for the Period Ended 29 January 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
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Administrative expenses: |
(
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(
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Operating profit(or loss): |
( |
( |
Profit(or loss) before tax: |
( |
( |
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Current assets | |||
Debtors: | 3 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
( |
( |
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Total net assets (liabilities): |
( |
( |
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Members' funds | |||
Profit and loss account: |
( |
( |
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Total members' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 29 January 2024
Basis of measurement and preparation
for the Period Ended 29 January 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 29 January 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Other debtors |
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Total |
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for the Period Ended 29 January 2024
2024 | 2023 | |
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£ | £ | |
Accruals and deferred income |
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Total |
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Community Scrap Shack continues to divert tonnes of redundant reusable materials from landfill back into re-use for the benefit of the local community whilst at the same time protecting the environment. lt is estimated that within years every landfill site in the UK will be full, so the work we do is vital to the well-being of not only our local environment but also to the future of the planet as a whole. This has been a very difficult financial year, with continued decline in trade, affecting the income, stock capacity and volunteer retention. The review of opening hours at the beginning of the year was postponed until an increase in customer footfall could be improved. Unfortunately, due to the decline in health of our founding Director Mrs Pamela Taylor, and the increased personal care commitment needed from our other Director Mrs Michelle Folkes, we were unable to plan any promotional or marketing strategies, deciding to focus our limited staff and volunteer capacity on the day to day running of the current services and utilising the vast quantities of resources acquired last year. Membership uptake still remains low with schools and organisations continuing to restrict creative activities since covid and our inability to source continuing new resource choices, but we still attract increasing interest from Day Customers who purchase in smaller quantities. We attended the Gloucester swap and a Jewellery Fair in April which were both successful, we also had a stall at a local community event. In August we held a Fabric and Paint Sale, in conjunction with the Community RePaint 30th Anniversary. The day was very successful, with lots of people attending and brought in some much needed additional income. Colman AD Ltd., moved into the adjoining business premises this year and approached us regarding the electricity supply and proposed interest in purchasing the premises in the future. Due to the uncertainty of the business future, we agreed to discuss any feasible options next year. Sadly, in November Mrs Taylor died. Her Director’s role and part ownership of the premises was taken on by Miss Danielle Folkes.
Stakeholders continue to include all users of the Scrapstore and our volunteers, with feedback taken directly and through our media sites. Consultation continues to include the organisations and agencies accessing our facilities and workability placements, working with vulnerable adults and those requiring additional support to regain workplace experiences. We continue to work with Newcastle College, VAST and Regent College and Abbey Hill Special Needs Schools (supporting young adults with learning disabilities). Our Community RePaint Scheme continues to support individuals and organisations on limited budgets and the introduction of the Free Paint section has continued to be very popular, supporting groups, individuals and community artists to access affordable resources. Our volunteers still contribute daily and input into directing the planning of services and the resources/products we have available.
The amount of remuneration paid to Directors in respect of qualifying services is stated in the Full Accounts attached.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
21 October 2024
And signed on behalf of the board by:
Name: Mrs Michelle Folkes
Status: Director