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# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

## Company limited by guarantee

## Company Registration Number:
10754552 (England and Wales)

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

## Period of accounts

## Start date: 1 August 2024

## End date: 31 July 2025

# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

## Contents of the Financial Statements

for the Period Ended 31 July 2025

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

# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

Directors' report period ended 31 July 2025

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

Directors

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

Mr Mark Claydon
Mr Michael Frost
Mr Christopher O'Byrne
Mr Daryl Setterfield
Mrs Juliet Whitmore

The director shown below has held office during the period of
1 August 2024 to 12 February 2025

Mr Stephen Churches

The director shown below has held office during the period of
7 March 2025 to 31 July 2025

Mr Morgan Flanagan

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
23 February 2026

And signed on behalf of the board by:
Name: Mrs Juliet Whitmore
Status: Director

# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

## Profit And Loss Account

for the Period Ended 31 July 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 433,617 | 429,727
Cost of sales: | ( 186,958 ) | ( 175,013 )
Gross profit(or loss): | 246,659 | 254,714
Administrative expenses: | ( 211,367 ) | ( 203,603 )
Operating profit(or loss): | 35,292 | 51,111
Interest receivable and similar income: | 234 |
Interest payable and similar charges: |  | ( 3 )
Profit(or loss) before tax: | 35,526 | 51,108
Tax: | ( 7,072 ) | ( 9,347 )
Profit(or loss) for the financial year: | 28,454 | 41,761

# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

## Balance sheet

As at 31 July 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 151,825 | 19,347
Total fixed assets: |  | 151,825 | 19,347
Current assets
Stocks: | 4 | 5,108 | 7,793
Debtors: | 5 | 10,473 | 83,795
Cash at bank and in hand: |  | 83,312 | 74,935
Total current assets: |  | 98,893 | 166,523
Creditors: amounts falling due within one year: | 6 | ( 58,614 ) | ( 22,220 )
Net current assets (liabilities): |  | 40,279 | 144,303
Total assets less current liabilities: |  | 192,104 | 163,650
Total net assets (liabilities): |  | 192,104 | 163,650
Members' funds
Profit and loss account: |  | 192,104 | 163,650
Total members' funds: |  | 192,104 | 163,650

The notes form part of these financial statements

# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

## Balance sheet statements

For the year ending 31 July 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.

This report was approved by the board of directors on 23 February 2026
and signed on behalf of the board by:

Name: Mrs Juliet Whitmore
Status: Director

The notes form part of these financial statements

# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 July 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

  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. Sale of goods 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. Rendering of services 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.

  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, over their expected useful lives on the following bases: Plant and machinery - 33.33% SL Fixtures and fittings - 33.33% SL Computer Equipment - 33.33% SL

# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 July 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 8 | 8

# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 August 2024 | 15,830 | 28,696 | 4,078 | 1,701 |  | 50,305
Additions | 134,000 |  | 562 |  |  | 134,562
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 July 2025 | 149,830 | 28,696 | 4,640 | 1,701 |  | 184,867
Depreciation |  |  |  |  |  |
At 1 August 2024 |  | 27,524 | 1,826 | 1,608 |  | 30,958
Charge for year |  | 711 | 1,327 | 46 |  | 2,084
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 July 2025 |  | 28,235 | 3,153 | 1,654 |  | 33,042
Net book value |  |  |  |  |  |
At 31 July 2025 | 149,830 | 461 | 1,487 | 47 |  | 151,825
At 31 July 2024 | 15,830 | 1,172 | 2,252 | 93 |  | 19,347

# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 4. Stocks

| 2025 | 2024
--- | --- | ---
| £ | £
Stocks | 5,108 | 7,793
Total | 5,108 | 7,793

# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 July 2025

## 5. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Prepayments and accrued income | 5,663 | 3,825
Other debtors | 4,810 | 79,970
Total | 10,473 | 83,795

# FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 July 2025

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

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 7,213 | 4,222
Taxation and social security | 14,981 | 17,938
Accruals and deferred income | 2,420 | 60
Other creditors | 34,000 |
Total | 58,614 | 22,220

