FOODNESS C.I.C.

Company limited by guarantee

Company Registration Number:
11910704 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 April 2023

End date: 31 December 2023

FOODNESS 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

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

Paula Gallardo
Jane Macintyre


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
19 September 2024

And signed on behalf of the board by:
Name: Paula Gallardo
Status: Director

FOODNESS C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2023

31 December 2023 31 March 2023


£

£
Turnover: 15,868 11,600
Cost of sales: ( 8,153 ) ( 3,918 )
Gross profit(or loss): 7,715 7,682
Administrative expenses: 12,872 ( 7,682 )
Operating profit(or loss): 20,587 0
Profit(or loss) before tax: 20,587 0
Profit(or loss) for the financial year: 20,587 0

FOODNESS C.I.C.

Balance sheet

As at 31 December 2023

Notes 31 December 2023 31 March 2023


£

£
Current assets
Stocks: 3 5,067 5,059
Cash at bank and in hand: 29,788 23,042
Total current assets: 34,855 28,101
Creditors: amounts falling due within one year: 4 ( 1,799 ) ( 15,632 )
Net current assets (liabilities): 33,056 12,469
Total assets less current liabilities: 33,056 12,469
Total net assets (liabilities): 33,056 12,469
Members' funds
Profit and loss account: 33,056 12,469
Total members' funds: 33,056 12,469

The notes form part of these financial statements

FOODNESS 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 19 September 2024
and signed on behalf of the board by:

Name: Paula Gallardo
Status: Director

The notes form part of these financial statements

FOODNESS 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods, donations and grant income. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Grant income Grant income is recognised when the company has entitlement to the funds, any future performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

    Other accounting policies

    Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

FOODNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    31 December 2023 31 March 2023
    Average number of employees during the period 0 0

FOODNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Stocks

31 December 2023 31 March 2023
£ £
Stocks 5,067 5,059
Total 5,067 5,059

FOODNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

31 December 2023 31 March 2023
£ £
Taxation and social security 105 105
Accruals and deferred income 1,694 720
Other creditors 14,807
Total 1,799 15,632

COMMUNITY INTEREST ANNUAL REPORT

FOODNESS C.I.C.

Company Number: 11910704 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Foodness CIC creates and sells Refugee Community Kitchen (RCK) merchandise in order to raise much needed money for the charity. Foodness has raised much needed funds during this financial year, all of which have been used to further the charity's goals. As a result of the work undertaken by Foodness CIC, RCK has managed to serve over 160,000 meals to those in food poverty in the UK and France.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

Donations were made to the parent charity Refugee Community Kitchen as permitted by article 3.5 of the articles of association.

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

And signed on behalf of the board by:
Name: Jane Macintyre
Status: Director