THE FOOD BARN TREGEW CIC

Company limited by guarantee

Company Registration Number:
12972735 (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

THE FOOD BARN TREGEW CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

THE FOOD BARN TREGEW CIC

Directors' report period ended 31 October 2024

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

Directors

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

Ian Brydon
Laurence Paul Jarrett-Kerr
Hector Michael Roderick Lane
John Andrew Lane
Patrick John Mungo Lane
Martha Malu Wiekens


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
1 July 2025

And signed on behalf of the board by:
Name: Martha Malu Wiekens
Status: Director

THE FOOD BARN TREGEW CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 49,519 44,492
Cost of sales: 0 ( 173 )
Gross profit(or loss): 49,519 44,319
Distribution costs: ( 382 ) ( 167 )
Administrative expenses: ( 60,413 ) ( 50,888 )
Operating profit(or loss): (11,276) (6,736)
Profit(or loss) before tax: (11,276) (6,736)
Profit(or loss) for the financial year: (11,276) (6,736)

THE FOOD BARN TREGEW CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 7,836 10,925
Total fixed assets: 7,836 10,925
Current assets
Debtors: 4 5,882 2,386
Cash at bank and in hand: 727 1,773
Total current assets: 6,609 4,159
Creditors: amounts falling due within one year: 5 ( 16,316 ) ( 5,679 )
Net current assets (liabilities): (9,707) (1,520)
Total assets less current liabilities: (1,871) 9,405
Total net assets (liabilities): (1,871) 9,405
Members' funds
Profit and loss account: (1,871) 9,405
Total members' funds: ( 1,871) 9,405

The notes form part of these financial statements

THE FOOD BARN TREGEW 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 1 July 2025
and signed on behalf of the board by:

Name: Martha Malu Wiekens
Status: Director

The notes form part of these financial statements

THE FOOD BARN TREGEW 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value.

    Other accounting policies

    Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

THE FOOD BARN TREGEW CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 0

THE FOOD BARN TREGEW CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 5,025 15,442 20,467
Additions
Disposals
Revaluations
Transfers
At 31 October 2024 5,025 15,442 20,467
Depreciation
At 1 November 2023 3,187 6,355 9,542
Charge for year 3,089 3,089
On disposals
Other adjustments
At 31 October 2024 3,187 9,444 12,631
Net book value
At 31 October 2024 1,838 5,998 7,836
At 31 October 2023 1,838 9,087 10,925

THE FOOD BARN TREGEW CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
£ £
Trade debtors 5,882 2,386
Total 5,882 2,386

THE FOOD BARN TREGEW CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 3,720 5,679
Taxation and social security 216
Other creditors 12,380
Total 16,316 5,679

COMMUNITY INTEREST ANNUAL REPORT

THE FOOD BARN TREGEW CIC

Company Number: 12972735 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

During the year to 31st October 2024 the Food Barn continued to build itself as a venue for local, sustainable and ethical producers to sell their goods directly to the public. The CIC has continued to be well supported by the community with a large scale following of locals now regularly attending the Saturday farmer’s market. It has also provided further opportunity for more of the local farming and food produce community to sell their produce directly to the public by expanding the number of regular traders at the Saturday market. The Food Barn continues to run a Saturday market all year round and a Wednesday evening market during summer holidays. It also introduced a Christmas night market offering farmers and producers the opportunity to sell fresh produce for Christmas celebrations and an opportunity for the local community to get together in advance of the Christmas break. The year was spent improving the offering for the local community, through the increased range of traders and produce available on a Saturday, further developing the car park to accommodate the increasing customer numbers and create a more pleasant market experience and strengthening the foundation and administrative systems to ensure longevity and financial security going forwards.

Consultation with stakeholders

The current main stakeholders of The Food Barn remain the vendors and producers who use the facilities. The vendors and customers have been consulted in a variety of ways by the manager to gather feedback and ideas of how to improve the barn and how to best promote it. The vendors also have direct contact with the market manager who in turn relays feedback to the Directors who meet on a regular basis. In response to feedback from the vendors The Food Barn continues to provide sufficient parking space for traders, additional opportunities for trading through extra events and regular trader interaction.

Directors' remuneration

The directors’ remuneration received was £17,323.64. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Martha Wiekens
Status: Director