CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
Company limited by guarantee
Company Registration Number:
12546445 (England and Wales)
Unaudited statutory accounts for the year ended 30 April 2023
Period of accounts
Start date: 1 May 2022
End date: 30 April 2023
CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
Contents of the Financial Statements
for the Period Ended 30 April 2023
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 April 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 May 2022 to 30 April 2023
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
CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
Profit And Loss Account
for the Period Ended
| 2023 | 2022 | |
|---|---|---|
| | £ | £ |
| Turnover: | | |
| Cost of sales: | ( | ( |
| Gross profit(or loss): | | |
| Administrative expenses: | ( | ( |
| Operating profit(or loss): | | |
| Profit(or loss) before tax: | | |
| Tax: | ( | ( |
| Profit(or loss) for the financial year: | | |
CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
Balance sheet
As at
| Notes | 2023 | 2022 | |
|---|---|---|---|
| | £ | £ | |
| Current assets | |||
| Cash at bank and in hand: | | | |
| Total current assets: | | | |
| Prepayments and accrued income: | | ||
| Creditors: amounts falling due within one year: | 3 | ( | ( |
| Net current assets (liabilities): | | | |
| Total assets less current 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
CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
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
CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 30 April 2023
-
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.
CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 30 April 2023
-
2. Employees
2023 2022 Average number of employees during the period 0 0
CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
Notes to the Financial Statements
for the Period Ended 30 April 2023
3. Creditors: amounts falling due within one year note
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Taxation and social security | | |
| Total | | |
COMMUNITY INTEREST ANNUAL REPORT
CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY
Company Number: 12546445 (England and Wales)
Year Ending: 30 April 2023
Company activities and impact
The company operates a flower market in the Old Market Place, Chiswick High Road, London W4 2DR. The market is held on the first Sunday of each month (excluding January). The market was established in 2020 to help revive Chiswick High Road which had declined in recent years. It was the first new flower market in London for 150 years.The market sells a wide range of cut flowers, house plants, outdoor plants and accessories, with a focus on British grown/produced and on sustainability. It attracts visitors from all over London and from elsewhere. There are many traders who attend every market, several who are seasonal, and there is a steady stream of new applicants. Priority is given to local businesses and those with a strong sustainability ethos. The market is also very supportive of charities and not for profits who are invited to attend to promote their causes. The market has now been running for three years and continues to be a great success for residents and visitors alike. It has brought much needed footfall to the High Road, each market has attracted an average of 10,000 visitors. Many local businesses including shops, pubs, restaurants, and cafes benefit from increased revenues on market days. Local musicians are invited to provide entertainment at the markets in addition to school choirs for some markets. This gives novice performers an opportunity to gain experience with a captive audience.All profits made by the flower market are put back into the local community. During the third financial year surplus funds have been used to replant more neglected flower beds in the High Road, maintain those planted in the previous years, it has supported local environmental/educational causes and has worked on improvements to the market place in which the market operates.
Consultation with stakeholders
The stakeholders comprise all local businesses and residents of Chiswick. Three surveys were undertaken in September 2022. These included market visitors, local businesses and residents for whom we hold contact details. These were to seek feedback and asked for comments/suggestions. The results were shared at a public meeting and via our website.The local council, the London Borough of Hounslow (“LBH”) is also a key stakeholder. The market organisers have worked closely with LBH in order to renew the licence to trade (every six months), to ensure safe and efficient operation of the market and to ensure compliance with relevant rules and regulations. LBH continues to be very supportive of the market.The market is run solely by volunteers who are all local. Regular meetings are held to discuss the operations of the market, to ensure smooth running of the market and that the CIC continues to meet its objectives.Interested parties have been kept informed via newsletters, press releases and social media.We have encouraged feedback from all parties and where possible and practical we have implemented any feedback provided.
Directors' remuneration
No remuneration was received
Transfer of assets
No transfer of assets other than for full consideration
This report was approved by the board of directors on
9 January 2024
And signed on behalf of the board by:
Name: Kathleen Mitra
Status: Director