REDDO CARE AND SUPPORT C.I.C.

Company Registration Number:
07239001 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

REDDO CARE AND SUPPORT C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

REDDO CARE AND SUPPORT C.I.C.

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The principal activity of the company continued to be that of recruitment services.

Additional information

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Mr George Debbas
Ms Sophie Dobran


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
26 March 2025

And signed on behalf of the board by:
Name: Mr George Debbas
Status: Director

REDDO CARE AND SUPPORT C.I.C.

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 1,301,874 1,319,428
Cost of sales: ( 33,693 ) ( 66,115 )
Gross profit(or loss): 1,268,181 1,253,313
Administrative expenses: ( 1,142,444 ) ( 1,136,152 )
Other operating income: 1,340 879
Operating profit(or loss): 127,077 118,040
Interest payable and similar charges: ( 10,620 ) ( 9,744 )
Profit(or loss) before tax: 116,457 108,296
Tax: ( 27,333 ) ( 22,906 )
Profit(or loss) for the financial year: 89,124 85,390

REDDO CARE AND SUPPORT C.I.C.

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 11,410 13,719
Total fixed assets: 11,410 13,719
Current assets
Debtors: 4 346,294 467,971
Cash at bank and in hand: 125,687 50,301
Total current assets: 471,981 518,272
Creditors: amounts falling due within one year: 5 ( 242,601 ) ( 342,343 )
Net current assets (liabilities): 229,380 175,929
Total assets less current liabilities: 240,790 189,648
Creditors: amounts falling due after more than one year: 6 ( 93,549 ) ( 119,531 )
Total net assets (liabilities): 147,241 70,117
Capital and reserves
Called up share capital: 120 120
Profit and loss account: 147,121 69,997
Total Shareholders' funds: 147,241 70,117

The notes form part of these financial statements

REDDO CARE AND SUPPORT C.I.C.

Balance sheet statements

For the year ending 30 June 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 26 March 2025
and signed on behalf of the board by:

Name: Mr George Debbas
Status: Director

The notes form part of these financial statements

REDDO CARE AND SUPPORT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures, fittings & equipment 25% Reducing balance Computer equipment 33% Straight line Motor vehicles 25% Reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Other accounting policies

    These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

REDDO CARE AND SUPPORT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 33 35

REDDO CARE AND SUPPORT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 2,472 18,193 27,401 48,066
Additions 1,223 1,223
Disposals
Revaluations
Transfers
At 30 June 2024 2,472 19,416 27,401 49,289
Depreciation
At 1 July 2023 2,133 17,336 14,878 34,347
Charge for year 85 316 3,131 3,532
On disposals
Other adjustments
At 30 June 2024 2,218 17,652 18,009 37,879
Net book value
At 30 June 2024 254 1,764 9,392 11,410
At 30 June 2023 339 857 12,523 13,719

REDDO CARE AND SUPPORT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 346,294 382,484
Other debtors 85,487
Total 346,294 467,971

REDDO CARE AND SUPPORT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 27,826 26,439
Trade creditors 86,570
Taxation and social security 163,010 196,380
Other creditors 51,765 32,954
Total 242,601 342,343

REDDO CARE AND SUPPORT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

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

2024 2023
£ £
Bank loans and overdrafts 93,549 119,531
Total 93,549 119,531

COMMUNITY INTEREST ANNUAL REPORT

REDDO CARE AND SUPPORT C.I.C.

Company Number: 07239001 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

From Neglect to Empowerment Another Year of Reddo Supporting Vulnerable Families Reddo, a non-profit organization founded in 20 I 0, has recognized a growing imperative to assist families and individuals grappling with special educational needs and challenging behaviours. Over the years, we’ve discerned a distressing pattern of recurring neglect and abuse permeating generations and local communities. This entrenched cycle stifles community & individual growth, and our mission is to break its hold. Our intervention stands as a cornerstone of community support, aiding local authorities, families, and individuals by fostering an understanding of emotional and mental behaviours. We underscore the importance of family stability and the implementation of systems to address societal lack of operational efficiencies. Collaborating closely with local authorities, we’ve provided vital support to some of our community's most vulnerable members. In the past year alone, Reddo has extended assistance to nearly 400 families and children across 10 boroughs, totalling 40,000 hours of support through 9,600 visits, all thanks to our dedicated team of 70 exemplary staff and carers. Our efforts have centered on empowering parents and foster carers confronted with children exhibiting challenging behaviors, including substance abuse, eating disorders, autism and complex cases. Additionally, we’ve offered logistical aid, such as transportation and educational support. Reddo equips carers with tools and guidance to navigate a variety of demanding circumstances. Notably, our team triumphed in a particularly complex case involving a young individual prone to erratic and harmful behavior. The young individual, when out in the community with his foster carers would run away and touch other people inappropriately. He would also threaten others with dangerous objects wanting to cause harm. Through unwavering dedication and the establishment of trust, we successfully steered the individual away from dangerous actions integrating them into the community and providing much-needed relief to their guardians. Integral to our approach is the seamless integration of individuals into society, safeguarding both their well-being and that of the broader community. We recognize the paramount importance of assisting those with mental health issues or challenging behaviours to prevent harm to themselves or others. Furthermore, our support extends to ensuring uninterrupted education for children facing challenges attending school. By ensuring their safe transit to and from school and aiding them in keeping up with their studies, we bolster their prospects for a successful future while offering crucial assistance to families, and in turn benefiting the wider society. Local authorities and social workers entrust Reddo to navigate both straightforward and intricate cases, ensuring the welfare of children and serving as vigilant extensions of social services. In a recent instance, our trained carer astutely identified signs of mental health issues in a child we were assisting with schooling attendance, prompting additional assessments, and leading to a tailored approach for their reintegration into the community. The work of Reddo is indispensable in fortifying our communities, particularly in the face of mounting challenges, including a surge in special needs cases, dwindling resources, and inadequate investment in support systems. Our guiding principle, "break the cycle of neglect," underscores our commitment to a comprehensive, child-centric approach bolstered by ongoing training, research, and tech enhancements.

Consultation with stakeholders

The company main stakeholder is Sophie Dobran. Sophie is very involved with Reddo and has weekly calls with managers and director. Total dividends of £39,333 were paid out and the remaining profits are reinvested into the company.

Directors' remuneration

The aggregate amount of emoluments paid to directors in respect of qualifying services was £11,538. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 March 2025

And signed on behalf of the board by:
Name: Georges DEBBAS
Status: Director