# COMMUNITY INTEREST ANNUAL REPORT

### FRIENDS OF THE GARIBALDI COMMUNITY INTEREST COMPANY

### Company Number: 10754552 (England and Wales)

### Year Ending: 31 July 2025

Company activities and impact

The past year has proven to be another profitable one for the Friends of The Garibaldi CIC (FoTG), albeit down on recent years due to continually increasing costs from all corners including, but not limited to, utility costs and increased employer NIC contributions. Despite the difficult economic times the board of directors took the decision in December 2024 to pay all staff the real living wage from January 2025, as laid out by the Living Wage foundation, as well as increasing our general managers salary to bring it in-line with the industry average. Despite the increased expense they were keen to do this to show all employees that they are highly valued and an important part of the ‘Gari Family’. To remain profitable we have had to carefully balance increasing our sales prices whilst both maintaining good footfall and remaining competitive against other local establishments, and believe we have successfully managed to achieve this. 2024 saw our amazing landlady & general manager, Shiv Lewis, reach her five year anniversary with FoTG. She continues to be the public face of FoTG, organising fundraisers, events and collaborations with local charities and local groups at the pub, as well as lobbying local councilors for financial support and negotiating contracts to get the best possible deal for anything and everything, such as Sky TV, BT and many of our lagers and soft drinks. She spearheads all applications for funding and grants to help with our costs, very ably assisted by committee member Lucy Beach. We have still not managed to secure the building freehold. As reported last year our initial plan was thwarted by closure of the Community Ownership Fund last May when the general election was called. We basically ‘lost’ the rest of 2024 as rumors kept circulating that the fund would re-open after the election, but in late 2024 it was formally announced that it would not re-open and, at that time, there was no similar fund we could apply to. Early 2025 saw Shiv and Lucy hit the funding application with vigor, but it quickly became apparent that there was no longer the volume of funding available that had been there 18 months before. We met with Chris Soden, who owns the freehold, to explain the situation, and he very generously granted us another 12-month lease through to July 2026 so we can secure the funds to buy the building from him subject to us paying him another 10% of the purchase value. We now have a relationship with a mortgage broker who is approaching funders who are willing to take the payments we have made to date as a ‘deposit’ and are hopeful we will have some positive news before the year is out. As part of the Community Ownership Fund application we reached out to our now local MP, Rebecca Paul, (she was a councilor when we first linked up) in May 2024 for support and she has become a great advocate of not just us, but all independent pubs, especially ones in her constituency. She has taken our plight to heart: helping out by serving tea & toast at our monthly Forces Fry-Up events more than once - she even provided the Christmas crackers for the December breakfast at her own expense. April 2025 saw her launch a competition to find the ‘best pub’ in her constituency, with five categories up for grabs. The competition concluded in May 2025 when she headed a Commons debate highlighting the importance of pubs and used our community-run pub as a prime example, mentioning us by name more than one. We are proud to report that we won both Best Community Pub and Best Overall Pub. On the back of this we were mentioned on the BBC news web-site, had a TV crew from ITV attend to film a piece for the local South East news as well as being interviewed by BBC radio Surrey. We also hosted a Community Day on Saturday 3rd May to share updates on the pub’s future, which resulted in a number of good contacts being made. On the public side of the business we have continued with our very popular regular events:- Quiz night – every alternate Thursday (run jointly by two local quizmaster customers). ‘Music bingo’ night – every alternate Thursday (run by one of our Directors using their own software and equipment). ‘Forces fry-up’ – every third Saturday in the month (a GM initiative that honours and serves local people with a Forces connection past or present by serving up a full fried breakfast along with tea or coffee – still as well-attended and one of our genuinely original offers to our community which as yet hasn’t been matched anywhere else). ‘Gari-oke’ night – monthly, self-curated using YouTube and our big screen facilities, run by another of our Directors and a committee member. Book club – every fourth Wednesday (very successfully spearheaded and run by local customer Sarah Burgess) Art club - last Saturday of the month consisting of still life drawing classes hosted by a local artist Ad-hoc events included Our 7th birthday celebration in August ‘24 A number of Women’s Health Fundraisers in collaboration with Nikki Franklin, a doctor at East Surrey Hospital, which raises money for the Friends of East Surrey Hospital A charity beer festival run by the ‘Good Guys’ in August ‘2. All funds raised were split between the pub purchase fundraiser and the Smile: cleft lip foundation Macmillan Coffee morning & Garibaldi bake off in September ‘24 Two cheese & wine tasting nights in October ‘24 and June ‘25 December saw our usual Christmas weekend starting with traditional carols on Friday 13th moving onto the Christmas market on Saturday 14th, showcasing local creators, makers and traders with stalls set up in both the garden and on the front porch with the Include Choir leading more carols. The weekend was wrapped up with the drawing of our Christmas raffle and by a visit from Santa on Sunday 15th to give out the locals ‘secret santa’ gifts Our now infamous community table was well attended on Christmas Day (after the pub was closed to the public). Locals who would have otherwise spent the afternoon alone came together for a traditional festive feast with all the trimmings 2024 was concluded with a NYE karaoke and disco pyjama party Burn’s night was celebrated at the end of January with regulars from our Forces-Fry Up both piping in and addressing the haggis. January also saw us hold our first traditional wassail, supported by a local morris group, to bless our apple tree Spring saw us re-open our garden and the summer solstice was celebrated there, with flower crown making and morris dancing The summer also saw us collaborate with Bhunnys, who run their food van from our garden courtyard under lease, with a number of jointly themed weekends offering different food, including a ‘sausage sizzle’ and pizzas Our engagement with local charities and not for profit causes continued over the last 12 months. Additionally, the ongoing support of both our committee members and ‘regulars’ to help keep the pub in good condition, with their diverse range of skills, is invaluable to us. Surrey Choices continue to use the garden on a weekly basis, assisting disabled, autistic and neurodivergent people with their health and wellbeing We are listed with Surrey County Council as a ‘warm welcome’ space We have hosted a number of workshops to assist people with on-line safety and banking in conjunction with Lloyds bank The garden sheds, wooden huts and fences have all been treated with eco-friendly preservatives, and the Gari Gardening Gang continues to keep everything blooming beautifully throughout the summer as well as growing a wide variety of fruit and veg, which is freely available for all from late summer. We invested in a sturdy gazebo last winter, which covers the whole of our front patio area. It has lights and heaters and proved a great ‘extension’ to the pub from late autumn ‘24 though to the spring of 2025

