FROM SPRING HILL C.I.C.

Company Registration Number:
08871353 (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

FROM SPRING HILL C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

FROM SPRING HILL C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 30,453 23,436
Cost of sales: ( 13,346 ) ( 12,666 )
Gross profit(or loss): 17,107 10,770
Administrative expenses: ( 19,590 ) ( 22,509 )
Operating profit(or loss): (2,483) (11,739)
Profit(or loss) before tax: (2,483) (11,739)
Profit(or loss) for the financial year: (2,483) (11,739)

FROM SPRING HILL C.I.C.

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 15,323 17,062
Total fixed assets: 15,323 17,062
Current assets
Debtors: 4 3,446 3,267
Cash at bank and in hand: 365 1,365
Total current assets: 3,811 4,632
Creditors: amounts falling due within one year: 5 ( 103,934 ) ( 104,011 )
Net current assets (liabilities): (100,123) (99,379)
Total assets less current liabilities: (84,800) ( 82,317)
Total net assets (liabilities): (84,800) (82,317)
Capital and reserves
Called up share capital: 10 10
Profit and loss account: (84,810 ) (82,327 )
Total Shareholders' funds: ( 84,800 ) (82,317)

The notes form part of these financial statements

FROM SPRING HILL C.I.C.

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 17 October 2024
and signed on behalf of the board by:

Name: Oliver O'Dell
Status: Director

The notes form part of these financial statements

FROM SPRING HILL C.I.C.

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

FROM SPRING HILL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

FROM SPRING HILL C.I.C.

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 82,348 82,348
Additions 3,368 3,368
Disposals
Revaluations
Transfers
At 31 January 2024 85,716 85,716
Depreciation
At 1 February 2023 65,286 65,286
Charge for year 5,107 5,107
On disposals
Other adjustments
At 31 January 2024 70,393 70,393
Net book value
At 31 January 2024 15,323 15,323
At 31 January 2023 17,062 17,062

FROM SPRING HILL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 3,000 3,000
Other debtors 446 267
Total 3,446 3,267

FROM SPRING HILL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 103,934 104,011
Total 103,934 104,011

COMMUNITY INTEREST ANNUAL REPORT

FROM SPRING HILL C.I.C.

Company Number: 08871353 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

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.

Consultation with stakeholders

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.

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
17 October 2024

And signed on behalf of the board by:
Name: Oliver O'Dell
Status: Director