for the Period Ended 30 September 2021
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2021 | 2020 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 7 | ( | ( |
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 30 September 2021
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 September 2021
2021 | 2020 | |
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Average number of employees during the period | | |
for the Period Ended 30 September 2021
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 October 2020 | | | | | ||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 September 2021 | | | | | ||
Depreciation | ||||||
At 1 October 2020 | | | | | ||
Charge for year | | | | | ||
On disposals | ||||||
Other adjustments | ||||||
At 30 September 2021 | | | | | ||
Net book value | ||||||
At 30 September 2021 | | | | | ||
At 30 September 2020 | | | | |
for the Period Ended 30 September 2021
2021 | 2020 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 30 September 2021
2021 | 2020 | |
---|---|---|
£ | £ | |
Other debtors | | |
Total | | |
for the Period Ended 30 September 2021
2021 | 2020 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 30 September 2021
2021 | 2020 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Total | | |
for the Period Ended 30 September 2021
Name of director receiving advance or credit: | |
Description of the transaction: | |
| |
£ | |
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Balance at 30 September 2020 | |
Advances or credits made: | |
Advances or credits repaid: | |
Balance at 30 September 2021 | |
| |
Name of director receiving advance or credit: | |
Description of the transaction: | |
| |
£ | |
Balance at 30 September 2020 | |
Advances or credits made: | |
Advances or credits repaid: | |
Balance at 30 September 2021 | |
The main aim of James Scott’s North Somerset ReUse Project CIC (JSNSRP) is to reduce usable unwanted items going to landfill.JSNSRP (The Project) provides an environmental service to the local area (North Somerset) and actively promotes the reduction of landfill. The Project accepts all unwanted but still useable items except for large pieces of furniture, soft goods, ie sofas etc and ‘white’ goods, ie fridges etc. Therefore, most items the Project receives are of a much smaller nature and in many cases, so small they can be easily thrown away with other household waste and therefore not noticed as bulk. However, between October 2020 and the end of September 2021 the Project diverted almost 14 tonnes of waste from landfill, by residents and businesses bringing in their unwanted but still useable items to the Project. Although this figure is up on the last period, this is still down on previous years due to COVID19 and the closure of the store from November 2020 to December2020 and January 2021 to April 2021. Without doubt, this year again, has been very difficult for everyone. Our Project has been no exception and had to close our doors and effectively shut down the business for five months due to COVID19 restrictions. The Project has had its own goals and aims curtailed somewhat and is reflected in the number of items we have been able to accept and save going to landfill. When we were allowed to reopen, the use of extra disposable gloves, face masks and the use of clear plastic bags to place items in to sell has been detrimental to the environmental service we would normally provide and promote in reducing the use of plastic. Of course, like other businesses, there has been extra work in ensuring items for sale have been safe to sell and we have had to make many changes in the way we work, for example, redesigning the store to allow for a COVID safe environment for staff and customers, reducing the numbers of customers coming into the store and changing the way we receive items from members of the public and businesses. On a positive note, the Project has survived, and again acknowledges the assistance of the Government in providing grants and furlough payments during this period for which we are grateful. On a more practical note, some of the changes made to run the store during the previous year due to COVID19 and business during these unprecedented times has forced us to look at a new and smarter way forward for the future; besides the website being set up in the previous year (and this has been extremely well received and useful explaining the work of the Project), arranging appointments for the larger deliveries is now a ‘new normal’ and more manageable for staff and their health and safety; a better designed layout for the store for customers to see the goods to buy in a more convenient and comfortable way and, we have had really good feedback to all these changes from our customers and the way we are moving forward.
JSNSRP’s main stakeholders are residents and businesses of North Somerset bringing in their unwanted goods and paint and buying such goods and paint.The environmental service the Project provides to the whole community of North Somerset and, in the spirit of the Project and the way it continues and why it was initially founded, has gained much support in return. The Project has proven that residents and businesses alike are keen on having their unwanted items reused as opposed to taking them to landfill.The Project relies on volunteers and between October 2020 and end of September 2021 provided fourteen local residents with voluntary work from all ages and backgrounds; from those who were in part time work and looking for extra experience, attending higher education and retired and semi-retired people. Although losing some volunteers during this period, due to ill health, returning to higher education and moving on to paid work, the Project gained new volunteers. The Project has the continuing support of North Somerset Council and our Project’s details can be found on their official website under “Reducing your Household Waste”.The Project is a member of the nationally acclaimed Community Repaint Scheme which is sponsored by Dulux through Resource Futures based in Bristol. The Project checks and if necessary, ‘cleans’ the paint brought in to ensure it is still useable. Between October 2020 and the end of September 2021, the Project received 1,857 litres of unwanted paint from residents and businesses; of this figure, the Project sold and redistributed 1,532 litres to 263 individuals and community groups.The director and co-founder of JSNSRP has lived in North Somerset for several years and has continued the Project based on the experience and ethos of her son, James Scott, also co-founder of the Project. After setting up the Project, at the very young age of just 34, James sadly died in May 2014. The Project is dedicated to, and continues in His loving memory.
The total amount paid or receivable by directors in respect of qualifying services was £23,029.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.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 May 2022
And signed on behalf of the board by:
Name: MRS PATRICIA SCOTT
Status: Director