for the Period Ended 31 January 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2024 | 2023 | |
---|---|---|
|
£ |
£ |
Turnover: |
|
|
Cost of sales: |
(
|
(
|
Gross profit(or loss): |
|
|
Administrative expenses: |
(
|
(
|
Operating profit(or loss): |
( |
( |
Profit(or loss) before tax: |
( |
( |
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
---|---|---|---|
|
£ |
£ |
|
Fixed assets | |||
Tangible assets: | 3 |
|
|
Total fixed assets: |
|
|
|
Current assets | |||
Debtors: | 4 |
|
|
Cash at bank and in hand: |
|
|
|
Total current assets: |
|
|
|
Creditors: amounts falling due within one year: | 5 |
(
|
(
|
Net current assets (liabilities): |
( |
( |
|
Total assets less current liabilities: |
( |
( |
|
Total net assets (liabilities): |
( |
( |
|
Capital and reserves | |||
Called up share capital: |
|
|
|
Profit and loss account: |
( |
( |
|
Total Shareholders' 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 31 January 2024
Basis of measurement and preparation
for the Period Ended 31 January 2024
2024 | 2023 | |
---|---|---|
Average number of employees during the period |
|
|
for the Period Ended 31 January 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 February 2023 |
|
|
||||
Additions |
|
|
||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 January 2024 |
|
|
||||
Depreciation | ||||||
At 1 February 2023 |
|
|
||||
Charge for year |
|
|
||||
On disposals | ||||||
Other adjustments | ||||||
At 31 January 2024 |
|
|
||||
Net book value | ||||||
At 31 January 2024 |
|
|
||||
At 31 January 2023 |
|
|
for the Period Ended 31 January 2024
2024 | 2023 | |
---|---|---|
£ | £ | |
Prepayments and accrued income |
|
|
Other debtors |
|
|
Total |
|
|
for the Period Ended 31 January 2024
2024 | 2023 | |
---|---|---|
£ | £ | |
Other creditors |
|
|
Total |
|
|
Veg boxes Our veg box scheme continues to grow incrementally, expanding in both in area and flexibility. We still provide smaller sized veg boxes for single people living on their own, at an affordable cost but we now also offer a bespoke build-your-own box to reduce potential food wastage. This has proved really popular and has encouraged some new customers to join the scheme who may have food intolerances. We continued our customer-supported donation scheme, operated through a trusted local charity. Customers can pay for an extra box or donate their weekly box whilst they are away. Local people are then able to nominate a potential beneficiary, on the basis of need or as an act of kindness. Other Selling Activities We have joined two additional Farmers Market in the local area to broaden our profile and to seek out new veg box scheme members Local residents appreciate the opportunity to purchase goods direct from the provider and many are older, so are limited in some opportunities to travel. We created a Sunday pop-up farm shop in a local village, enabling us to interact with a new cohort of potential customers. We served fresh coffee and sold local fresh produce direct to customers. This enabled us to sign up new veg box scheme members, inform people of our STEM teaching work with primary schools and talk about healthy eating. We are working on a pitch to scale up our microgreens part of the business. This will be valuable in terms of revenue, particular during the off-season but it will also enable us to introduce a new teaching element to our STEM programme. Volunteer hours Our volunteer hours again totalled over 1000 in the past twelve months. It is important to us that we engage with individuals by including them in our weekly working commitments so that they feel included, valued and useful to the business. We have learnt that this elicits more mutual reward than tasks created specifically for the purposes of individual engagement. The individual gains an insight into our commercial aspirations, a healthy working environment outdoors and a period of time engaging with nature. All of this has both mental and physical health benefits. The scope and extent of the physical exercise required is carefully managed to the capabilities of the individual. Our volunteer opportunities included school work experience, individuals looking for learning opportunities and a general desire to contribute positively to a local innovative enterprise. Improvements to Infrastructure This year we continued to implement some repairs, and upgrades, to our aquaponics system. Building on a clay sub-soil has proved challenging due to the extreme weather causing flooding and excessive contraction of the material. These repairs will keep the system functional. We have also introduced new infrastructure which will give us the potential to extend our STEM learning opportunities. Our water wall has been upgraded in line with pupil feedback – clear Perspex pipework to be able to visualise water movement and coloured water. Our wormery has been created with Perspex sides. We submitted a detailed and comprehensive grant application to the local authority for levelling-up funding targeted at sustainable businesses. We have applied for solar PV and battery storage to power our aquaponics system. This will have significant financial benefits by reducing our utilities spend. However, it will also provide a fantastic new STEM teaching element for schools to see solar power in a practical setting and a Uninterrupted Power Source (UPS) for our system, safeguarding us from power cuts which seem to have become more frequent with inclement weather. The outcome will be reported in the next financial year. Primary school STEM programme Our primary (KS2) school visit programme has continued, incorporating STEM teaching linked to horticulture and aquaponics production. This is still a slow grower as schools are struggling with budgets and curriculum pressures. Feedback from visits is good, we have had repeat visits from individual schools and we are acting on suggestions for additional content. We have introduced a new element focusing on gut health, in line with the growing research on this subject. This is linked strongly to our fresh produce activities and microgreens growing. We are working on an innovative new concept to challenge secondary school pupils and corporate group visitors based on a farm management game. This will manifest itself in the next financial year. Work experience and Older Learning We have worked with a number of undergraduates this year in different subject. Two in particular were Landscape Architects interested in Community Growing initiatives. With 20-years experience in building community projects in disadvantaged areas we discussed both the sustainability of these type of projects, operationally and environmentally, but also the potential desired outcomes.
We conducted a survey of our scheme members to ascertain the principal reasons behind their support for our business. We have since used this data to provide context for grant applications. Key reasons for support that were given included – support for small local business and entrepreneur, fresh produce and great customer service. We continue to talk extensively to our customers – predominantly face-to-face when we deliver or at Farmers’ Markets. This provides honest feedback and a useful dialogue with which to sustain and build our business.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
17 October 2024
And signed on behalf of the board by:
Name: Oliver O'Dell
Status: Director