COMPOST LONDON CIC

Company limited by guarantee

Company Registration Number:
11135700 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

COMPOST LONDON CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

COMPOST LONDON CIC

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal activities of the company

The principal activity of Compost London C.I.C. is to give information, advice, support and training to voluntary and community groups.

Additional information

Directors Responsibilities The directors are responsible for preparing the financial statements in accordance with applicable law and UK Generally Accepted Accounting Practice. The Companies Act 2006 requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit and loss of the company for that period. In preparing those financial statements, the directors are required to: Select suitable accounting policies and then apply them consistently; Make judgements and estimates that are reasonable and prudent; Prepare the financial statement on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Caroline Rouse
Michelle Sian Coulton
Anne Crisp
Briony Margaret Fleming


The director shown below has held office during the period of
1 February 2023 to 1 January 2024

Nafisa Patel


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
13 September 2024

And signed on behalf of the board by:
Name: Caroline Rouse
Status: Director

COMPOST LONDON CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 430,097 313,422
Cost of sales: ( 193,353 ) ( 69,659 )
Gross profit(or loss): 236,744 243,763
Administrative expenses: ( 119,861 ) ( 110,277 )
Operating profit(or loss): 116,883 133,486
Profit(or loss) before tax: 116,883 133,486
Tax: ( 26,468 ) ( 25,385 )
Profit(or loss) for the financial year: 90,415 108,101

COMPOST LONDON CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 183
Total fixed assets: 0 183
Current assets
Debtors: 4 134,438 53,631
Cash at bank and in hand: 274,947 340,254
Total current assets: 409,385 393,885
Creditors: amounts falling due within one year: 5 ( 176,182 ) ( 251,280 )
Net current assets (liabilities): 233,203 142,605
Total assets less current liabilities: 233,203 142,788
Total net assets (liabilities): 233,203 142,788
Members' funds
Profit and loss account: 233,203 142,788
Total members' funds: 233,203 142,788

The notes form part of these financial statements

COMPOST LONDON CIC

Balance sheet statements

For the year ending 31 January 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.

This report was approved by the board of directors on 13 September 2024
and signed on behalf of the board by:

Name: Caroline Rouse
Status: Director

The notes form part of these financial statements

COMPOST LONDON CIC

Notes to the Financial Statements

for the Period Ended 31 January 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

    Turnover policy

    Turnover represent grants, donations and net invoiced sales of services excluding Value

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated in equal instalments over the economic life of the asset; Office Equipments 33.33%

COMPOST LONDON CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 3

COMPOST LONDON CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 1,329 1,329
Additions
Disposals
Revaluations
Transfers
At 31 January 2024 1,329 1,329
Depreciation
At 1 February 2023 1,146 1,146
Charge for year 183 183
On disposals
Other adjustments
At 31 January 2024 1,329 1,329
Net book value
At 31 January 2024 0 0
At 31 January 2023 183 183

COMPOST LONDON CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Trade debtors 123,051 50,577
Prepayments and accrued income 11,333 3,000
Other debtors 54 54
Total 134,438 53,631

COMPOST LONDON CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,362 2,839
Taxation and social security 44,407 66,854
Accruals and deferred income 83,301 51,986
Other creditors 47,112 129,601
Total 176,182 251,280

COMPOST LONDON CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Financial Commitments

The company is a Community Interest Company Limited by Guarantee, without share capital the members have agreed to donate such amount as may be required (not exceeding £1) to the assets of the company in the event of it being wound up.

COMMUNITY INTEREST ANNUAL REPORT

COMPOST LONDON CIC

Company Number: 11135700 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

We exist to support and develop voluntary and community sector groups in London and Es-sex. Groups approach us with a range of needs and commission our services. We offer packages that include evaluation reports and frameworks, feasibility studies, option appraisal reports, research and impact reports. We mentor staff with a specific challenge, provide train-ing and workshops. We facilitate networks to enable the sharing of good practice and peer learning. This year we continued to deliver a contract for Newham Council providing support infor-mation training and advice to voluntary and community organisations based in Newham. We have employed 4 part time staff on this project. We have also offered this broad service of support and development to all groups that did not fall within the remit of the above contract and could not afford our fees through our bursary fund (The Nourish Fund) that we maintain with a contribution annually from our surplus. We facilitate Newham ESOL Exchange that brings together organisations that provide ESOL (English as a second or other language) and organisations that work with potential ESOL Learners. We continued to work with UCL on the Evaluation Exchange project and have been part of a coproduction project working with the UCL CoPro Collective to enable groups to evaluate projects. We have provided support and advice on and to the voluntary and community sector with Newham Councils participatory budgeting programme and UCL’s Citizen Social Scientist programme. We have also undertaken a programme of work to strengthen our governance undertaking skills audit of our needs and our directors with the view to recruiting new directors. We have also undertaken a review of the organisation and will be recruiting a CEO and Finance officer to strengthen our core team.

Consultation with stakeholders

We continue to ask for feedback from participants at the end of each event, workshop and training we deliver. The findings are analysed and discussed at the staff meetings. In preparation for the end of the Newham infrastructure contract we have sent out questionnaires that will provide data for an impact report on the difference we have made to all groups we have engaged with as a result of this project. Currently this is in excess of 600 groups. The impact report will feed into our strategic plan for the next 3 years and shape our offer to groups.

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
27 September 2024

And signed on behalf of the board by:
Name: Caroline Rouse
Status: Director