THE CHERRY TREE PROJECT (CTP) CIC

Company limited by guarantee

Company Registration Number:
13082016 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

THE CHERRY TREE PROJECT (CTP) CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

THE CHERRY TREE PROJECT (CTP) CIC

Directors' report period ended 31 December 2023

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

Principal activities of the company

Objectives and aims The objects of the Company are to carry on activities which benefit the community and in particular creating a safe place for young people through our social provisions. Giving young people access to opportunities, sport, exercise and healthy meals. Providing school holiday clubs that offer young people enriching activities and food. Providing food parcels and support to those who need it. Providing volunteering opportunities to 10 local residents who may benefit. Working with local supermarkets to redistribute surplus food and reduce food waste. Company activities The Cherry Tree Project has continued to meet its objectives, providing a safe space for young people in our community and providing food and services to support their families, their neighbours and the wider community, forming part of the Stockport Food Network and signposting to external partners and advise services. This year we have provided 4 youth groups after school each week during term time, providing cooked meals at all sessions as well as a range of activities including exercise, wellness, homework support and youth volunteering. We provided holiday clubs and activities and meals for primary/secondary school pupils during the school holidays. This included the provision of 150 meals each week. We continued to run two food provisions (from the HUB on Cherry Tree Lane and the Guywood Centre) - feeding 35 households each week. We continued to run ActiviTea, a group for the socially isolated which meets on Fridays to take part in chair-based exercise and share a meal. We delivered 3 ‘Warm Spaces’ providing a safe place for people of all ages to share a meal during winter months, we expanded the project this year to include young people as well as those who access the foodbank and all sessions included a hot meal. Most of what we do is enabled through a team of hard-working volunteers, particularly to enable our food provision. We continue to develop a team of young volunteers, to assist with our children/youth work, enabling and equipping this generation to learn their value, to serve, to get skills, and hopefully to become key leaders with us, or elsewhere. We increased our paid staff team, which includes 3 teenagers, enabling us to guarantee the provision of our services to young people during the week. Our services were delivered through the financial support of several local partners, a handful of local individuals who provide regular financial support, and through money received from successful funding applications, including from the local authority, to deliver services on their behalf.

Additional information

The summary of results for the year is shown on page 4 of the accounts. The directors consider that the performance of the company has been satisfactory. The total income for the period is shown on page 4 , was £59,130 (2022 £54.755). Total expenditure was £57,484 (2022 £49,688). Total fund reserves at 31 December 2023 were £37,152



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

RACHEL STEPHENS
INGE CHALLINOR
JILLIAN HOOKWAY


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
13 August 2024

And signed on behalf of the board by:
Name: RACHEL STEPHENS
Status: Director

THE CHERRY TREE PROJECT (CTP) CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 59,130 54,755
Cost of sales: ( 17,782 ) ( 10,851 )
Gross profit(or loss): 41,348 43,904
Administrative expenses: ( 39,702 ) ( 38,837 )
Operating profit(or loss): 1,646 5,067
Profit(or loss) before tax: 1,646 5,067
Tax: 0 0
Profit(or loss) for the financial year: 1,646 5,067

THE CHERRY TREE PROJECT (CTP) CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,632 5,448
Total fixed assets: 3,632 5,448
Current assets
Debtors: 4 4,000 2,250
Cash at bank and in hand: 39,610 29,667
Total current assets: 43,610 31,917
Creditors: amounts falling due within one year: 5 ( 10,090 ) ( 1,859 )
Net current assets (liabilities): 33,520 30,058
Total assets less current liabilities: 37,152 35,506
Total net assets (liabilities): 37,152 35,506
Members' funds
Profit and loss account: 37,152 35,506
Total members' funds: 37,152 35,506

The notes form part of these financial statements

THE CHERRY TREE PROJECT (CTP) CIC

Balance sheet statements

For the year ending 31 December 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 13 August 2024
and signed on behalf of the board by:

Name: RACHEL STEPHENS
Status: Director

The notes form part of these financial statements

THE CHERRY TREE PROJECT (CTP) CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    Tangible fixed assets depreciation policy

    Fixed assets have been depreciated at a rate to write off their cost over their useful lives, in this case set by the directors at five years.

THE CHERRY TREE PROJECT (CTP) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 8 3

THE CHERRY TREE PROJECT (CTP) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 9,080 9,080
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 9,080 9,080
Depreciation
At 1 January 2023 3,632 3,632
Charge for year 1,816 1,816
On disposals
Other adjustments
At 31 December 2023 5,448 5,448
Net book value
At 31 December 2023 3,632 3,632
At 31 December 2022 5,448 5,448

THE CHERRY TREE PROJECT (CTP) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 4,000 2,250
Total 4,000 2,250

THE CHERRY TREE PROJECT (CTP) CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 10,090 1,859
Total 10,090 1,859

COMMUNITY INTEREST ANNUAL REPORT

THE CHERRY TREE PROJECT (CTP) CIC

Company Number: 13082016 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The Cherry Tree Project has continued to meet its objectives, providing a safe space for young people in our community and providing food and services to support their families, their neighbours and the wider community, forming part of the Stockport Food Network and signposting to external partners and advise services. This year we have provided 4 youth groups after school each week during term time, providing cooked meals at all sessions as well as a range of activities including exercise, wellness, homework support and youth volunteering. We provided holiday clubs and activities and meals for primary/secondary school pupils during the school holidays. This included the provision of 150 meals each week. We continued to run two food provisions (from the HUB on Cherry Tree Lane and the Guywood Centre) - feeding 35 households each week. We continued to run ActiviTea, a group for the socially isolated which meets on Fridays to take part in chair-based exercise and share a meal. We delivered 3 ‘Warm Spaces’ providing a safe place for people of all ages to share a meal during winter months, we expanded the project this year to include young people as well as those who access the foodbank and all sessions included a hot meal. Most of what we do is enabled through a team of hard-working volunteers, particularly to enable our food provision. We continue to develop a team of young volunteers, to assist with our children/youth work, enabling and equipping this generation to learn their value, to serve, to get skills, and hopefully to become key leaders with us, or elsewhere. We increased our paid staff team, which includes 3 teenagers, enabling us to guarantee the provision of our services to young people during the week. Our services were delivered through the financial support of several local partners, a handful of local individuals who provide regular financial support, and through money received from successful funding applications, including from the local authority, to deliver services on their behalf.

Consultation with stakeholders

We frequently meet the people we serve.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £17,520. 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
13 August 2024

And signed on behalf of the board by:
Name: RACHEL STEPHENS
Status: Director