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Registered number: 05370849
Cambridgeshire Community Reuse And Recycling Network Ltd
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 05/04/2024

Cambridgeshire Community Reuse And Recycling Network Ltd

ACCOUNTS
FOR THE YEAR ENDED 05/04/2024
DIRECTORS
L N Digiovanni
M Pheasant
R Shroff
REGISTERED OFFICE
CCORRN
3 Commercial Road
March
Cambridge
PE15 8QP
COMPANY DETAILS
Private company limited by guarantee registered in EW - England and Wales, registered number 05370849
BANKERS
Lloyds Bank plc
48 High Street
Newmarket
Suffolk
BC8 8LF
ACCOUNTANTS
Beeston-Clarke Accountants Limited
Chartered Certified Accountants
92 Gladstone Street
Winsford
Cheshire
CW7 4AZ

Cambridgeshire Community Reuse And Recycling Network Ltd

ACCOUNTS
FOR THEYEARENDED05/04/2024
CONTENTS
Page
Directors' Report3
Accountants' Report5
Statement Of Comprehensive Income6
Balance Sheet7
Notes To The Accounts8
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account12
Profit And Loss Account Summaries13

Cambridgeshire Community Reuse And Recycling Network Ltd

DIRECTORS' REPORT
FOR THEYEARENDED05/04/2024
The directors present their report and accounts for theyearended05/04/2024
DIRECTORS
The directors who served during theyearwere as follows:
L N Digiovanni
M Pheasant
R Shroff
STATEMENT OF DIRECTORS RESPONSIBILITIES
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ACHIEVEMENTS AND PERFORMANCE
This report covers a period of significant changes for the organisation. Whilst undeniably there has been a large drop in revenue, which has resulted in us taking a big step back with regards to revenue growth; we have also made a huge leap forward in terms of assets.
Since 2011 we have delivered an award winning paint reuse service for Cambridgeshire County Council managed by their third-party waste contractors. Following a protracted renegotiation period, after six months we were notified that the contract would not be renewed. This represented a drop of £90,000 in contracted income compared to the year before. Based on positive previous negotiations, the skilled staff were retained and redeployed to other duties including remanufacturing paint for future sales. For the first time in over a decade we had to enter into a redundancy consultation and had to make redundancies.
Having undertaken a strategic review post Covid, we were already in the process of buying our existing factory building and the adjoining building. Due to our drop in revenue income we had to change our social investment fund raising strategy to a blend of social finance and capital grant funding.

Cambridgeshire Community Reuse And Recycling Network Ltd

DIRECTORS' REPORT
FOR THEYEARENDED05/04/2024
ACHIEVEMENTS AND PERFORMANCE (continued)
The purchase was part funded (£312,000) by The Cambridgeshire and Peterborough Combined Authority's (CPCA) Market Towns programme which was awarded by Social Enterprise East of England (SEEE), the CPCA's delivery partner. The funding is specifically designed to support the growth of social entrepreneurship and boost the social economy ecosystem across market towns and rural areas.
The remaining £150,000 towards the purchase was funded by SIB The Social Investment Business who provided blended grant and loan finance to support the capital purchase of what will called The REMO Eco Hub.
In January 2024 we secured our forever home; a 13,513 square foot former factory which will be transformed with further funding to become a Circular Economy Social Enterprise Hub supporting 20 social enterprises to deliver a broad range of social and environmental benefits for the local Fenland community.
We have also made investments in:
An electric van and charging station
A new website and videos
Improved manufacturing equipment
Printed British steel tins for our RM paints.
We have also invested in our people by employing three young people on apprenticeships.
Additionally we have spent more time recording and measuring our impact and can share that to date we have:
Helped 280+ people into employment Signed up 9900+ householder members
Rescued nearly 1 million litres of paint Redistributed over 273,000+ meals
Processed 40,000+ PPE items Reused 35+ tonnes of movie props
Rescued 450+ tonnes of furniture, appliances, carpet and homewares
Benefitted over 500,000 individuals, 200 community groups and 52 community enterprises.
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the board on04/04/2025
L N Digiovanni
Director

