TEIGN GREENS CIC

Company limited by guarantee

Company Registration Number:
12772199 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

TEIGN GREENS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TEIGN GREENS CIC

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

Directors

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

Holly Budgen
Timothy Dickens
Julian Clarke
Giles Frampton
Larissa Radclyffe


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
18 December 2023

And signed on behalf of the board by:
Name: Holly Budgen
Status: Director

TEIGN GREENS CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 9,313 7,495
Investments:   0 0
Total fixed assets: 9,313 7,495
Current assets
Stocks:   0 0
Debtors: 4 1,396 2,652
Cash at bank and in hand: 20,719 18,028
Investments:   0 0
Total current assets: 22,115 20,680
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 26,210 ) ( 20,519 )
Net current assets (liabilities): (4,095) 161
Total assets less current liabilities: 5,218 7,656
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 5,218 7,656
Members' funds
Profit and loss account: 5,218 7,656
Total members' funds: 5,218 7,656

The notes form part of these financial statements

TEIGN GREENS CIC

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.

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 18 December 2023
and signed on behalf of the board by:

Name: Holly Budgen
Status: Director

The notes form part of these financial statements

TEIGN GREENS CIC

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

    Tangible fixed assets depreciation policy

    Tangible fixed assets will not be depreciated in the year of purchase. Thereafter, they will be depreciated at a rate of 20% on cost each year in order to write off each asset over its estimated useful life.

TEIGN GREENS CIC

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

TEIGN GREENS CIC

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 0 7,711 0 0 0 7,711
Additions 0 3,360 0 0 0 3,360
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 March 2023 0 11,071 0 0 0 11,071
Depreciation
At 1 April 2022 0 216 0 0 0 216
Charge for year 0 1,542 0 0 0 1,542
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 March 2023 0 1,758 0 0 0 1,758
Net book value
At 31 March 2023 0 9,313 0 0 0 9,313
At 31 March 2022 0 7,495 0 0 0 7,495

TEIGN GREENS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 310 273
Other debtors 1,086 2,379
Total 1,396 2,652
Debtors due after more than one year: 0 0

TEIGN GREENS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Accruals and deferred income 24,046 19,077
Other creditors 2,164 1,442
Total 26,210 20,519

TEIGN GREENS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Loans to directors

Name of director receiving advance or credit: Timothy Dickens
Description of the transaction:
Loan for farm equipment.
£
Balance at 31 March 2022 496
Advances or credits made:
Advances or credits repaid:
Balance at 31 March 2023 496

COMMUNITY INTEREST ANNUAL REPORT

TEIGN GREENS CIC

Company Number: 12772199 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Teign Greens has continued to supply the local Teign Valley community with affordable, locally grown organic vegetables as an ethical, local and dependable alternative to the supermarket. During this period, the number of subscribing member households rose from approximately 70 to 85 across our four local collection hubs, meaning more local people eating nutritious and sustainably produced local veg every week, promoting health, reducing food miles and helping create a resilient local food system in the valley.Funded by the National Lottery, our volunteering programme has continued, welcoming around 10 regular volunteers to the farm every week to learn about growing and benefit from working on the land. We also introduced monthly Saturday morning volunteer sessions, which have enabled different people to join in such as working families with their children. We hosted residential volunteers who spent time learning growing skills and benefiting from doing meaningful, rewarding work outside with others. As part of the Kickstart Programme, we employed two young unemployed people, developing their growing and employability skills, until this programme came to an end. We also took on another two seasonal trainees who were trained on how to run a veg box scheme and grow sustainable veg. They plan to go on to set up their own similar projects. We’ve hosted tours and talks to groups of visiting young people on the On the Hill programme, and visiting growers at Schumacher College and The Apricot Centre. We’ve also run free open days and farm tours for the local community. Well over a hundred people have benefited from working on the land and learnt about what Teign Greens does. We still grow with better than organic methods, promoting biodiversity through our tree alleys, green manures and wildflowers strips. Funded by the Halleria Trust, we now cultivate many of our crops with a BCS pedestrian tractor, which has less impact on the soil than a tractor, promoting soil health and biodiversity. We started work on an irrigation system funded by Southwest Water which will reduce our reliance on mains water. Teign Greens continues to partner with the Teign Valley Larder and Chudfridge, reducing food waste and food poverty in the valley by donating surplus or grade out veg and members veg bags whilst on holiday every week, meaning there was virtually no wasted veg in our system. We also supplied local businesses such as Embercombe and Shipwrecked Seafood, reducing food miles.

Consultation with stakeholders

Teign Green’s stakeholders are members of the local community who sign up to the vegetable box scheme, those who volunteer to help with the growing and local partners such as the Teign Valley Larder. All Teign Greens members were invited to complete a detailed anonymous survey in November 2022, and 72% participated. This informed the veg growing for the 23-24 season, and also the timing and format of open days and volunteering opportunities. Volunteers and members are also regularly consulted face to face whilst volunteering at the farm or at collection time. Meetings are regularly held with community partners such as Oxen Park Farm, On the Hill and the Teign Valley Larder. Teign Greens is well known in the local community, sending out weekly email newsletters and monthly contributions to the parish magazine with our contact information. Feedback has largely been very positive, and the team have adapted practice in line with constructive feedback wherever possible.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £23,936.31.There 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
18 December 2023

And signed on behalf of the board by:
Name: Holly Budgen
Status: Director