ORGANIC FARMERS AND GROWERS C.I.C.

Company Registration Number:
01202852 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

ORGANIC FARMERS AND GROWERS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ORGANIC FARMERS AND GROWERS C.I.C.

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 1,257 1,397
Tangible assets: 4 53,452 26,816
Investments: 5 1,141,115 1,141,115
Total fixed assets: 1,195,824 1,169,328
Current assets
Debtors: 6 371,162 345,526
Cash at bank and in hand: 773,663 752,754
Total current assets: 1,144,825 1,098,280
Creditors: amounts falling due within one year: 7 ( 804,879 ) ( 786,731 )
Net current assets (liabilities): 339,946 311,549
Total assets less current liabilities: 1,535,770 1,480,877
Total net assets (liabilities): 1,535,770 1,480,877
Capital and reserves
Called up share capital: 3,027 3,027
Other reserves: 1,097 1,097
Profit and loss account: 1,531,646 1,476,753
Total Shareholders' funds: 1,535,770 1,480,877

The notes form part of these financial statements

ORGANIC FARMERS AND GROWERS C.I.C.

Balance sheet statements

For the year ending 30 June 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 7 February 2025
and signed on behalf of the board by:

Name: Richard Thompson
Status: Director

The notes form part of these financial statements

ORGANIC FARMERS AND GROWERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 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

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied; the amount of revenue can be measured reliably, it is probable that the Company will receive the consideration due under the contract, the stage of completion of the contract at the end of the reporting period can be measured reliably and the costs incurred and the costs to complete the contract can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is charged to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis; Motor vehicles - 25%, Fixtures & Fittings - 25%, Office Equipment - 25%. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

    Intangible fixed assets amortisation policy

    Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows: Trademarks - 10 years.

    Valuation information and policy

    Investments in unlisted Company shares, whose market value can be reliably determined, are measured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where the market value cannot be reliably determined, such investments are stated at historic cost less impairment.

ORGANIC FARMERS AND GROWERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 29 27

ORGANIC FARMERS AND GROWERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 July 2023 7,626 7,626
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 7,626 7,626
Amortisation
At 1 July 2023 6,229 6,229
Charge for year 140 140
On disposals
Other adjustments
At 30 June 2024 6,369 6,369
Net book value
At 30 June 2024 1,257 1,257
At 30 June 2023 1,397 1,397

ORGANIC FARMERS AND GROWERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 15,651 52,852 61,902 130,405
Additions 4,712 52,500 57,212
Disposals ( 40,200 ) ( 40,200 )
Revaluations
Transfers
At 30 June 2024 15,651 57,564 74,202 147,417
Depreciation
At 1 July 2023 15,376 45,893 42,320 103,589
Charge for year 89 2,926 14,841 17,856
On disposals ( 27,480 ) ( 27,480 )
Other adjustments
At 30 June 2024 15,465 48,819 29,681 93,965
Net book value
At 30 June 2024 186 8,745 44,521 53,452
At 30 June 2023 275 6,959 19,582 26,816

ORGANIC FARMERS AND GROWERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Fixed assets investments note

Investments in subsidiary companies £8 brought forward and carried forward

ORGANIC FARMERS AND GROWERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Debtors

2024 2023
£ £
Trade debtors 356,250 324,423
Prepayments and accrued income 3,720 4,161
Other debtors 11,192 16,942
Total 371,162 345,526

ORGANIC FARMERS AND GROWERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 198,563 106,130
Taxation and social security 89,243 76,152
Accruals and deferred income 511,664 603,605
Other creditors 5,409 844
Total 804,879 786,731

COMMUNITY INTEREST ANNUAL REPORT

ORGANIC FARMERS AND GROWERS C.I.C.

Company Number: 01202852 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The Company is an organic certification and inspection company certifying over 50% of the UK land area and around a third of all the UK organic sector. The Company also certifies operators running anaerobic digesters, woodland & carbon and compost businesses. The Company is now accredited to certify the Forestry Commission’s Woodland Carbon Code and the IUCN Peatland Code that is seeking to stabilise the erosion of upland peat bogs and begin to reverse this. The Company has helped developed the certification and now certifies members of the Pasture-Fed livestock Association (PFLA). In the past year the Company’s activities have benefitted the Community in the following ways: The Company continues to sponsor a Harper Adams University post graduate scholarship to undertake a one-year MSc in Agroecology and the CEO sits on the risk and Audit Board as well as The Board at Warwickshire College group which has two agricultural sites at Moreton Morrell and Pershore. The company organises the annual National Organic Combinable Crops event. The largest on-farm organic conference that brings together organic and non-organic farmers, traders, millers, bakers and retailers in an on-farm setting to support the development of the organic sector in the UK and is very proactive within the agricultural industry as a whole and helping to lead the drive into regenerative agriculture. The Company has been instrumental in preparing various policy papers looking at the benefits of organic food especially in terms of the new Defra SFI and Countryside Stewardship policy and published a policy paper “Highlighting benefits of 10% organic English farmed area”( https://ofgorganic.org/news/of-g-white-paper-highlights-benefits-of-organic-land-use) which identifies value of organic farming both in terms of the public goods delivered by organic at scale. The Company has worked in collaboration with other organic sector bodies in the compilation of the on-going Defra test and trials project looking at the specific value of organic farming in delivering public goods and subscribes to many farming and food trade organisations. The Company remains actively involved in the SUSTAIN alliance that advocates food and agriculture policies and practises that enhance the health and welfare of people and animals, improves the working and living environment, promotes equity and enriches society and culture. The Company funds one of the two Chairs of the English Organic Forum which through its advocacy has been working closely with Defra in shaping support for organic farmers and a new policy initiative with Defra to shape future Government policy on organic. The English Organic Forum has been instrumental in establishing a “English Organic Policy Forum” that will collaborate with Government to identify and resolve key challenges that face the sector The Company is an active member of the Organic Trade Board (OTB), a not-for-profit organisation that undertakes generic promotion of organic food and farming. The new Company’s CEO is a Director of the OTB. The Company remains actively involved in the International Federation of Organic Agricultural Movements (IFOAM EU). This organisation promotes and support organic production methods across the Globe. The Company is actively working with the Pasture-Fed Livestock Association looking at sustainability metrics and collaborative research. The Company is actively involved in the delivery of organic farmer specific courses with BASIS. All organic crop and livestock production in the UK can only be carried out by farmers certified by an authorised organic control body. Meeting the requirements for organic certification can be relatively complex, and an understanding of the rules and regulation surrounding organic production is essential. All farmers looking to implement an organic farming system must go through a conversion process, and effectively plan changes to farm management practices for this process to be successful. The course aims to provide the necessary insight to allow this.

Consultation with stakeholders

The Company continually seeks to improve dialogue with stakeholders. There is a recognised lack of advice and support for organic operators and the Company continues to work in partnership with Abacus Agriculture to provide a portal for interested parties seeking an insight into organic production methods and conversion support. It works actively to build bridges between conventional farming and the organic sector.

Directors' remuneration

Details as per statutory accounts of all four directors.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: W E Young
Status: Director