FULCRUM RECOVERY PROJECT C.I.C.

Company limited by guarantee

Company Registration Number:
10946455 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

FULCRUM RECOVERY PROJECT C.I.C.

Contents of the Financial Statements

for the Period Ended 30 September 2023

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

FULCRUM RECOVERY PROJECT C.I.C.

Directors' report period ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal activities of the company

The principal activities of the company during the period were the provision of support to individuals in thecity of Coventry suffering from the results of addiction and substance abuse.



Directors

The directors shown below have held office during the whole of the period from
1 October 2022 to 30 September 2023

Christian Glasson
Jarrod Large


The director shown below has held office during the period of
1 October 2022 to 21 January 2023

Jean Henderson


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
19 April 2024

And signed on behalf of the board by:
Name: Jarrod Large
Status: Director

FULCRUM RECOVERY PROJECT C.I.C.

Profit And Loss Account

for the Period Ended 30 September 2023

2023 2022


£

£
Turnover: 39,810 33,082
Cost of sales: ( 9,416 ) ( 10,261 )
Gross profit(or loss): 30,394 22,821
Distribution costs: 0 0
Administrative expenses: ( 28,892 ) ( 26,353 )
Other operating income: 0 0
Operating profit(or loss): 1,502 (3,532)
Interest receivable and similar income: 0 0
Profit(or loss) before tax: 1,502 (3,532)
Tax: 0 0
Profit(or loss) for the financial year: 1,502 (3,532)

FULCRUM RECOVERY PROJECT C.I.C.

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 8,037 6,058
Investments:   0 0
Total current assets: 8,037 6,058
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 9,474 ) ( 9,007 )
Net current assets (liabilities): (1,437) (2,949)
Total assets less current liabilities: (1,437) ( 2,949)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (1,437) (2,949)
Members' funds
Profit and loss account: (1,437) ( 2,949)
Total members' funds: ( 1,437) (2,949)

The notes form part of these financial statements

FULCRUM RECOVERY PROJECT C.I.C.

Balance sheet statements

For the year ending 30 September 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 19 April 2024
and signed on behalf of the board by:

Name: Jarrod Large
Status: Director

The notes form part of these financial statements

FULCRUM RECOVERY PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 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

    The turnover shown in the surplus & deficit account represents revenue earned during the period, exclusive ofVAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in orderto write off each asset over its estimated useful life.Freehold buildings 2% on cost or revalued amounts, Plant and machinery 15% on cost, Fixtures and fittings10% on cost, Motor vehicles 20% on cost. No depreciation is provided on freehold land

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to writeoff the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years.Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of anasset may not be fully recoverable.

    Valuation information and policy

    Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making dueallowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriateproportion of fixed and variable overheads.

FULCRUM RECOVERY PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

FULCRUM RECOVERY PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 495 480
Other creditors 8,979 8,527
Total 9,474 9,007

FULCRUM RECOVERY PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Loans to directors

Name of director receiving advance or credit: Jarrod Large
Description of the transaction:
Director Loan
£
Balance at 30 September 2022 8,527
Advances or credits made: 452
Advances or credits repaid:
Balance at 30 September 2023 8,979

COMMUNITY INTEREST ANNUAL REPORT

FULCRUM RECOVERY PROJECT C.I.C.

Company Number: 10946455 (England and Wales)

Year Ending: 30 September 2023

Company activities and impact

Fulcrum Recovery Project opened to accept residents in Jan 2020, in the second year of operation we have had 7 residents in total. All residents managed to remain abstinent from drugs and alcohol during residency, two moved on to alternative accommodation and 2 stayed the full term and moved back into independent living seeking employment, with two still residing at the property and are doing very well in their progress. We have contacted numerous rehabs around the UK and have established a good relationship with Oakwood prison to arrange for resettlement plans for their inmates. We have also contacted the local probation services and are awaiting a response. We continue to house and help people recover from substance misuse problems and related issues.In our 3rd year of operation we have had another 5 residents come through our service. 3 have successfully progressed back into independent living and the workforce, 2 have not. We continue to assist people in finding long term sustained recovery from alcohol and substance misuse issues.

Consultation with stakeholders

We continuing to solidify links with all stakeholders who may have a vested interest in the project. Our stakeholders are. -Detox/Rehabilitation clinics -Substance/alcohol misuse agencies -Doctors -Probation services -Prisons -Mutual aid recovery groups -Acute trust and mental health trust

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
19 April 2024

And signed on behalf of the board by:
Name: Jarrod Large
Status: Director