Consultation with stakeholders

The company’s stakeholders are the residents and visitors to the local area, local community groups, suppliers and the pub’s patrons. The directors have all lived in the area for at least 20 years, and have strong ties to the pub and local area. We have sought to run the business based on the views of existing and new customers, our members, and the wider community. We chose to become a CIC with a large membership to allow more individuals to join the company, ensuring the community could be involved as much as possible. Our members are all from the local community and we have sought to increase our numbers to ensure that a diverse range of views, experiences and needs are represented. We hold quarterly members meetings which allow us to seek input into decision making and listen to views on how the business is running, as well as the services it should provide. Together, we agree the company’s current priorities and longer-term aspirations. We also update on the work that has been done and how the business is progressing; new people are always welcome to attend, and all views are welcomed. We hold formal meetings, but to make sure we don’t exclude individuals that would like to get involved, we decided to alternate our regular meetings with social mixers in the evenings. This still allows us to share information and seek community views, but in a more informal setting. It also helps attract interest from other customers, and sign-up sheets allow people to volunteer to get involved. We also have a suggestion box to give us access to our wider stakeholders, allowing patrons to provide their views on all aspects of the business and what they would like from it. We have also continued to increase our online and social media presence, with our website, WhatsApp group, Twitter and Facebook pages. This allows us to reach more of our stakeholders and to keep them updated with our plans. We have listened to feedback and striven to support all members of our community. We have also continued to engage with other community groups to understand how we can best support them. This also allows us to improve our knowledge of how to run a successful community venture, the opportunities that are available to us, and how we can best support our community.

Directors' remuneration

One Director (Juliet Whitmore) received total remuneration of £1,140, paid through the payroll, for work associated with the pub accounts only.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
18 February 2026

And signed on behalf of the board by:
Name: Juliet Whitmore
Status: Director