THE GOOD WASH ENTERPRISE CIC

THE GOOD WASH ENTERPRISE CIC

THE GOOD WASH ENTERPRISE CIC - Company Information

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THE GOOD WASH ENTERPRISE CIC

Company limited by guarantee

Company Registration Number:
11445167 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

THE GOOD WASH ENTERPRISE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE GOOD WASH ENTERPRISE CIC

Directors' report period ended 31 December 2022

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
1 January 2022 to 31 December 2022

Mandy Powell
 Justin Coles
 Sarah Lima
 Cristyn Rhys-Dillon

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
8 December 2023

And signed on behalf of the board by:
Name: Mandy Powell
Status: Director

THE GOOD WASH ENTERPRISE CIC

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£
£
Turnover: 166,292 251,393
Cost of sales: ( 89,975 ) ( 227,013 )
Gross profit(or loss): 76,317 24,380
Distribution costs: 0 0
Administrative expenses: ( 101,685 ) ( 138,853 )
Other operating income: 137,628 17,300
Operating profit(or loss): 112,260 (97,173)
Interest receivable and similar income: 8 4
Interest payable and similar charges: ( 4,935 ) ( 3,278 )
Profit(or loss) before tax: 107,333 (100,447)
Tax: 0 0
Profit(or loss) for the financial year: 107,333 (100,447)

THE GOOD WASH ENTERPRISE CIC

Balance sheet

As at 31 December 2022

Notes 2022 2021


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 0 4,395
Investments:   0 0
Total fixed assets: 0 4,395
Current assets
Stocks: 4 0 28,151
Debtors: 5 4,875 8,676
Cash at bank and in hand: 20,755 50,427
Investments:   0 0
Total current assets: 25,630 87,254
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 9,103 ) ( 53,645 )
Net current assets (liabilities): 16,527 33,609
Total assets less current liabilities: 16,527 38,004
Creditors: amounts falling due after more than one year: 7 ( 17,814 ) ( 166,536 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (1,287) (128,532)
Members' funds
Profit and loss account: (1,287) ( 128,532)
Total members' funds: ( 1,287) (128,532)

The notes form part of these financial statements

THE GOOD WASH ENTERPRISE CIC

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 8 December 2023
and signed on behalf of the board by:

Name: Mandy Powell
Status: Director

The notes form part of these financial statements

THE GOOD WASH ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:Reducing balance (%)Plant and machinery 25

    Other accounting policies

    Stocks policyStocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete)

THE GOOD WASH ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 3 0

THE GOOD WASH ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 0 5,836 0 1,748 0 7,584
Additions 0 0 0 0 0 0
Disposals 0 ( 5,836 ) 0 ( 1,748 ) 0 ( 7,584 )
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 December 2022 0 0 0 0 0 0
Depreciation
At 1 January 2022 0 2,606 0 583 0 3,189
Charge for year 0 0 0 0 0 0
On disposals 0 ( 2,606 ) 0 ( 583 ) 0 ( 3,189 )
Other adjustments 0 0 0 0 0 0
At 31 December 2022 0 0 0 0 0 0
Net book value
At 31 December 2022 0 0 0 0 0 0
At 31 December 2021 0 3,230 0 1,165 0 4,395

THE GOOD WASH ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

2022 2021
£ £
Stocks 0 28,151
Payments on account 0 0
Total 0 28,151

THE GOOD WASH ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
£ £
Trade debtors 4,875 8,656
Prepayments and accrued income 0 20
Other debtors 0 0
Total 4,875 8,676
Debtors due after more than one year: 0 0

THE GOOD WASH ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 2,000 41,580
Taxation and social security 1,922 11,466
Accruals and deferred income 0 599
Other creditors 5,181 0
Total 9,103 53,645

THE GOOD WASH ENTERPRISE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 0 146,624
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 17,814 19,912
Total 17,814 166,536

COMMUNITY INTEREST ANNUAL REPORT

THE GOOD WASH ENTERPRISE CIC

Company Number: 11445167 (England and Wales)

Year Ending: 31 December 2022

Company activities and impact

Outcome 1 Donations made to life change projectsMeasurements: £10000k to 5 local projects including the development and design of a good community held in Barri South Wales over a 9 month period to support mental health post Covid. Supported local women and girls at risk of homelessness via product donations. Supported a local rescue dogs charity and a local charity that improved employability skills of young people. Donations also made from Sports wash products to local projects that supported young people into sport from local deprived areas i.e Port Talbot.Outcome 2 Money spent with Welsh business during 2022Measurements: Supporting and Partnering 10 Welsh Businesses with some form of social impact. Over £80k spent with local Welsh Business. Supporting local employment with 7 new part time previously unemployed staff members and training from local communities includingthose with disabilities and farthest away from employment.Disability employment case study.Outcome 3 Increased Volunteering hours. Measurements 202 recorded hours by volunteers during 2022. Including Sports refereeing at community project, soap making, beach clean at Whitmore Bay Barry and Park run stewarding. 95% of volunteers reported feeling that they are making a difference, adequately supported and engaged in meaningful activities.Outcome 4 Jobs created on National living wage or above.7 new P/T roles created and skills developed locally at Goodsheds. Measurement we are living wage employer supporting flexible working and rewards for staff. Goodwash aim to pay slightly above living wage for all PAYE staff.Outcome 5 Improved mental health and well beingCombined staff and local community projects recorded with 90% of people reporting some form of mental health improvement (Quality of Life questionnaire, Short Form)Outcome 6 Improvements in general waste and recycling.We took part in Welsh Government carbon emissions project and came out in top 8 Welsh businesses for reducing carbon reduction. We are also fully preparing for a b corp status. We have reduced single use plastic 60% of customers either refilling in store or order online. We have continued our landfill reduction project with the South Wales fire service to reduce decommissioned fire hose going to landfill in Wales. We have increased our zero waste offering to beard, shampoo, and soap bars.Outcome 7 Any unexpected outcomes. None

Consultation with stakeholders

The Goodwash Enterpirse CIC is governed by a board of directors that meet quarterly. We have links with 5 local charities in Wales that improve the lives of animals and people in local communities. We have close links and are members of Social Enterprise UK and Welsh Council of Voluntary Services

Directors' remuneration

The director received a salary of £37,500.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
8 December 2023

And signed on behalf of the board by:
Name: Mandy Powell
Status: Director