C.A.R.E. CFE

Company limited by guarantee

Company Registration Number:
06759213 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

C.A.R.E. CFE

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

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Directors' report period ended 30 November 2023

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

Principal activities of the company

The principal activity of the company continues to be provision of Support and Housing for homeless persons , BAME, LGBTQ, Homeless persons, Victims of domestic violence, Refugees, people suffering from mental health, individuals recovering from misuse of substances and many others within the community that fall under vulverable groups



Directors

The director shown below has held office during the whole of the period from
1 December 2022 to 30 November 2023

Dorine Nakuti


Secretary Ruth Deacon

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 August 2024

And signed on behalf of the board by:
Name: Dorine Nakuti
Status: Director

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Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 1,473,415 1,655,626
Cost of sales: ( 978,486 ) ( 608,168 )
Gross profit(or loss): 494,929 1,047,458
Administrative expenses: ( 499,453 ) ( 1,050,727 )
Other operating income: 24,429 0
Operating profit(or loss): 19,905 (3,269)
Profit(or loss) before tax: 19,905 (3,269)
Tax: ( 6,445 )
Profit(or loss) for the financial year: 13,460 (3,269)

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Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 18,976 28,973
Total fixed assets: 18,976 28,973
Current assets
Debtors: 4 242,086 142,193
Cash at bank and in hand: 22,046
Total current assets: 242,086 164,239
Creditors: amounts falling due within one year: 5 ( 157,129 ) ( 43,900 )
Net current assets (liabilities): 84,957 120,339
Total assets less current liabilities: 103,933 149,312
Creditors: amounts falling due after more than one year: 6 ( 75,672 ) ( 60,957 )
Total net assets (liabilities): 28,261 88,355
Members' funds
Profit and loss account: 28,261 88,355
Total members' funds: 28,261 88,355

The notes form part of these financial statements

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Balance sheet statements

For the year ending 30 November 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 August 2024
and signed on behalf of the board by:

Name: Dorine Nakuti
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 30 November 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 and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company’s activities described below. Rendering of services The company provides quality shelter and accommodation for vulnerable persons in conjunction with Councils within its catchment area. The company recognises revenue on the provision of services in the reporting period in which the services are rendered by reference to the units ocuupied at the end of the reporting period. The status of service is determined on the basis of the actual occupation of the property for a proportion of the total services period. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

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Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 8 10

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Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 113,068 49,545 128,514 291,127
Additions 3,490 528 4,018
Disposals
Revaluations
Transfers
At 30 November 2023 116,558 50,073 128,514 295,145
Depreciation
At 1 December 2022 102,110 49,541 110,503 262,154
Charge for year 4,678 645 8,692 14,015
On disposals
Other adjustments 113 113 0
At 30 November 2023 106,901 50,073 119,195 276,169
Net book value
At 30 November 2023 9,657 0 9,319 18,976
At 30 November 2022 10,958 4 18,011 28,973

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Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Trade debtors 242,086 142,193
Total 242,086 142,193

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Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 157,129 43,900
Total 157,129 43,900

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Notes to the Financial Statements

for the Period Ended 30 November 2023

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

2023 2022
£ £
Bank loans and overdrafts 29,923 34,742
Amounts due under finance leases and hire purchase contracts 44,449 24,915
Other creditors 1,300 1,300
Total 75,672 60,957