for the Period Ended 31 March 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2024
Directors
The directors shown below have held office during the whole of the period from
1 April 2023
to
31 March 2024
The director shown below has held office during the period of
1 April 2023
to
9 August 2023
The director shown below has held office during the period of
1 April 2023
to
18 July 2023
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
And signed on behalf of the board by:
Name:
Status: Director
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): |
( |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
(
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(
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Profit(or loss) before tax: |
( |
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Tax: |
(
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(
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Profit(or loss) for the financial year: |
( |
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As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Intangible assets: | 3 |
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Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Stocks: | 5 |
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Debtors: | 6 |
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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: | 7 |
(
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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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Creditors: amounts falling due after more than one year: | 8 |
(
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(
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Provision for 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: |
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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 March 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Other accounting policies
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
Goodwill | Other | Total | |
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Cost | £ | £ | £ |
At 1 April 2023 |
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Additions | |||
Disposals | |||
Revaluations | |||
Transfers | |||
At 31 March 2024 |
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Amortisation | |||
At 1 April 2023 |
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Charge for year |
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On disposals | |||
Other adjustments | |||
At 31 March 2024 |
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Net book value | |||
At 31 March 2024 |
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At 31 March 2023 |
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for the Period Ended 31 March 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2023 |
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Additions |
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Disposals |
(
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(
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(
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Revaluations | ||||||
Transfers | ||||||
At 31 March 2024 |
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Depreciation | ||||||
At 1 April 2023 |
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Charge for year |
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On disposals |
(
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(
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Other adjustments | ||||||
At 31 March 2024 |
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Net book value | ||||||
At 31 March 2024 |
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At 31 March 2023 |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Total |
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This year has been a year where the team has upskilled and stretched to learn new things. 2023 saw the launch of our Specialised Work Experience Program which created a transformational effect within the business. We also embarked on our partnership with the EDP and Groundwork on their “Trade up” mentoring program, working alongside our workshop team to expand our manufacturing offer. There has been a lot of learning. We have shared and developed learning opportunities, collaboratively with our amazing volunteers and staff. So individually, and as a team we learned news skills, with 70% of all staff and volunteers completing training on how to work with adults with LD/SEND. And with over 10 staff and volunteers inducted on how to use the new CNC machine. The Leeds Wood Recycling team continues to reflect on what we do and share what we learn developing each strand of the business. Volunteers / Training This year we ran a Specialised Work Experience Placement (SWEP) offering adults with learning disabilities and difficulties the opportunity to take part in a 12-week placement, supported by a support worker. Funded by Leeds Community Foundation, participants learnt a range of woodwork skills and practical, depending on their needs and abilities. In line with this program, we gained level 1 in our Disability Confidence and began updating our whole system of training and enrolment for our volunteer workforce, to become more accessible. All our staff undertook LD/SEND training, and our key management expanded their accreditations in Safeguarding and safer recruitment. Leeds Society for the Deaf and Blind ran an 8-week course in British Sign Language, attended by a number of our staff and volunteers. Collections We employed a graduate of the Kickstarter scheme to our team We took part in the dismantling and rehoming of a WOW Barn We put 2 staff members through CSCS cards Our first ever van was retired, and thanks to Key fund we bought a new one Workshop / Courses We became a fellow of the EDP/ SIB & Groundwork on their “Trade up” project, which funded our new CNC machine and helped upskill the whole team in a range of skills. We welcomed a new workshop coordinator, who helped launch our new technology. We developed and ran some new courses which have proved successful “How to use wall fixings” and the Young Makers courses. We worked with a range of corporate partners to deliver team building and Christmas party activities. Retail Growth in our online shop. Massive reorganisation to help create a more welcoming space.
After last years “Skill Tree project” we reflected on the project and decided to initiate conversations with our networks of social workers, occupational therapists, social prescribers and partnering organisations. We recognised that some people who wanted to volunteer with us could not, due to their LD and SEND. We recognised this was linked to our lack of staff capacity to support them in their placement with us. So, in reaction to this feedback, this year we piloted our Specialised Work Experience Placement (SWEP) supported by a 1-year grant fund from Leeds Community Foundation. The project allowed us to engage with people whose options for work experience are usually very limited, after an outcry from organisations and families. LWR underwent amazing development and gaining us disability confident accreditation. and delivering inhouse training to boost inclusion throughout the organisation sharing our learning from participants' families and support organisations. This project enabled all our staff to become comfortable, skilled and confident working alongside the target group - this has untold benefits.
Directors renumeration totalled £28,548 in the year to 31/03/2024
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 October 2024
And signed on behalf of the board by:
Name: Howard Bradley
Status: Director