for the Period Ended 31 December 2022
Directors report | |
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 31 December 2022
Directors
The directors shown below have held office during the whole of the period from
22 December 2021 to 31 December 2022
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
As at
Notes | 2022 | ||
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| £ | ||
Current assets | |||
Cash at bank and in hand: | | ||
Total current assets: | | ||
Creditors: amounts falling due within one year: | 3 | ( | |
Net current assets (liabilities): | | ||
Total assets less current liabilities: | | ||
Total net assets (liabilities): | | ||
Members' funds | |||
Profit and loss account: | | ||
Total members' funds: | |
The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2022
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 December 2022
2022 | ||
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Average number of employees during the period | |
for the Period Ended 31 December 2022
2022 | ||
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£ | ||
Taxation and social security | | |
Accruals and deferred income | | |
Total | |
The Poole Harbour Agriculture Group (PHAG) runs the Poole Harbour Nutrient Management Scheme (PHNMS), a voluntary nitrate balancing and trading scheme for farmers within the Poole Harbour catchment, targeted with reducing nitrates into Poole Harbour by 2030 in line with Government targets.The Scheme opened in December 2022, for the first year of business of 2022/23 and had 202 farm businesses join the Scheme for this year.PHAG will deliver the “approved scheme” (PHNMS) as part of its commitment to help deliver the agricultural sector’s fair share of nutrient reductions across the Poole Harbour catchment. PHNMS has been developed in line with the “Poole Harbour Consent Order Technical Investigation and Recommendations4 ” (PHCOTR) guidelines produced by the Environment Agency and Natural England.PHNMS is a voluntary whole catchment approach that offers all farmers in the Poole Harbour (PH) catchment the opportunity to come together and collectively reduce nitrogen levels entering Poole harbour. It has been developed to work with a regulated approach managed and delivered by the Environment Agency.PHAG developed PHNMS to benefit the farming community in Poole Harbour, to enable all farmers in the Poole Harbour (PH) catchment to come together under one entity and to take collective action to meet any nutrient reductions required for the agricultural; PHAG has benefited the farming community in the following ways:a) The guidance and support of a farmer owned and controlled entity - the Poole Harbour Agricultural Group (PHAG)b) The implementation of catchment wide governance and management supporting its members in delivering catchment targetsc) The use, refinement and where required further development of a farm level nitrogen accounting tool, used by farmers to inform nutrient management decision makingd) The development and implementation of catchment level nitrogen balancing that incorporates nitrogen trading and which can be used to track a farmer’s progress in delivering catchment targetse) Access to new environmental markets through trading.
The company’s stakeholders are the farmers within the Poole Harbour catchment, as well as our partners of the Scheme: Environment Agency, Natural England, National Farmers Union, Country Landowners & Business Association, for example.The Scheme has an advisory body of Partners, called the PHNMS Project Group, this meets at a minimum of quarterly throughout the year, to allow a collaborative consensus driven forum, and is represented by all our Scheme partners.The farming community by being members of PHAG have the chance to feed in their thoughts and priorities through the Scheme Development Manager or via any of the farmer Directors. All Directors are farmers themselves within the catchment, often having lived and farmed in the catchment for a number of years and having built experience and a profile within the community.At all farmer meetings, we encourage feedback and comments to help drive the Scheme forward.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
22 January 2024
And signed on behalf of the board by:
Name: Mr W R Cox
Status: Director