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# TEIGN GREENS CIC

## Company limited by guarantee

## Company Registration Number:
12772199 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2025

## Period of accounts

## Start date: 1 April 2024

## End date: 31 March 2025

# TEIGN GREENS CIC

## Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report |
Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# TEIGN GREENS CIC

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Holly Budgen
Julian Clarke
Giles Frampton
Larissa Radclyffe

The director shown below has held office during the period of
1 April 2024 to 2 December 2024

Timothy Dickens

The director shown below has held office during the period of
2 December 2024 to 31 March 2025

Leonie Flug

The director shown below has held office during the period of
8 April 2024 to 31 March 2025

Rupert James Poole

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
17 October 2025

And signed on behalf of the board by:
Name: Holly Budgen
Status: Director

# TEIGN GREENS CIC

## Balance sheet

As at 31 March 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 17,471 | 14,094
Investments: |  | 0 | 0
Total fixed assets: |  | 17,471 | 14,094
Current assets
Stocks: |  | 0 | 0
Debtors: | 4 | 943 | 1,336
Cash at bank and in hand: |  | 30,916 | 30,355
Investments: |  | 0 | 0
Total current assets: |  | 31,859 | 31,691
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 5 | ( 4,307 ) | ( 9,323 )
Net current assets (liabilities): |  | 27,552 | 22,368
Total assets less current liabilities: |  | 45,023 | 36,462
Creditors: amounts falling due after more than one year: |  | 0 | 0
Provision for liabilities: |  | 0 | 0
Accruals and deferred income: |  | ( 22,944 ) | ( 38,273 )
Total net assets (liabilities): |  | 22,079 | (1,811)
Members' funds
Profit and loss account: |  | 22,079 | ( 1,811)
Total members' funds: |  | 22,079 | (1,811)

The notes form part of these financial statements

# TEIGN GREENS CIC

## Balance sheet statements

For the year ending 31 March 2025 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 October 2025
and signed on behalf of the board by:

Name: Holly Budgen
Status: Director

The notes form part of these financial statements

# TEIGN GREENS CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 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

  Tangible fixed assets depreciation policy

  Tangible fixed assets will not be depreciated in the year of purchase. Thereafter, they will be depreciated at a rate of 20% on cost each year in order to write off each asset over its estimated useful life.

# TEIGN GREENS CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 4 | 3

# TEIGN GREENS CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 April 2024 | 0 | 18,066 | 0 | 0 | 0 | 18,066
Additions | 0 | 6,990 | 0 | 0 | 0 | 6,990
Disposals | 0 | 0 | 0 | 0 | 0 | 0
Revaluations | 0 | 0 | 0 | 0 | 0 | 0
Transfers | 0 | 0 | 0 | 0 | 0 | 0
At 31 March 2025 | 0 | 25,056 | 0 | 0 | 0 | 25,056
Depreciation |  |  |  |  |  |
At 1 April 2024 | 0 | 3,972 | 0 | 0 | 0 | 3,972
Charge for year | 0 | 3,613 | 0 | 0 | 0 | 3,613
On disposals | 0 | 0 | 0 | 0 | 0 | 0
Other adjustments | 0 | 0 | 0 | 0 | 0 | 0
At 31 March 2025 | 0 | 7,585 | 0 | 0 | 0 | 7,585
Net book value |  |  |  |  |  |
At 31 March 2025 | 0 | 17,471 | 0 | 0 | 0 | 17,471
At 31 March 2024 | 0 | 14,094 | 0 | 0 | 0 | 14,094

# TEIGN GREENS CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 384 | 361
Prepayments and accrued income | 0 | 0
Other debtors | 559 | 975
Total | 943 | 1,336
Debtors due after more than one year: | 0 | 0

# TEIGN GREENS CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Trade creditors | 0 | 0
Taxation and social security | 0 | 0
Accruals and deferred income | 0 | 0
Other creditors | 4,307 | 9,323
Total | 4,307 | 9,323

