for the Period Ended 30 November 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 November 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 December 2023
to
30 November 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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| Cost of sales: |
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| Profit(or loss) for the financial year: |
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As at
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Creditors: amounts falling due within one year: | 4 |
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| Creditors: amounts falling due after more than one year: | 5 |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 November 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 30 November 2024
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for the Period Ended 30 November 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| At 30 November 2023 |
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for the Period Ended 30 November 2024
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| Other creditors |
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| Total |
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for the Period Ended 30 November 2024
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| Other creditors |
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In 2023-2024, we have maintained good membership levels throughout the year and, therefore, maintained good veg box outputs. Fulfilling the box numbers has resulted in significantly lower service provider costs than in previous years. We suffered the loss of 2 polytunnel skins during 2 storms. This resulted in the cost of replacing the skins. We needed to wait for ideal weather conditions to be able to install. This meant we were delayed in planting in the polytunnels and this had an adverse effect for the rest of the year. Despite these factors, the overall result for the year was a closing loss of £474 on the year, and an end-of-year bank balance of £11,228 that provides a good start point for 2024-2025. We continue to benefit from the automated software solution Smartsheets that gives real time visibility and when any financial decisions are required the core management team has the information they need to make informed decisions. A small increase to all veg box subscriptions introduced in November. In 2023-2024, we maintained a lower than previous year weekly output, averaging 55 boxes per week. This was lower than originally budgeted and adjusted mid-year. We started the year on 38 boxes for small and 29 standard going out, then we saw the standards and smalls equal out around midyear. In fact, Standard boxes remain more than Small boxes from 1739 to 1599. This measure is important as it drives our budgetary model each year we use it to predict income and buying-in costs, as well as helping our Growers to plan their planting and cropping schedules. Our waiting list of potential members is again at an all-time low, we continued to promote the Camel CSA on social media, and also advertised in the Wadebridge Cricket Club annual booklet. We need to revisit a marketing campaign to increase our waiting list and also member list. Actual income was a steady line throughout the year, although this does not reflect the budget, overall we fared better than anticipated through the latter part of the year. The overall result was a loss of £474 over the year. The service provider costs would have been higher than expected, yet change of circumstances using ‘ Seasonal growers’ , ‘ Site Manager/Volunteer Coordinator’ and ‘ Membership Admin’ to support overall management meant that costs have been close to budgeted. However, restoring the polytunnels, maintenance cost after storms and creating a much needed hub for our valued volunteers that was not budgeted for and combined with the lower numbers of boxes going out resulted in a loss. Considering the challenges we faced and the lack of buying in possibilities this was estimated. Veg box income for the year was down by 9.7% on last year, to £44,524, reflecting the lower veg box numbers.
The Company’s stakeholders are local residents, living within a ten-mile radius of the project. Apart from the Annual General Meeting, no formal consultations were conducted in 2024. Members continue to receive a weekly email keeping them in touch with developments. Our Instagram and Facebook page also attracts interest. At Treraven next to a public footpath we continue to have a lot of face to face contact with the public. During the weekly picking & packing, volunteer sessions and monthly meetings the opportunity is taken to discuss plans and to consult informally on proposals concerning planting, marketing strategy and the organisation of community events.
Directors receive remuneration in form of Subcontractor fees, see full details in our accounts: For transparency/accountability Director fees is now split out from non-director subcontractor fees on Profit & Loss. Director’s subcontractor fees for the year = £14,677.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
21 August 2025
And signed on behalf of the board by:
Name: Diana Barry
Status: Director