ETHSTAT ETHICAL STATIONERY C.I.C.

Company Registration Number:
08161334 (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

ETHSTAT ETHICAL STATIONERY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

ETHSTAT ETHICAL STATIONERY C.I.C.

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

Principal activities of the company

"The company's principal activity during the year continued to be the sale of office supplies. As a not-for-profit organisation, the company has had another successful year with an increased customer base and a wider pool of people we have helped. A full report of our social impact has been prepared for the regulators the report details how we have used our income and profits to benefit society. Our nimbleness has allowed us to move where our customers have required. While many offices remain closed, we are seeing a return to work and an emphasis on our coffee, branded and corporate gift market with substantial pre-orders already placed for Autumn / Winter 2023/ 2024. With changes in our economy and rising energy prices we will see more emphasis on greener, UK manufactured solutions. We expect a resurgence in the stationery market to add to our growing reputation in FM supplies."



Directors

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

Bruce Halai-Carter
Yasmin Halai-Carter


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
4 July 2025

And signed on behalf of the board by:
Name: Bruce Halai-Carter
Status: Director

ETHSTAT ETHICAL STATIONERY C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 1,196,854 1,006,181
Cost of sales: ( 635,414 ) ( 658,652 )
Gross profit(or loss): 561,440 347,529
Distribution costs: ( 33,946 ) ( 87,226 )
Administrative expenses: ( 338,436 ) ( 327,011 )
Operating profit(or loss): 189,058 (66,708)
Profit(or loss) before tax: 189,058 (66,708)
Tax: ( 24,975 )
Profit(or loss) for the financial year: 164,083 (66,708)

ETHSTAT ETHICAL STATIONERY C.I.C.

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 10,693 8,009
Total fixed assets: 10,693 8,009
Current assets
Stocks: 4 140,747 97,000
Debtors: 5 113,054 93,159
Cash at bank and in hand: 372,219 435,958
Total current assets: 626,020 626,117
Creditors: amounts falling due within one year: 6 ( 137,353 ) ( 247,696 )
Net current assets (liabilities): 488,667 378,421
Total assets less current liabilities: 499,360 386,430
Accruals and deferred income: ( 324,500 ) ( 375,653 )
Total net assets (liabilities): 174,860 10,777
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 174,858 10,775
Total Shareholders' funds: 174,860 10,777

The notes form part of these financial statements

ETHSTAT ETHICAL STATIONERY C.I.C.

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 4 July 2025
and signed on behalf of the board by:

Name: Bruce Halai-Carter
Status: Director

The notes form part of these financial statements

ETHSTAT ETHICAL STATIONERY C.I.C.

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery 25% straight line

ETHSTAT ETHICAL STATIONERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 15 14

ETHSTAT ETHICAL STATIONERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 17,993 17,993
Additions 7,627 7,627
Disposals
Revaluations
Transfers
At 31 July 2024 25,620 25,620
Depreciation
At 1 August 2023 9,984 9,984
Charge for year 4,943 4,943
On disposals
Other adjustments
At 31 July 2024 14,927 14,927
Net book value
At 31 July 2024 10,693 10,693
At 31 July 2023 8,009 8,009

ETHSTAT ETHICAL STATIONERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Stocks

2024 2023
£ £
Stocks 140,747 97,000
Total 140,747 97,000

ETHSTAT ETHICAL STATIONERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors

2024 2023
£ £
Trade debtors 111,254 93,159
Other debtors 1,800
Total 113,054 93,159

ETHSTAT ETHICAL STATIONERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 95,414 203,162
Taxation and social security 32,144 39,526
Other creditors 9,795 5,008
Total 137,353 247,696

COMMUNITY INTEREST ANNUAL REPORT

ETHSTAT ETHICAL STATIONERY C.I.C.

Company Number: 08161334 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

2024 was a year of learning and change for Ethstat. It’s clear our government is more stretched than ever and organisations with purpose are increasingly becoming the lifeblood of our economy. The rich, poor divide is palpable, and communities are destitute. In our borough alone, 80% of children in four mainstream schools are homeless. We saw record adult homeless figures this year and 65% more people reached out to Ethstat directly for work. Poverty and health is connected and we have seen declining health in our unhoused friends some of whom we provided emergency accommodation for. Dementia is increasing and it is estimated that by 2025 over 1 million people in the UK will have a diagnosis of dementia. Jamila’s Ethical Coffee is growing, and we are forging new contracts with organisations at scale, but the hard work continues and we recognise that to grow further we need to develop stronger partnerships and move deeper into hospitality. One such partnership is with Alzheimer’s UK and we look forward to developing our work together. The plastic crisis is growing, and 2024 was a year that consolidated over 20 years of research - organisations are finally beginning to recognise the science and we are achieving a shift in use and more acceptance that old ways must change.

Consultation with stakeholders

We are on track for our best growth year to date but our giving has taken us so far and our single focus for 2025 is to develop long term contracts and understand how we can seek external funding. We have answers to many of the current issues; securing our business and ensuring consistent pipeline, is key for us to deliver impact, and share how we do this with our stakeholders.

Directors' remuneration

B Halai-Carter = £22,737.50 Y Halai-Carter = £22,737.50

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
4 July 2025

And signed on behalf of the board by:
Name: Bruce Halai-Carter
Status: Director