INCREDIBLE SURPLUS CIC

Company limited by guarantee

Company Registration Number:
09272180 (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

INCREDIBLE SURPLUS 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

INCREDIBLE SURPLUS 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

Principal activities of the company

Principal activity Incredible Surplus CIC is Community Interest Company limited by guarantee, incorporated in England. The company has a social mission to prevent food waste, 'by feeding bellies not bins' by providing food that would otherwise end up in land fill. We collect surplus food and other items from many different sources and re-distribute as much as possible to individuals and organisations. We use any organic material that is unfit for consumption to make compost in order to grow fruit and vegetables at our various allotments and growing sites. We aim to educate the local community about food waste and encourage recycling and reuse and resilience wherever possible. The company works on a 'pay as you feel basis', so customers can donate whatever they are able to.



Directors

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

Ann Marie Gallagher
Carol Ann Chapman
Victoria Sara Hemming
Birgit Keher


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
6 July 2025

And signed on behalf of the board by:
Name: Ann Marie Gallagher
Status: Director

INCREDIBLE SURPLUS CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 272,679 212,377
Cost of sales: ( 150,614 ) ( 95,160 )
Gross profit(or loss): 122,065 117,217
Administrative expenses: ( 121,553 ) ( 146,088 )
Operating profit(or loss): 512 (28,871)
Interest receivable and similar income: 1,362 1,276
Profit(or loss) before tax: 1,874 (27,595)
Profit(or loss) for the financial year: 1,874 (27,595)

INCREDIBLE SURPLUS CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 49,126 73,689
Total fixed assets: 49,126 73,689
Current assets
Debtors: 4 15,487 12,180
Cash at bank and in hand: 94,509 72,538
Investments: 5 500 500
Total current assets: 110,496 85,218
Creditors: amounts falling due within one year: 6 ( 1,158 ) ( 2,316 )
Net current assets (liabilities): 109,338 82,902
Total assets less current liabilities: 158,464 156,591
Total net assets (liabilities): 158,464 156,591
Members' funds
Profit and loss account: 158,464 156,591
Total members' funds: 158,464 156,591

The notes form part of these financial statements

INCREDIBLE SURPLUS 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 6 July 2025
and signed on behalf of the board by:

Name: Ann Marie Gallagher
Status: Director

The notes form part of these financial statements

INCREDIBLE SURPLUS 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 made up of donations and grants. Donations are recognised in the period they are received. Grants are recognised in the period they will be used to deliver activity.

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciation 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: each asset evenly over its expected useful life, as follows: Land & buildings Over 50 years Plant & machinery Over 4 years Motor vehicles Over 4 years Fixtures & fittings Over 4 years

INCREDIBLE SURPLUS 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

INCREDIBLE SURPLUS 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 5,243 2,841 127,475 135,559
Additions
Disposals
Revaluations
Transfers
At 31 October 2024 5,243 2,841 127,475 135,559
Depreciation
At 1 November 2023 5,243 2,841 53,786 61,870
Charge for year 24,563 24,563
On disposals
Other adjustments
At 31 October 2024 5,243 2,841 78,349 86,433
Net book value
At 31 October 2024 0 0 49,126 49,126
At 31 October 2023 0 0 73,689 73,689

INCREDIBLE SURPLUS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
£ £
Other debtors 15,487 12,180
Total 15,487 12,180

INCREDIBLE SURPLUS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Current assets investments note

We do not intend to sell these investements

INCREDIBLE SURPLUS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,158 2,316
Total 1,158 2,316

COMMUNITY INTEREST ANNUAL REPORT

INCREDIBLE SURPLUS CIC

Company Number: 09272180 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

Incredible Surplus CIC has continued to work with and to support the wide variety of groups, organisations and individuals across Birmingham, the Black Country and Solihull who are working to help everyone access safe, healthy food and other items that would otherwise go to landfill. Over the year November 2023 to October 2024 we intercepted 218.22 tonnes of surplus (mostly food) from supermarkets, online shopping distribution centres, allotments and donations from individuals or smaller businesses. 3 of our 4 vehicles that are used on a daily basis are electric vehicles which means our emissions are lower than if we used vehicles powered by fossil fuels. We have a volunteer base of approximately 140 people. This year 42 of our volunteers who help in the food handling part of our organisation have completed Level 2 Food Safety For Retail or Level 2 Food Safety For Catering training which ensures Incredible Surplus CIC is operating in a safe and legally compliant way but also potentially helps those individuals that are hoping to move on to work. We ran a short programme (4 x 2 hour sessions) of Digital Skills Training for the community in Ladywood at the Health and Community Centre, engaging people who have difficulty accessing online services. We ran over 800 hours of volunteer allotment sessions across the year at our allotments where volunteers made compost and learnt to grow & look after fruit & vegetables & harvested them too. The produce helped to feed our community.

Consultation with stakeholders

Incredible Surplus CIC has a diverse range of stakeholders, each playing a vital role in our exsistence. Some of our most important stakeholders are our individual customers who benefit directly from our distribution sessions. We engage with them face to face on a day to day basis at our distribution sessions but we also ask them to tell us how they feel about what we do and how it helps them and could help them more. We have used very simple questionnaires to find out some background information about them and have learned that many of our customers are on fixed incomes (pensions/benefits), live in households where there are multiple generations living together, and where there are older people or people with disabilities. Some are willing to travel significant distances to access our services and other low cost/free food options. Some of our customers do not have cooking facilities available to them where they live. We found out that many are struggling with accessing personal hygiene products and clothes washing detergent so we have pursued ways to access larger amounts of these products than we get through surplus donations. Our operations are also significantly supported by a wide array of organisations and individuals who provide surplus food. This vital network includes major supermarkets, local shops, businesses, other allotments, and generous individuals. Their contributions are fundamental to our ability to serve the community and we work hard to ensure we maintain positive relationships that are open and flexible enough to suit all parties needs. Relationships with the larger supermarkets are slightly different in that most use an online "intermediary" platform to manage the relationship between groups like us and the big supermarkets. Our volunteer collectors meet the managers and staff of supermarkets everyday so have been able to develop good working relationships but the online organisations are more difficult to build relationships with as they are by their nature remote and tend to rely on teams of people . We have invited managers and groups from several of our supermarket partners to visit us and so far groups from Aldi and Lidl have done so, resulting in positive learning about each other's organisations and improved communications. No one from the online platforms has visited us as yet but we are in regular communication with them.

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
6 July 2025

And signed on behalf of the board by:
Name: Ann Marie Gallagher
Status: Director