FOODSAVERS CIC

Company limited by guarantee

Company Registration Number:
14225022 (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

FOODSAVERS CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FOODSAVERS CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Directors

The director shown below has held office during the period of
1 August 2023 to 15 July 2024

Kamel Abdelhalek


The director shown below has held office during the period of
1 August 2023 to 29 May 2024

Hocine Idjer


The director shown below has held office during the period of
29 April 2024 to 31 July 2024

M'Hamed Ghanem


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
28 April 2025

And signed on behalf of the board by:
Name: M'Hamed Ghanem
Status: Director

FOODSAVERS CIC

Balance sheet

As at 31 July 2024

Notes 2024 13 months to 31 July 2023


£

£
Creditors: amounts falling due within one year: 3 ( 1,269 ) ( 1,269 )
Net current assets (liabilities): (1,269) (1,269)
Total assets less current liabilities: (1,269) ( 1,269)
Total net assets (liabilities): (1,269) (1,269)
Members' funds
Profit and loss account: (1,269) ( 1,269)
Total members' funds: ( 1,269) (1,269)

The notes form part of these financial statements

FOODSAVERS 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.

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 28 April 2025
and signed on behalf of the board by:

Name: M'Hamed Ghanem
Status: Director

The notes form part of these financial statements

FOODSAVERS 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

FOODSAVERS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 13 months to 31 July 2023
    Average number of employees during the period 0 1

FOODSAVERS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

2024 13 months to 31 July 2023
£ £
Other creditors 1,269 1,269
Total 1,269 1,269

COMMUNITY INTEREST ANNUAL REPORT

FOODSAVERS CIC

Company Number: 14225022 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

We collect or receive deliveries of products from organisations that would otherwise throw them into landfill. Those products will be sorted and redistributed for consumption or re-use. The groups that re-ceive these products will include food banks, food pantries, community centres, churches, hostels, community groups and charities. The list is not exhaustive. The business model we follow will be based on receiving donations for the redistributed goods, and receiving donations from the general public to further our mission, hence the formation of the CIC. The donations will be used for providing staff, equipment, premises, and any required infrastructure to ena-ble the successful operation of the CIC.

Consultation with stakeholders

The stakeholders are the recipients of the surplus food which comprises of food banks/pantries, community centres, homeless hostels and other frontline food poverty services. The feedback has been positive. Firstly, in the quality of the food supplied, therefore affirming our quality control procedures, and secondly in continued requests to increase the frequency of supply. So much so that we have had to institute a waiting list. Following on from this there is a need to find further sources of supply. The Directors have composed a development strategy which is being implemented.

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
28 April 2025

And signed on behalf of the board by:
Name: M'Hamed Ghanem
Status: Director