LOVE FOOD CIC

Company limited by guarantee

Company Registration Number:
12972731 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

LOVE FOOD CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

LOVE FOOD CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 56,644 32,207
Gross profit(or loss): 56,644 32,207
Administrative expenses: ( 55,866 ) ( 28,720 )
Operating profit(or loss): 778 3,487
Profit(or loss) before tax: 778 3,487
Tax: ( 148 ) ( 662 )
Profit(or loss) for the financial year: 630 2,825

LOVE FOOD CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 3,025
Cash at bank and in hand: 17,100 11,998
Total current assets: 20,125 11,998
Net current assets (liabilities): 20,125 11,998
Total assets less current liabilities: 20,125 11,998
Creditors: amounts falling due after more than one year: 4 ( 662 )
Accruals and deferred income: ( 15,011 ) ( 7,662 )
Total net assets (liabilities): 5,114 3,674
Members' funds
Profit and loss account: 5,114 3,674
Total members' funds: 5,114 3,674

The notes form part of these financial statements

LOVE FOOD CIC

Balance sheet statements

For the year ending 31 October 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 24 May 2025
and signed on behalf of the board by:

Name: Alison Brantingham
Status: Director

The notes form part of these financial statements

LOVE FOOD CIC

Notes to the Financial Statements

for the Period Ended 31 October 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.

LOVE FOOD CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

LOVE FOOD CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Debtors

2024 2023
£ £
Prepayments and accrued income 3,025
Total 3,025

LOVE FOOD CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due after more than one year note

  2023
  £
Other creditors 662
Total   662

COMMUNITY INTEREST ANNUAL REPORT

LOVE FOOD CIC

Company Number: 12972731 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

LOVE Food CIC is a community-based organisation dedicated to increasing access to, and promoting the benefits of Local, Organic, Vegan, Ethical food for animals, health and the environment. We organise food activities to: bring the local community together, help people eat better, address food poverty, reduce food waste. All of LOVE Food CIC's activities focus on healthy, easy, affordable, tasty vegan food. Eating plant-based not only offers a wide range of health benefits, but can also help the environment and reduce our carbon footprint. In the last year from November 2023 - October 2004 we continued to run all our activities including St Thomas community fridge, lunch clubs, cooking sessions, foraging walks, apple juicing project, and other food and community activities. Due to St Thomas Library having to leave their premises, we had to move our community fridge temporarily to St Thomas Parish Church. After that we decided to try to take on our own premises, so that we wouldn’t have to keep moving the fridge, and so we could run all our activities from a single space. We organised a crowdfunding campaign and on 20 February 2024 we successfully raised £15,361 with 149 supporters. In April, we were awarded Lottery Awards for All funding and have also received many other grants totalling about £53,000 in the last year. We got the keys to the premises in May and started running activities in July. Since starting activities in July 2024 and opening fully in September 2024, our community food hub has blossomed into a wonderfully well used space and we have started new activities including a Swap Shop with free toys, books, clothes; arts & craft sessions; coffee mornings; pop up meals, and other food initiatives and special events. All of our activities use surplus food, which would otherwise go to waste, and we get food from FareShare South West, Exeter Food Action and Olio. We also get fruit and veg from local producers and community growing projects including Shillingford Organics, Devon Dig & Donate, Zero Mile Gardens and gardeners and allotment holders. Some of the cooking sessions we have run over the last year, both before and after we set up the food hub, include: - Cook & Eat sessions making Soup and Flatbreads and Curry - Vegan Ethiopian Masterclass - Christmas plant-based cooking in Topsham - Budget cooking sessions at Exwick Community Centre - Walk & Cook sessions - Cooking with pulses - Energy saving cooking using air fryers and slow cookers - Zero Waste Mexican cooking - Chutney making We have also run events with Exeter Phoenix and the RAMM. Altogether over the last year, we have run over 35 cooking sessions and lunch clubs, and have benefitted around 500 people.

Consultation with stakeholders

We carried out an online survey before setting up St Thomas Community Food Hub and had 67 responses. 78% said they were likely or very likely to visit the food hub. The activities that were most popular were the community fridge, pay what you can lunch clubs, cooking sessions and pop up meals. We ask people who attend cooking sessions and other events at the food hub to fill in feedback forms and to make suggestions about our activities that they would like us to run. We also consult with stakeholders on a regular basis through social media, and in-person at our lunch clubs, coffee morning, and other events.

Directors' remuneration

The directors’ remuneration for the year was as follows: 2024 - £16,479 Remuneration reflects payment for operational roles carried out by directors, such as project management and running cooking sessions.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 May 2025

And signed on behalf of the board by:
Name: Alison Brantingham
Status: Director