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 directors shown below have held office during the whole of the period from
1 August 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 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | ( |
Profit(or loss) before tax: | | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | 3 | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
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
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 July 2023
2023 | 2022 | |
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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 | £ | £ | £ | £ | £ | £ |
At 1 August 2022 | | | | | ||
Additions | | | | |||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 July 2023 | | | | | ||
Depreciation | ||||||
At 1 August 2022 | | | | |||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 31 July 2023 | | | | |||
Net book value | ||||||
At 31 July 2023 | | | | | ||
At 31 July 2022 | | | | |
for the Period Ended 31 July 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 31 July 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
for the Period Ended 31 July 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Other creditors | | |
Total | | |
Happily, we can report that the steady post-pandemic uplift seen during the previous reporting period continued throughout this one, and beyond. This was without question due to the joint efforts of the following, who all deserve due credit.our innovative and committed General Manager, whose business savvy and sound decision-making were major drivers in pulling the pub out of Covid-19 and rendering it fully-fit for purpose as a community hub thereafter.her bar team, all five of whom demonstrated similar professionalism and resilience throughout;the company’s directors, who behind the scenes kept the business aspects together and successfully renegotiated our lease with our very supportive owner Chris Soden in July 2023, and last but not leastall those in the community itself who not only provide regular custom by choosing The Garibaldi as their main pub of preference for socialising locally, but many of whom also are committee members, and assist with various ad-hoc tasks that arise around the pub and which help keep it in good order.When one sets our achievements both in terms of our financial position and the diversity of activities we have run across this period against the wider significant challenges sadly being felt in the pub sector (and hospitality industry in general), we recognise how grateful we must be to those who helped us get to that point in any way. It didn’t happen by chance, and couldn’t have been attained without them. Firstly, it should be noted that our business benefited considerably through the successful application by CIC directors for various central and local government grants during the period. As a not-for-profit enterprise, these funds were reinvested where needed back into the business, enabling us to complete a general upgrade of our facilities both inside and out just before Christmas 2022, ensuring we were ship-shape and Bristol-fashion for the year ahead. This includes a £1,000 donation from St. James Place in November 2022 towards our gazebo project to provide covered seating areas all year round.After the excitement of marking Queen Elizabeth II’s platinum jubilee in parallel with the whole nation, the pace of activity at the pub picked up even further, with a long, hot and dry summer enabling us to really draw people out to make the most of our offer, and our charming garden in particular, which was again worked on solidly throughout the year by our own volunteers and those from Surrey Choices to ensure it was always looking like the most attractive pub outdoor space in the vicinity. 17th August 2022 saw us celebrate the fifth anniversary of our reopening of the pub, which we felt marked a real milestone, not only because we’d been trading successfully for a whole half a decade, but had proven we could shake off or keep at bay the most egregious elements of the struggling sector’s fight to be free from the constraints of Covid, and it was felt that finally a line could safely be drawn under that difficult era in our shared history. Albeit a local business with a focus on localised community issues, we at FOTG are never ones to shy away from wider world events, and throughout what was a turbulent 12 months, we organised various collaborative charitable initiatives at the pub to help raise money for needy causes. ‘Furnistore for Ukraine’, held over the August '22 bank holiday weekend was one such event and it raised £1,185.50 to support those affected by the conflict there. Another key moment of giving came through the ‘Charity beer festival’ in September '22 run by the "Gari good guys" volunteers. That event raised £3,000 and their profits were split 50/50 between The Friends of The Garibaldi and St. Matthews Foodbank, and our Christmas markets in December which raise good money from the sales of local wares and craft items. Sadly our celebrations of the Queen’s jubilee were followed only three months later by Her Majesty’s death on 8th September. The Gari saw to it that this event was marked with due respect and reverence, and a live showing of the funeral on the 19th was attended by a large number of locals seeking to mark this end-of-an-era moment in shared like-minded company – and where better to do that than at the local pub?!Happier times on the Royal front were back with us the following May, when we organised a weekend of exciting activities marking King Charles III’s coronation, of course including a televised showing of the day’s event live in the bar alongside a free buffet for all customers courtesy of a £200.00 donation from the manager of Argos, Redhill. The weekend also included the inaugural "Garibaldi Bake Off" with prizes for best cake and best Coronation Chicken dish.We didn’t just mark Royal events in this busy year; in recognition of the diverse interests of our customers, we always ensure any major sporting tournament or event is shown live, which remains a major draw for locals, without turning us into a ‘sports pub’. Among several key tournaments in different sports, the prime example was a very successful Men’s World Cup campaign in November/December (helped by the England team’s competitive performance, which can’t always be guaranteed!). This was facilitated by winning a Molson Coors competition, which gave us a large TV screen which was mounted in the garden, and still enables outdoor enjoyment of sporting events to this day. In more cultural terms, we always mark the birth of Scottish bard Robert Burns by holding a haggis, neeps and tatties dinner on 25th January, featuring our very own local Scotsman who knows the address to a haggis by heart – very entertaining! No annual report for the FOTG could be complete without mention of our support for local breweries. From the outset, the pub was positioned as a purveyor of a diverse range of draught beers, with a primary focus on well-kept cask ales. By Christmas ’22 we were regularly able to turn over five live beers of different styles and strengths, sold on a competitive sliding-scale price basis between £4 and £5. By the following Summer these were augmented by up to three keg beers which can be of a stronger/more niche kind as their shelf life is longer. Alongside our regular offer, our GM ran three festivals during the period – the charity one already