GROW2KNOW CIC

Company limited by guarantee

Company Registration Number:
12375974 (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

GROW2KNOW CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GROW2KNOW 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

The principal activity of the company is that of a non-profit organisation focused on empowering young people through horticulture whilst also creating a more inclusive environment.



Directors

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

Mr T S Hayden-Smith
Mr D B Clarke


The director shown below has held office during the period of
1 January 2023 to 24 February 2023

Miss A V Yellop


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
26 September 2024

And signed on behalf of the board by:
Name: Mr T S Hayden-Smith
Status: Director

GROW2KNOW CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 504 1,384
Total fixed assets: 504 1,384
Current assets
Debtors: 4 1,800
Cash at bank and in hand: 30,467 39,578
Total current assets: 30,467 41,378
Creditors: amounts falling due within one year: 5 ( 13,528 ) ( 10,416 )
Net current assets (liabilities): 16,939 30,962
Total assets less current liabilities: 17,443 32,346
Provision for liabilities: ( 96 ) ( 263 )
Total net assets (liabilities): 17,347 32,083
Members' funds
Profit and loss account: 17,347 32,083
Total members' funds: 17,347 32,083

The notes form part of these financial statements

GROW2KNOW 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.

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

Name: Mr T S Hayden-Smith
Status: Director

The notes form part of these financial statements

GROW2KNOW 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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives.

    Other accounting policies

    Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

GROW2KNOW CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

GROW2KNOW 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 3,597 3,597
Additions 142 142
Disposals
Revaluations
Transfers
At 31 December 2023 3,739 3,739
Depreciation
At 1 January 2023 2,213 2,213
Charge for year 1,022 1,022
On disposals
Other adjustments
At 31 December 2023 3,235 3,235
Net book value
At 31 December 2023 504 504
At 31 December 2022 1,384 1,384

GROW2KNOW CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,800
Total   1,800

GROW2KNOW CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 10,428 7,314
Accruals and deferred income 3,100 3,100
Other creditors 2
Total 13,528 10,416

COMMUNITY INTEREST ANNUAL REPORT

GROW2KNOW CIC

Company Number: 12375974 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

In the space provided below, please insert a general account of the company's activities in the financial year to which the report relates, including a description of how they have benefited the community. Grow2Know has delivered several projects in the community which have involved, engaged & consulted participants to design & create community spaces through horticulture - pivoting on biodiversity, inclusion & the environment. Community members have learnt about horticulture as part of our workshops & events, & have also been able to be a part of building community assets.

Consultation with stakeholders

Grow2Know has consulted with residents & the local community to collaborate on the design & delivery of garden spaces.

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
26 September 2024

And signed on behalf of the board by:
Name: Mr T S Hayden-Smith
Status: Director