INCREDIBLE SURPLUS CIC

Company limited by guarantee

Company Registration Number:
09272180 (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

INCREDIBLE SURPLUS 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

INCREDIBLE SURPLUS 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

Principal activities of the company

Incredible Surplus CIC is Community Interest Company limited by guarantee, incorporated in England. The company has a socialmission to prevent food waste, 'by feeding bellies not bins' by providing food that would otherwise end up in land fill. We collectsurplus food and other items from many different sources and re-distribute as much as possible to individuals and organisations.We use any organic material that is unfit for consumption to make compost in order to grow fruit and vegetables at our variousallotments and growing sites. We aim to educate the local community about food waste and encourage recycling and reuse andresilience wherever possible. The company works on a 'pay as you feel basis', so customers can donate whatever they are able to.



Directors

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

Carol Ann Chapman
Ann Marie Gallagher
Victoria Sara Hemming


The director shown below has held office during the period of
6 December 2022 to 31 October 2023

Birgit Keher


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
29 July 2024

And signed on behalf of the board by:
Name: Ann Marie Gallagher
Status: Director

INCREDIBLE SURPLUS CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 212,377 176,817
Cost of sales: ( 95,160 ) ( 42,242 )
Gross profit(or loss): 117,217 134,575
Administrative expenses: ( 146,088 ) ( 107,265 )
Operating profit(or loss): (28,871) 27,310
Interest receivable and similar income: 1,403 188
Interest payable and similar charges: ( 127 )
Profit(or loss) before tax: (27,595) 27,498
Profit(or loss) for the financial year: (27,595) 27,498

INCREDIBLE SURPLUS CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 73,689 8,502
Investments: 4 500 500
Total fixed assets: 74,189 9,002
Current assets
Debtors: 5 12,180 6,372
Cash at bank and in hand: 72,538 169,970
Total current assets: 84,718 176,342
Creditors: amounts falling due within one year: 6 ( 2,316 ) ( 1,158 )
Net current assets (liabilities): 82,402 175,184
Total assets less current liabilities: 156,591 184,186
Total net assets (liabilities): 156,591 184,186
Members' funds
Profit and loss account: 156,591 184,186
Total members' funds: 156,591 184,186

The notes form part of these financial statements

INCREDIBLE SURPLUS 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 29 July 2024
and signed on behalf of the board by:

Name: Ann Marie Gallagher
Status: Director

The notes form part of these financial statements

INCREDIBLE SURPLUS 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

    Turnover policy

    TurnoverIs made up of donations and grants. Donations are recognised in the period they are received. Grants are recognised in theperiod they will be used to deliver activity.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, lessestimated residual value, of each asset evenly over its expected useful life, as follows: each asset evenly over its expected useful life, as follows: Land & buildings Over 50 yearsPlant & machinery Over 4 yearsMotor vehicles Over 4 yearsFixtures & fittings Over 4 years

    Other accounting policies

    Presentation currencyThe accounts are presented in £ sterling.

INCREDIBLE SURPLUS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 2

INCREDIBLE SURPLUS 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 5,243 2,841 58,444 66,528
Additions 98,253 98,253
Disposals ( 29,222 ) ( 29,222 )
Revaluations
Transfers
At 31 October 2023 5,243 2,841 127,475 135,559
Depreciation
At 1 November 2022 4,995 2,841 50,190 58,026
Charge for year 248 28,691 28,939
On disposals ( 25,095 ) ( 25,095 )
Other adjustments
At 31 October 2023 5,243 2,841 53,786 61,870
Net book value
At 31 October 2023 0 0 73,689 73,689
At 31 October 2022 248 0 8,254 8,502

INCREDIBLE SURPLUS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Fixed assets investments note

The £500 investment we have is long term with Power For Good Co Op that fits solar panels on the roofs of Churches and other places of worship, schools and sports/community halls. I do not think we can sell the bonds and have no desire to do so anyway.

INCREDIBLE SURPLUS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors

2023 2022
£ £
Other debtors 12,180 6,372
Total 12,180 6,372
Debtors due after more than one year: 2,316 1,158

INCREDIBLE SURPLUS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 2,316 1,158
Total 2,316 1,158

COMMUNITY INTEREST ANNUAL REPORT

INCREDIBLE SURPLUS CIC

Company Number: 09272180 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Incredible Surplus CIC is a Community Interest Company limited by guarantee, incorporated in England. The company has a socialmission to prevent food and other useful items from ending up in landfill by intercepting them and redistributing them to individuals and organisations in our community. We use any organic material that is unfit for consumption to make compost in order to grow fruit and vegetables at our various allotments and growing sites. This food is also shared with our volunteers and our network of partner organisations and with individuals and families. We run regular distribution sessions across Birmingham, the Black Country and Solihull every week. We aim to educate the local community about food waste and encourage recycling and reuse and resilience wherever possible. The company works on a 'pay as you feel basis', so customers can donate their time, skills or money in return for what they receive so no one is excluded.

Consultation with stakeholders

Incredible Surplus CIC partners with a wide variety of groups, organisations and individuals across Birmingham, the Black Country and Solihull.We supply food and other essential items to individuals and households, school groups, colleges, Churches and other faith organisations, elders groups and sports clubs; these are our customers. We are in constant communication with all of our customers and our suppliers as what we collect or are given as donations varies each week. Our customers' needs vary too so it is an ever evolving process. Most of our contact with our customers is in person but we also use our website and social media, radio (national and local) and press to publicize our work and to inform people about our activities. We are a mostly volunteer run organisation and our volunteers come from the community we serve, they help shape how we work and provide energy and ideas.We are also part of the Food Justice Network which is a Birmingham based organisation aiming to prevent food poverty in the city. It is made up of over 200 individuals, charities, community groups and public sector teams who share ideas and support initiatives to provide a healthier and fairer food system in Birmingham.

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
29 July 2024

And signed on behalf of the board by:
Name: Ann Marie Gallagher
Status: Director