FINANCE OTHERWISE C.I.C.

Company limited by guarantee

Company Registration Number:
08152023 (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

FINANCE OTHERWISE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

FINANCE OTHERWISE C.I.C.

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

The principal activity of the company is to provide short-term interest free personal loans although none were made in the year ended 31 July 2024.



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

Leslie Barson
Helen White
Edward Hardy


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
24 March 2025

And signed on behalf of the board by:
Name: Leslie Barson
Status: Director

FINANCE OTHERWISE C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 344 ) ( 122 )
Other operating income: 0 0
Operating profit(or loss): (344) (122)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (344) (122)
Tax: 0 0
Profit(or loss) for the financial year: (344) (122)

FINANCE OTHERWISE C.I.C.

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 231 575
Investments:   0 0
Total current assets: 231 575
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 231 575
Total assets less current liabilities: 231 575
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 231 575
Members' funds
Profit and loss account: 231 575
Total members' funds: 231 575

The notes form part of these financial statements

FINANCE OTHERWISE 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 24 March 2025
and signed on behalf of the board by:

Name: Leslie Barson
Status: Director

The notes form part of these financial statements

FINANCE OTHERWISE 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

    Other accounting policies

    Basis for preparation The financial statements have been prepared under the historical cost convention and in accordance with the provisions of FRS102 and the Companies Act 2006. The financial statements are prepared on a going concern basis. Incoming resources Donations are included in incoming resources in the period in which they are received. All income is included gross, without the netting off of expenditure. The company has no employees. All administration and other duties are wholly performed by the directors and volunteers. The company is in correspondence with HMRC re the tax liability.

FINANCE OTHERWISE 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 0 0

COMMUNITY INTEREST ANNUAL REPORT

FINANCE OTHERWISE C.I.C.

Company Number: 08152023 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The principal activity of the company is to provide short-term interest free personal loans although none were made in the year ended 31 July 2024.

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
24 March 2025

And signed on behalf of the board by:
Name: Leslie Barson
Status: Director