THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13397609 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Directors' report period ended 31 May 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Sarah Pedlar
Alexandra Straw
Constance Rumak


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
25 February 2025

And signed on behalf of the board by:
Name: Sarah Pedlar
Status: Director

THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 33,614 75,580
Cost of sales: ( 32,580 ) ( 28,106 )
Gross profit(or loss): 1,034 47,474
Administrative expenses: ( 21,058 ) ( 16,417 )
Operating profit(or loss): (20,024) 31,057
Profit(or loss) before tax: (20,024) 31,057
Tax: 3,806 ( 5,901 )
Profit(or loss) for the financial year: (16,218) 25,156

THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 9,599 10,682
Total fixed assets: 9,599 10,682
Current assets
Debtors: 4 3,599 0
Cash at bank and in hand: 27,256 31,660
Total current assets: 30,855 31,660
Creditors: amounts falling due within one year: 5 ( 20,030 ) ( 5,494 )
Net current assets (liabilities): 10,825 26,166
Total assets less current liabilities: 20,424 36,848
Provision for liabilities: ( 617 ) ( 823 )
Total net assets (liabilities): 19,807 36,025
Members' funds
Profit and loss account: 19,807 36,025
Total members' funds: 19,807 36,025

The notes form part of these financial statements

THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 May 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 25 February 2025
and signed on behalf of the board by:

Name: Sarah Pedlar
Status: Director

The notes form part of these financial statements

THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Plant and machinery 25% straight line

    Other accounting policies

    Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.

THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 6,350 5,811 12,161
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 6,350 5,811 12,161
Depreciation
At 1 June 2023 1,479 1,479
Charge for year 1,083 1,083
On disposals
Other adjustments
At 31 May 2024 2,562 2,562
Net book value
At 31 May 2024 6,350 3,249 9,599
At 31 May 2023 6,350 4,332 10,682

THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Other debtors 3,599 0
Total 3,599 0

THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 5,094
Accruals and deferred income 20,030 400
Total 20,030 5,494

COMMUNITY INTEREST ANNUAL REPORT

THE STRAW PATCH PROJECT COMMUNITY INTEREST COMPANY

Company Number: 13397609 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The Straw Patch Project CIC aims to be a mental health support project that uses nature based activities to improve mental, social and physical wellbeing. They benefit the local community by providing support and small group sessions to promote a positive mental health through Ecotherapy. The groups can grow fresh ingredients and make food using those ingredients amongst other activities.

Consultation with stakeholders

The company’s stakeholders are visitors to the Straw Patch Project and residents living in the area. The Straw Patch Project has been developed with the aim of nurturing wellbeing and promoting positive mental health, when speaking to many residents of the town they feel they would bene from this support. The aim is to be community inclusive.

Directors' remuneration

During the year, the directors were paid remuneration totalling £28,711.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 February 2025

And signed on behalf of the board by:
Name: Sarah Pedlar
Status: Director