JIGSAW RECOVERY PROJECT CIC

Company limited by guarantee

Company Registration Number:
10434463 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

JIGSAW RECOVERY PROJECT CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

JIGSAW RECOVERY PROJECT CIC

Directors' report period ended 31 October 2023

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

Principal activities of the company

The principal activity of the company during the year under review was that of helping at risk people leaving local authority care.



Directors

The director shown below has held office during the whole of the period from
1 November 2022 to 31 October 2023

Terry Nelson


The director shown below has held office during the period of
1 November 2022 to 22 February 2023

Kelly Marie Nelson


The director shown below has held office during the period of
22 February 2023 to 31 October 2023

Sharon Annemarie Irvine


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
30 July 2024

And signed on behalf of the board by:
Name: Terry Nelson
Status: Director

JIGSAW RECOVERY PROJECT CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 1,271,129 1,050,447
Cost of sales: ( 53,044 ) ( 39,102 )
Gross profit(or loss): 1,218,085 1,011,345
Distribution costs: ( 41,215 ) ( 37,066 )
Administrative expenses: ( 1,063,976 ) ( 830,810 )
Other operating income: 20,633 72,802
Operating profit(or loss): 133,527 216,271
Interest receivable and similar income: 265 17
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 133,792 216,288
Tax: ( 29,293 ) ( 38,148 )
Profit(or loss) for the financial year: 104,499 178,140

JIGSAW RECOVERY PROJECT CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 227,710 228,486
Total fixed assets: 227,710 228,486
Current assets
Debtors: 4 318,530 228,882
Cash at bank and in hand: 79,525 86,062
Investments:   0 0
Total current assets: 398,055 314,944
Creditors: amounts falling due within one year: 5 ( 77,031 ) ( 99,195 )
Net current assets (liabilities): 321,024 215,749
Total assets less current liabilities: 548,734 444,235
Total net assets (liabilities): 548,734 444,235
Members' funds
Profit and loss account: 548,734 444,235
Total members' funds: 548,734 444,235

The notes form part of these financial statements

JIGSAW RECOVERY PROJECT CIC

Balance sheet statements

For the year ending 31 October 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 30 July 2024
and signed on behalf of the board by:

Name: Terry Nelson
Status: Director

The notes form part of these financial statements

JIGSAW RECOVERY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 October 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. Turnover is reducedfor estimated customer returns, rebates and other similar allowances.Revenue from the sale of goods is recognised when all the following conditions are satisfied: the Company has transferred to the buyer the significant risks and rewards of ownership of thegoods;the Company retains neither continuing managerial involvement to the degree usually associatedwith ownership nor effective control over the goods sold;the amount of revenue can be measured reliably;it is probable that the economic benefits associated with the transaction will flow to the Company;andthe costs incurred or to be incurred in respect of the transaction can be measured reliably.Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title ispassed.

    Tangible fixed assets depreciation policy

    Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciationand accumulated impairment losses.At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets todetermine whether there is any indication that any items have suffered an impairment loss. If any suchindication exists, the recoverable amount of an asset is estimated in order to determine the extent of theimpairment loss.Depreciation is provided at the following annual rates in order to write off the cost or valuation less theestimated residual value of each asset over its estimated useful life:Plant and machinery 25% Reducing balanceFurniture, fittings andequipment20% Reducing balance

    Other accounting policies

    TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus asreported in the income and expenditure account because of items of income or expense that are taxableor deductible in other years and items that are never taxable or deductible. The Company's liability forcurrent tax is calculated using tax rates that have been enacted or substantively enacted by the end ofthe reporting period.Trade and other debtorsTrade and other debtors are initially recognised at fair value and thereafter stated at amortised costusing the effective interest method, less impairment losses for bad and doubtful debts.Trade and other creditorsShort term creditors are measured at the transaction price. Other financial liabilities, including bankloans, are measured initially at fair value, net of transaction costs, and are measured subsequently atamortised cost using the effective interest method.Defined contribution pensionsThe Company operates a defined contribution plan for its employees. A defined contribution plan is apension plan under which the company pays fixed contributions into a separate entity. Once thecontributions have been paid the company has no further payments obligations.The contributions are recognised as expenses when they fall due. Amounts not paid are shown inaccruals in the balance sheet. The assets of the plan are held separately from the company inindependently administered funds.ProvisionsProvisions are made where an event has taken place that gives the Company a legal or constructiveobligation that probably requires settlement by a transfer of economic benefit, and a reliable estimatecan be made of the amount of the obligation.Provisions are charged as an expense to the income and expenditure account in the year that theCompany becomes aware of the obligation, and are measured at the best estimate at balance sheet dateof the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.When payments are eventually made, they are charged to the provision carried in the balance sheet.

