CAERIAD CIC

Company limited by guarantee

Company Registration Number:
14076692 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

CAERIAD CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

CAERIAD CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 5,967 14,092
Cost of sales: ( 3,828 ) ( 5,143 )
Gross profit(or loss): 2,139 8,949
Administrative expenses: ( 2,487 ) ( 9,163 )
Operating profit(or loss): (348) (214)
Profit(or loss) before tax: (348) (214)
Profit(or loss) for the financial year: (348) (214)

CAERIAD CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0
Tangible assets: 3 200 0
Investments:   0
Total fixed assets: 200 0
Current assets
Stocks:   0
Debtors: 4 23 23
Cash at bank and in hand: 2,211 2,052
Investments:   0
Total current assets: 2,234 2,075
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 5 ( 2,996 ) ( 2,289 )
Net current assets (liabilities): (762) (214)
Total assets less current liabilities: (562) ( 214)
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Total net assets (liabilities): (562) (214)
Members' funds
Profit and loss account: (562) ( 214)
Total members' funds: ( 562) (214)

The notes form part of these financial statements

CAERIAD CIC

Balance sheet statements

For the year ending 30 April 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 3 January 2025
and signed on behalf of the board by:

Name: Alma Joensen
Status: Director

The notes form part of these financial statements

CAERIAD CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

CAERIAD CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

CAERIAD CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 0 0
Additions 200 200
Disposals
Revaluations
Transfers
At 30 April 2024 200 200
Depreciation
At 1 May 2023
Charge for year
On disposals
Other adjustments
At 30 April 2024
Net book value
At 30 April 2024 200 200
At 30 April 2023 0 0

CAERIAD CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Trade debtors 23 23
Total 23 23

CAERIAD CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 2,996 2,289
Total 2,996 2,289

COMMUNITY INTEREST ANNUAL REPORT

CAERIAD CIC

Company Number: 14076692 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

In this 12 month period, Caeriad CIC produced vegetables and herbs that was sold locally mainly through the Peninsula Food Market (Open Food Network), but also to local restaurants, cafes and food stalls as well as a few market stalls. A ‘drop-in shop’ was established on site, allowing customers to purchase fresh produce straight from the site. New infrastructure was put in place - a rabbit fence enclosing the main growing space, irrigation pipes to improve irrigation access as well as more covered growing space. Caeriad CIC continued to provide weekly volunteer days for a number of continuous as well as new volunteers. In addition to that, free skill sharing activities took place in form of a monthly whittling club. A number of courses and workshops were also provided – a low-cost veg-growing course that started in the previous accounting period was completed by 7 participants, as well as a spinning workshop provided by a local workshop holder, with 5 participants, some concessional. The company further engaged with the community through the local ‘Tir a Mor’ festival, where two of its directors supported with event planning as well as featuring in a panel discussion about sustainable farming.

Consultation with stakeholders

The companies stakeholders are: - The customers who purchase the produce - The volunteers - The directors Caeriad CIC engaged with customers and coordinators of the Peninsula Food Market through involvement in a Steering Group that was set up to oversee the Peninsula Food Market. Customers were further consulted through the ‘drop-in shop’ on site, where customers could come unannounced and order produce as well as provide feedback. Caeriad CIC held weekly meetings with its volunteers and directors, and volunteers were asked to provide feedback in person by the end of the calendar year. The 4 directors held bi-monthly meetings discussing current activities and future plans. No action was required from these consultations other than general improvements to the company’s activities.

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
28 December 2024

And signed on behalf of the board by:
Name: Alma Vedsmand Joensen
Status: Director