mentioned, plus a Winter fest in November, and one for Spring in May, each showcasing 15 carefully-chosen beers from our region and beyond. All were well-attended with very little beer left over! The pub was listed in the Camra ‘Good Beer Guide’ for the fourth year running, in recognition of our quality cask range. Brewery support wasn’t just available through buying stock for the pub; we went ‘on the road’ on three occasions during the period to visit local breweries in situ and sample their wares. Yet-again this was only possible through community cooperation, with the transport being provided by means of a minibus from the local air cadets, for whom the fees charged for the trip raised vital additional funds – another example of how we work in tandem with others for mutual benefit.While the pub is led by liquids and we’re a proud ‘wet-led’ business, over in the world of solids we continued our mutually-beneficial arrangement with Bhunny’s to provide regular food from their newly-installed cabin at the rear of the pub, which proved a consistent draw for locals wanting a night off cooking. The GM also put on numerous fine foodie spreads for parties both public and private, including an excellent Christmas Day dinner for those preferring to celebrate with friends instead of family, all of which was paid for by FOTG! March 2023 also saw us launch a new collaboration with another local CIC 'RV1 Veteran gin', who give 100% of their profits to support those who have left the Armed Forces and find themselves facing hardships and difficulties. We are looking forward to developing this relationship further, especially in relation to our monthly 'Forces fry-up' detailed below.Besides our one-off events and initiatives, there is of course a rolling roster of regular activities happening either weekly, fortnightly or monthly, all of which help to draw in punters and keep our tills ringing. We significantly expanded these during 2023. All the following saw considerable increases in regular attendees, so much so that due to our modest floors pace, tables must now be booked in advance for many of them: Quiz night – every alternate Thursday (run jointly by two local volunteer quiz masters). This is self funding through an entrance fees‘Music bingo’ night – every alternate Thursday (run courtesy of one of our longstanding committee members using their own software and equipment). Again, this is self funding though entrance feesMeat Raffle - every Sunday afternoon, with quality cuts purchased from local butchers "Robert & Edwards". All profits from this raffle go to the Gari Garden Fund‘Forces fry-up’ – every third Saturday in the month. This was a brand new initiative set up by the GM in February 2022 to honour and serve local people with a Forces connection past or present by serving up a full fried breakfast along with tea or coffee. It has continued to grow month on month. From an initial attendance of 10 - 12 people, it has proven to be one of the best-subscribed and appreciated features in our offer, with numbers now regularly in the high 20s. The chefs from Bhunny's donate their time to cook the food and the 'NAAFIa' of regular volunteer servers has expanded from two to three to cope with the extra volume. All profits go back into the 'Forces fry-up fund'Live music night – a range of local acts, including our ‘house’ band 3Times7, performed across a summer of open-air performances under the banner of ‘Mill Street Blues’; live music continued in the darker months too, albeit inside!‘Gari-oke’ night – from May 2023 a popular monthly event, self-curated by committee members and volunteers using YouTube and our big screen facilities.Book club – every fourth Wednesday (another new feature which was revived by a keen local customer in June 2023 who’d been missing the social interaction after it’d been mothballed since the pub’s prior closure).Golf society – every few months on a Saturday (again a revival spearheaded by a local regular who plans to organise golfing trips, which had once been successful before the pub changed hands).We couldn’t operate successfully without the above, and special thanks goes out to those who voluntarily help keep them running in their own time – a true community effort that marks us out from other pubs nearby. Finally, despite all the positivity to report during this period, it was punctuated mid-way through by the sad news that our original CIC chairman, Mr Jim Howley, had succumbed to cancer on New Year’s Day 2023, after a typically brave battle . Jim, a retired teacher, was a true gent, always championing fairness, decency, propriety, and his gentle experienced hands had helped guide this company from its conception in December 2016 through to the successful entity it had become by the time of his death. A suitable memorial to Jim has been mounted on our wall, and many of us paid tribute to a long life well-lived at his funeral on 27th January, for which the pub did all the catering as a gesture of goodwill. Fair thee well Jim; we know you’d be so proud of what we’ve gone on to achieve with this project since your passing.
The company’s stakeholders are the residents and visitors to the local area, local community groups, suppliers and the pub’s patrons. The directors have all lived in the area for at least 20 years, and have strong ties to the pub and local area. We have sought to run the business based on the views of existing and new customers, our members, and the wider community.We chose to become a CIC with a large membership to allow more individuals to join the company, ensuring the community could be involved as much as possible. Our members are all from the local community and we have sought to increase our numbers to ensure that a diverse range of views, experiences and needs are represented. We hold quarterly members meetings which allow us to seek input into decision making and listen to views on how the business is running, as well as the services it should provide. Together, we agree the company’s current priorities and longer-term aspirations. We also update on the work that has been done and how the business is progressing; new people are always welcome to attend, and all views are welcomed. We hold formal meetings, but to make sure we don’t exclude individuals that would like to get involved, we decided to alternate our regular meetings with social mixers in the evenings. This still allows us to share information and seek community views, but in a more informal setting. It also helps attract interest from other customers, and sign-up sheets allow people to volunteer to get involved. We also have a suggestion box to give us access to our wider stakeholders, allowing patrons to provide their views on all aspects of the business and what they would like from it. We have also continued to increase our online and social media presence, with our website, WhatsApp group, Twitter and Facebook pages. This allows us to reach more of our stakeholders and to keep them updated with our plans. We have listened to feedback and striven to support all members of our community.We have also continued to engage with other community groups to understand how we can best support them. This also allows us to improve our knowledge of how to run a successful community venture, the opportunities that are available to us, and how we can best support our community.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
23 April 2024
And signed on behalf of the board by:
Name: Juliet Whitmore
Status: Director