for the Period Ended 30 April 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 April 2024
Directors
The directors shown below have held office during the whole of the period from
1 May 2023
to
30 April 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
( |
( |
Administrative expenses: |
(
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Other operating income: |
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Operating profit(or loss): |
( |
( |
Profit(or loss) before tax: |
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( |
Profit(or loss) for the financial year: |
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( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 3 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
( |
( |
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Total members' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 April 2024
Basis of measurement and preparation
for the Period Ended 30 April 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 April 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Total |
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Glasbren CIC is a community food and environmental education project, offering the opportunity for people to connect with the nature, their food and each other. We offer a Community-Supported veg box scheme, growing fresh, agroecological and nutrient dense vegetables for a weekly share of affordable, zero waste vegetables for local people. We also work with volunteers on a weekly basis, offering people the healing benefits of time on the land and in nature, the chance to learn new skills and meet like-minded people. Our volunteer programmes are tailored to support those with mental health challenges, who are marginalised or who are vulnerable in society. We work with children, young people, older people, and folks in the LGBTQIA+ and neurodivergent communities, We do alot of work around how to make local, healthy food, and sustainability skills, more accessible and affordable. We operate as a on-profit, community-benefit organisation, and have clear policies, governance, aims and objectives to ensure the project is in service to the community and its needs. We monitor and evaluate our impact carefully, using tools such as the Social Value Engine, and survey our community regularly to inform the services we offer. In November 2023, having been selected as the new long term tenants of a 134-acre National Trust farm, we relocated to this new site, with a robust business plan and well-thought out vision for how we could grow the work we've been doing in the area, support more people and expand the reach and impact of our work. The year since has been a time of fundraising, building infrastructure back up and building community support (hence a lower overall turnover in the year 2023-24). We've held Community Farm days, weekly Volunteer days, events and workshops on the farm, and are building up the infrastructure to restore our CSA veg box scheme in 2025. As we head into our first full revenue year on the new site (with veg boxes, courses and other revenue resuming), we are excited about building a financially sustainable, community-facing farm here. We have received really positive support from partner organisations and grant funders over the past year. We ran a Crowdfunder, with over 200 donors supporting our vision, as well as securing the support from Aviva Community Fund, the Real Farming Trust Social Impact grant, the FORE, Carmarthenshire County Council, Social Farms and Gardens, the Tree Council and others. We have strong partnerships with organisations such as the National Trust, the Landworkers Alliance, Social Farms and Gardens, our local CVC (Carmarthen Association of Voluntary Services) who are in strong support of our business plan and vision going forward.
Our stakeholders are our directors, local community, our community of 120 volunteers, the members of our Community-Supported veg box scheme, our partners and supporters. We regularly consult with all of these through regular communication. As directors, we meet monthly, as well as for an annual strategy day to help shape the direction of the project, and evaluate and act on feedback from the year. A recent online survey of our volunteers - past, present and prospective - produced alot of information to help inform how we shape volunteer opportunities in the future on the farm. It gave a sense of what draws individuals to volunteering, what they enjoy and what could be better, what are the barriers to volunteering and how we might remove those barriers. We find monitoring and evaluation to be really helpful in ensuring that we are shaping our services around the needs of the community. Our research showed that more frequent volunteer opportunities, transport to and from site, and a great diversity of opportunities would help people feel more able to volunteer. As such, we have secured a vehicle to offer that transport, and have sought funding from the Welsh Council for Voluntary Action to hire a Volunteer Coordinator in 2025. Our Crowfunder campaign in 2024 was a fertile testing ground for the community support and demand for our work. We were encouraged by the fact that over 200 local people supported the campaign, a clear mandate for our proposed works here on the new site, and an expression of support from our key stakeholders. Regular outreach and engagement events are an excellent opportunity to speak with key stakeholders, garner ideas and take on feedback. Our Community-Supported veg box scheme relies on members pledging their support for the season up front, and so farm over 20 have done so for the upcoming 2025 season, another clear mandate from key stakeholders.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
16 January 2025
And signed on behalf of the board by:
Name: Abel Pearson
Status: Director