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
Directors
The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 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 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | | |
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: | | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | 3 | ( | ( |
Net current assets (liabilities): | ( | | |
Total assets less current liabilities: | ( | | |
Creditors: amounts falling due after more than one year: | | | |
Provision for 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 30 November 2023
Basis of measurement and preparation
Turnover policy
for the Period Ended 30 November 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 30 November 2023
2023 | 2022 | |
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£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Total | | |
The company runs a community hub with an emphasis on tackling loneliness and isolation within the local community.This involves the operation of a number of group activities within a variety of rented spaces and the development of a community shop for those struggling with the current financial situation.During the financial year 2022-2023, the company’s activities have benefitted the community in the following ways:Life Tree has provided voluntary employment for at least 10 people throughout the year including various people who found themselves isolated at home and wanted to find a local community for themselves.The need for a local service to supply home education was identified last year by our stakeholders. We have run a number of home-ed based groups this year. More investment in this may be required next year to widen this service.A local community bakery was set up in the last quarter of the year to facilitate delivering a number of cooking/baking courses, as requested by stakeholders.We will look into developing this further next year.Local residents struggling with finances continued to utilise the community shop for a small donation for the first half of the year.This was only discontinued when more extensive food banks opened in the local area.Life Tree has collaborated with lots of local community groups in an attempt to offer a good range of activities and to ensure all needs are met.Life Tree has run walking groups, social inclusion groups, gardening clubs, craft groups, book club and coffee mornings . All groups are kept to a minimum donation so everyone can benefit from it and all money taken in the groups is put back into developing them further.Local art and craft producers were able to pass on their knowledge at these groups and so encourage a new generation of crafters. The work produced was displayed as often as possible.Stay and play sessions continue to run in our local deprived area as the mums using this service request that it carries on.
The company’s stakeholders are the local residents of Hoylake and the surrounding areas within a 10 mile radius. A number of the local community have also become engaged with the committee of the company to help determine the needs and desires of the local population.We have involved the stakeholders in identifying need and determining the ways of addressing it. The stakeholders have contributed to the set up and continued involvement in the running of the groups and activities that have resulted.A requirement to extend our Home-education activities has been identified along with a need to extend our cooking classes to allow jobless people to retrain.These have now been earmarked as projects for the next financial year, funding allowing. An interest in music based activities has been identified for next year through our stakeholders along with the possibility of a library facility of some sort due to the closure of the local council library.We estimate that 40 local community residents have used the community shop services and over 40 the play and stay sessions. Around 20 families have used our home-education services and approximately 20 people have attended our bakery. Overall over 200 have used the various further group activities. At each of the groups, activities and events we ask for further suggestions of what the community might need and aim to usually get these set up within one month. Hence stakeholders have a large say in how the Life Tree services develop.We regularly ask for feedback from stakeholders to ensure we are providing what is needed in an efficient but thorough manner.
The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £2466.There were no other transactions or arrangements in connection with the remunerationof directors, or compensation for directors loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
5 August 2024
And signed on behalf of the board by:
Name: Suzanne Rippon
Status: Director