MID SURREY COMMUNITY FRIDGES CIC

Company limited by guarantee

Company Registration Number:
12139703 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

MID SURREY COMMUNITY FRIDGES CIC

Contents of the Financial Statements

for the Period Ended 31 August 2023

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

MID SURREY COMMUNITY FRIDGES CIC

Directors' report period ended 31 August 2023

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

Principal activities of the company

The principal activity of the company was that of reducing food waste in the UK by collecting and distributing surplus food from retail and agencies to the mid Surrey area, prioritising those in food poverty.

Additional information

Review of Business We opened the Dorking Community Fridge in September 2017 with the mission to save good, surplus food from landfill. We started by collecting food from the local supermarkets with the aim of saving perhaps 5 tonnes of food that year. We quickly realised how much surplus food was available to us from charities like FareShare, and in the first year we managed to save 35 tonnes from being wasted. We expanded rapidly, opening a second Fridge and Community Cafe in Dorking in 2018, a further fridge in North Leatherhead in 2019, and buying a refrigerated van in 2019 to put on a Mobile Fridge service to reach remote rural areas. During lockdown we became a doorstep bag drop service to those referred to us from social care, schools, MVDC and churches. At the height, we were packing over 1000 parcels a week and shifting over 10 tonnes of food. From March to December 2020 we packed 30,000 food parcels. Our wonderful team of 185 volunteers are selfless, giving, kind and enthusiastic and have come out, packed, delivered, and helped in all weathers during the year. At this time, our aim was to help those who would benefit most from our food; those shielding, those who have lost their jobs, those with illness and disability, and the elderly and isolated. We are all about unconditional love! We frequently receive messages telling us how delighted our bag recipients are, how lovely it is to see a friendly face once a week, often the only contact they have had. Our Fridge users tell us that they have not eaten so healthily, usually unable to afford the food in our bags. Our fridges on local social housing estate have been amazing community projects bringing the people together and providing services such as visits from the DWP, job application support from Clarion Futures and accessible exercise classes. After coming out of the pandemic, we have changed our operation, leasing a warehouse, buying an additional van and implementing food hygiene and health and safety measures. This increased our management and administration workload three-fold. We have been extremely proactive and successful in obtaining grants to offset the increased overheads. We were delighted and privileged to have been the recipients of the Queen's Award for Voluntary Service. We have now fully reverted to opening our hubs and mobile stops to the public and we regularly see queues of people waiting for over an hour to access our good surplus food. We have 14 locations, opening 21 times per week and continue to review our operating processes, trialling new locations to optimise the reduction of food waste and support those still struggling through the Cost of Living Crisis. During the last year we collected 237,350kg of food which equates to 527,444 meals and helped around 896 households. 355 of these households have children under 18 years old, 331 households have no children and 40 households have a disability. Most of these households revisit us each week. We were awarded additional funding from the National Lottery and Community Foundation for Surrey, as well as donations from community groups, local businesses and individuals. We were very grateful for funding received from the Mark Benevolent Fund which enabled us to buy a new van to replace an existing one. We received some funding from Hubbub to run slow cooker courses at our Leatherhead hub. These have been running successfully with each participant receiving a slow cooker.



Directors

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

M J Afford
M L Carvell
A S White


The director shown below has held office during the period of
1 September 2022 to 27 August 2023

M W D Morris


The director shown below has held office during the period of
1 September 2022 to 23 April 2023

S E Tunbridge


The director shown below has held office during the period of
1 September 2022 to 31 January 2023

C L Davies


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
24 July 2024

And signed on behalf of the board by:
Name: A S White
Status: Director

MID SURREY COMMUNITY FRIDGES CIC

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 221,170 232,885
Cost of sales: ( 11,876 ) ( 7,296 )
Gross profit(or loss): 209,294 225,589
Distribution costs: ( 42,991 ) ( 22,386 )
Administrative expenses: ( 127,282 ) ( 123,349 )
Other operating income: 0 0
Operating profit(or loss): 39,021 79,854
Interest receivable and similar income: 85 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 39,106 79,854
Tax: ( 7,310 ) ( 7,416 )
Profit(or loss) for the financial year: 31,796 72,438

