TRANSITION TURRIEFIELD C.I.C.

Company limited by guarantee

Company Registration Number:
SC391625 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

TRANSITION TURRIEFIELD C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TRANSITION TURRIEFIELD C.I.C.

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The company's principal activity during the year continued to be to produce fruit and vegetables for local consumption.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Penny Armstrong
Alan Robertson
Jeffrey Gaskell
Fiona Stirling
Deryn Relph


The director shown below has held office during the period of
16 January 2023 to 31 March 2023

Nathalie Pion


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
22 November 2023

And signed on behalf of the board by:
Name: Penny Armstrong
Status: Director

TRANSITION TURRIEFIELD C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 12,877 17,261
Cost of sales: ( 3,097 ) ( 2,471 )
Gross profit(or loss): 9,780 14,790
Administrative expenses: ( 54,344 ) ( 57,244 )
Other operating income: 38,224 57,160
Operating profit(or loss): (6,340) 14,706
Profit(or loss) before tax: (6,340) 14,706
Profit(or loss) for the financial year: (6,340) 14,706

TRANSITION TURRIEFIELD C.I.C.

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 20,069 22,100
Total fixed assets: 20,069 22,100
Current assets
Debtors: 4 9,287 19,394
Cash at bank and in hand: 17,816 19,476
Total current assets: 27,103 38,870
Creditors: amounts falling due within one year: 5 ( 7,566 ) ( 15,609 )
Net current assets (liabilities): 19,537 23,261
Total assets less current liabilities: 39,606 45,361
Creditors: amounts falling due after more than one year: 6 ( 53,685 ) ( 53,100 )
Total net assets (liabilities): (14,079) (7,739)
Members' funds
Profit and loss account: (14,079) ( 7,739)
Total members' funds: ( 14,079) (7,739)

The notes form part of these financial statements

TRANSITION TURRIEFIELD C.I.C.

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 November 2023
and signed on behalf of the board by:

Name: Penny Armstrong
Status: Director

The notes form part of these financial statements

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other thanfreehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life,

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 23,026 10,605 18,707 52,338
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 23,026 10,605 18,707 52,338
Depreciation
At 1 April 2022 4,767 6,764 18,707 30,238
Charge for year 681 1,350 2,031
On disposals
Other adjustments
At 31 March 2023 5,448 8,114 18,707 32,269
Net book value
At 31 March 2023 17,578 2,491 0 20,069
At 31 March 2022 18,259 3,841 0 22,100

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 354 201
Other debtors 8,933 19,193
Total 9,287 19,394

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 238
Other creditors 7,566 15,371
Total 7,566 15,609

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 53,685 53,100
Total 53,685 53,100

COMMUNITY INTEREST ANNUAL REPORT

TRANSITION TURRIEFIELD C.I.C.

Company Number: SC391625 (Scotland)

Year Ending: 31 March 2023

Company activities and impact

Transition Turriefield is a community run social enterprise growing fruit and vegetables for the Shetland community. Our Grow Shetland project is now in its second year. This year, post covid restrictions, we have been able to increase our work with individuals, community groups, statutory organisations and schools to establish growing projects and grow more of their own produce. The Grow Shetland project works in partnership with the Shetland Islands Council to improve access to quality fresh produce for low income households and go some way towards improving food security for the Shetland Isles.In the 2022-23 financial year the Grow Shetland project we have:- Delivered six face to face workshops with a total of 66 participants, providing information on improving soil health, organic growing, increasing biodiversity, undercover conditions and dealing with pests and diseases- Delivered 16 online workshops, covering similar topics, with an average of 20 participants for each workshop- Supported 3 community groups to plan their growing spaces and increase community involvement; visiting their sites and drawing up plot plans- Worked with 5 statutory organisations to establish plan or develop their growing plots for their user groups. Participants of these organisations are often vulnerable or low income households- Continued to support our 3 geographical Growers Groups (north, south and west mainland) to share knowledge and encourage food growing in their communities - Supported our Grower Mentors to work with 16 individual households across Shetland to mentor them in their food growing- Worked with six schools to develop their growing spaces- Hosted 2 school visits at the Turriefield site for a total of 24 pupils- Delivered 2 workshops in schools as part of their health week programme- Delivered two information and learning sessions for school groups as part of the Shetland Islands Council climate change festival with a total of 35 pupils- Continued to work with teachers to design the Growing Foods in Schools learning resource https://www.growshetland.co.uk/resources-for-growing-food-in-schools/ - Visited 10 individual growing plots to offer information and advice specific to the site- Provided Turriefield site visits and Q&A sessions for 26 individuals- Given growing advice via social media, email or telephone to 37 individuals- Edited and uploaded 6 workshop sessions as resources for course participants- Filmed, edited and uploaded 3 information videos- Added 3 information factsheets to the Grow Shetland websiteWork to grow food for the local community continues, with the equivalent of 45 boxes going out to households through the veg box scheme or rural shops. Produce is grown with volunteers committing over 6000 hours over the 12 month period.

Consultation with stakeholders

Our stakeholders are members of the local community: our Board of Directors, our customers and our volunteers. In December 2022, all stakeholders were consulted on future operations of Transition Turriefield using an online form and face to face conversations. The Board of Directors used this information to support planning for the 2023 season.

Directors' remuneration

In the financial year 2022-23 Alan Robertson received £11388.00 as wages and Penny Armstrong received £23400.00 as wages.No other Director received paymentThere were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 November 2023

And signed on behalf of the board by:
Name: Penny Armstrong
Status: Director