BRISTOL FAIR TRADE NETWORK C.I.C.

Company limited by guarantee

Company Registration Number:
11514026 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

BRISTOL FAIR TRADE NETWORK C.I.C.

Contents of the Financial Statements

for the Period Ended 31 August 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

BRISTOL FAIR TRADE NETWORK C.I.C.

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 815 177
Cost of sales: ( 750 ) ( 77 )
Gross profit(or loss): 65 100
Administrative expenses: ( 214 ) ( 180 )
Operating profit(or loss): (149) (80)
Interest receivable and similar income: 149 80
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

BRISTOL FAIR TRADE NETWORK C.I.C.

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 14,001 13,047
Total current assets: 14,001 13,047
Net current assets (liabilities): 14,001 13,047
Total assets less current liabilities: 14,001 13,047
Accruals and deferred income: ( 14,001 ) ( 13,047 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

BRISTOL FAIR TRADE NETWORK C.I.C.

Balance sheet statements

For the year ending 31 August 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 10 February 2025
and signed on behalf of the board by:

Name: Kirstie Gillies
Status: Director

The notes form part of these financial statements

BRISTOL FAIR TRADE NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 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

    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.

BRISTOL FAIR TRADE NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

BRISTOL FAIR TRADE NETWORK C.I.C.

Company Number: 11514026 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

This year, the company’s focus was on two main events. The first was a Fairtrade producer visit and the second was Fairtrade Fortnight, which is organised by the Fairtrade Foundation. The Fairtrade producer visit is run in partnership with the Bristol Link with Nicaragua (BLINC) and aims to increase awareness of Fairtrade through education, particularly at local schools. As well as several visits to schools in the local area, the company also organised an event for the general public and supporters of the Bristol Fairtrade Network. This education event was co-hosted with the Global Goals Centre in Sparks, Bristol and took the form of a Fairtrade Tea Party and a presentation by the Nicaraguan producer. During Fairtrade Fortnight, the company supported a local fairtrade business owner to set up a pop-up stall within Sparks and provided publicity for the business owner, further promoting the benefits of fairtrade to the general public. Unfortunately, due to unforeseen circumstances, plans to commission fairtrade-themed artwork by a local artist had to be postponed. It is planned to commission this artwork in 2024-25 instead.

Consultation with stakeholders

The CIC’s main stakeholders are: Local businesses, Bristol Climate and Nature Partnership, Global Goals Centre, Future Economy Network, Business West, Bristol City Council (including Bristol Link with Nicaragua), Bristol University and the general public. Contact with these organisations is largely via email or remote meetings (eg Zoom) in order to co-ordinate events. Contact with the general public is generally via social media or at face-to-face events such as the Fairtrade producer event at Sparks.

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
23 February 2025

And signed on behalf of the board by:
Name: Kirstie Gillies
Status: Director