BUCKHURST HILL LEISURE GARDENS CIC

Company limited by guarantee

Company Registration Number:
09404196 (England and Wales)

Unaudited statutory accounts for the year ended 24 March 2024

Period of accounts

Start date: 25 March 2023

End date: 24 March 2024

BUCKHURST HILL LEISURE GARDENS CIC

Contents of the Financial Statements

for the Period Ended 24 March 2024

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

BUCKHURST HILL LEISURE GARDENS CIC

Profit And Loss Account

for the Period Ended 24 March 2024

2024 2023


£

£
Turnover: 6,901 6,653
Gross profit(or loss): 6,901 6,653
Administrative expenses: ( 5,133 ) ( 4,476 )
Other operating income: 477 102
Operating profit(or loss): 2,245 2,279
Profit(or loss) before tax: 2,245 2,279
Tax: ( 171 ) 0
Profit(or loss) for the financial year: 2,074 2,279

BUCKHURST HILL LEISURE GARDENS CIC

Balance sheet

As at 24 March 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 399 385
Cash at bank and in hand: 19,712 18,089
Total current assets: 20,111 18,474
Creditors: amounts falling due within one year: 4 ( 1,647 ) ( 2,084 )
Net current assets (liabilities): 18,464 16,390
Total assets less current liabilities: 18,464 16,390
Total net assets (liabilities): 18,464 16,390
Members' funds
Profit and loss account: 18,464 16,390
Total members' funds: 18,464 16,390

The notes form part of these financial statements

BUCKHURST HILL LEISURE GARDENS CIC

Balance sheet statements

For the year ending 24 March 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 26 July 2024
and signed on behalf of the board by:

Name: Alison Ward
Status: Director

The notes form part of these financial statements

BUCKHURST HILL LEISURE GARDENS CIC

Notes to the Financial Statements

for the Period Ended 24 March 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

BUCKHURST HILL LEISURE GARDENS CIC

Notes to the Financial Statements

for the Period Ended 24 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

BUCKHURST HILL LEISURE GARDENS CIC

Notes to the Financial Statements

for the Period Ended 24 March 2024

3. Debtors

2024 2023
£ £
Trade debtors 21
Prepayments and accrued income 270 385
Other debtors 108
Total 399 385

BUCKHURST HILL LEISURE GARDENS CIC

Notes to the Financial Statements

for the Period Ended 24 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 32 9
Taxation and social security 171
Accruals and deferred income 1,434 1,822
Other creditors 10 253
Total 1,647 2,084

COMMUNITY INTEREST ANNUAL REPORT

BUCKHURST HILL LEISURE GARDENS CIC

Company Number: 09404196 (England and Wales)

Year Ending: 24 March 2024

Company activities and impact

The Company was formed to enter into an agreement with Buckhurst Hill Parish Council (the owner of the five allotment sites in Buckhurst Hill, Essex) and to take on the activities of the existing unincorporated association that currently manages those sites. There are nearly 200 plotholders on the five sites that cover approximately 7.5 acres of land in the Parish. The plotholders are drawn from across the Parish and adjoining areas and they benefit from the activity not merely through growing their own flowers, fruit and vegetables, but also from the physical exercise and from the social interaction that the allotment community provides. The CIC became active from 25 March 2019 and it has managed the five allotment sites in Buckhurst Hill, Essex. The management agreement with Buckhurst Hill Parish Council was signed in July 2020. In early 2020 the UK went into lockdown and some restrictions remained in 2021. The UK government confirmed that working allotments was one of the permitted forms of daily exercise and as a result applications for plots increased to the point that the sites were all fully occupied and we had a waiting list for the first time in a number of years. The waiting list remains throughout the year ended 31 March 2024. In the year ended 31 March 2021 the CIC was successful in an application to the Essex Association of Local Councils and received £4,300 towards the construction of an Easy Access Zone. These funds were matched by Buckhurst Hill Parish Council in the subsequent financial year and the Easy Access Zone was constructed in the autumn of 2021. The Easy Access Zone began being cultivated in the spring of 2022. From 2023 these were fully let

Consultation with stakeholders

The CIC became active on 25 March 2019 and carried on from the work of the unincorporated association. The CIC’s main stakeholders are the plotholders on the allotment sites who are residents of Buckhurst Hill and nearby parishes. The other main stakeholder is Buckhurst Hill Parish Council on whose behalf the CIC operates the allotment sites. The CIC advertises vacant allotment plots in the Parish magazine and on noticeboards, and contact details are provided on its own website and that of the Parish council. We hold an annual meeting of the CIC. Plotholders are invited to contribute to the workings of the CIC and to make suggestions as to the activities on and management of the sites. The individual sites each have managers and communication from plotholders to the committee is usually via the managers but is sometimes directly to the chair. The committee liaised with the suppliers of the horse manure and bark chippings arranging for these to be delivered while socially distanced once restrictions allowed. The plot holders have continued to find this a very useful resource.

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
24 December 2024

And signed on behalf of the board by:
Name: Alison Ward
Status: Director