GROW TIMSBURY CIC

Company limited by guarantee

Company Registration Number:
10709916 (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

GROW TIMSBURY CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

GROW TIMSBURY CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The principal activity of the company during the year was the operation of a monthly fruit and vegetable market in Timsbury.



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Deborah Lynn Griffin
Susan Walker
Jacqui Grainger


The director shown below has held office during the period of
1 May 2023 to 16 January 2024

Christine Bowes


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
6 January 2025

And signed on behalf of the board by:
Name: Susan Walker
Status: Director

GROW TIMSBURY CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 958 0
Cost of sales: ( 533 ) ( 66 )
Gross profit(or loss): 425 (66)
Administrative expenses: ( 448 ) ( 486 )
Operating profit(or loss): (23) (552)
Profit(or loss) before tax: (23) (552)
Profit(or loss) for the financial year: (23) (552)

GROW TIMSBURY CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 412 148
Total current assets: 412 148
Creditors: amounts falling due within one year: 3 ( 343 ) ( 56 )
Net current assets (liabilities): 69 92
Total assets less current liabilities: 69 92
Total net assets (liabilities): 69 92
Members' funds
Profit and loss account: 69 92
Total members' funds: 69 92

The notes form part of these financial statements

GROW TIMSBURY 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 6 January 2025
and signed on behalf of the board by:

Name: Susan Walker
Status: Director

The notes form part of these financial statements

GROW TIMSBURY 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 Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated at 25% per annum on the reducing balance basis.

GROW TIMSBURY 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

GROW TIMSBURY CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 231
Accruals and deferred income 112 56
Total 343 56

COMMUNITY INTEREST ANNUAL REPORT

GROW TIMSBURY CIC

Company Number: 10709916 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Following changes to the operating name of our company and extension of its aims and objectives in the year 2022-23, Grow Timsbury has now taken over and expanded the running of a small, occasional fruit and vegetable stall held in the village. The market now operates on a monthly basis and has grown to approximately twelve regular stalls, selling locally produced items. The principal stalls include vegetables and fruit from two local market gardens, local meat, including Timsbury Lamb, cakes made by a resident and bread, cheese and preserves from a few miles away. We also have two stalls selling only locally grown cut flowers and plants. A local charity, Swallow, which supports teenagers and adults with learning disabilities, sells a range of savouries, soups and drinks. In addition to the stalls, we encourage a community feel with an attractive cafe space set out and barista coffee sold from a van. This is extremely popular. The market is proving very successful and Grow Timsbury will be continuing to develop the market in the coming year. Our efforts to secure a piece of land for a Community Garden are going forward slowly. We have been in discussions with a new local landowner who wishes to take a regenerative approach to farming and believes that our plans fit well with their ethos. We have given the company a 5 year development plan to consider and they have responded very positively. We hope, in the coming season, to begin to take this project forward.

Consultation with stakeholders

The cafe space at the market gives the directors and volunteers an opportunity to talk to customers and discuss ways of improving the market and finding out if there are any problems. Grow Timsbury also has a Facebook site which, apart from advertising the monthly event also gathers residents and users comments about the market, e.g. timing, range of stalls, atmosphere and problems. We also speak with all stallholders at each market, to find out if both they and customers were happy with arrangements or if there were any problems. At each directors meeting, following a market, we discuss both customer and stall holder comments and consider action on any points raised, if necessary.

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
6 January 2025

And signed on behalf of the board by:
Name: Susan Walker
Status: Director