CHANGING HANDS C.I.C.

Company limited by guarantee

Company Registration Number:
12726217 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

CHANGING HANDS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

CHANGING HANDS C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£
£
Turnover: 29,383 22,684
Cost of sales: ( 33,837 ) ( 10,027 )
Gross profit(or loss): (4,454) 12,657
Operating profit(or loss): (4,454) 12,657
Profit(or loss) before tax: (4,454) 12,657
Profit(or loss) for the financial year: (4,454) 12,657

CHANGING HANDS C.I.C.

Balance sheet

As at 31 July 2024

Notes 2024 2023


£
£
Fixed assets
Tangible assets: 3 2,000 2,000
Total fixed assets: 2,000 2,000
Current assets
Cash at bank and in hand: 3,009 1,836
Total current assets: 3,009 1,836
Net current assets (liabilities): 3,009 1,836
Total assets less current liabilities: 5,009 3,836
Creditors: amounts falling due after more than one year: 4 ( 4,454 ) ( 4,754 )
Total net assets (liabilities): 555 (918)
Members' funds
Profit and loss account: 555 ( 918)
Total members' funds: 555 (918)

The notes form part of these financial statements

CHANGING HANDS C.I.C.

Balance sheet statements

For the year ending 31 July 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 7 April 2025
and signed on behalf of the board by:

Name: Sarah Hobson
Status: Director

The notes form part of these financial statements

CHANGING HANDS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 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

CHANGING HANDS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

CHANGING HANDS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 2,000 2,000
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 2,000 2,000
Depreciation
At 1 August 2023
Charge for year
On disposals
Other adjustments
At 31 July 2024
Net book value
At 31 July 2024 2,000 2,000
At 31 July 2023 2,000 2,000

CHANGING HANDS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 4,454 4,754
Total 4,454 4,754

COMMUNITY INTEREST ANNUAL REPORT

CHANGING HANDS C.I.C.

Company Number: 12726217 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Through our community shop we have been able to continue to raise money and acquire donations to continue our food project, demand for which has continued to grow. We are now issuing in excess of 10 food parcels per week to families in need and at least 3 emergency food parcels per week. We continue to work closely with our local homeless shelter, providing surplus food and providing small essential household items for those moving into their own accommodation. We have continued to organise monthly markets in the village, which encourage business and shoppers into the area and improve the community. We have worked with a local college to provide work experience placements for SEN students.

Consultation with stakeholders

No consultation with stakeholders

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
7 April 2025

And signed on behalf of the board by:
Name: Sarah Hobson
Status: Director