CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Company limited by guarantee

Company Registration Number:
07735609 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

The company's principal activity during the year continued to be growing and selling fresh, locally grown vegetables and fruit for the benefit of the local community.



Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

D Barry
M S Norman
J C Mellowship
D J Clarke


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

C F Barry


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
16 August 2024

And signed on behalf of the board by:
Name: D Barry
Status: Director

CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 54,526 52,792
Cost of sales: ( 45,677 ) ( 35,113 )
Gross profit(or loss): 8,849 17,679
Distribution costs: ( 1,203 ) ( 1,672 )
Administrative expenses: ( 11,070 ) ( 8,773 )
Other operating income: 500
Operating profit(or loss): (2,924) 7,234
Profit(or loss) before tax: (2,924) 7,234
Profit(or loss) for the financial year: (2,924) 7,234

CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 7,461 8,011
Total fixed assets: 7,461 8,011
Current assets
Cash at bank and in hand: 11,321 17,527
Total current assets: 11,321 17,527
Creditors: amounts falling due within one year: 4 ( 3,178 ) ( 4,524 )
Net current assets (liabilities): 8,143 13,003
Total assets less current liabilities: 15,604 21,014
Creditors: amounts falling due after more than one year: 5 ( 5,044 ) ( 7,530 )
Total net assets (liabilities): 10,560 13,484
Members' funds
Profit and loss account: 10,560 13,484
Total members' funds: 10,560 13,484

The notes form part of these financial statements

CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Balance sheet statements

For the year ending 30 November 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 16 August 2024
and signed on behalf of the board by:

Name: D Barry
Status: Director

The notes form part of these financial statements

CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Notes to the Financial Statements

for the Period Ended 30 November 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    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, less estimated residual value, of each asset evenly over its expected useful life.

CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 50,986 940 51,926
Additions 3,127 3,127
Disposals
Revaluations
Transfers
At 30 November 2023 50,986 4,067 55,053
Depreciation
At 1 December 2022 43,605 310 43,915
Charge for year 2,436 1,241 3,677
On disposals
Other adjustments
At 30 November 2023 46,041 1,551 47,592
Net book value
At 30 November 2023 4,945 2,516 7,461
At 30 November 2022 7,381 630 8,011

CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 158
Other creditors 3,178 4,366
Total 3,178 4,524

CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 5,044 7,530
Total 5,044 7,530