Cambridgeshire Community Reuse And Recycling Network Ltd

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS
OF CAMBRIDGESHIRE COMMUNITY REUSE AND RECYCLING NETWORK LTD, FOR THE YEAR ENDED 05/04/2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cambridgeshire Community Reuse And Recycling Network Ltd for the year ended 05/04/2024 as set out on pages 6 to 11 from the company's accounting records and from information and explanations you have given us.
As a practising member of the ACCA, we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of Cambridgeshire Community Reuse And Recycling Network Ltd, as a body, in accordance with the terms of our engagement letter dated 27/06/2024. Our work has been undertaken solely to prepare for your approval the accounts of Cambridgeshire Community Reuse And Recycling Network Ltd and state those matters that we have agreed to state to the Board of Directors of Cambridgeshire Community Reuse And Recycling Network Ltd, as a body, in this report, in accordance with the requirements of the ACCA as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cambridgeshire Community Reuse And Recycling Network Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cambridgeshire Community Reuse And Recycling Network Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Cambridgeshire Community Reuse And Recycling Network Ltd. You consider that Cambridgeshire Community Reuse And Recycling Network Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Cambridgeshire Community Reuse And Recycling Network Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Beeston-Clarke Accountants Limited
Chartered Certified Accountants
92 Gladstone Street
Winsford
Cheshire
CW7 4AZ
04/04/2025

Cambridgeshire Community Reuse And Recycling Network Ltd

STATEMENT OF COMPREHENSIVE INCOME
FOR THEYEARENDED05/04/2024
Notes20242023
££
TURNOVER156,957273,284
Cost of sales(35,769)(34,517)
GROSS PROFIT121,188238,767
Distribution costs and selling expenses(11,084)(8,520)
Administrative expenses(206,798)(226,595)
Other operating income40,54814,546
OPERATING (LOSS) / PROFIT(56,146)18,198
(LOSS) / PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION(56,146)18,198
(LOSS) / PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION(56,146)18,198

Cambridgeshire Community Reuse And Recycling Network Ltd

BALANCE SHEET AT 05/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets6490,85925,066
CURRENT ASSETS
Stock49,67115,746
Debtors88,00316,335
Cash at bank and in hand9,25592,010
66,929124,091
CREDITORS: Amounts falling due within one year958,72825,181
NET CURRENT ASSETS8,20198,910
TOTAL ASSETS LESS CURRENT LIABILITIES499,060123,976
CREDITORS: Amounts falling due after more than one year10431,230-
NET ASSETS67,830123,976
CAPITAL AND RESERVES
Profit and loss account67,830123,976
MEMBERS' FUNDS67,830123,976
For the year ending 05/04/2024 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.
Approved by the board on 04/04/2025 and signed on their behalf by
.............................
L N Digiovanni
Director
.............................
M Pheasant
Director

Cambridgeshire Community Reuse And Recycling Network Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 05/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land And Buildingsreducing balance2%
Fixtures And Fittingsreducing balance25%
Equipmentreducing balance33%
Motor Carsreducing balance25%
1c. Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
1d. Pension Costs
Contributions to defined contricution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
1e. Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Cambridgeshire Community Reuse And Recycling Network Ltd

1f. Government Grants
Government grants are recognised using the performance model. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
1g. Grant Income
Grants which relate to revenue are recognised as income in the period the related costs are incurred by the entity for which the grant is intended to compensate. For grants which are received by the entity for compensation for expenses or losses which have already been incurred, the grant is recognised in income when it is received or receivable.
2. EMPLOYEES
20242023
No.No.
Average number of employees1113
3. DIRECTORS REMUNERATION
20242023
££
Total remuneration55,77060,996
4. PENSION CONTRIBUTIONS
20242023
££
Pension contributions1,5791,066
1,5791,066

