FOUNDATION OF COLOURS CIC

Company limited by guarantee

Company Registration Number:
13851660 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 17 January 2022

End date: 31 January 2023

FOUNDATION OF COLOURS CIC

Contents of the Financial Statements

for the Period Ended 31 January 2023

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

FOUNDATION OF COLOURS CIC

Directors' report period ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Directors

The directors shown below have held office during the whole of the period from
17 January 2022 to 31 January 2023

Kathryn Griffiths
Tadeja Jere Jakulin
Kathryn Roberts
Elaine Stephenson


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
25 September 2023

And signed on behalf of the board by:
Name: Kathryn Griffiths
Status: Director

FOUNDATION OF COLOURS CIC

Profit And Loss Account

for the Period Ended 31 January 2023

2023


£
Turnover: 1,144
Gross profit(or loss): 1,144
Administrative expenses: ( 952 )
Operating profit(or loss): 192
Profit(or loss) before tax: 192
Tax: ( 36 )
Profit(or loss) for the financial year: 156

FOUNDATION OF COLOURS CIC

Balance sheet

As at 31 January 2023

Notes 2023


£
Current assets
Cash at bank and in hand: 3,342
Total current assets: 3,342
Creditors: amounts falling due within one year: 3 ( 3,186 )
Net current assets (liabilities): 156
Total assets less current liabilities: 156
Total net assets (liabilities): 156
Members' funds
Profit and loss account: 156
Total members' funds: 156

The notes form part of these financial statements

FOUNDATION OF COLOURS CIC

Balance sheet statements

For the year ending 31 January 2023 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 25 September 2023
and signed on behalf of the board by:

Name: Kathryn Griffiths
Status: Director

The notes form part of these financial statements

FOUNDATION OF COLOURS CIC

Notes to the Financial Statements

for the Period Ended 31 January 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

    Other accounting policies

    The principal accounting policies adopted in the preparation of the financial statements are set out below and have beenconsistently applied within the same accounts.Basis of preparationThe accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.Presentation currencyThe accounts are presented in £ sterling.

FOUNDATION OF COLOURS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023
    Average number of employees during the period 4

FOUNDATION OF COLOURS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Creditors: amounts falling due within one year note

2023
£
Taxation and social security 36
Accruals and deferred income 150
Other creditors 3,000
Total 3,186

COMMUNITY INTEREST ANNUAL REPORT

FOUNDATION OF COLOURS CIC

Company Number: 13851660 (England and Wales)

Year Ending: 31 January 2023

Company activities and impact

The foundation exists to provide education and share research on working with colour to colour mirrors practitioners and teachers, coaches/counsellors/psychotherapists who are interested in working with colour, leaders/ teams who are interested in working with colour for personal development.In our first year, we have undertaken the following activities for the benefit of the community: -Created and published a website to promote colour research and to help us to market our activities and share colour research references. -We designed a pre and post survey for participants in a colour journey to research the effects of working with colour. The topline results of our first piece of research were presented to members of the colour mirrors community. -We delivered a webinar on water consciousness providing research and historical information.

Consultation with stakeholders

Our stakeholders are the community of colour mirrors practitioners and teachers as well as others who work with colour therapy in their work as leaders, coaches, counsellors and psychotherapists. We consulted with our stakeholders during our launch webinar on water consciousness where we facilitated discussion groups and gained interest from people who were interested in colour research.In Sep 2023 we met with a small group of our key stakeholders (13) and explored with them what the Foundation could offer them. There was interest in the Foundation offering a form of peer supervision going forwards: a space for other CM teachers as they grow their practice

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
2 October 2023

And signed on behalf of the board by:
Name: Elaine Stephens
Status: Director