THE CHANGE CONSORTIUM C.I.C.

Company limited by guarantee

Company Registration Number:
07422755 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

THE CHANGE CONSORTIUM C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

THE CHANGE CONSORTIUM C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 2,500 20,902
Gross profit(or loss): 2,500 20,902
Administrative expenses: ( 47,088 ) ( 43,651 )
Other operating income: 46,904 23,000
Operating profit(or loss): 2,316 251
Profit(or loss) before tax: 2,316 251
Tax: ( 463 ) ( 50 )
Profit(or loss) for the financial year: 1,853 201

THE CHANGE CONSORTIUM C.I.C.

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,299 0
Total fixed assets: 2,299 0
Current assets
Debtors: 4 384
Cash at bank and in hand: 2,000 25,025
Total current assets: 2,000 25,409
Creditors: amounts falling due within one year: 5 ( 854 ) ( 23,817 )
Net current assets (liabilities): 1,146 1,592
Total assets less current liabilities: 3,445 1,592
Total net assets (liabilities): 3,445 1,592
Members' funds
Profit and loss account: 3,445 1,592
Total members' funds: 3,445 1,592

The notes form part of these financial statements

THE CHANGE CONSORTIUM C.I.C.

Balance sheet statements

For the year ending 31 October 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 3 December 2024
and signed on behalf of the board by:

Name: Peter John Davies
Status: Director

The notes form part of these financial statements

THE CHANGE CONSORTIUM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 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

THE CHANGE CONSORTIUM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

THE CHANGE CONSORTIUM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 0 0
Additions 2,299 2,299
Disposals
Revaluations
Transfers
At 31 October 2024 2,299 2,299
Depreciation
At 1 November 2023 0 0
Charge for year 0 0
On disposals
Other adjustments
At 31 October 2024 0 0
Net book value
At 31 October 2024 2,299 2,299
At 31 October 2023 0 0

THE CHANGE CONSORTIUM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
£ £
Trade debtors 384
Total   384

THE CHANGE CONSORTIUM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 391
Taxation and social security 463 50
Accruals and deferred income 23,767
Total 854 23,817

COMMUNITY INTEREST ANNUAL REPORT

THE CHANGE CONSORTIUM C.I.C.

Company Number: 07422755 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The Change Consortium has continued to work on developing effective, efficient and sustainable products and programmes to help long term unemployed people regain confidence through coaching, education and support, enabling them to return to the work place, or at least be better equipped to do so. The organisation also works with local organisations to arrange work placements, work experience through volunteering and also employs people directly when opportunities arise. During this financial period to October 2024 we have also been working with local providers to improve the offers available for the global majority community through specific initiatives involving Orchestral and Choral projects, as well as improving health ( mental and physical) through other exciting and innovative products that are in high demand after the initial trials. These new projects are available throughout the area where there are high levels of depravation and unemployment and are visibly helping with people's development, fitness and wellbeing.

Consultation with stakeholders

Consultation had been difficult throughout Covid but good links had been maintained with all stakeholders and post Covid saw more investment in new projects and new initiatives with new stakeholders. The organisation works hard to meet the objectives of stakeholders and provide the best possible joint initiatives, drawing on the expertise of all involved.

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
3 December 2024

And signed on behalf of the board by:
Name: Peter John Davies
Status: Director