JIGSAW RECOVERY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 22 21

JIGSAW RECOVERY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 191,900 470 64,417 256,787
Additions 8,190 8,190
Disposals
Revaluations
Transfers
At 31 October 2023 191,900 470 72,607 264,977
Depreciation
At 1 November 2022 272 28,029 28,301
Charge for year 50 8,916 8,966
On disposals
Other adjustments
At 31 October 2023 322 36,945 37,267
Net book value
At 31 October 2023 191,900 148 35,662 227,710
At 31 October 2022 191,900 198 36,388 228,486

JIGSAW RECOVERY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 147,720 175,505
Other debtors 170,810 53,377
Total 318,530 228,882

JIGSAW RECOVERY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 45,346 50,693
Accruals and deferred income 31,685 48,502
Total 77,031 99,195

JIGSAW RECOVERY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Loans to directors

Name of director receiving advance or credit: Terry Nelson
Description of the transaction:
Advance
£
Balance at 31 October 2022 361
Advances or credits made: 14,600
Advances or credits repaid: 6,000
Balance at 31 October 2023 8,961

COMMUNITY INTEREST ANNUAL REPORT

JIGSAW RECOVERY PROJECT CIC

Company Number: 10434463 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Jigsaw Recovery Project CIC, runs a project working with young people between the ages of 13 to 25. The young people have multiple and complex needs i.e. offending, homelessness, substance abuse and Mental health issues.We offer a ‘life experience’ engagement using workshops around the impact of crime, employability, substance abuse, social skills and trauma therapy. We work mainly with young people in care.Jigsaw Recovery Project is a safe place for young people to come and learn to be themselves.Jigsaw Recovery Project CIC also deliver semi-independent supported living for care leavers between the ages of 16 – 19 years of age. We work with the young people to get them ready for independent living when they reach the age of 18. This can be carried on until the day of their 19th birthday if there is a greater need for further intensive support.We offer all the above workshops as well as independent living skills i.e. bill paying, cooking on a budget, washing and cleaning, personal hygiene, education and training.Jigsaw Recovery Project CIC also deliver 9 beds for direct access homeless accommodation for adults in partnership with Durham County Council. This accommodation compromises of a 7 bed property based in Consett, county Durham. As well as 3 x 2 bed move on properties within the local area. The provisions help the residents with substance misuse, mental ill health, offending behaviour and building on basic life skills. This is a high need level accommodation setting.Residents also have access to direct contact with a number of employment agencies to build positive life outcomes.Jigsaw Recovery Project CIC work with, somewhere safe to stay (SSTS) this is a 2-bed contract residential dwelling that is set up to support emergency accommodation needs for adults in the County Durham Area. This is 24 / 7 access via phone call on call service for out of hour’s needs.Attached to this provision there is a support element for the individual for move on to suitable long-term accommodation.Jigsaw Recovery Project CIC deliver 117 aftercare mental health housing to those who have been in secure hospital settings and have been readied for living life back in the community. This service is delivered within a forever home and JRP build specific packages for the individual based on the level of support need.

Consultation with stakeholders

The company’s stakeholders are the young people and adults, who use our service. We have monthly consultation/house meetings, and from these meetings we implement improvements or changes if possible. We are a company that is guided by the young people, adults and they have a voice in how we run the company.We ask all stakeholders within care support our teams to feedback into the service and its delivery to enhance the services we deliver on a face to face level.Jigsaw Recovery Project CIC will always strive to deliver the best service possible within budget

Directors' remuneration

The Directors remuneration was;Terry Nelson - £90,999.50Kelly Hardy - £11,658.95 (resigned 22/2/23)Sharon Irvine - £18,500.00 (appointed 22/2/23)A loan of £8,960.94 was made to Terry Nelson and has subsequently been repaid.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 July 2024

And signed on behalf of the board by:
Name: Terry Nelson
Status: Director