for the Period Ended 31 May 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 May 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 June 2023
to
31 May 2024
The director shown below has held office during the period of
11 December 2023
to
31 May 2024
Secretary
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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Gross profit(or loss): |
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Administrative expenses: |
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Operating profit(or loss): |
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Interest payable and similar charges: |
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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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Prepayments and accrued income: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 4 |
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(
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' 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 May 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 May 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 May 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 June 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 May 2024 |
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Depreciation | ||||||
At 1 June 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 May 2024 |
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Net book value | ||||||
At 31 May 2024 |
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At 31 May 2023 |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Other creditors |
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Total |
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Greenheart Growers is a Market Garden Project based in Kinghorn, Fife. We are a Community Interest Company; our model allows us to provide positive social outcomes for local community members via a viable business model which generates income via a variety of services. Our positive social impact is summarised in our Business Aims and Objectives: 1: To contribute to a viable local food economy and encourage the development of more ecological / environmentally friendly local food producers. 2: Increase Access to Education, Training and Development Opportunities, relating to Growing, Cooking, Nutrition and Health and Safety. 3: Improve Health and Wellbeing of local community members who interact with our project / services, inspiring them to spend more time outdoors / improve their diet / spend more time in nature / grow their own produce. 4: Increase Community Resilience by providing people local organic produce and the confidence & skills to grow their own; and by upskilling people, building their confidence and offering a sense of belonging 5: Contribute to existing and emerging community networks, for the benefit of a resilient local organic food system 6. To care for the soil, biodiversity and natural resources around us and to encourage local community members to do so. Our current services, PROVIDED THIS SEASON AND RELATING THE FINANCIAL YEAR TO WHICH THIS REPORT RELATES, include; -Sale of Weekly Veg Boxes to immediate and surrounding communities; a full range of Salads, Herbs and Vegetables grown at our market garden, facilitated by local partners / collection points. -Sale of fresh produce to Commercial Partners; restaurants, organic food shops and cafes -Sale of Fresh Produce, to local community members via our Farm Shop -Sale of Seedlings and Plants to the local community via Farm Shop -Greenheart Education Days / Growing Workshops (New 2025) -Provision of three Volunteer Sessions per week, Tuesday, Thursday, Friday, educating local people by providing first hand practical experience and instruction in how to grow fresh produce using organic methods -Provision of Community Events hosted at our Market Garden, ran in partnership with other local, neighbouring organisations and local artisans / producers. We have provided the following positive benefits to the local community: - Increased access to education and training - Increased access to locally grown organic produce - Increased opportunity for socialistion and time outdoors - Contribution to a viable local food economy - Increase in biodiversity of the local community
No consultation with stakeholders
During the financial year, directors received remuneration and expenses totalling £21,379
No transfer of assets other than for full consideration
This report was approved by the board of directors on
27 February 2025
And signed on behalf of the board by:
Name: Andrew McGovern
Status: Director