FENTENFENNA FARM CIC

Company limited by guarantee

Company Registration Number:
12953185 (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

FENTENFENNA FARM 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

FENTENFENNA FARM 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

Directors

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

Luke Berkeley
Amelia Berkeley
Hetty Ninnis


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
28 July 2024

And signed on behalf of the board by:
Name: Luke Berkeley
Status: Director

FENTENFENNA FARM CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 26,106 18,361
Cost of sales: 0 0
Gross profit(or loss): 26,106 18,361
Administrative expenses: ( 62,800 ) ( 44,712 )
Other operating income: 31,575 25,387
Operating profit(or loss): (5,119) (964)
Interest payable and similar charges: ( 756 ) ( 756 )
Profit(or loss) before tax: (5,875) (1,720)
Profit(or loss) for the financial year: (5,875) (1,720)

FENTENFENNA FARM CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 239,594 230,664
Total fixed assets: 239,594 230,664
Current assets
Debtors: 4 13,935 6,222
Cash at bank and in hand: 27,427 57,666
Total current assets: 41,362 63,888
Creditors: amounts falling due within one year: 5 ( 241,315 ) ( 249,036 )
Net current assets (liabilities): (199,953) (185,148)
Total assets less current liabilities: 39,641 45,516
Creditors: amounts falling due after more than one year: 6 ( 50,000 ) ( 50,000 )
Total net assets (liabilities): (10,359) (4,484)
Members' funds
Profit and loss account: (10,359) ( 4,484)
Total members' funds: ( 10,359) (4,484)

The notes form part of these financial statements

FENTENFENNA FARM 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 28 July 2024
and signed on behalf of the board by:

Name: Luke Berkeley
Status: Director

The notes form part of these financial statements

FENTENFENNA FARM 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

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Land & buildings: 50 Years for buildings, 20 years for infrastructure Plant & machinery: 10 years Motor vehicles: 10 years Fixtures & fittings: 5 years Computer equipment: 5 years Other tangible fixed assets: 5 years

FENTENFENNA FARM 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 0

FENTENFENNA FARM 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 231,443 4,939 2,300 238,682
Additions 18,001 680 18,681
Disposals
Revaluations
Transfers
At 31 October 2023 249,444 5,619 2,300 257,363
Depreciation
At 1 November 2022 7,169 581 268 8,018
Charge for year 7,150 1,301 1,300 9,751
On disposals
Other adjustments
At 31 October 2023 14,319 1,882 1,568 17,769
Net book value
At 31 October 2023 235,125 3,737 732 239,594
At 31 October 2022 224,274 4,358 2,032 230,664

FENTENFENNA FARM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 10,932 3,644
Prepayments and accrued income 2,873 2,578
Other debtors 130
Total 13,935 6,222

FENTENFENNA FARM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 25,000 25,000
Trade creditors 4,097 10,443
Taxation and social security 3,045
Accruals and deferred income 209,173 213,593
Total 241,315 249,036

FENTENFENNA FARM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

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

2023 2022
£ £
Bank loans and overdrafts 50,000 50,000
Total 50,000 50,000

COMMUNITY INTEREST ANNUAL REPORT

FENTENFENNA FARM CIC

Company Number: 12953185 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The farms infrastructure has continued to develop allowing multiple agro food businesses to thrive on the site. We have developed a new building which will be used for processing and distributing waste foods among a range local organisations. Our volunteer programmes have continued to grow providing a crucial space for individuals to develop skills in the agro food industry.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £16,947. 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 July 2024

And signed on behalf of the board by:
Name: Luke Berkeley
Status: Director