for the Period Ended 31 January 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 31 January 2024
Directors
The directors shown below have held office during the whole of the period from
1 February 2023
to
31 January 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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(
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Gross profit(or loss): |
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Administrative expenses: |
(
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(
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Operating profit(or loss): |
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Interest payable and similar charges: |
(
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(
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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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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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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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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
( |
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Total Shareholders' funds: |
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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 31 January 2024
Basis of measurement and preparation
Tangible fixed assets depreciation policy
for the Period Ended 31 January 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 January 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 February 2023 |
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Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 January 2024 |
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Depreciation | ||||||
At 1 February 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 January 2024 |
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Net book value | ||||||
At 31 January 2024 |
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At 31 January 2023 |
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for the Period Ended 31 January 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Other debtors |
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Total |
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for the Period Ended 31 January 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Total |
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4theRegion is dedicated to creating positive social impact by addressing economic, social, and environmental challenges in a collaborative, place-based way: working together, for the region. In 2023, we continued to deliver measurable social value through our programmes and initiatives, contributing to a happier, healthier South West Wales with a thriving economy. Regional Events and Conversations We hosted a wide range of events to connect regional businesses, community groups, and organisations, fostering collaboration and co-creation. These events provided spaces for dialogue on key topics such as the green economy, food systems, transport, and construction. Outcome: Increased connections among stakeholders and a deeper collective understanding of social value priorities at the local and regional level. Empowering Young People Through our initiatives, we engaged young people across South West Wales, providing opportunities to develop skills, build confidence, and access meaningful employment. By amplifying their voices and creating pathways to opportunity, we supported the next generation to play an active role in shaping the region's future. Outcome: Improved access to skills and jobs, and enhanced wellbeing and confidence among young people. Strengthening Local Supply Chains We worked to strengthen the local economy by promoting regional sourcing and facilitating connections between local businesses and suppliers. These efforts contributed to retaining more wealth within the region and increased opportunities for local enterprises. Outcome: Greater economic resilience, increased self-reliance for South West Wales, and stronger local supply chains. Community-Led and Environmental Initiatives We supported communities to lead on initiatives that enhance local wellbeing and sustainability. This included delivering projects such as Bwyd Abertawe (Swansea Food) and NPT Food (Neath Port Talbot Food), where we facilitated funding for community food-growing initiatives, provided guidance to schools on creating sustainable growing sites, and worked to relocalise food supply chains. Outcome: Empowered communities, enhanced sustainability, and increased resilience for future generations. Promoting Sustainable Travel Through our Community Rail Partnership, South West Wales Connected, we delivered the Community Changemakers Fund, which awarded £20,000 to support 25 community-led projects. These initiatives promoted sustainable travel, strengthened community ties, and encouraged greater use of public transport. Outcome: Stronger, more sustainable communities and increased awareness of sustainable travel options. Measuring Social Value Our commitment to transparency and accountability includes collecting data on participant engagement, attitudes, and actions, alongside gathering case studies and testimonials to demonstrate our work's outcomes. This helps us continuously review and improve our programmes to ensure they align with our objectives and those of our members. Alignment with the Wellbeing of Future Generations Act Our activities actively contribute to the seven wellbeing goals for Wales by promoting local sourcing, community empowerment, sustainability, and resilience. In doing so, we help South West Wales become a globally responsible region with a vibrant economy and cohesive, thriving communities.
Our stakeholders include our growing membership of 160 regional SMEs, 10 regional partner organisations, and people in communities across Swansea, Carmarthenshire, Neath Port Talbot, and Pembrokeshire. In 2023, we continued to prioritise active collaboration and engagement to ensure that our work aligns with the needs and aspirations of the communities and organisations we serve. Throughout the year, our online co-production events provided inclusive opportunities for stakeholders to contribute ideas, shape plans, and co-create projects to be delivered collaboratively over the coming year. These events were designed to ensure diverse participation, representing the vibrant and varied communities of South West Wales. In June 2023, we hosted our Annual General Meeting (AGM) with members, where we collectively reviewed our achievements and worked together to establish our strategic priorities for the year ahead. This session enabled members to voice their perspectives, ensuring that our initiatives reflect the shared vision of our stakeholders. As we look ahead, we remain dedicated to fostering sustainable growth, innovation, and resilience in South West Wales by working closely with all our stakeholders. By maintaining open channels for feedback and collaboration, we aim to continue creating meaningful social, economic, and environmental value for the region.
Director's remuneration totalled £51,717 during the period.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
31 January 2025
And signed on behalf of the board by:
Name: DAWN LYLE
Status: Director