The Good Cocoa Bean
Charity Number SC053139
Unaudited Financial Statements for the period ended 28 February 2025
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The Good Cocoa Bean
Trustee report for the period ended 28 February 2025
Good Cocoa Bean is a Scottish SCIO transforming cocoa sourcing through principled trade. We empower Ghana’s smallholder farmers with fair prices, sustainable farming, and education to eradicate child labour, while reinvesting profits into community-led development in Ghana and Scotland. This deliberate shift from business-as-usual creates a circular economy rooted in transparency, fairness, and generational impact.
We purchase organic and fairtrade cocoa beans from smallhold farmers in Ghana at a fair price and resell them in the UK. This means that the farmers and their families directly benefit from fair trading and are able to use this additional household income to ensure that their children are able to attend school and not be involved in child labour.
In our inception year we have continued to build the networks necessary to both develop our education programme in Scotland to raise awareness of child labour and to develop our relationships with the small hold cocoa farmers in Ghana.
Our main project this year was working with a partner organisation in Scotland and facilitating a group of volunteers to go to Ghana to learn and work along side the small hold cocoa farmers. At the same time they renovated a school and refurbished a Community & Learning center which will deliver VET training for those who have left school without any formal qualifications.
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The Good Cocoa Bean
----- Start of picture text -----
||||
|---|---|---|
|Statement of Financial activities|
|Unrestricted|Total Funds|
|Funds|2025|
|£'s|£'s|
|Income|
|Grants and donations|-|-|
|Income from Trading Activities|5,973|5,973|
|Total Income|5,973|5,973|
|Expenditure|
|Cost of Sales|-|-|
|Administration|256|256|
|-|-|
|Depreciation|
|Total Expenditure|256|256|
|Total funds brought/carried forward|5,717|5,717|
----- End of picture text -----
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The Good Cocoa Bean
Balance Sheet as at 28 February 2025
| Fixed Assets Tangible fixed Assets |
Unrestricted Funds Total Funds 2025 £ - - |
|---|---|
| Total Fixed Assets | - - |
| Current Assets | |
| Debtors | 5,851 5,851 |
| Cash at bank and in hand | - - |
| Liabilities Creditors Amounts falling due within on year Net Current Assets |
5,851 5,851 134 134 134 134 5,717 5,717 |
| The funds of the charity | |
| Unrestricted Income funds | 5,717 5,717 |
| Total Charity Funds | 5,717 5,717 |
Approved by the trustee on 30 October 2025 and signed on their behalf by:
Director:
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The Good Cocoa Bean
Examiner’s Report to the Trustees of The Good Cocoa Bean
I report on the accounts of the charity for the year ended 28 February 2025 which are set out on pages 3 to 4.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention
- Which gives me reasonable cause to believe that in any material respect the requirements: ▪ to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations ▪ to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name: CAT/IAB Address: Performance Business Services Ltd 5 Raasay Gardens Newton Mearns Glasgow G77 6TH Date: 30 October 2025
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