LILY'S SOCIAL KITCHEN CIC

Company limited by guarantee

Company Registration Number:
11210362 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

LILY'S SOCIAL KITCHEN CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

LILY'S SOCIAL KITCHEN CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 557,591 502,654
Cost of sales: ( 143,257 ) ( 120,655 )
Gross profit(or loss): 414,334 381,999
Distribution costs: ( 361,901 ) ( 371,620 )
Operating profit(or loss): 52,433 10,379
Interest payable and similar charges: ( 3,111 ) ( 2,417 )
Profit(or loss) before tax: 49,322 7,962
Tax: ( 7,738 ) ( 1,051 )
Profit(or loss) for the financial year: 41,584 6,911

LILY'S SOCIAL KITCHEN CIC

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 11,215 2,927
Total fixed assets: 11,215 2,927
Current assets
Stocks: 4 2,000 1,500
Debtors: 5 29,576 19,275
Cash at bank and in hand: 92,891 68,289
Total current assets: 124,467 89,064
Creditors: amounts falling due within one year: 6 ( 76,965 ) ( 74,858 )
Net current assets (liabilities): 47,502 14,206
Total assets less current liabilities: 58,717 17,133
Total net assets (liabilities): 58,717 17,133
Members' funds
Profit and loss account: 58,717 17,133
Total members' funds: 58,717 17,133

The notes form part of these financial statements

LILY'S SOCIAL KITCHEN CIC

Balance sheet statements

For the year ending 28 February 2024 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 17 April 2024
and signed on behalf of the board by:

Name: Zoe Rodda
Status: Director

The notes form part of these financial statements

LILY'S SOCIAL KITCHEN CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 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

LILY'S SOCIAL KITCHEN CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 14 16

LILY'S SOCIAL KITCHEN CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 1,732 265 4,735 6,732
Additions 10,514 1,513 12,027
Disposals
Revaluations
Transfers
At 28 February 2024 12,246 265 6,248 18,759
Depreciation
At 1 March 2023 822 146 2,837 3,805
Charge for year 2,856 30 853 3,739
On disposals
Other adjustments
At 28 February 2024 3,678 176 3,690 7,544
Net book value
At 28 February 2024 8,568 89 2,558 11,215
At 28 February 2023 910 119 1,898 2,927

LILY'S SOCIAL KITCHEN CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Stocks

2024 2023
£ £
Stocks 2,000 1,500
Total 2,000 1,500

LILY'S SOCIAL KITCHEN CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 2023
£ £
Trade debtors 29,046 19,275
Other debtors 530
Total 29,576 19,275

LILY'S SOCIAL KITCHEN CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 35,190 40,267
Trade creditors 11,235 21,228
Taxation and social security 11,767 11,421
Accruals and deferred income 1,252
Other creditors 18,773 690
Total 76,965 74,858

COMMUNITY INTEREST ANNUAL REPORT

LILY'S SOCIAL KITCHEN CIC

Company Number: 11210362 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

Lilys continues to support its local communities using food. Mainly using our cafes, coffee shops and catering business to help people who are neurodivergent or have additional needs learn vital employment skills. Building confidence and skills. In this year we have continued with our employment programmes with 52 people being trained in different programmes. Some of these are very structured training programmes and some are working in collaboration with SEN schools in delivering training programmes. We have continued to collaborate with organisations in the provision of community fridges and more than 4 tonnes have been saved from landfill working with Fareshare. We have launched cookery sessions for people who are neurodivergent or have additional needs. Many in this group rely on takeaways and ultra processed food and this 8 week course is to get them more confident in the kitchen along with meals plans and recipes.We have continued to run most of our public facing cafes as donation only so they are accessible to as many people in our communities during these challenging times. This not only provides warmth, safety and a friendly face but also keeps our trainees working and learning.

Consultation with stakeholders

Stakeholders are people who use our services, our directors who sit in a trustee role, people we collaborate with and our local community. We have regular meetings and feedback sessions with our stakeholders and collaborate with people we know can communicate well and have open and honest conversations to ensure we are meeting the needs of our beneficiaries and our community.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 April 2024

And signed on behalf of the board by:
Name: Zoe Rodda
Status: Director