FOUNDERS & CODERS C.I.C.

Company limited by guarantee

Company Registration Number:
09408874 (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

FOUNDERS & CODERS C.I.C.

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

FOUNDERS & CODERS C.I.C.

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

Daniel Sofer
Ann Rowland-Campbell


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
22 October 2024

And signed on behalf of the board by:
Name: Daniel Sofer
Status: Director

FOUNDERS & CODERS C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 571,325 337,010
Cost of sales: ( 91,095 ) ( 36,499 )
Gross profit(or loss): 480,230 300,511
Distribution costs: 0 0
Administrative expenses: ( 516,916 ) ( 230,695 )
Other operating income: 2,400 540
Operating profit(or loss): (34,286) 70,356
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 1,577 ) ( 1,310 )
Profit(or loss) before tax: (35,863) 69,046
Tax: 2,714 ( 6,218 )
Profit(or loss) for the financial year: (33,149) 62,828

FOUNDERS & CODERS C.I.C.

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 15,715 7,663
Total fixed assets: 15,715 7,663
Current assets
Debtors: 4 13,709 25,486
Cash at bank and in hand: 76,305 109,809
Total current assets: 90,014 135,295
Creditors: amounts falling due within one year: 5 ( 52,953 ) ( 46,871 )
Net current assets (liabilities): 37,061 88,424
Total assets less current liabilities: 52,776 96,087
Creditors: amounts falling due after more than one year: 6 ( 13,955 ) ( 24,117 )
Total net assets (liabilities): 38,821 71,970
Members' funds
Profit and loss account: 38,821 71,970
Total members' funds: 38,821 71,970

The notes form part of these financial statements

FOUNDERS & CODERS C.I.C.

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 22 October 2024
and signed on behalf of the board by:

Name: Daniel Sofer
Status: Director

The notes form part of these financial statements

FOUNDERS & CODERS C.I.C.

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

FOUNDERS & CODERS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 11 4

FOUNDERS & CODERS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 8,037 8,037
Additions 11,366 11,366
Disposals
Revaluations
Transfers
At 31 January 2024 19,403 19,403
Depreciation
At 1 February 2023 374 374
Charge for year 3,314 3,314
On disposals
Other adjustments
At 31 January 2024 3,688 3,688
Net book value
At 31 January 2024 15,715 15,715
At 31 January 2023 7,663 7,663

FOUNDERS & CODERS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Trade debtors 21,186
Prepayments and accrued income 4,300
Other debtors 13,709
Total 13,709 25,486

FOUNDERS & CODERS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 10,161 9,911
Trade creditors 5,856 6,570
Taxation and social security 16,555 9,797
Accruals and deferred income 1,610 1,050
Other creditors 18,771 19,543
Total 52,953 46,871

FOUNDERS & CODERS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

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

2024 2023
£ £
Bank loans and overdrafts 13,955 24,117
Total 13,955 24,117

COMMUNITY INTEREST ANNUAL REPORT

FOUNDERS & CODERS C.I.C.

Company Number: 09408874 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

The company has been running programmes of study for the general public and providing a place of learning and work for its members since 2014. In the year to January 31st 2024, the company benefited our community in the following ways: - We provided a number of places on Skills Bootcamps for the Department of Education; - 11 Level 4 Software Developer apprentices and 34 Level 7 AI apprentices started their training with us; - We ran a variety of workshops, meetups and training programmes for the general pubic.

Consultation with stakeholders

The company continues to consult with stakeholders, including staff, learners, alumni, employers and local authorities.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £48,000. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for the 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
24 October 2024

And signed on behalf of the board by:
Name: Dan Sofer
Status: Director