ZESTLAB CIC

Company limited by guarantee

Company Registration Number:
13890776 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

ZESTLAB CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

ZESTLAB CIC

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

The company's principal activity during the year continued to be that of provision of education and enrichment activities, support and training.



Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 28 February 2024

Annette Dapp
Alexandra Heal
Lynsey Evans


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
12 November 2024

And signed on behalf of the board by:
Name: Annette Dapp
Status: Director

ZESTLAB CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024 13 months to 28 February 2023


£

£
Turnover: 13,150 2,112
Cost of sales: ( 2,499 ) ( 2,105 )
Gross profit(or loss): 10,651 7
Administrative expenses: ( 17,513 ) ( 17,246 )
Operating profit(or loss): (6,862) (17,239)
Profit(or loss) before tax: (6,862) (17,239)
Profit(or loss) for the financial year: (6,862) (17,239)

ZESTLAB CIC

Balance sheet

As at 28 February 2024

Notes 2024 13 months to 28 February 2023


£

£
Fixed assets
Intangible assets: 3 1,814 2,016
Tangible assets: 4 491 514
Total fixed assets: 2,305 2,530
Current assets
Debtors: 5 1,850 1,276
Cash at bank and in hand: 910 516
Investments: 6 1,900
Total current assets: 4,660 1,792
Creditors: amounts falling due within one year: 7 ( 31,324 ) ( 21,561 )
Net current assets (liabilities): (26,664) (19,769)
Total assets less current liabilities: (24,359) ( 17,239)
Total net assets (liabilities): (24,359) (17,239)
Members' funds
Profit and loss account: (24,359) ( 17,239)
Total members' funds: ( 24,359) (17,239)

The notes form part of these financial statements

ZESTLAB CIC

Balance sheet statements

For the year ending 28 February 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 12 November 2024
and signed on behalf of the board by:

Name: Annette Dapp
Status: Director

The notes form part of these financial statements

ZESTLAB CIC

Notes to the Financial Statements

for the Period Ended 28 February 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measure at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets other than freehold land at rates calculated to right off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows. *Office equipment over 4 years.

    Other accounting policies

    Debtors, Creditors and Taxation

ZESTLAB CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 13 months to 28 February 2023
    Average number of employees during the period 0 0

ZESTLAB CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 March 2023 2,240 2,240
Additions
Disposals
Revaluations
Transfers
At 28 February 2024 2,240 2,240
Amortisation
At 1 March 2023 224 224
Charge for year 202 202
On disposals
Other adjustments
At 28 February 2024 426 426
Net book value
At 28 February 2024 1,814 1,814
At 28 February 2023 2,016 2,016

Development costs are being written off in equal annual instalments over their estimated economic life of 10 years.

ZESTLAB CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 569 569
Additions 32 32
Disposals
Revaluations
Transfers
At 28 February 2024 601 601
Depreciation
At 1 March 2023 55 55
Charge for year 55 55
On disposals
Other adjustments
At 28 February 2024 110 110
Net book value
At 28 February 2024 491 491
At 28 February 2023 514 514

ZESTLAB CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 13 months to 28 February 2023
£ £
Trade debtors 1,850 1,276
Total 1,850 1,276

ZESTLAB CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Current assets investments note

Grant funding received

ZESTLAB CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

7. Creditors: amounts falling due within one year note

2024 13 months to 28 February 2023
£ £
Trade creditors 477
Other creditors 31,324 21,084
Total 31,324 21,561

Other creditors are short term creditors

COMMUNITY INTEREST ANNUAL REPORT

ZESTLAB CIC

Company Number: 13890776 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

ZestLab is a virtual community, creating enrichment opportunities for the education, support and empowerment of children, young people and families. This was the second year of trading. This year focused on: Provision of teacher led art sessions for local children, securing grant funding to provide places for economically disadvantaged children identified by local schools. The community group on the platform continued to establish. Social art sessions were started. Working in partnership with another CIC and a local green grocers we provided 10 weeks of ‘Eat, Meet and Make’ in Autumn/Winter 23 funded by Devon County Council. This was an initiative to provide for free hot food, opportunity to take part in art activities and meet others. This was very well attended and received strong feedback with 35 people benefiting from the activity. Developing links with a local children’s home and provision of targeted engagement sessions provided through our specialist services to support children not engaging in education. Securing connections with Stafford Local Authority to begin planned engagement work for young people not in education. Case studies to support this work have been carried out. Provision of workshops through our specialist services to support adults in long term unemployment work through barriers to childcare Impact High quality art enrichment sessions for children provided in the local area. Provision of places for 15 economically disadvantaged children along with connections made with local schools 35 local people benefited from a warm space and hot food. Platform has provided support, connections and engagement for community groups. Partnership with local 3rd sector groups have been developed and ZestLab has supported local events providing activities for the community. Target support given to improve the wellbeing and engagement of young people through specialist engagement services 25 adults supported with knowledge around childcare systems to help towards a return to employment

Consultation with stakeholders

ZestLab stakeholder groups up to 28/02/ 2024: Children and families accessing sessions Parents accessing community platform Associate professionals Local schools Local art studio Employment support organisation (South West) Local community Social media network Feedback surveys from attendees at grant funded sessions How we consult with stakeholders: We have set up social media channels and a weekly newsletter to engage with stakeholders. We collect feedback from: Parent and child feedback from art sessions Surveys to platform users Collaborative working with professional associates and Local organisations (Live well in Braunton, Youth Forum) Actions taken: Continued to extended range of art enrichment sessions. This included number of sessions, holiday workshops and provision for older children and sessions for adults only Secured additional funding for places for disadvantaged children at art sessions in response to feedback from schools Developed the work with unemployed adults to include 121 bespoke sessions to maximise impact

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
12 November 2024

And signed on behalf of the board by:
Name: Annette Dapp
Status: Director