# TEIGN GREENS CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 6. Loans to directors

Name of director receiving advance or credit: | Holly Budgen
Description of the transaction:
Loan for farm equipment.
| £
--- | ---
Balance at 31 March 2024 | 3,500
Advances or credits made: |
Advances or credits repaid: |
Balance at 31 March 2025 | 3,500
Name of director receiving advance or credit: |
Description of the transaction:
Loan for farm equipment.
| £
Balance at 31 March 2024 | 496
Advances or credits made: |
Advances or credits repaid: | 496
Balance at 31 March 2025 | 0

# COMMUNITY INTEREST ANNUAL REPORT

### TEIGN GREENS CIC

### Company Number: 12772199 (England and Wales)

### Year Ending: 31 March 2025

Company activities and impact

Teign Greens has continued to supply the local Teign Valley community and beyond with affordable, locally-grown organic vegetables as an ethical, local and dependable alternative to the supermarket. During this period, the number of subscribing member households slightly increased to around 90. We expanded to new collection points in Newton Abbot and Heavitree in Exeter, bringing our total to 7 collection points. We hope to enable more local people to access eating nutritious and sustainably produced local veg every week, promoting health, reducing food miles and helping create a resilient local food system locally. Funded by the National Lottery Awards for All programme, regular volunteering has continued, welcoming around 10 regular volunteers to the farm every Tuesday to learn about growing and benefit from working on the land. We also hosted 11 well attended Saturday morning volunteer sessions open to families. Over this year we hosted over 80 different day volunteers who contributed 2283 hours! This included a regular Gold DofE volunteer, weekly volunteering from a young person from Running Deer CIC school and his case worker and many young people attending our weekend volunteering with their families. 100% of the 20 volunteers who completed our January 25 survey said they would recommend volunteering with us to a friend! Corporate volunteer groups came and helped on the land, including 30 local GPs who came to volunteer and learn about social prescribing. Over the summer months, we hosted 10 residential volunteer ‘Wwoofers’ from all over the world, who altogether spent 26 weeks learning growing skills and benefiting from doing meaningful, rewarding work outside with others. We’ve also continued being part of the Apricot Centre’s Level 4 Land Based Regenerative Systems course, welcoming another full-time year-long trainee in January 2025. Last year’s trainee has gone on to be employed as a maternity cover within Teign Greens. We’ve hosted visits groups of visiting young people on the On the Hill programme and a U3A group. We also ran a well-attended open day and farm tour for the local community. We spoke to local people at 2 local fairs and 2 local WI groups. Around 500 people have benefited from working on the land and learnt about what Teign Greens does in this year. We still grow using better than organic methods, promoting biodiversity through our tree alleys, green manures and wildflowers strips. Funded by the Halleria Trust we built a large polytunnel this year, which will increase our climate resilience in the face of more extreme weather and enabling us to produce more food in the hungry gap. Teign Greens continues to partner with food poverty organisations including Teign Valley Larder, Chudfridge, Bovey Fridge and Newton Abbott community Fridge, reducing food waste and food poverty locally by donating surplus or grade out veg and members veg bags whilst on holiday every week, meaning there is virtually no wasted veg in our system. We also supplied local businesses & events such as Embercombe and the Doddiscombsleigh Art Show subsidising our work and reducing food miles.

Consultation with stakeholders

Teign Green’s stakeholders are members of the local community who sign up to the vegetable box scheme, those who volunteer to help with the growing and local partners such as the Teign Valley Larder. We did a volunteer survey of all our regular volunteers in January 2025, in which 20 of our regular volunteers participated. This feedback fed into planning volunteering opportunities and ways to increase our impact for the 25-26 season, which will be funded again by the National Lottery. Furthermore, all Teign Greens members were invited to complete a detailed anonymous survey in November 2024, and 60 participated. This informed the veg growing for the 25-26 season, and also the timing and format of open days and volunteering opportunities. Volunteers and members are also regularly consulted face to face whilst volunteering at the farm or at collection time. Meetings are regularly held with community partners such as Oxen Park Farm, On the Hill and the Teign Valley Larder. Teign Greens is well known in the local community, sending out weekly email newsletters and monthly contributions to the parish magazine with our contact information. Feedback has largely been very positive, and the team has adapted practice in line with constructive feedback wherever possible.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £24,459.61. 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
17 October 2025

And signed on behalf of the board by:
Name: Holly Budgen
Status: Director