for the Period Ended 30 March 2024
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
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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Current assets | |||
Stocks: | 4 |
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Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
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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: | 7 |
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Provision for liabilities: |
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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
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 March 2024
Basis of measurement and preparation
for the Period Ended 30 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 March 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 March 2024 |
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Depreciation | ||||||
At 1 April 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 30 March 2024 |
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Net book value | ||||||
At 30 March 2024 |
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At 31 March 2023 |
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for the Period Ended 30 March 2024
2024 | 2023 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 30 March 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 30 March 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 30 March 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Total |
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for the Period Ended 30 March 2024
Name of director receiving advance or credit: |
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Description of the transaction: | |
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£ | |
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Balance at 31 March 2023 | |
Advances or credits made: |
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Advances or credits repaid: | |
Balance at 30 March 2024 |
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Name of director receiving advance or credit: |
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Description of the transaction: | |
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£ | |
Balance at 31 March 2023 | |
Advances or credits made: |
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Advances or credits repaid: | |
Balance at 30 March 2024 |
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We sustained delivery across our projects, offering, food, connection, wellbeing and a warm and welcoming environment for people to gather in. Our food bank feeds 150 families every week and we continue to work with around 50 weekly volunteers who help pack, sort and deliver the food boxes. Overall the project continues to engage a further 50 ongoing local volunteers on a more casual basis. We run Super Market Sweeps which give us the opportunity to welcome corporate volunteers which gives these groups a great opportunity to give back locally as well as offering the project income. Our storage capacity increased so we can better store the goods these acivities bring in and we have engaged support groups like Bloody Good Period so we can offer additional items of need to our clients. Age UK continue to visit every week as a signposting service offering advice of benefits, debt, health, fuel poverty or any other service our clients need ssistance with. Our gardening sessions are operating in 5 spaces in partnership with Islington Parks Service providing local people with 3 oportunities to participate in group gardening sessions every week. We have also run a series of gardening related workshops and encouraged local people to get involved with a number of activities such as butterfly counting and building a cold frame. These sessions also teach people how to grow food in an urban environment and how to maintain the environment to keep it green and thriving for both residents and wildlife alike. We also engage corporate volunteers through gardening away days. Our cafe is continuing to operate as a warm space and we have expanded our menu to offer hot food and sandwiches as well as an extended our range of cakes and pastries. We also have a full team of FOH staff who are barista trained and offer employment to one young person with complex needs and unpaid work experience to another young person for 2 hours a week who is unable to work in a paid capacity due to her very complex needs. She attends weekly with her carer. Our community wellbeing programme offers free and low-cost access to movement and wellbeing activities as well as a series of free classes and events. We offer a low-cost membership, which is self-selected for those on low incomes as well as low-cost access to key workers. We have 2 classes which can be attended free of charge for those in need and we have 9 food bank client accessing the programme of classes, offering tools and techniques to manage strss and build resilience in difficult circumstances. Our traditional community offering continues with coffee mornings and experiences like flower arranging or candle making. We also arranged a day trip for elderly people to to the Lavender Fields and a Christmas meal in a local venue. The venue is still available to hire for various activities with preferential rates for the local community and charity groups.
The stakeholders are members of the local community. We consult local people through our coffee shop and by word of mouth. We also have a suggestions box in our cafe. Our clients are also invited by our newsletters to regularly feedback to us or make suggestions about what they hope to see more of and what they ar edosapoted with. Our Food Bank also has a dedicated team of volunteers who are local people who help shape the way the food bank operates and how we wlork with our clients. We have some close relationships with local individuals who help us shape and deliver our projects. For example, our gardens project has a key volunteer who is disabled. He has helped us design the gardens and what is grown and helped us work towards making the spaces accessible for wheelchairs. He has also led workshops, contributed plants for our plant stall and helped The ARC create a seed bank, all of which has given him a great sense of purpose.
Directors received remuneration in the form of paye salary of a total amount of £67,499.99. Two of the directors also drew down funds of £50,645.26 which was treated as a related party loan in the accounts.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
27 March 2025
And signed on behalf of the board by:
Name: Susan Smith
Status: Director