50-50 SYNC CIC

Company limited by guarantee

Company Registration Number:
07865156 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

50-50 SYNC CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

50-50 SYNC CIC

Directors' report period ended 30 November 2024

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

Principal activities of the company

Educational Services



Directors

The director shown below has held office during the whole of the period from
1 December 2023 to 30 November 2024

Rod Douglas


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
25 July 2025

And signed on behalf of the board by:
Name: Rod Douglas
Status: Director

50-50 SYNC CIC

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 108,410 23,545
Gross profit(or loss): 108,410 23,545
Operating profit(or loss): 108,410 23,545
Profit(or loss) before tax: 108,410 23,545
Profit(or loss) for the financial year: 108,410 23,545

50-50 SYNC CIC

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 4,793 43,401
Total current assets: 4,793 43,401
Creditors: amounts falling due within one year: 3 ( 2,741 ) ( 33,961 )
Net current assets (liabilities): 2,052 9,440
Total assets less current liabilities: 2,052 9,440
Creditors: amounts falling due after more than one year: 4 ( 16,133 ) ( 16,133 )
Total net assets (liabilities): (14,081) (6,693)
Members' funds
Profit and loss account: (14,081) ( 6,693)
Total members' funds: ( 14,081) (6,693)

The notes form part of these financial statements

50-50 SYNC CIC

Balance sheet statements

For the year ending 30 November 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 27 July 2025
and signed on behalf of the board by:

Name: Rod Douglas
Status: Director

The notes form part of these financial statements

50-50 SYNC CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

50-50 SYNC CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 5

50-50 SYNC CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 2,741 33,961
Total 2,741 33,961

50-50 SYNC CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

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

2024 2023
£ £
Other creditors 16,133 16,133
Total 16,133 16,133

COMMUNITY INTEREST ANNUAL REPORT

50-50 SYNC CIC

Company Number: 07865156 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. In the financial year 2023-24 50-50 Sync has provided a targeted response with specific aims and objectives to address ‘pupil engagement’ issues at both ends of the scale: those children in school settings and those children missing in education. The company provided skill-based interventions which cultivate ‘work ready mindsets. It has assessed the needs of the child through six mechanisms of change which impact employability capabilities to support all children and young people to engage in education and develop employability skills to enhance their life outcomes. This year, 50-50 SYNC supported young people who had difficulties re-engaging in their education via our new remote support programme and home visits. Through video conferencing technology and our 50-50 LAB app, it provided a network of support to the young person, their family and tutors/teachers. It has benefited young people across Greater London. 50-50 Sync has worked alongside the council and social workers to re-engage young people into the community. They work with the parents and the young person by regularly communicating with them and providing the necessary support to enable the young person to access education and social clubs. 50-50 SYNC also provided a technology based, character and employment skill-based intervention framework for all pupils they engage with, which included providing training and support for the practitioners, the young people and their parent/carers. The support included weekly reports around behaviour management and personal development.

Consultation with stakeholders

The company’s Stakeholders are primarily young people and their families. It also includes schools and council services. The directors of the company have worked with young people for over 20 years and have developed systems and programmes to better support their development and engagement. Meetings are held regularly with schools, council and parents to find out what the needs are and how they can be effectively met. Young people and parents are encouraged to give their feedback on sessions and to give their opinion on what went well and what could be improved.

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
20 July 2025

And signed on behalf of the board by:
Name: Rod Douglas
Status: Director