BEACONS WATER GROUP CIC
BEACONS WATER GROUP CIC
BEACONS WATER GROUP CIC
Company limited by guarantee
Company Registration Number:
12598636 (England and Wales)
Unaudited statutory accounts for the year ended 31 May 2021
Period of accounts
Start date: 13 May 2020
End date: 31 May 2021
BEACONS WATER GROUP CIC
Contents of the Financial Statements
for the Period Ended 31 May 2021
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
BEACONS WATER GROUP CIC
Profit And Loss Account
for the Period Ended
13 months to 31 May 2021 | ||
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| £ | |
Turnover: | | |
Cost of sales: | | |
Gross profit(or loss): | | |
Distribution costs: | | |
Administrative expenses: | | |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | | |
Profit(or loss) before tax: | | |
Tax: | | |
Profit(or loss) for the financial year: | |
BEACONS WATER GROUP CIC
Balance sheet
As at
Notes | 13 months to 31 May 2021 | ||
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| £ | ||
Fixed assets | |||
Intangible assets: | | ||
Tangible assets: | | ||
Investments: | | ||
Total fixed assets: | | ||
Current assets | |||
Stocks: | | ||
Debtors: | | ||
Cash at bank and in hand: | | ||
Investments: | | ||
Total current assets: | | ||
Creditors: amounts falling due within one year: | 3 | ( | |
Net current assets (liabilities): | | ||
Total assets less current liabilities: | | ||
Creditors: amounts falling due after more than one year: | | ||
Provision for liabilities: | | ||
Accruals and deferred income: | | ||
Total net assets (liabilities): | | ||
Members' funds | |||
Profit and loss account: | | ||
Total members' funds: | |
The notes form part of these financial statements
BEACONS WATER GROUP CIC
Balance sheet statements
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
BEACONS WATER GROUP CIC
Notes to the Financial Statements
for the Period Ended 31 May 2021
-
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
BEACONS WATER GROUP CIC
Notes to the Financial Statements
for the Period Ended 31 May 2021
-
2. Employees
13 months to 31 May 2021 Average number of employees during the period 0
BEACONS WATER GROUP CIC
Notes to the Financial Statements
for the Period Ended 31 May 2021
3. Creditors: amounts falling due within one year note
13 months to 31 May 2021 | ||
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£ | ||
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | |
COMMUNITY INTEREST ANNUAL REPORT
BEACONS WATER GROUP CIC
Company Number: 12598636 (England and Wales)
Year Ending: 31 May 2021
BackgroundThe Beacons Water Group (BWG) is a farmer led group and was established to replicate the approach of the Watershed Agricultural Council (WAC) in the Catskills, USA, adapted for a Welsh context. Working in partnership with Welsh Water, BWG is developing a range of initiatives for engagement with farmers and landowners as well as changing land management practices to deliver improvements to water quality through a reduction in diffuse pollution.The group is piloting initiatives which facilitate changes in agricultural practice that result in improved farm efficiency and / or resilience, provide clear benefits for raw water quality and are above the minimum regulation. It is looking to develop pilot projects that are targeted and replicable.The group evolved after a number of farmers attended initial meetings around the establishment of the BBMC and took part in subsequent engagement with representatives from WAC who visited Wales in March 2018. This resulted in a contingent from BWG visiting the Catskills in October 2019 to experience the approach first-hand.Beacons Water Group is now established as a Community Interest Company and is represented on the BBMC steering group.
Stakeholder - DCWW ( Dwr Cymru Welsh Water)2020 has been a year of consolidation for Beacons Water Group.The group became a registered Community Interest Company on May 13th 2020.The Covid-19 pandemic prevented physical meetings but presented opportunities for the group to collaborate remotely. After a brief period of adaption the group were able to meet more frequently for shorter more focused meetings and engage stakeholders who may not have been able to attend a physical meeting under normal circumstances.Budget limitations within DCWW, including as a result of Covid-19, have impacted potential funding for BWG activities, however, BWG acknowledge the unprecedented challenges and look forward to developing the partnership over the coming years.There has been frustration around the speed of progress for developing the project/relationship, but the group appreciate that this is a new way of working for both BWG and DCWW and we are learning valuable lessons that will hopefully influence future engagement between DCWW and the farming industry.The group met thirteen times via MS Teams, which included seven meetings with guest attendees. All BWG farms have shared field maps with DCWW and received hydrological mapping of their farms.Uptake of the full entitlement to Farming Connect funded soil testing and farm infrastructure reviews has been taken by all the BWG farmers.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
9 June 2021
And signed on behalf of the board by:
Name: Richard Roderick
Status: Director