I CAN DO THAT! COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
07647982 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

I CAN DO THAT! COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

I CAN DO THAT! COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 42,731 17,145
Investments:   0 0
Total fixed assets: 42,731 17,145
Current assets
Debtors: 4 46,355 44,427
Cash at bank and in hand: 73,565 110,232
Total current assets: 119,920 154,659
Creditors: amounts falling due within one year: 5 ( 48,690 ) ( 41,927 )
Net current assets (liabilities): 71,230 112,732
Total assets less current liabilities: 113,961 129,877
Creditors: amounts falling due after more than one year: 6 ( 13,357 ) ( 23,357 )
Total net assets (liabilities): 100,604 106,520
Members' funds
Profit and loss account: 100,604 106,520
Total members' funds: 100,604 106,520

The notes form part of these financial statements

I CAN DO THAT! COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 May 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 February 2025
and signed on behalf of the board by:

Name: Amanda Moss
Status: Director

The notes form part of these financial statements

I CAN DO THAT! COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 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

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and Machinery 4 Years Straight Line Motor Vehicles 20% Reducing Balance Fixtures and Fittings 4 Years Straight Line

I CAN DO THAT! COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 11 7

I CAN DO THAT! COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 35,287 2,754 0 14,250 52,291
Additions 1,521 1,550 32,279 35,350
Disposals
Revaluations
Transfers
At 31 May 2024 36,808 4,304 0 46,529 87,641
Depreciation
At 1 June 2023 32,003 1,243 0 1,900 35,146
Charge for year 3,205 850 5,709 9,764
On disposals
Other adjustments
At 31 May 2024 35,208 2,093 0 7,609 44,910
Net book value
At 31 May 2024 1,600 2,211 0 38,920 42,731
At 31 May 2023 3,284 1,511 0 12,350 17,145

I CAN DO THAT! COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 1,077 14,889
Other debtors 45,278 29,538
Total 46,355 44,427

I CAN DO THAT! COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 10,810 10,810
Taxation and social security 0 7,341
Accruals and deferred income 37,880 18,767
Other creditors 0 5,009
Total 48,690 41,927

I CAN DO THAT! COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

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

2024 2023
£ £
Bank loans and overdrafts 13,357 23,357
Total 13,357 23,357

COMMUNITY INTEREST ANNUAL REPORT

I CAN DO THAT! COMMUNITY INTEREST COMPANY

Company Number: 07647982 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

ICDT have delivered numerous projects to assist the local community to improve their lives and progress towards employment or education. These activities include 1:1 mentoring in all aspects of life on an individual basis. Projects have been a mixture of grant funded and contractual, working with various grant funders, DWP contracts and funding, local authority contracts and funding. We have improved confidence and motivation, maintained or improved mental health and progressed customers into employment, self-employment, education, voluntary work and sustainable housing. We became a CMA debt advice centre to support the work we do and have 5 debt trained mentors. Our customer groups are mainly referred to us via the DWP or the Torbay Community Helpline. One of our directors has also taken the role of the Torbay VCSE representative on the ASC Sub Scrutiny Board (Torbay Council) and the current chair of the Torbay Health & Wellbeing Network to impact at a strategic level in Torbay.

Consultation with stakeholders

We have Matrix accreditation which requires us to gain feedback form customers and use that feedback to inform future services or change existing services. This is built into all our service offers. We attend community networking meetings with VCSE companies locally to ensure we are working collaboratively and reducing duplication of services. We consult funding and contractual stakeholders regularly to ensure we are delivering services in the intended manner for which the funding was given.

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
27 February 2025

And signed on behalf of the board by:
Name: Amanda Moss
Status: Director