THE SPEARHEAD RECOVERY CIC

Company Registration Number:
13670789 (England and Wales)

Unaudited statutory accounts for the year ended 20 October 2023

Period of accounts

Start date: 21 October 2022

End date: 20 October 2023

THE SPEARHEAD RECOVERY CIC

Contents of the Financial Statements

for the Period Ended 20 October 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE SPEARHEAD RECOVERY CIC

Directors' report period ended 20 October 2023

The directors present their report with the financial statements of the company for the period ended 20 October 2023

Principal activities of the company

The Spearhead Recovery CIC, known as The Spearhead Foundation has conducted 122 events for the veteran and emergency services community. It has also impacted a wider 200 families who were suffering due to the cost of living crisis where the majority of these families had young children. Additionally thanks to sponsors we were also able to provide over 500 homeless people with winter warm kit and food this year. We also put volunteers through training such as FREC 3, safeguarding children and adults, mental health first aid and barista training. The organisation moved away from the more common ran CICs and began its transition to a charity by appointing trustees, more than one bank account authorised person and relaunched itself to be more accessible. This helped us to make smoother decisions and build stronger relationships with organisations whom we consider a good valuable fit. This approach also minimises any mistakes or accusations.

Additional information

Some additional information we wanted to provide was of things which are outlined on our website but need to be made clearer and some issues which were out of our control from COVID which has finally reached a conclusion: Chernobyl – As mentioned in 2022 the foundation was meant to conduct a rally to Chernobyl back in November 2021 which was cancelled due to covid and the reschedule unachievable due to the full-scale invasion. As mentioned in our 2022 impact report, the first rounds of the refunds were received in April 2022 and in October the last was meant to be. ATOL got involved and eventually in 2023 following court action in the end of 2022 we successfully reclaimed all of the funds lost – These funds were paid to those who were owed bar two people who unfortunately were uncontactable due to blocking the organisation and them not understanding our hands were tied. The foundation at the time couldn’t have just paid them the funds and waited for the courts to refund. This was outlined at point of booking too. These funds of these two people will remain in our reserve fund until December 2024 where if they remain unclaimed will be donated towards our activities. Ukraine – The foundation reserves the right outlined in its website to use the funds donated and equipment donated to go to whom we choose. The foundation chose to not provide certain types of equipment to particularly people in 2022/early 2023 due to those people consistently being intoxicated and abusing drugs, this led to these people losing their visas. The foundation can’t be seen to be supporting such antics. The equipment meant for them was issued to HALO TRUST and Tip of the spear mine removal.



Directors

The director shown below has held office during the whole of the period from
21 October 2022 to 20 October 2023

Spearhead Community Trustees


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
20 June 2024

And signed on behalf of the board by:
Name: Spearhead Community Trustees
Status: Director

THE SPEARHEAD RECOVERY CIC

Balance sheet

As at 20 October 2023

Notes 2023 2022


£

£
Called up share capital not paid: 100 100
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 22,000 22,000
Total fixed assets: 22,000 22,000
Current assets
Stocks: 4 10 10
Debtors: 5 2,200 2,200
Cash at bank and in hand: 32,988 32,988
Investments: 6 61,000 61,000
Total current assets: 96,198 96,198
Prepayments and accrued income: 58,584 58,584
Creditors: amounts falling due within one year: 7 ( 5 ) ( 5 )
Net current assets (liabilities): 154,777 154,777
Total assets less current liabilities: 176,877 176,877
Creditors: amounts falling due after more than one year: 8 ( 6,500 ) ( 6,500 )
Provision for liabilities: ( 19,800 ) ( 19,800 )
Accruals and deferred income: ( 1,300 ) ( 1,300 )
Total net assets (liabilities): 149,277 149,277
Capital and reserves
Called up share capital: 1 1
Share premium account: 149,276 149,276
Other reserves: 0 0
Profit and loss account: 0 0
Total Shareholders' funds: 149,277 149,277

The notes form part of these financial statements

THE SPEARHEAD RECOVERY CIC

Balance sheet statements

For the year ending 20 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 June 2024
and signed on behalf of the board by:

Name: Spearhead Community Trustees
Status: Director

The notes form part of these financial statements

THE SPEARHEAD RECOVERY CIC

Notes to the Financial Statements

for the Period Ended 20 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

    Other accounting policies

    The Spearhead Recovery CIC operates an account abroad in Ukraine, this is calculated separately however combined for the period on companies house. The UK only accounts including spend can be found on our website.

