FND.CHANGE C.I.C.

Company limited by guarantee

Company Registration Number:
13244008 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

FND.CHANGE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

FND.CHANGE C.I.C.

Directors' report period ended 31 March 2024

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

Directors

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

Jay Arnold
Andrew Shelton
Freddie Hipkiss


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
27 September 2024

And signed on behalf of the board by:
Name: Jay Arnold
Status: Director

FND.CHANGE C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 67,330 43,478
Cost of sales: ( 5,543 ) ( 4,999 )
Gross profit(or loss): 61,787 38,479
Distribution costs: ( 59,432 ) ( 22,894 )
Administrative expenses: ( 11,307 ) ( 6,399 )
Operating profit(or loss): (8,952) 9,186
Profit(or loss) before tax: (8,952) 9,186
Profit(or loss) for the financial year: (8,952) 9,186

FND.CHANGE C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 417 0
Tangible assets: 4 1,835 2,593
Investments:   0 0
Total fixed assets: 2,252 2,593
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 28,769 19,954
Investments:   0 0
Total current assets: 28,769 19,954
Prepayments and accrued income: 690 631
Creditors: amounts falling due within one year: 5 ( 13,497 ) ( 7,862 )
Net current assets (liabilities): 15,962 12,723
Total assets less current liabilities: 18,214 15,316
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 30,000 ) ( 18,150 )
Total net assets (liabilities): (11,786) (2,834)
Members' funds
Profit and loss account: (11,786) ( 2,834)
Total members' funds: ( 11,786) (2,834)

The notes form part of these financial statements

FND.CHANGE C.I.C.

Balance sheet statements

For the year ending 31 March 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 27 September 2024
and signed on behalf of the board by:

Name: Jay Arnold
Status: Director

The notes form part of these financial statements

FND.CHANGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 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

    Tangible fixed assets depreciation policy

    Tangible Assets These are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: Fixtures & Fittings 20% Computer & Equipment 33.33% Buildings 10.%

    Intangible fixed assets amortisation policy

    Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on their following bases: Website & Branding 20%

FND.CHANGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

FND.CHANGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2023 0 0
Additions 500 500
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 March 2024 500 500
Amortisation
At 1 April 2023 0 0
Charge for year 83 83
On disposals 0 0
Other adjustments 0 0
At 31 March 2024 83 83
Net book value
At 31 March 2024 417 417
At 31 March 2023 0 0

FND.CHANGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,456 0 510 1,534 0 3,500
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 March 2024 1,456 0 510 1,534 0 3,500
Depreciation
At 1 April 2023 218 0 83 606 0 907
Charge for year 146 0 101 511 0 758
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 March 2024 364 0 184 1,117 0 1,665
Net book value
At 31 March 2024 1,092 0 326 417 0 1,835
At 31 March 2023 1,238 0 427 928 0 2,593

FND.CHANGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 271 336
Other creditors 13,226 7,526
Total 13,497 7,862

COMMUNITY INTEREST ANNUAL REPORT

FND.CHANGE C.I.C.

Company Number: 13244008 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Foundation 2 change is contracted for 7 years by BSMHFT to deliver rehabilitation to prisoners in the last 3 months of sentence, our program has achieved high impact working from rehab to community & we believe by implementing within the criminal justice system we can break the revolving door cycle & improve our communities. Foundation 2 change was established in 2019 after delivering a pilot program to HMP Birmingham which had great success, resulting in a contract in 2022. Over the last 2 years we have implemented many structures to improve forward motion of the people we serve which has resulted in amazing outcomes. We have implemented a community model that enables us to maintain the trust & repour already achieved within HMP Birmingham facilitating continuity of care by our organization. Within this smooth transition we can offer ongoing support & rehabilitation. For some clients our 8-week rehabilitation program has not been enough, with our partnerships we have facilitated direct pathways into rehabilitation units across the country giving our clients another 3 months of intense therapy in rehab when they leave prison. Building partnerships has been a fundamental piece of work for foundation 2 change as the power of WE, is so important to the people we serve, within this we have built strong partnerships with rehabs, housing, work & training, education & organizations offering volunteering to maintain forward motion within the person-centered care plan. We have been very fortunate to see long lasting change within this client group, from addict to productive member of society.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £50,000 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
27 September 2024

And signed on behalf of the board by:
Name: Jay Arnold
Status: Director