U-TURNSHIPS CIC

Company limited by guarantee

Company Registration Number:
12726695 (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

U-TURNSHIPS CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

U-TURNSHIPS CIC

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

U-TURNSHIPS provides a direct welfare services to vulnerable people focusing on working with young people who have been marginalised by mainstream education and are therefore on the verge of or have been excluded from school. This work also consists of early intervention measures to prevent gang grooming and criminal activity by engaging with the youth through mentorship, whilst encouraging vocational skills and activities that can be used to garner an interest in a specified career path.

Political and charitable donations

The company has no interest in political activities, and therefore does not contribute to or participate in any political activities whatsoever.

Company policy on disabled employees

The organization is open to fair and equitable employment to accommodate application and interest of people living with disabilities.



Directors

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

Georgina Bonsu
Richard Osei Akoto Bonsu
Joseph Adebayo Ojuolape


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 April 2025

And signed on behalf of the board by:
Name: Georgina Bonsu
Status: Director

U-TURNSHIPS CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Administrative expenses: ( 72,681 ) ( 25,253 )
Other operating income: 73,512 25,455
Operating profit(or loss): 831 202
Profit(or loss) before tax: 831 202
Profit(or loss) for the financial year: 831 202

U-TURNSHIPS CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 2,290
Total fixed assets: 0 2,290
Current assets
Cash at bank and in hand: 247 55
Total current assets: 247 55
Creditors: amounts falling due within one year: 4 ( 1,969 )
Net current assets (liabilities): 247 (1,914)
Total assets less current liabilities: 247 376
Creditors: amounts falling due after more than one year: 5 ( 960 )
Total net assets (liabilities): 247 (584)
Members' funds
Profit and loss account: 247 ( 584)
Total members' funds: 247 (584)

The notes form part of these financial statements

U-TURNSHIPS CIC

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 April 2025
and signed on behalf of the board by:

Name: Georgina Bonsu
Status: Director

The notes form part of these financial statements

U-TURNSHIPS CIC

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

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciation Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

    Other accounting policies

    The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling.

U-TURNSHIPS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

U-TURNSHIPS CIC

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 2,290 2,290
Additions
Disposals ( 2,290 ) ( 2,290 )
Revaluations
Transfers
At 31 July 2024 0 0
Depreciation
At 1 August 2023
Charge for year
On disposals
Other adjustments
At 31 July 2024
Net book value
At 31 July 2024 0 0
At 31 July 2023 2,290 2,290

U-TURNSHIPS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

  2023
  £
Trade creditors 1,969
Total   1,969

U-TURNSHIPS CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

  2023
  £
Other creditors 960
Total   960

COMMUNITY INTEREST ANNUAL REPORT

U-TURNSHIPS CIC

Company Number: 12726695 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

U-turnships is a Community Interest company that focuses on working with young people who have been marginalised by mainstream education and are therefore on the verge of or have been excluded from school. The strategic focus of U-turnships is therefore consists of early intervention measures to prevent gang grooming and criminal activity by engaging with the youth through mentorship, whilst encouraging vocational skills and activities that can be used to garner an interest in a specified career path. Through the work we do, we have mentored local youth through music incubator programmes, physical activity with gym sessions, and a half term youth club all of which have been free for them to access. As a result, we have seen significant impact with numbers growing by each session, whilst achieving integration amongst our young people whereby there has previously been a division mainly due to cultural and other differences with referrals from youth offending services, schools and parents who have all experienced the positive impact in the work we do.

Consultation with stakeholders

We have consulted with stakeholders such as the local police as we sit on the Diversity and Inclusion Board for Essex Police and are members of the Thurrock Independent Advisory Group. We are regularly advised us on local issues that are affecting our young people as well as various safeguarding measures in order to keep our young people safe. For example, we have ensured that we do not have conflicting ‘gang members’ present on our site at any time through the intel we receive. We ensure that our documentation is updated yearly which ensures we operate within legal parameters. These include Safeguarding, Risk assessments and Health & Safety. We regularly consult with our young people regarding the kind of activities they would like to partake in, and we ensure that we provide this information in our funding applications, so their voice is heard and we are catering to their needs. This has been the main factor in maintaining engagement and an increase in the number of youth we work with.

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 April 2025

And signed on behalf of the board by:
Name: Georgina Bonsu
Status: Director