for the Period Ended 28 February 2024
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 13 months to 28 February 2024 | ||
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£ |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 3 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 28 February 2024
Basis of measurement and preparation
for the Period Ended 28 February 2024
13 months to 28 February 2024 | ||
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Average number of employees during the period |
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for the Period Ended 28 February 2024
13 months to 28 February 2024 | ||
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£ | ||
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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The Company runs Prestwood Community Fridge. Prestwood Community Fridge aims to reduce food waste and by doing so bring a little more kindness to Prestwood. Local people can take away food that has been donated and donate food themselves. In the financial year 2023 the company has: Located premises and opened. Opened a bank account and set up the relevant procedures and Risk Assessments. Registered with Hubbub (the Community Fridge Network). The Community Fridge has benefited the community in the following ways: Local residents, particularly those lacking transport or with impaired mobility, can access local food resources. Food that would otherwise go to waste has been used. New networks of volunteers and users have formed around the fridge community. There are over 25 active volunteers. We have customers from a really broad spectrum in the community. Many are very passionate about reducing food waste, but the cost of living crisis is also a real challenge for many people. Users are enthusiastic about the benefits of the Community Fridge. Some comments we have received from unsolicited feedback: All the volunteers do an amazing job, well done to all involved. It's astounding how much food would be wasted if it wasn't for these great people. I like to pop in on Saturdays to get some fancy bread & cakes for lunch. You never know what will be there, which is part of the fun. I’ve visited 3 times and it’s a really positive experience THANK YOU for supplying much needed food to the community. Nobody should ever go hungry. Keep up the good work! We have developed food collection relationships with: Local village shops Local Spar shops The Co-op Local Tescos
The company’s stakeholders are the residents of the village that use the community fridge; the volunteer base that supports it; and the businesses that help supply it. We have not systematically consulted our users in our first six months of operation. This is because we wanted to keep the cost of engagement low for users as we built up our offering. We have continually taken informal feedback from users and volunteers have shared this with directors (see above). We have changed our opening hours as a result of this feedback. We are now planning a direct consultation exercise with our increasingly loyal user base. We have a monthly Teams meeting where all volunteers are invited to share and discuss the workings of the fridge with directors. User feedback always forms a part of these meetings. Volunteer feedback is also given. We have taken numerous actions as a result of these volunteer meetings including addressing signage and visibility issues, changing procedures for how much food can be taken in one visit, and finding new ways to increase engagement. We have discussed the logistics of sourcing food from the businesses that help supply us, and have changed pick-up routes and times in the light of those discussions.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
5 September 2024
And signed on behalf of the board by:
Name: Catherine Bunting
Status: Director