THE PLAN B AP COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
14272810 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 3 August 2022

End date: 31 August 2023

THE PLAN B AP COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 August 2023

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

THE PLAN B AP COMMUNITY INTEREST COMPANY

Directors' report period ended 31 August 2023

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

Principal activities of the company

The company is a Community Interest Company (CIC). As such, the CIC's activities are outlined in the Community Interest Annual Report that is included within this filing.



Directors

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

John Barry Gillard
Victoria Marie Gillard


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
2 August 2024

And signed on behalf of the board by:
Name: Victoria Marie Gillard
Status: Director

THE PLAN B AP COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 August 2023

13 months to 31 August 2023


£
Turnover: 147,822
Cost of sales: ( 14,187 )
Gross profit(or loss): 133,635
Distribution costs: ( 6,125 )
Administrative expenses: ( 170,159 )
Other operating income: 32,565
Operating profit(or loss): (10,084)
Profit(or loss) before tax: (10,084)
Profit(or loss) for the financial year: (10,084)

THE PLAN B AP COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 August 2023

Notes 13 months to 31 August 2023


£
Fixed assets
Tangible assets: 3 12,422
Total fixed assets: 12,422
Current assets
Debtors: 4 5,748
Cash at bank and in hand: 28,860
Total current assets: 34,608
Creditors: amounts falling due within one year: 5 ( 38,443 )
Net current assets (liabilities): (3,835)
Total assets less current liabilities: 8,587
Creditors: amounts falling due after more than one year: 6 ( 25,000 )
Total net assets (liabilities): (16,413)
Members' funds
Profit and loss account: (16,413)
Total members' funds: ( 16,413)

The notes form part of these financial statements

THE PLAN B AP COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 August 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 2 August 2024
and signed on behalf of the board by:

Name: Victoria Marie Gillard
Status: Director

The notes form part of these financial statements

THE PLAN B AP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.Any grant income, fundraising income or income that is not part of the ordinary business activities of the company has been recorded as Other income, where applicable.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on alltangible fixed assets as follows:- Land and buildings - 25 years- Plant and machinery - 5 years- Fixtures and fittings - 3 years- Vehicles - 10 years- Office Equipment - 3 years

THE PLAN B AP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    13 months to 31 August 2023
    Average number of employees during the period 6

    The number does not include the directors.

THE PLAN B AP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 4,547 6,504 3,770 14,821
Disposals
Revaluations
Transfers
At 31 August 2023 4,547 6,504 3,770 14,821
Depreciation
Charge for year 566 1,589 244 2,399
On disposals
Other adjustments
At 31 August 2023 566 1,589 244 2,399
Net book value
At 31 August 2023 3,981 4,915 3,526 12,422

THE PLAN B AP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

13 months to 31 August 2023
£
Trade debtors 3,965
Other debtors 1,783
Total 5,748

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

THE PLAN B AP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

13 months to 31 August 2023
£
Trade creditors 14,159
Taxation and social security 2,841
Other creditors 21,443
Total 38,443

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

THE PLAN B AP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2023

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

13 months to 31 August 2023
£
Bank loans and overdrafts 25,000
Total 25,000

COMMUNITY INTEREST ANNUAL REPORT

THE PLAN B AP COMMUNITY INTEREST COMPANY

Company Number: 14272810 (England and Wales)

Year Ending: 31 August 2023

Company activities and impact

The Plan B AP CIC (Plan B) operates along the UK's south coast in Gosport, Hampshire. We cover Southampton, Portsmouth, Havant, and the surrounding areas. The organisation's mission is to improve the lives of underprivileged young people between the ages of 10 and 24 who are presently:- not succeeding in, nor engaging with, mainstream education.- at risk of offending or being casualties of wrongdoing by themselves or - Unemployed, education or training.Plan B works with highly experienced, caring, and empathetic staff who play a pivotal role in providing these young people with a sense of belonging. This is achieved through the delivery of vocational education, specifically tailored as a pathway to employability within the diverse local marine industry. The program places a strong emphasis on transferable skills, ensuring that these young individuals not only gain preparation for roles in the marine sector, but also acquire capabilities applicable to various other industries.Moreover, Plan B goes beyond traditional educational approaches by actively supporting core subjects such as Maths and English in the curriculum. This support extends to practical applications in everyday life, emphasising good communication practices and applied applications. Through these efforts, the organisation enhances the students' understanding of core subjects and their relevance, making education more accessible and applicable to real-world challenges.The Plan B vocational education programme empowers the students by offering a concrete path to employment, addressing the challenges of unemployment within this demographic and providing a means to break the cycle of poverty.Plan B’s focus on transferable skills broadens the horizons for the students, increasing their adaptability and enhancing their potential success not only in the marine industry but also in diverse sectors.By supporting core subjects like Maths and English, the program ensures that students receive academic support, fostering a community where education is seen as relevant and accessible.The emphasis on practical applications in everyday life ensures that education becomes a tool for solving real-world challenges, contributing to the community by equipping students with practical skills.The program focuses on developing good communication practices and applied applications, contributing to a community where the students are equipped with interpersonal skills that enhance their potential for success.The overarching vision to support young adults in transitioning into "the real world" holds particular significance for students, offering a comprehensive approach to address challenges beyond education and into their broader life circumstances.In essence, Plan B’s programme not only addresses immediate educational challenges, but also contributes to breaking the cycle of poverty, empowering our students, and fostering a community where education serves as a catalyst for positive change.

Consultation with stakeholders

The company's stakeholders include the directors and the students attending classes and coursesWe have informal meetings on average three times per week, as we meet during the sessions and on the weekend. The CIC always uses feedback and evaluations to inform future ideas.Once every two weeks, a more formal meeting takes place to discuss any existing issues and future plans.

Directors' remuneration

Total directors’ remuneration was £38,661.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
17 November 2023

And signed on behalf of the board by:
Name: Victoria Marie Gillard
Status: Director