COMMUNITY ROOTS CORNWALL CIC

Company limited by guarantee

Company Registration Number:
13309938 (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

COMMUNITY ROOTS CORNWALL 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

COMMUNITY ROOTS CORNWALL 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

To grow delicious, nutritious food to feed our local community using methods which will help us to build friendships, make connections with nature and protect our precious natural world.



Directors

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

M Cotrell-Jury
A Field
A Pickup
N Stephenson


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
29 January 2025

And signed on behalf of the board by:
Name: N Stephenson
Status: Director

COMMUNITY ROOTS CORNWALL CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 54,211 28,125
Cost of sales: ( 61,977 ) ( 35,992 )
Gross profit(or loss): (7,766) (7,867)
Administrative expenses: ( 42,445 ) ( 6,708 )
Other operating income: 57,791 13,980
Operating profit(or loss): 7,580 (595)
Profit(or loss) before tax: 7,580 (595)
Profit(or loss) for the financial year: 7,580 (595)

COMMUNITY ROOTS CORNWALL CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 6,465 10,151
Total fixed assets: 6,465 10,151
Current assets
Debtors: 4 651 342
Cash at bank and in hand: 27,614 1,635
Total current assets: 28,265 1,977
Creditors: amounts falling due within one year: 5 ( 20,554 ) ( 3,258 )
Net current assets (liabilities): 7,711 (1,281)
Total assets less current liabilities: 14,176 8,870
Creditors: amounts falling due after more than one year: 6 ( 6,457 ) ( 8,730 )
Total net assets (liabilities): 7,719 140
Members' funds
Profit and loss account: 7,719 140
Total members' funds: 7,719 140

The notes form part of these financial statements

COMMUNITY ROOTS CORNWALL 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 29 January 2025
and signed on behalf of the board by:

Name: N Stephenson
Status: Director

The notes form part of these financial statements

COMMUNITY ROOTS CORNWALL 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

    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 measured 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 write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

COMMUNITY ROOTS CORNWALL 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

COMMUNITY ROOTS CORNWALL 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 18,899 0 18,899
Additions 562 823 1,385
Disposals
Revaluations
Transfers
At 30 April 2024 19,461 823 20,284
Depreciation
At 1 May 2023 8,748 0 8,748
Charge for year 4,865 206 5,071
On disposals
Other adjustments
At 30 April 2024 13,613 206 13,819
Net book value
At 30 April 2024 5,848 617 6,465
At 30 April 2023 10,151 0 10,151

COMMUNITY ROOTS CORNWALL CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Other debtors 651 342
Total 651 342

COMMUNITY ROOTS CORNWALL 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 7,978 288
Accruals and deferred income 9,473 2,970
Other creditors 3,103
Total 20,554 3,258

COMMUNITY ROOTS CORNWALL CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 6,457 8,730
Total 6,457 8,730

COMMUNITY INTEREST ANNUAL REPORT

COMMUNITY ROOTS CORNWALL CIC

Company Number: 13309938 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

During the financial year from May 2023 to April 2024, we constructed a new packing shed and increased our veg bag subscription to 60 bags per week. We secured funding to draw up plans for a new large building “The Big Shed” and appointed an architect to manage that work. We then secured Shared Prosperity Funding to build the big shed and worked to finalise the building plans. We hosted a 3-week permaculture design course, and continued to work with a local home school group. We had several visits from children from local primary schools. We continued to host very well attended volunteer days every Tuesday and the first Sunday of each month, and we continued to partner with a local charity to distribute surplus veg to people in need.

Consultation with stakeholders

Our main stakeholders are our customers, volunteers and community: Volunteers At every volunteer session we discuss all the work that needs doing on the site and get feedback from volunteers on which jobs they would like to engage with. When volunteers join us they are asked to complete an Agreement where they are asked to give us a baseline of their wellbeing and health, which we use to measure any improvements. Customers Consultation with our customers is informal and involves discussions around which products they would like to see us growing and how they can get more involved with our community work. As a result of these discussions, we have chosen to grow particular crops. We write our customers a weekly newsletter and invite them to give us feedback. Our local community We communicate through social media and our website to advertise our volunteer days. These sites offer a forum for people to feedback to us about our project. Our community is invited to Open days twice a year.

Directors' remuneration

As set out in the accounts, £35,672 was paid to directors for non-director work carried out.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 January 2025

And signed on behalf of the board by:
Name: N Stephenson
Status: Director