for the Period Ended 31 July 2023
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 July 2023
Directors
The director shown below has held office during the whole of the period from
19 July 2022 to 31 July 2023
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
2023 | ||
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| £ | |
Turnover: | | |
Cost of sales: | ( | |
Gross profit(or loss): | | |
Administrative expenses: | ( | |
Operating profit(or loss): | | |
Interest payable and similar charges: | ( | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | |
As at
Notes | 2023 | ||
---|---|---|---|
| £ | ||
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: | | ||
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 July 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 July 2023
2023 | ||
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Average number of employees during the period | |
for the Period Ended 31 July 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
Additions | | | | |||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 July 2023 | | | | |||
Depreciation | ||||||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 31 July 2023 | | | | |||
Net book value | ||||||
At 31 July 2023 | | | |
for the Period Ended 31 July 2023
2023 | ||
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£ | ||
Stocks | | |
Total | |
for the Period Ended 31 July 2023
2023 | ||
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£ | ||
Other debtors | | |
Total | |
for the Period Ended 31 July 2023
2023 | ||
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£ | ||
Other creditors | | |
Total | |
The company runs Roots Coffee Lounge, a cafe based in The Landmarks Centre, Pleasley. The Landmarks Centre is a community space leased and operated by the R.E.A.L Foundation Trust. Roots Coffee Lounge CIC began trading in November 2022 and has a primary focus on providing hospitality training and work plus work experience opportunities for young people with additional needs or from disadvantaged backgrounds. In the last 12 months we have supported a young homeless woman into work through the experience gained at Roots and helped her to access grants for accommodation. We have supported 5 young people with additional needs with regular work experience and have employed 3 young people with additional needs. These young people were at risk of economic inactivity due to difficulties accessing further education. The cafe has provided space to advice organisations with regular drop-in sessions for money and nutrition support for the local community. In conjunction with a local councillor’s initiative, we have become a drop off point for food donations for a community food bank. We have a number of local suppliers that provide goods to the cafe such as cakes, butchers and a pizza maker and have promoted their businesses to our customers. As well as using local food suppliers we also provide a space for local businesses to promote their services free of charge.In addition to this we have also provided space free of charge for local interest groups to be formed to build stronger communities. We have 5 groups at present Menopause Matters – A safe space for women experiencing the menopause to share their experience and to navigate the challenges faced such as physical or mental health issues, understanding their symptoms, and how to advocate for themselves better at work and with health professionals – 30 attendees monthlyRoots Book Club – This club attracts a diverse range of people of all ages to engage in discussion around literature and to encourage a wider breadth of English skills. 25 monthly attendees Yarn Angels – As some of the traditional skills such as knitting and crocheting are being lost, we have been very fortunate to engage local knitters to come and share their knowledge with people of all ages in the local community to knit/crochet items such as hats and blankets in aid of good causes such as neo-natal units. Not only has this ensured these skills will endure but it has also been great to see inter-generational communities of people develop reducing loneliness. Roots Music Night – This is a monthly event that allows local bands to showcase their music to local people providing a fan base and experience in a small intimate venue, to help increase their confidence. B24 Business Club – This is a free event for local business owners to get together. Most of these business owners work from home and it is a great way for them to connect and share information.
Company stakeholders are the residents of Pleasley and visitors to The Landmark Centre, R.E.A.L Education, R.E.A.L Foundation Trust, local suppliers, Employees and volunteers, and other small business owners in the area. Initial consultation around hospitality training was undertaken with R.E.A.L Education and the R.E.A.L Foundation Trust. It was identified that there was a lack of suitable work experience opportunities for young people with additional needs in the hospitality industry. These young people often struggle with social and interpersonal skills due to the nature of their difficulties. This then meant that when they were leaving hospitality courses, they were struggling to find gainful employment as they had not had the opportunity to use their training in a live environment. By providing a safe, nurturing environment with staff that could adapt training and mentoring to suit the needs of these young people then we could build up resilience and improve interpersonal skills to help them to thrive in any setting. As a community cafe we have many customers' who regularly feedback about what they would like to see in the area. Whilst formal consultation has not yet been carried out, the informal feedback has resulted in the additional interest groups described above. For instance, the Menopause matters group came about after a local lady shared a story about her customers' who were struggling with their mental health and felt they had nowhere to turn to. These ladies now feel more supported. Many of the groups started off as two or three visitors but have built up over time to 30 or 40 attendees, contributing to a stronger community spirit. There are plans to look at a parent and toddler session in the morning following recent requests from customers.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
18 April 2024
And signed on behalf of the board by:
Name: E McManus
Status: Director