FOUNDATION OF COLOURS CIC

Company limited by guarantee

Company Registration Number:
13851660 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

FOUNDATION OF COLOURS CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

FOUNDATION OF COLOURS CIC

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Kathryn Griffiths
Tadeja Jere Jakulin
Kathryn Roberts
Elaine Stephens


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
6 September 2024

And signed on behalf of the board by:
Name: Kathryn Griffiths
Status: Director

FOUNDATION OF COLOURS CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 0 1,144
Cost of sales: 0 0
Gross profit(or loss): 0 1,144
Administrative expenses: ( 236 ) ( 952 )
Operating profit(or loss): (236) 192
Profit(or loss) before tax: (236) 192
Tax: 36 ( 36 )
Profit(or loss) for the financial year: (200) 156

FOUNDATION OF COLOURS CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Debtors: 3 36
Cash at bank and in hand: 3,070 3,342
Total current assets: 3,106 3,342
Creditors: amounts falling due within one year: 4 ( 3,150 ) ( 3,186 )
Net current assets (liabilities): (44) 156
Total assets less current liabilities: (44) 156
Total net assets (liabilities): (44) 156
Members' funds
Profit and loss account: (44) 156
Total members' funds: ( 44) 156

The notes form part of these financial statements

FOUNDATION OF COLOURS CIC

Balance sheet statements

For the year ending 31 January 2024 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 6 September 2024
and signed on behalf of the board by:

Name: Kathryn Griffiths
Status: Director

The notes form part of these financial statements

FOUNDATION OF COLOURS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 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

    Accounting policies The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling.

FOUNDATION OF COLOURS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

FOUNDATION OF COLOURS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Debtors

2024 2023
£ £
Other debtors 36
Total 36

FOUNDATION OF COLOURS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 36
Accruals and deferred income 150 150
Other creditors 3,000 3,000
Total 3,150 3,186

COMMUNITY INTEREST ANNUAL REPORT

FOUNDATION OF COLOURS CIC

Company Number: 13851660 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

This was a quieter year in terms of activities. The Foundation applied to offer a colour session to London coaches but the application was unsuccessful. The 3 UK based directors met in May 2023 to decide how to take the Foundation forward and it was agreed that Kate Griffiths and Kath Roberts were best placed to do this because they had more availability. The main project was to revise their book Colourful Boardrooms which explains how colour works and to publish the second edition in December 2023 under the guise of the Foundation, The new edition of their took over 6 months to produce. They also decided to have a soft launch for the second edition by producing a podcast Colourful Conversations which was also published under the banner of the Foundation. They met in January 2024 to record the first three episodes of the series.

Consultation with stakeholders

In September 2023 three of the Directors went to South Africa to do some training. Whilst they were there they met with some of their stakeholders, other teachers within the Colour Mirrors system. They consulted with them as to what would be a helpful role for the Foundation. The key finding was to provide some kind of peer support for colour teachers as they develop their offerings. An online whatsapp group was set up as part of an informal peer support process and there have been calls quarterly to ensure support.

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
23 September 2024

And signed on behalf of the board by:
Name: Kathryn Griffiths
Status: Director