for the Period Ended 30 September 2020
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 30 September 2020
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 October 2019 to 30 September 2020
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 | 2020 | 2019 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
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 2020
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 September 2020
2020 | 2019 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 September 2020
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 October 2019 | | | | | ||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 September 2020 | | | | | ||
Depreciation | ||||||
At 1 October 2019 | | | | | ||
Charge for year | | | | | ||
On disposals | ||||||
Other adjustments | ||||||
At 30 September 2020 | | | | | ||
Net book value | ||||||
At 30 September 2020 | | | | | ||
At 30 September 2019 | | | | |
for the Period Ended 30 September 2020
2020 | 2019 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 30 September 2020
2020 | 2019 | |
---|---|---|
£ | £ | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
for the Period Ended 30 September 2020
2020 | 2019 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 30 September 2020
2020 | ||
---|---|---|
£ | ||
Bank loans and overdrafts | | |
Total | |
PART 1 - GENERAL DESCRIPTION OF THE COMPANY’S ACTIVITIES AND IMPACTThe 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 2019 and the end of September 2020 the Project diverted just over 12 tonnes of waste from landfill, by residents and businesses bringing in their unwanted but still useable items to the Project. Due to COVID19 and the closure of the store from March 2020 to June 2020, this figure is down on previous years. Furthermore because of new ways of working while the store was open and only taking items in by appointment, this has also contributed to the reduction of this figure.Without doubt, this year 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 three 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 acknowledges the assistance of the Government in providing grants and furlough payments during this period for which we are grateful. Reluctantly, we also secured a ‘Bounce Back Loan’ to ensure the Project continue with some form of financial security in these unprecedented times but we also acknowledge that this is at a much-reduced interest rate.On a more practical note, some of the changes made to run the store and business during these unprecedented times has forced us to look at a new and smarter way forward for the future; a new website has been set up explaining our work; arranged 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.
PART 2 – CONSULTATION WITH STAKEHOLDERS 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 2019 and end of September 2020 provided nine 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 is also extremely proud to announce that a volunteer who started with us in the last period, not only completed the volunteering component of the Duke of Edinburgh Award with our Project, but also stayed on with us afterwards and until she started university in September 2020. The project is in constant communication with the residents and businesses of North Somerset as a means of obtaining feedback and to monitor how things are progressing, in order that the project can move forward and provide a continually improving service..
The director received a gross salary of £14,999 during the year ended 30 September 2020 Employer’s national insurance thereon amounted to £868.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which are required to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
2 June 2021
And signed on behalf of the board by:
Name: MRS PATRICIA SCOTT
Status: Director