IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
05947958 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

The principal activity of the Company in the year under review was that of operating a wholefood co-operative which promotes locally sourced food for the residents of Ipswich and Suffolk.



Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

John Borthwick
Allan Crampton
Margaret Regnault
Helen Milne


Secretary David Penny

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
26 February 2025

And signed on behalf of the board by:
Name: Allan Crampton
Status: Director

IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 22,003 23,000
Cost of sales: ( 20,539 ) ( 22,102 )
Gross profit(or loss): 1,464 898
Distribution costs: 0 0
Administrative expenses: ( 1,406 ) ( 1,411 )
Other operating income: 0 0
Operating profit(or loss): 58 (513)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 58 (513)
Tax: 0 0
Profit(or loss) for the financial year: 58 (513)

IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 3 1,796 2,191
Debtors: 4 616 766
Cash at bank and in hand: 3,605 3,917
Total current assets: 6,017 6,874
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 948 ) ( 1,863 )
Net current assets (liabilities): 5,069 5,011
Total assets less current liabilities: 5,069 5,011
Provision for liabilities: 0 0
Total net assets (liabilities): 5,069 5,011
Members' funds
Profit and loss account: 5,069 5,011
Total members' funds: 5,069 5,011

The notes form part of these financial statements

IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 September 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 26 February 2025
and signed on behalf of the board by:

Name: Allan Crampton
Status: Director

The notes form part of these financial statements

IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 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 represents net invoiced sales of services, excluding Value Added Tax.

IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

    Ipswich Ripple is a co-operative wholly operated by volunteer members and has no paid employees.

IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Stocks

2024 2023
£ £
Stocks 1,796 2,191
Total 1,796 2,191

IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Trade debtors 616 766
Total 616 766

IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 948 1,863
Total 948 1,863

COMMUNITY INTEREST ANNUAL REPORT

IPSWICH RIPPLE COMMUNITY INTEREST COMPANY

Company Number: 05947958 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Ipswich Ripple has run a whole-food co-operative involving residents of Ipswich and Suffolk as members since 2007. During the year 2023-24 we have continued to: - provide affordable healthy food and environmentally-sensitive cleaning products and toiletries for sale on a fortnightly basis - provide an outlet for local food producers, especially micro-scale producers and organic growers - enable members to order specific products, e.g. to meet special dietary needs - encourage the use of re-fillable containers, thereby reducing packaging waste - provide a facility where local organisations can distribute information about environmental and community events.

Consultation with stakeholders

The company's stakeholders are its annual and day members, and also local food producers and organic growers. Ipswich Ripple is run and managed entirely by its membership. We actively encourage all members to participate in running our trading sessions, and to undertake management and administrative roles. All aspects of the company's activities and practice are open to review at regular meetings to which all members receive an invitation. We maintain contact with all our members via a website and regular e-mailings. We maintain close personal relationships with our local suppliers, especially micro-scale producers.

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
26 February 2025

And signed on behalf of the board by:
Name: Allan Crampton
Status: Director