REGENAGRI C.I.C.

Company Registration Number:
14596676 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 17 January 2023

End date: 31 December 2023

REGENAGRI C.I.C.

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

REGENAGRI C.I.C.

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

Directors

The director shown below has held office during the period of
24 April 2023 to 31 December 2023

L G La Cruz Al Varez


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

Franco Costantini
Shatadru Chattopadhayay


The director shown below has held office during the period of
17 January 2023 to 30 November 2023

Jeroen Douglas


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
21 June 2024

And signed on behalf of the board by:
Name: Franco Costantini
Status: Director

REGENAGRI C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2023

11 months to 31 December 2023


£
Turnover: 485,774
Gross profit(or loss): 485,774
Administrative expenses: ( 376,519 )
Operating profit(or loss): 109,255
Interest payable and similar charges: ( 186 )
Profit(or loss) before tax: 109,069
Tax: 29,464
Profit(or loss) for the financial year: 138,533

REGENAGRI C.I.C.

Balance sheet

As at 31 December 2023

Notes 11 months to 31 December 2023


£
Fixed assets
Tangible assets: 3 230,426
Total fixed assets: 230,426
Current assets
Debtors: 4 271,684
Total current assets: 271,684
Creditors: amounts falling due within one year: 5 ( 263,577 )
Net current assets (liabilities): 8,107
Total assets less current liabilities: 238,533
Total net assets (liabilities): 238,533
Capital and reserves
Called up share capital: 100,000
Profit and loss account: 138,533
Total Shareholders' funds: 238,533

The notes form part of these financial statements

REGENAGRI C.I.C.

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 21 June 2024
and signed on behalf of the board by:

Name: Franco Costantini
Status: Director

The notes form part of these financial statements

REGENAGRI C.I.C.

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

REGENAGRI C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    11 months to 31 December 2023
    Average number of employees during the period 5

REGENAGRI C.I.C.

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 £ £ £ £ £ £
Additions 240,095 5,280 245,375
Disposals
Revaluations
Transfers
At 31 December 2023 240,095 5,280 245,375
Depreciation
Charge for year 14,949 14,949
On disposals
Other adjustments
At 31 December 2023 14,949 14,949
Net book value
At 31 December 2023 225,146 5,280 230,426

REGENAGRI C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

11 months to 31 December 2023
£
Trade debtors 103,127
Other debtors 168,557
Total 271,684

REGENAGRI C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

11 months to 31 December 2023
£
Bank loans and overdrafts 173,535
Trade creditors 33,856
Taxation and social security 88
Other creditors 56,098
Total 263,577

COMMUNITY INTEREST ANNUAL REPORT

REGENAGRI C.I.C.

Company Number: 14596676 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Regenagri is a regenerative agriculture initiative aimed at securing the health of the land and the wealth of those who live on it. It supports farms and organizations to transition to holistic farming techniques that increase soil organic matter, encourage biodiversity and sequester CO2. We provide standards and digital tools to certify the impact and to assure the integrity of regenagri-certified products from farms to finished products. We also provide farmers with routes to additional funds through carbon credit and impact incentives. Broadly speaking, 2023 was a year of great success stories for Regenagri; from continued growth in the textiles sector, to our expansion into food supply chains. Our efforts to connect with organisations seeking solutions to support their climate strategies saw a huge increase in the area of land covered by regenagri standards and certification. We also worked hard to strengthen our standards and data assurance to support this influx of new partners. Set against a backdrop of increasingly extreme weather affecting crops and livelihoods around the globe, the very real threat of climate change makes our work more urgent than ever. In April 2024 Regenagri’s programme supported over 230,000 farms and 855 supply chain operators worldwide to become more climate resilient by reducing their carbon footprint while stabilising and increasing their income. The Impact Report 2023 is attached.

Consultation with stakeholders

Solidaridad Network Foundation and Solidaridad Network Asia Limited are shareholders and stakeholders of Regenagri C.i.C. Solidaridad. Solidaridad is an international Civil Society Organization, working in over 40 countries throughout the whole supply chain to make sustainability the norm and enable farmers and workers to earn a decent income, produce in balance with nature, and shape their own future. In 2023 Solidaridad implemented the Regenagri Program in their programs, and provided input to the standard to improve the standard’s quality. Control Union provides certification and verification services. Working closely with Control Union, and listening to the feedback from our users, we improved functionalities to assess water quality, biodiversity, fertiliser use and crop protection. Farmers have told us that longwinded, confusing processes discourage them from sharing data and, ultimately, achieving certification. By improving these processes we can reduce unnecessary auditing burden. Regenagri clients are important stakeholders too. In 2023, for instance, we did a lot of stakeholder consultations in the food sector to expand the food sector’s use of regenagri standards; from almonds and coffee to sugarcane and mangoes. The adoption of regenagri by coffee producers is a recent success story. By the end of 2023, 50,627 hectares of coffee farms in Brazil were regenagri-certified (compared with 22,812 hectares in 2022, a 120% increase on 2022 figures). The Impact Report 2023 covering these points is attached

Directors' remuneration

In 2023, the director received a remuneration of GBP 119,322.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
11 September 2024

And signed on behalf of the board by:
Name: Franco Costantini
Status: Director