WE GROW COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
14279132 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

WE GROW COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

WE GROW COLLECTIVE CIC

Directors' report period ended 31 August 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

A Jaffay
N Astara
M Akagi


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
21 May 2025

And signed on behalf of the board by:
Name: A Jaffay
Status: Director

WE GROW COLLECTIVE CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 13 months to 31 August 2023


£

£
Turnover: 3,614 480
Cost of sales: ( 2,374 ) ( 480 )
Gross profit(or loss): 1,240 0
Administrative expenses: ( 1,240 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

WE GROW COLLECTIVE CIC

Balance sheet

As at 31 August 2024

Notes 2024 13 months to 31 August 2023


£

£
Current assets
Cash at bank and in hand: 4,020 573
Total current assets: 4,020 573
Net current assets (liabilities): 4,020 573
Total assets less current liabilities: 4,020 573
Accruals and deferred income: ( 4,020 ) ( 573 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

WE GROW COLLECTIVE CIC

Balance sheet statements

For the year ending 31 August 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 21 May 2025
and signed on behalf of the board by:

Name: A Jaffay
Status: Director

The notes form part of these financial statements

WE GROW COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

    Revenue is recognised when it is probable that the economic benefits associated with the transaction will flow to the organisation, the amount of revenue can be measured reliably, and when any specific performance obligations have been satisfied. Revenue is measured at the fair value of the consideration received or receivable. Revenue is recognised as follows: - Donations and Legacies: Donations are recognised when the CIC has entitlement to the funds, any performance conditions attached to the donations have been met, it is probable that the income will be received, and the amount can be measured reliably. - Grants Receivable: Grant income that is subject to performance-related conditions is recognised as income when the conditions have been satisfied. Where grant income is received in advance of conditions being met, it is deferred and recognised as a liability in the balance sheet until the conditions are satisfied. Unrestricted grants, which are not subject to specific performance conditions, are recognised as income when the CIC has unconditional entitlement to the funds. - Income from Charitable Activities: Income from the provision of services or delivery of projects is recognised when the service or project has been provided or delivered, in accordance with the terms of the contract or agreement. - Investment Income: Investment income is recognised on a receivable basis once the right to receive payment is established.

WE GROW COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

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

    There were no employees during the period. Sessional workers are self-employed and invoice We Grow Collective for their services.

COMMUNITY INTEREST ANNUAL REPORT

WE GROW COLLECTIVE CIC

Company Number: 14279132 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

We Grow is a Community Interest Company focussed on connecting people with each other and with land to grow food together in groups and to swap seeds and seedlings at community events. In the year to 31 August 2024 we: Received a grant from Edge fund for £1,000 to be used for building the website. This work was completed. - Completed a commissioned project at Rotherfield St Martin (RSM). - Completed work funded by Household Support Fund – outreach and establishment of community leaders. - Received a grant from Lund Fund for RSM extension and Uckfield projects. Work was almost completed on RSM extension and Uckfield was just starting so most of the grant is deferred into y/e 2025 when the work has been taking place. We believe the benefits to the community are: Improved physical and mental health, reduced cost of food shopping, developing new friendships, learning new skills in gardening and tending crops, experiencing more community cohesion both in peoples’ own co-ops and also through the advent of the monthly meet-ups of their local network of co-ops, development of new skills for trainees and volunteers.

Consultation with stakeholders

The company’s stakeholders are the community of new co-ops. We hold regular swap events and meet-ups for the co-ops, where the community leader talks with members to find out how their co-op is going, giving any support they ask for in terms of building community cohesion within their group. We also have a WhatsApp group, where members can ask us and each other for advice.

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
21 May 2025

And signed on behalf of the board by:
Name: Andrea Jaffay
Status: Director