MID SURREY COMMUNITY FRIDGES CIC

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 94,766 70,419
Total fixed assets: 94,766 70,419
Current assets
Debtors: 4 5,734 17,891
Cash at bank and in hand: 238,159 106,017
Total current assets: 243,893 123,908
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 159,388 ) ( 51,719 )
Net current assets (liabilities): 84,505 72,189
Total assets less current liabilities: 179,271 142,608
Provision for liabilities: ( 14,220 ) ( 9,353 )
Total net assets (liabilities): 165,051 133,255
Members' funds
Profit and loss account: 165,051 133,255
Total members' funds: 165,051 133,255

The notes form part of these financial statements

MID SURREY COMMUNITY FRIDGES CIC

Balance sheet statements

For the year ending 31 August 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 24 July 2024
and signed on behalf of the board by:

Name: A S White
Status: Director

The notes form part of these financial statements

MID SURREY COMMUNITY FRIDGES CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax. Grants which relate to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 25% on cost Fixtures and fittings - 25% on cost Motor vehicles - 20% on cost Computer equipment - 25% on cost

    Other accounting policies

    Taxation Taxation for the current year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred Tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MID SURREY COMMUNITY FRIDGES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

MID SURREY COMMUNITY FRIDGES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 2,675 17,694 2,013 80,311 102,693
Additions 1,078 741 1,297 46,974 50,090
Disposals ( 960 ) ( 1,111 ) ( 142 ) 0 ( 2,213 )
Revaluations
Transfers
At 31 August 2023 2,793 17,324 3,168 127,285 150,570
Depreciation
At 1 September 2022 1,130 5,187 971 24,986 32,274
Charge for year 541 4,207 603 19,193 24,544
On disposals ( 701 ) ( 278 ) ( 35 ) ( 1,014 )
Other adjustments
At 31 August 2023 970 9,116 1,539 44,179 55,804
Net book value
At 31 August 2023 1,823 8,208 1,629 83,106 94,766
At 31 August 2022 1,545 12,507 1,042 55,325 70,419

MID SURREY COMMUNITY FRIDGES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

2023 2022
£ £
Trade debtors 0 2,500
Prepayments and accrued income 2,234 120
Other debtors 3,500 15,271
Total 5,734 17,891

MID SURREY COMMUNITY FRIDGES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 788 1,204
Taxation and social security 2,585 6,176
Accruals and deferred income 156,015 44,125
Other creditors 214
Total 159,388 51,719

MID SURREY COMMUNITY FRIDGES CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Financial Commitments

Leasing Agreements Minimum lease payments under non-cancellable operating leases fall due as follows: With one year £15,172 (2023) £14,570 (2022) Between one and five years £16,933 (2023) £30,903 (2022) Total £32,105 (2023) £45,473 (2022)

COMMUNITY INTEREST ANNUAL REPORT

MID SURREY COMMUNITY FRIDGES CIC

Company Number: 12139703 (England and Wales)

Year Ending: 31 August 2023

Company activities and impact

During the last year Mid Surrey Community Fridges has; - Collected 237,350kg of food which equates to 527,444 meals. - Helped around 896 households, of these, 355 households have children under 18 years old and 40 households have a disability. Most of these households revisit us each week. - Run slow cooker courses at our Leatherhead hub with each participant receiving a slow cooker. - Operated out of 14 locations, opening 21 times per week. - Provided signposting and support for residents most in need; job application support, Universal Credit support and a friendly face for the many elderly, disabled and isolated in our communities. - Provided volunteering opportunities for 158 people who tell us the opportunity has improved their mental health, given them a purpose and formed new friendships.

Consultation with stakeholders

Clarion Futures We have regular meetings with Clarion Futures, the charitable arm of Clarion Housing. We receive funding from them for our Goodwyns and Leatherhead Community Fridges, both of which are on Clarion housing estates. We support many Clarion residents, supplying food, socialisation and signposting to Clarion job support services. The Community Fridge is a lifeline for the isolated at Goodwyns. Leatherhead Community Hub The Leatherhead Community Hub is now open with a Community Cafe. An Advice Cafe is opening at the same time as the Community Fridge which offers support from the Citizens Advice Bureau, Christians Against Poverty and Epsom Foodbank. Department for Work and Pensions, Mole Valley Employment and Skills Hub, and Citizens Advice Bureau visit our Leatherhead hub for monthly drop in sessions.

Directors' remuneration

The total Directors' Remuneration is £60,880. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 August 2024

And signed on behalf of the board by:
Name: A S White
Status: Director