base -We picked up a lot of new customers the months immediately after the BBC awards, though the vast majority have not become regulars. With the market becoming busier, it has become increasingly hard to articulate our mission and story. There have not been a lot of opportunities for engagement, though the customer feedback have reinforced the changesthat they would like to see going forward - a more convenient and straightforward service. Unfortunately, we feel more strongly than ever that a move towards convenience is at odds with our vision to build the local food economy.Tang Hall Community Centre -Our relationship with the centre has grown stronger. Difficulties with rising energy costs has been dealt with in an easy and open way. They have been flexible and accommodating.Activists -Increased interest from individuals / community groups and researchers in food production and regenerative systems. We’ve been sent to Scotland on research trip by the Organic Research Centre. Attended Grain Lab in Nottingham. And was a speaker at the Real Farming Conference in January.
Director's salary of £12,570 was paid.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
11 August 2023
And signed on behalf of the board by:
Name: Joseph M Fennerty
Status: Director