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Company limited by guarantee

Company Registration Number:
14741229 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 20 March 2023

End date: 31 March 2024

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Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from
20 March 2023 to 31 March 2024

Karen Halt
Rebecca Hall


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
27 January 2025

And signed on behalf of the board by:
Name: Karen Halt
Status: Director

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Balance sheet

As at 31 March 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 4,627
Total current assets: 4,627
Creditors: amounts falling due within one year: 3 ( 3,292 )
Net current assets (liabilities): 1,335
Total assets less current liabilities: 1,335
Creditors: amounts falling due after more than one year: 4 ( 1,335 )
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 January 2025
and signed on behalf of the board by:

Name: Karen Halt
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 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

    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 is reduced for estimated customer returns, rebates and other similar allowances.

    Other accounting policies

    Sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services. 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024
    Average number of employees during the period 2

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Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

2024
£
Other creditors 3,292
Total 3,292

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Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024
£
Other creditors 1,335
Total 1,335

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 14741229 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

In our first financial year, the Company has set up a website to promote our values and our aims, to raise awareness of the Community Food Network and the projects we’re working on and to enable the community to find food services more easily via a map. Succeeded as a National Finalist in Nottingham University’s Ingenuity Programme. Established the Gosport Community Food Network with the support of the Gosport Allotment Association and funding from the Royal Horticultural Society to help build stronger connections between organisations, community and voluntary groups and businesses involved in the local food system. Organised a number of activities to support more people to grow, cook and eat together and to ease access to affordable, nutritious and sustainable food – including Cook and Share, Seed Share, plant based Chilli and Curry Nights. As a result, more people are now growing their own fruit and vegetables and have a better understanding about how to prepare, cook and store them. Attended events to promote IEG and raise awareness about our aims and objectives. As a result we’ve developed close links with key partners leading to increased collaboration opportunities. Supported network members and the general public by signposting to support, resources, opportunities etc – including linking up a local food growing group with a local community cafe. They now have an increased sense of purpose and the community cafe benefits from receipt of freshly grown, local ingredients. Produced and circulated regular newsletters to celebrate the great work happening in the town and to raise awareness of events and opportunities that they may otherwise have missed.

Consultation with stakeholders

The company’s stakeholders are organisations, community groups and businesses who are involved in the local food system alongside local community members who access services. The directors of the company live and work in Gosport. They use relevant data including local health data available in the Joint Strategic Needs Assessment to learn more about the local community and they take every opportunity to speak to community members directly about what’s working well and what could work better in our local food system. Our initial research informed us that many of those groups and organisations involved in the local food system were working in insolation and were missing out on opportunities to share knowledge and resources as a result. Our website, regular newsletters and attendance at events have helped to build stronger connections. We speak regularly to community members, customers and staff at the local Community Pantry, staff at the Citizens Advice Bureau and other organisations to find out how we can support more people to have greater access to affordable, nutritious and sustainable food. We are in contact with local and national networks and keep abreast of and link our work to local health and wellbeing and environmental strategies and priorities.

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
27 January 2025

And signed on behalf of the board by:
Name: Karen Halt
Status: Director