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
Principal activities of the company
Additional information
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Directors
The director shown below has held office during the period of
13 February 2023 to 30 November 2023
The director shown below has held office during the period of
13 February 2023 to 3 October 2023
The director shown below has held office during the period of
15 November 2022 to 3 October 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
13 months to 30 November 2023 | ||
---|---|---|
| £ | |
Turnover: | | |
Cost of sales: | ( | |
Gross profit(or loss): | | |
Administrative expenses: | ( | |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | |
As at
Notes | 13 months to 30 November 2023 | ||
---|---|---|---|
| £ | ||
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | ||
Current assets | |||
Stocks: | 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
Other accounting policies
for the Period Ended 30 November 2023
13 months to 30 November 2023 | ||
---|---|---|
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 | £ | £ | £ | £ | £ | £ |
Additions | | | | |||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 November 2023 | | | | |||
Depreciation | ||||||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 30 November 2023 | | | | |||
Net book value | ||||||
At 30 November 2023 | | | |
for the Period Ended 30 November 2023
13 months to 30 November 2023 | ||
---|---|---|
£ | ||
Stocks | | |
Total | |
for the Period Ended 30 November 2023
13 months to 30 November 2023 | ||
---|---|---|
£ | ||
Trade creditors | | |
Accruals and deferred income | | |
Total | |
HOPE IS initially launched a pop-up supermarket in Laindon, Basildon to sell everyday products at very reduced & affordable prices to the surrounding community. Started in Nov22 & funded by Essex County Council, this came at a time following covid when many people were struggling to afford their weekly shop.Customers were encouraged to join our membership for £3.50 per year, which allowed us to record repeat visitors. As a result, by Aug23 we had over 250 memberships & were able to open a second supermarket in Vange, Basildon. By the end of Nov23 we had over 400 memberships – providing food for 560 adults & 380 children.
Our stakeholders are the customers who attend the supermarket, and as well as chatting to these members over a cuppa whilst at the supermarket, we have also received additional crucial feedback via ‘feedback-forms’, which we leave out to be filled in anonymously.We also have a team of volunteers who run the supermarket from purchasing & pricing up the goods, to heavy lifting and setting up on the day. We regularly check in with the volunteers for feedback & suggestions to ‘fine-tune’ the operational side of things.Ultimately, we aim to provide the products requested by our customers as well as making access better for those with disabilities, following the feedback we receive.
As part of the initial set up grant from Essex County Council, a wage was included for someone to run the supermarket. From 1st Oct22, an annual salary of £9,360 was paid to one of the directors to fulfil this position and was increased to £14,040 on 1st May23.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
15 August 2024
And signed on behalf of the board by:
Name: John Martin Hailes
Status: Director