for the Period Ended 31 August 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 August 2024
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 September 2023
to
31 August 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Administrative expenses: |
(
|
(
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Operating profit(or loss): |
( |
( |
Profit(or loss) before tax: |
( |
( |
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
---|---|---|---|
|
£ |
£ |
|
Creditors: amounts falling due within one year: | 3 |
(
|
(
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Net current assets (liabilities): |
( |
( |
|
Total assets less current liabilities: |
( |
( |
|
Creditors: amounts falling due after more than one year: | 4 |
(
|
(
|
Total net assets (liabilities): |
( |
( |
|
Members' funds | |||
Profit and loss account: |
( |
( |
|
Total members' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2024
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 August 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 August 2024
2024 | 2023 | |
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£ | £ | |
Other creditors |
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Total |
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for the Period Ended 31 August 2024
2024 | 2023 | |
---|---|---|
£ | £ | |
Other creditors |
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Total |
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The purpose of the Foundation is to help tackle financial exclusion in the UK. The Inclusion Foundation runs three core services: The Inclusion SignPost – an accreditation service to test, monitor and accredit financially inclusive institutions offering inclusive financial services to the public SignpostNow – a free product comparison to help consumers find the product and service that best suits their need for financial services The Inclusion Academy – an education and thought leadership programme for payment account providers, consumers and government. This includes thought leadership initiatives to help consumers understand financial products and services, as well as materials for industry and government to understand the needs of the excluded and to help accelerate the production of financially inclusive products and services. Activities that have benefitted the community in the last year are: 1 Financial Inclusion quarterly meetings with Chair of the Payment Systems Regulator 2 1st Nov 2023, Leeds - Incuto Impact and Innovation in the Community Finance Sector Conference - “FinTech for Good” Showcase – chaired the Impact and Innovation in the Credit Union sector focus 3 19th March 2024, London – Chairing the Community Finance Roundtable at Pay360 conference 4 20th May, London – Guest of the CSJ - Parliamentary Reception: Future Financial Health: Building a Financially Inclusive Britain with keynote speaker, the Economic Secretary to the Treasury, Bim Afolami MP 5 March - July 2024 – “Redefining Community Finance” Whitepaper production – focused on innovation in the Credit Union sector 6 Monthly Advisory Board participation with UKFIN+ - bridging the gap between Academia and fintech in social good projects - https://ukfin.network/advisory-board/ 7 National Payments Vision - representing the consumer of fintech
The foundation has a board of directors who meet quarterly at board meetings. The foundation also has an extended Executive Committee, which includes the Board members. This Executive Committee meets monthly to review the activities of the three primary workstreams of the Founda-tion (The Inclusion Signpost, SignpostNow and The Inclusion Academy). Board Neil Harris Sarah Harris Jos Henson-Gric (Product) Angela Yore (Marcom) Carl Packman (Fund raising) Executive Committee Committee who consult with messaging, fund raising, members of the Committee are: Thomas Connelly (Secretary) Tony Craddock (The Payments Association) David Parker (Polymath Consulting) Mark Davison (Manifesto)
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
18 November 2024
And signed on behalf of the board by:
Name: Neil Harris
Status: Director