PRESTWOOD ETHICAL AND COMMUNITY ENTERPRISES C.I.C.

Company limited by guarantee

Company Registration Number:
14655057 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 10 February 2023

End date: 28 February 2024

PRESTWOOD ETHICAL AND COMMUNITY ENTERPRISES C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PRESTWOOD ETHICAL AND COMMUNITY ENTERPRISES C.I.C.

Balance sheet

As at 28 February 2024

Notes 13 months to 28 February 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Cash at bank and in hand: 2,995
Investments:   0
Total current assets: 2,995
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 414 )
Net current assets (liabilities): 2,581
Total assets less current liabilities: 2,581
Total net assets (liabilities): 2,581
Members' funds
Profit and loss account: 2,581
Total members' funds: 2,581

The notes form part of these financial statements

PRESTWOOD ETHICAL AND COMMUNITY ENTERPRISES C.I.C.

Balance sheet statements

For the year ending 28 February 2024 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.

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 5 September 2024
and signed on behalf of the board by:

Name: Catherine Bunting
Status: Director

The notes form part of these financial statements

PRESTWOOD ETHICAL AND COMMUNITY ENTERPRISES C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 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

PRESTWOOD ETHICAL AND COMMUNITY ENTERPRISES C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    13 months to 28 February 2024
    Average number of employees during the period 0

PRESTWOOD ETHICAL AND COMMUNITY ENTERPRISES C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Creditors: amounts falling due within one year note

13 months to 28 February 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 414
Total 414

COMMUNITY INTEREST ANNUAL REPORT

PRESTWOOD ETHICAL AND COMMUNITY ENTERPRISES C.I.C.

Company Number: 14655057 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

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

Consultation with stakeholders

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.

Directors' remuneration

No remuneration was received

Transfer of assets

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