THE FOOD BARN TREGEW CIC

Company limited by guarantee

Company Registration Number:
12972735 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

THE FOOD BARN TREGEW CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

THE FOOD BARN TREGEW CIC

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Directors

The director shown below has held office during the period of
1 November 2022 to 8 February 2023

Martin John Laity


The director shown below has held office during the period of
1 November 2022 to 2 February 2023

Thomas Alexander Knights


The directors shown below have held office during the period of
9 February 2023 to 31 October 2023

Ian Brydon
Laurence Paul Jarrett-Kerr
Ms Martha Malu Wiekens


The director shown below has held office during the period of
8 February 2023 to 31 October 2023

Patrick John Mungo Lane


The director shown below has held office during the period of
3 February 2023 to 31 October 2023

Hector Michael Roderick Lane


The director shown below has held office during the period of
2 February 2023 to 31 October 2023

John Andrew Lane


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
30 July 2024

And signed on behalf of the board by:
Name: Ms Martha Malu Wiekens
Status: Director

THE FOOD BARN TREGEW CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 44,492 49,995
Cost of sales: ( 173 )
Gross profit(or loss): 44,319 49,995
Distribution costs: ( 167 ) ( 548 )
Administrative expenses: ( 50,888 ) ( 45,750 )
Other operating income: 0 0
Operating profit(or loss): (6,736) 3,697
Profit(or loss) before tax: (6,736) 3,697
Profit(or loss) for the financial year: (6,736) 3,697

THE FOOD BARN TREGEW CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 10,925 15,606
Total fixed assets: 10,925 15,606
Current assets
Debtors: 4 2,386 1,320
Cash at bank and in hand: 1,773 4,105
Investments:   0 0
Total current assets: 4,159 5,425
Creditors: amounts falling due within one year: 5 ( 5,679 ) ( 4,890 )
Net current assets (liabilities): (1,520) 535
Total assets less current liabilities: 9,405 16,141
Total net assets (liabilities): 9,405 16,141
Members' funds
Profit and loss account: 9,405 16,141
Total members' funds: 9,405 16,141

The notes form part of these financial statements

THE FOOD BARN TREGEW CIC

Balance sheet statements

For the year ending 31 October 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.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: Ms Martha Malu Wiekens
Status: Director

The notes form part of these financial statements

THE FOOD BARN TREGEW CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

THE FOOD BARN TREGEW CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

THE FOOD BARN TREGEW CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 5,025 15,442 20,467
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 5,025 15,442 20,467
Depreciation
At 1 November 2022 1,594 3,267 4,861
Charge for year 1,593 3,088 4,681
On disposals
Other adjustments
At 31 October 2023 3,187 6,355 9,542
Net book value
At 31 October 2023 1,838 9,087 10,925
At 31 October 2022 3,431 12,175 15,606

THE FOOD BARN TREGEW CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 2,386 1,320
Total 2,386 1,320

THE FOOD BARN TREGEW CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 5,679
Accruals and deferred income 4,890
Total 5,679 4,890

COMMUNITY INTEREST ANNUAL REPORT

THE FOOD BARN TREGEW CIC

Company Number: 12972735 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

During the year to 31st October 2023 the Food Barn continued to build itself as a venue for local, sustainable and ethical producers to sell their goods directly to the public. The CIC has continued to be well supported by the community with a large scale following of locals now regularly attending the Saturday farmer’s market. It has also provided further opportunity for more of the local farming and food produce community to sell their produce directly to the public by expanding the number of regular traders at the Saturday market.The Food Barn continues to run a Saturday market all year round and a Wednesday evening market during summer holidays. It also introduced a series of Sunday markets over a period of 4 months to provide an additional space for local families to gather to eat, and buy local produce and artisan crafts.The year was spent improving the offering for the local community, through the addition of extra market days on Sundays and Wednesdays, developing the car park to accommodate the increasing customer numbers and create a more pleasant market experience and strengthening the network of local producers and traders.

Consultation with stakeholders

The current main stakeholders of The Food Barn remain the vendors and producers who use the facilities. The vendors have been consulted during regular meetings with the manager to gather feedback and ideas of how to improve the barn and how to best promote it. The vendors also have direct contact with the market manager who in turn relays feedback to the Directors. In response to feedback from the vendors The Food Barn continues to provide sufficient parking space for traders, addition opportunities for trading through extra events and regular trader meetings.

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
30 July 2024

And signed on behalf of the board by:
Name: Ms Martha Malu Wiekens
Status: Director