Cambridgeshire Community Reuse And Recycling Network Ltd

5. TAX ON ORDINARY ACTIVITIES
20242023
££
6. TANGIBLE FIXED ASSETS
Land AndFixtures
Buildingsand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 06/04/2023-22,1713,12718,24443,542
Additions462,600--24,999487,599
At 05/04/2024462,60022,1713,12743,243531,141
Depreciation
At 06/04/2023-8,6372,6637,17618,476
For the year9,2523,3841539,01721,806
At 05/04/20249,25212,0212,81616,19340,282
Net Book Amounts
At 05/04/2024453,34810,15031127,050490,859
At 05/04/2023-13,53446411,06825,066
7. STOCK 20242023
££
Stock comprises:
Stock49,67115,746
49,67115,746
8. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors4,20210,289
VAT3,801-
Prepayments-6,046
8,00316,335

Cambridgeshire Community Reuse And Recycling Network Ltd

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
PAYE8351,937
Directors current account28,5334,566
Social Investment Loan16,238-
VAT-2,510
Other creditors2,3909,711
Pension schemes575607
Accruals3,1675,850
Deferred income6,990-
58,72825,181
10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Social Investment Loan >1yr92,215-
Deferred income>1yr339,015-
431,230-
11. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 05/04/2024 there were 3 members.
12. CAPITAL GRANTS
During the year the company received capital grants of £349,500 towards the purchase of a property. As the grants relate to the cost of a fixed asset, they have been recognised as deferred income and will be released to the profit and loss account over the useful life of the building in accordance with the company's accounting policy for capital grants.

Cambridgeshire Community Reuse And Recycling Network Ltd

TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 05/04/2024
20242023
££
Turnover156,957273,284
Cost of Sales:
Stock at 05/04/202315,74610,544
Purchases64,63831,930
Other direct expenses5,0567,789
85,44050,263
Stock at 05/04/2024(49,671)(15,746)
35,76934,517
Gross Profit121,188238,767
Other operating income40,54814,546
161,736253,313
Less:
Distribution costs11,0848,520
Administrative expenses206,798226,595
217,882235,115
Net (loss) / profit for the year before taxation(56,146)18,198
Net (loss) / profit for the year after taxation(56,146)18,198
Retained profits brought forward123,976105,778
Retained profits carried forward67,830123,976
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.

Cambridgeshire Community Reuse And Recycling Network Ltd

PROFIT AND LOSS ACCOUNT SUMMARIES
FOR THE YEAR ENDED 05/04/2024
20242023
££
Cost of sales - purchases:
Purchases19,58920,488
Repaint project45,04911,442
64,63831,930
Cost of sales - other direct costs:
Ebay and Paypal charges2,4442,427
Courier and delivery charges2,6125,362
5,0567,789
Distribution Costs:
Marketing11,0848,520
11,0848,520

Cambridgeshire Community Reuse And Recycling Network Ltd

PROFIT AND LOSS ACCOUNT SUMMARIES
FOR THE YEAR ENDED 05/04/2024
20242023
Administrative Expenses:
Rent4,5336,800
Rates & water1,9271,840
Insurance1,5121,452
Heat and light4,6198,897
Repairs and maintenance1,8092,465
Directors salaries55,77060,996
Directors pension2,7893,050
Directors NIC1,5194,227
Wages and salaries78,644101,840
Pension contributions1,5791,066
Training1,260774
Motor expenses10,57213,216
Travel and subsistence2,3322,251
Accountancy fees2,2503,200
Professional fees3,1502,077
Printing, postage and stationery1,4321,068
Telephone 1,4501,226
Subscriptions4101,087
Charitable donations-19
Social investment loan interest3,623-
Sundry expenses3,8122,787
Depreciation and Amortisation:
Depreciation of land and buildings9,252-
Depreciation of fixtures and fittings3,3842,586
Depreciation of computer equipment153231
Depreciation of motor cars9,0173,440
206,798226,595
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.