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REGISTERED NUMBER: 03438761 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GROWING COMMUNITIES

GROWING COMMUNITIES (REGISTERED NUMBER: 03438761)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GROWING COMMUNITIES

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: K Dalmeny
R Dana
G Gilbert
S Havard
N Silk
A Khalfaoui
C Hitchcock
A McDonell





SECRETARY: J Brown





REGISTERED OFFICE: The Old Fire Station
61 Leswin Road
London
N16 7NX





REGISTERED NUMBER: 03438761 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

GROWING COMMUNITIES (REGISTERED NUMBER: 03438761)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,780 73,782

CURRENT ASSETS
Debtors 5 52,126 56,422
Cash at bank and in hand 281,095 290,977
333,221 347,399
CREDITORS
Amounts falling due within one year 6 166,385 133,341
NET CURRENT ASSETS 166,836 214,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,616

287,840

RESERVES
Other reserves 7 - 45,438
Retained earnings 7 249,616 242,402
MEMBERS' FUNDS 249,616 287,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2023 and were signed on its behalf by:





R Dana - Director


GROWING COMMUNITIES (REGISTERED NUMBER: 03438761)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Growing Communities is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 20% on cost and 10% on cost
Office equipment - 25% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Turnover
Turnover represents sales of organic vegetables which are sold through the company's weekly box scheme, proceeds from the running of a farmers market together with grants and donations received. Grants and donations are brought into account on receipt unless their receipt is reasonably certain in which case they are brought into account when notified. Grants received in advance are shown as deferred income (within creditors) and are taken to income when conditions for these are satisfied.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion of the work.

Financial instruments
To reflect the principles based approach to preparing financial statements it is necessary to define a number of concepts previously known as assets, liabilities and equity. Financial instruments is the collective name for these; financial instruments are classified and accounted for, according to the substance of the contractual arrangement under which they arise. They are classified as either financial assets, financial liabilities or equity instruments.

Loan reserve
Funds provided to the company for the purpose of making loans to other organisations who undertake similar activities are taken directly to a special reserve which is separated into subfunds for distributed and undistributed funds. Interest arising from such funds will be taken to the profit and loss account. Bad debts arising from loans made are written off to the reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 27 ) .

GROWING COMMUNITIES (REGISTERED NUMBER: 03438761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Leasehold Office
property equipment Totals
£    £    £   
COST
At 1 April 2022 24,954 200,269 225,223
Additions - 42,078 42,078
At 31 March 2023 24,954 242,347 267,301
DEPRECIATION
At 1 April 2022 24,954 126,487 151,441
Charge for year - 33,080 33,080
At 31 March 2023 24,954 159,567 184,521
NET BOOK VALUE
At 31 March 2023 - 82,780 82,780
At 31 March 2022 - 73,782 73,782

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,896 43,922
Other debtors 11,230 12,500
52,126 56,422

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 92,517 101,154
Other creditors 73,868 32,187
166,385 133,341

7. RESERVES


Undistributed
loan funds
Profit and loss
account

Totals
£££
At 1 April 202245,438242,402287,840
Profit for the year-7,2147,214
Distribution of loan funds(45,438)(45,438)
At 31 March 2023-249,616249,616

8. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee. In the event that the company is wound up, the member's liability will not exceed £1 each.