NATUREWORKS TRAINING COMMUNITY INTEREST COMPANY

Company Registration Number:
03987997 (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

NATUREWORKS TRAINING COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

NATUREWORKS TRAINING COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 212,299 213,094
Cost of sales: ( 23,032 ) ( 41,218 )
Gross profit(or loss): 189,267 171,876
Administrative expenses: ( 163,218 ) ( 155,729 )
Other operating income: 10,757 22,624
Operating profit(or loss): 36,806 38,771
Interest receivable and similar income: 145
Profit(or loss) before tax: 36,951 38,771
Tax: ( 9,973 ) ( 963 )
Profit(or loss) for the financial year: 26,978 37,808

NATUREWORKS TRAINING COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 63,614 78,552
Total fixed assets: 63,614 78,552
Current assets
Debtors: 4 19,340 14,287
Cash at bank and in hand: 32,664 1,151
Total current assets: 52,004 15,438
Creditors: amounts falling due within one year: 5 ( 10,473 ) ( 9,328 )
Net current assets (liabilities): 41,531 6,110
Total assets less current liabilities: 105,145 84,662
Total net assets (liabilities): 105,145 84,662
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 105,135 84,652
Total Shareholders' funds: 105,145 84,662

The notes form part of these financial statements

NATUREWORKS TRAINING COMMUNITY INTEREST COMPANY

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

Name: Joanna Wright
Status: Director

The notes form part of these financial statements

NATUREWORKS TRAINING COMMUNITY INTEREST COMPANY

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

    Tangible fixed assets and depreciation 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 10% Straight Line Basis Plant & machinery 15% on reducing balance or 20% on Straight Line Basis Fixtures & fittings 15% on reducing balance or 25% on Straight Line Basis Computer equipment 25% Straight Line Basis

NATUREWORKS TRAINING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

NATUREWORKS TRAINING COMMUNITY INTEREST COMPANY

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 67,361 49,709 44,599 2,720 164,389
Additions 1,756 420 2,176
Disposals
Revaluations
Transfers
At 31 December 2023 67,361 49,709 46,355 3,140 166,565
Depreciation
At 1 January 2023 12,619 35,112 35,406 2,700 85,837
Charge for year 6,736 5,758 4,566 54 17,114
On disposals
Other adjustments
At 31 December 2023 19,355 40,870 39,972 2,754 102,951
Net book value
At 31 December 2023 48,006 8,839 6,383 386 63,614
At 31 December 2022 54,742 14,597 9,193 20 78,552

NATUREWORKS TRAINING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 4,245 1,456
Other debtors 15,095 12,831
Total 19,340 14,287

NATUREWORKS TRAINING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 198 66
Taxation and social security 10,275 1,755
Other creditors 0 7,507
Total 10,473 9,328

COMMUNITY INTEREST ANNUAL REPORT

NATUREWORKS TRAINING COMMUNITY INTEREST COMPANY

Company Number: 03987997 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

During 2023 we worked with 26 people with support needs on a weekly basis, delivering 2400 days of City and Guilds training and work preparation. We also provided work experience and duke of Edinburgh placements for a further 10 school children. Our new training room has enabled us to extend our training provision and also significantly improved the social interactions among our groups. We launched a new microenterprise – edible flowers - which provided 2 part time paid roles for people with support needs. We sold over 1000 punnets, totalling 50000 flower heads this year. We were featured on BBCs Countryfile this year and also helped provide and coordinate the flowers for King Charles 1sts coronation

Consultation with stakeholders

Stakeholders include service users, their parents and carers, Tenders, Volunteers and the wider community. We have an ethos of open and honest communication and all stakeholders have access to our management team on a daily basis. We also hold more formal annual reviews with our service users, family and referral team. we implement change after reviewing feedback, if necessary, in a prompt and proactive manner.

Directors' remuneration

Directors are paid a salary through the payroll - Itemised in accounts

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Mrs Joanna Wright
Status: Director