SUSTAINABLE LEATHER FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
12739406 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

SUSTAINABLE LEATHER FOUNDATION CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

SUSTAINABLE LEATHER FOUNDATION CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 286,933 232,184
Cost of sales: ( 278,917 ) ( 227,963 )
Gross profit(or loss): 8,016 4,221
Operating profit(or loss): 8,016 4,221
Profit(or loss) before tax: 8,016 4,221
Profit(or loss) for the financial year: 8,016 4,221

SUSTAINABLE LEATHER FOUNDATION CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 32,233
Cash at bank and in hand: 28,424 45,438
Total current assets: 60,657 45,438
Creditors: amounts falling due within one year: 4 ( 15,760 ) ( 8,557 )
Net current assets (liabilities): 44,897 36,881
Total assets less current liabilities: 44,897 36,881
Total net assets (liabilities): 44,897 36,881
Members' funds
Profit and loss account: 44,897 36,881
Total members' funds: 44,897 36,881

The notes form part of these financial statements

SUSTAINABLE LEATHER FOUNDATION CIC

Balance sheet statements

For the year ending 31 July 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 22 January 2025
and signed on behalf of the board by:

Name: Deborah Taylor
Status: Director

The notes form part of these financial statements

SUSTAINABLE LEATHER FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

SUSTAINABLE LEATHER FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

SUSTAINABLE LEATHER FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Debtors

2024 2023
£ £
Trade debtors 32,233
Total 32,233

SUSTAINABLE LEATHER FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 15,760 8,557
Total 15,760 8,557

COMMUNITY INTEREST ANNUAL REPORT

SUSTAINABLE LEATHER FOUNDATION CIC

Company Number: 12739406 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The Foundation has continued to grow and provide support for the global leather industry (our community) during the financial year 2023/24. There are now approximately 97 partners from 28 different countries and we have 79 published transparency dashboards that demonstrate the Environmental, Social and Governance performance capabilities of facilities operating along the leather value chain. Our staffing levels remain the same - with just 3 permanent employees, with 7 contracted auditors geographically spread to conduct audits of facilities. The Foundation has increased its work with intergovernmental organisations and country associations to support in areas such as EUDR and CSRD. The Managing Director sits on the European Commission's Deforestation Platform, and is also the leather expert for the UNECE. Additionally, in this financial year, our Managing Director was appointed as the Vice President of the Society of Leather Technologists and Chemists. Speaking engagements and training workshops have been delivered in the UK, Tanzania, China, Bangladesh, Italy, France, America and India. All designed to help tanneries and associated facilities to reduce their environmental impacts, increase their positive social impact and demonstrate robust ethical business practice with strong governance.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid to the managing director was £63,500 for salary in the year 2023/24. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 January 2025

And signed on behalf of the board by:
Name: Deborah Taylor
Status: Director