for the Period Ended 30 November 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 30 November 2023
Directors
The director shown below has held office during the whole of the period from
1 December 2022 to 30 November 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 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Gross profit(or loss): | | |
Distribution costs: | ( | ( |
Administrative expenses: | ( | ( |
Operating profit(or loss): | | ( |
Profit(or loss) before tax: | | ( |
Profit(or loss) for the financial year: | | ( |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
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 30 November 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 30 November 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 November 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 December 2022 | | | ||||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 November 2023 | | | ||||
Depreciation | ||||||
At 1 December 2022 | | | ||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 30 November 2023 | | | ||||
Net book value | ||||||
At 30 November 2023 | | | ||||
At 30 November 2022 | | |
for the Period Ended 30 November 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Total | | |
for the Period Ended 30 November 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Other creditors | | |
Total | | |
PART 1 - GENERAL DESCRIPTION OF THE COMPANY’S ACTIVITIES AND IMPACTIn the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. Sitopia Farm is a not for profit social enterprise. We grow food to advance social, health andenvironmental objectives. We believe we can and should grow more food in the city.With thanks to the generosity and vision of the landowners, the Woodlands Farm Trust, wegrow on two acres on their wider farm. We are proudly female-led and have an entirely female team. Our Advisory Board is also 60% female and 40% BAME.We are passionate believers in the transformative health, social and environmental benefits amore localised food system, using efficient organic and regenerative agricultural techniques, can bring.Our current food system is not fit for purpose, contributing to the global syndemic of climatechange and biodiversity collapse; diet-related disease; and food poverty, even in wealthy countries such as the UK. Urban areas currently hold great untapped potential for food growing. Through enacting and demonstrating the health, social and environmental benefits our way of farming can bring, we also want to expand the use of land in London to grow food for our community, spread the word about the changes needed in the food system, and model the wider changes we want to see.During December 2022-November 2023 we achieved the following:-completion of 100% of planned new beds, representing approx. 1.6 acres of our 2 acre site now converted into food and flower cropping areas-with the aid of a generous grant from the Worshipful Company of Gardeners, we built a new compost bay structure using eco-friendly materials, and aim to supply the vast majority of our own compost needs in future.-c. 3-400 different crop varieties grown, producing tonnes of vegetables-expanded our hyperlocal veg bag scheme, providing fresh organic vegetables to our local area through the winter-provided food at subsidised rates to low income households and donated to community groups-approximately 70% sold within a few miles’ radius of the farm (majority on site/ withinGreenwich and Bexley boroughs)-trained over 35 people through our horticulture courses including offering 10% ofplaces for free to those on low income, particularly targeting BAME groups under-represented in horticulture-successfully passed annual Soil Association inspection and organic status renewed.-300+ volunteers engaged.-12 companies participated in a team day at the farm, learning about organic, regenerative farming and the changes needed to the food system-2000 additional social media followers-several full and part-time jobs created-1000+ visitors to farm-significant local/national media coverageSome of these activities were supported by a generous grant from the City Bridges Trust.
PART 2 – CONSULTATION WITH STAKEHOLDERS – Please indicate who the company’s stakeholders are; how the stakeholders have been consulted and what action, if any, has the company taken in response to feedback from its consultations? If there has been no consultation, this should be made clear.Sitopia Farm has diverse and multiple stakeholders. In its broadest sense our mission is tochange the food system, which affects everyone. In seeking to model what can be achieved ina short time scale, we are also seeking to influence others to support or create similar farmselsewhere.We work closely with the Woodlands Farm Trust, the landowners, and meet regularly toshare concerns and plan joint activities. We have a co-opted position on the Woodlands Farm Trust Board which meets monthly. This means that we support the wider board and specifically help on fundraising, seek to link in with other activities and signpost volunteering opportunities and volunteer at their events. We also consult with them on our activities on a frequent basis.Our more visible engagement is with our local stakeholders: those living near the farm whobuy our produce, who visit our farm, whose children attend schools or local communityprojects we have spoken or donated food to, those who donate their time to volunteer at thefarm. Specifically one of the key benefits of having an on-site pop up shop through most of the year as well as attendance at the major events run by Woodlands Farm Trust allows us direct face to face conversations with our customers and local people.We also engage heavily through our social media channels, in particular through Instagram where most posts receive significant positive follower interaction.Rather than formal consultations at this stage we seek in all we do to engage closely with our community and seek feedback where relevant on our produce and activities.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
12 March 2024
And signed on behalf of the board by:
Name: Chloe Dunnett
Status: Director