THE SPEARHEAD RECOVERY CIC

Notes to the Financial Statements

for the Period Ended 20 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

THE SPEARHEAD RECOVERY CIC

Notes to the Financial Statements

for the Period Ended 20 October 2023

3. Fixed assets investments note

One Mercedes Vito Van One Nissan Pathfinder One Nissan Navara Four Desks Four Apple Mac Computers Desktop types

THE SPEARHEAD RECOVERY CIC

Notes to the Financial Statements

for the Period Ended 20 October 2023

4. Stocks

2023 2022
£ £
Stocks 10 10
Total 10 10

THE SPEARHEAD RECOVERY CIC

Notes to the Financial Statements

for the Period Ended 20 October 2023

5. Debtors

2023 2022
£ £
Trade debtors 2,200 2,200
Total 2,200 2,200

THE SPEARHEAD RECOVERY CIC

Notes to the Financial Statements

for the Period Ended 20 October 2023

6. Current assets investments note

Assets are listed on our website under governance documents. Only thing not included is our assets in Ukraine which are: Two Toyota Land Cruisers One Opel Zafira Eight Sets of PPE

THE SPEARHEAD RECOVERY CIC

Notes to the Financial Statements

for the Period Ended 20 October 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 5 5
Total 5 5

THE SPEARHEAD RECOVERY CIC

Notes to the Financial Statements

for the Period Ended 20 October 2023

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

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 6,500 6,500
Total 6,500 6,500

COMMUNITY INTEREST ANNUAL REPORT

THE SPEARHEAD RECOVERY CIC

Company Number: 13670789 (England and Wales)

Year Ending: 20 October 2023

Company activities and impact

During 2023, The Spearhead Foundation has conducted events across the North West of England. It has proudly supported humanitarian operations globally also. The veterans programme we provide at The Spearhead Foundation works with both veterans and serving members of the armed forces community but also emergency workers and the families of those serving/veterans and emergency workers. In 2023 the foundation worked directly with 344 veterans, 23 NHS workers, 7 firefighters and 11 police officers across 122 events along with additional user events which can be found on our website where we break these down even further. The Spearhead Foundations humanitarian arm has supported Ukraine, Syria and Turkey this year with more than £150,000 has been spent on Ukraine, Turkey/Syria. It has provided lifesaving treatment, evacuations, search and rescue and training and equipment. They will be a new tab on our website for a full impact report on our Specialist Rescue Team but for now here is just some of the impact we have had: In January we supplied when Turkey and Syria experienced earthquakes the quick reaction of The Spearhead Foundation seen us deploy over £50,000 of donated aid through the Turkish Consulate and partner forces in Syria. The aid sent included 120 sleeping systems, 58 individual aid packages, and 75 full trauma bags. We also provided advice and guidance to search teams in Turkey. In Ukraine – The full-scale invasion by 2023 was entering its full first year, team members D and C had clocked up some serious mileage in Ukraine from Lviv, Kyiv during the siege, Bucha, Irpin, Odesa, Kharkiv, Kramatorsk, Soledar and Bahkmut. In total the two operators had spent the best part of nine months on the line. They were awarded for their bravery and support by the Ukrainian government in early 2023 with D retiring from Ukraine and supplying training in the UK to cops and firefighters. The foundation has since provided further training to Ukrainians in the UK for training and continue to work with the Ukrainian government and health minister providing direct support to hospitals along the zero-line holding the only NGO contract of this kind in the country. Additional to the humanitarian work and veteran and emergency workers events the foundation ran some special smaller programmes where we got those attending our events involved in fundraising, packaging and delivering these programme. On one programme we got assistance from Greater Manchester Fire and Rescue Service. These programmes were to assist the homeless in Manchester which seen us give out 550 homeless packs which consisted of food and warm kit. We also had a Christmas hamper programme for those with low income who couldn't afford to provide presents for their children. In this programme we supported 200 families.

Consultation with stakeholders

No consultation with stakeholders

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
20 June 2024

And signed on behalf of the board by:
Name: Spearhead Community Trustees
Status: Director