COMMUNITY INTEREST ANNUAL REPORT

CAMEL COMMUNITY SUPPORTED AGRICULTURE CIC

Company Number: 07735609 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

In 2022-2023 we have maintained good membership levels throughout the year and, therefore, maintained good veg box outputs and excellent income levels. Fulfilling these good box numbers has resulted in significantly higher service provider costs than in previous years. Despite these factors, and aided by some savings made elsewhere, the overall result for the year was a surprisingly modest balance of £8568 on the year, and an end-of-year bank balance £11,321 (includes £2043 from Grants received) that provides a strong start point for 2023-2024. We continue to benefit from the automated software solution Smartsheets that gives real time visibility and when any financial decisions are required the core management team has the information they need to make informed decisions. In 2022-2023 we maintained a good weekly output, averaging 71 boxes per week. We started the year on equal 38 boxes for small and standard going out, then we saw the standards drop off and the smalls increase, by half way into the year we noticed a complete switch over 37 standards and 29 small boxes per week. . In fact, Standard boxes remain more than Small boxes from 1868 to 1799. This drove a 6.7% increase in “Standard Box Equivalents” during the year. This measure is important as it drives our budgetary model each year – we use it to predict income and buying-in costs, as well as helping our Growers to plan their planting and cropping schedules. Our waiting list of potential members is at an all-time low, so in the coming year the intention is to start a marketing campaign to increase our waiting list and also member list. Actual income was a steady line throughout the year, although this doesn’t reflect the budget, overall we fared better than anticipated through the latter part of the year. The overall result was a balance of £8,568 over the year. The service provider costs were higher than expected, our lead grower left mid-year, due to loss of experience and height of the growing season we covered this with our seasonal grower and added a new role ‘Site Manager/Volunteer Coordinator’ to support overall management. Given the changing situation the cost impact was £1300 over budget, so this is an excellent result in the circumstances. Veg box income for the year was again up by just 2% on last year, to £48,489, reflecting the lower veg box numbers and higher service provider hours as mentioned earlier. The work required to produce the average 71 number of boxes was substantial, however due to our strong and excellent leadership with increased volunteer support we were able to build a profit. The rising cost of living in all areas did influence other cost expenses, which include rent, insurance, packaging costs, web support, and seed purchase etc were 30% higher this year, which is double last year. The buying in of produce increased also from £8,353 to £10,787 which is not surprising and was only slightly under estimated budget. We have carefully considered rising costs through all aspects of our expenses to mitigate risks. The gross profit was £8,568 with a loss of £2924 due to higher administrative expenses and subcontractors costs. Therefore we have considered our budget for 2023–2024 carefully to ensure that we maintain achievements and support other ventures on our journey. In 2022/23, we achieved key milestones in completing the planting of 37 apple trees in our orchard and hosting two beehives. We built our cool store for our lovely veg over the winter months. Next we built ‘The Cabin’ this will transform the heart of our community enterprise, making way for us to hold more community driven events on site. We also took another step to reducing our environmental impact by going fully electric with all the machinery we use on site to manage the land. Our biggest challenges of the year were much the same as 2023. We experienced extreme weather, high rainfall for March then a long dry spell during the early summer months and a very wet Autumn, and winter storms wreaked havoc on two of our polytunnels. Farming is always a process of learning and refining, our Growing Team continues to grow over 100 different varieties of veg, using no-dig and organic methods. In 2023, 49% of produce in the weekly veg boxes was being bought in from local growers, 22% was spent on buying in from our overall income. Data taken from our annual survey sees our members preferring us to buy from local producers rather than organically-grown produce. Cornwall has very few organic farms to choose from. The team is supported by around 30 regular volunteers offering a variety of skills including growing; picking & packing; building and maintaining; and administration. Not to mention compost turning, nature conserving, pollinator counting, grass mowing, hedge trimming, shed tidying, pick-up point hosting, social media posting, chutney making. The number of volunteer hours is around the equivalent of two full-time workers, our volunteers are our greatest asset, and we are extremely grateful and proud they choose to join us each week. We continue to make changes on site so that both our paid workers and volunteers feel more welcome. We aim for our volunteer sessions to be more inclusive and rewarding, making it easier to volunteer. We held a number of successful events on site; a visit from Wadebridge Rotary Club, a volunteer orchard rake and barbecue afternoon, a visit from BBC Spotlight to talk about the community growing report produced by Sustainable Food Cornwall, our annual Apple day and an end of year Christmas social. Lastly we took part in a case study, to discuss our business model including finance, governance and volunteer management. Arca film crew came to record footage of the site and surroundings including drone footage to be used for a legacy film to mark the end of the project ‘Arca circular food project. While the year certainly presented the farm with varied challenges, we have felt the strength and resilience of our core management team, volunteers and community coming together. The farm’s achievements and outputs are helping our members make sustainable food choices. Camel CSA continues to stay true to its core values by prioritising organic vegetables that are locally grown, fresh and seasonal.

Consultation with stakeholders

The Company’s stakeholders are local residents, living within a ten-mile radius of the project. Apart from the Annual General Meeting, no formal consultations were conducted in 2023. Members continue to receive a weekly email keeping them in touch with developments. Our Instagram and Facebook page also attracts interest. At Treraven next to a public footpath we continue to have a lot of face to face contact with the public. During the weekly picking & packing, volunteer sessions and monthly meetings the opportunity is taken to discuss plans and to consult informally on proposals concerning planting, marketing strategy and the organisation of community events.

Directors' remuneration

Directors’ receive remuneration in form of Subcontractor fees, see full details in our accounts for transparency/accountability Director fees is now split out from non-director subcontractor fees on Profit & Loss.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Diana Barry
Status: Director