CHANGE, ACT! CIC

Company limited by guarantee

Company Registration Number:
14069433 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 1 May 2024

End date: 30 April 2025

CHANGE, ACT! CIC

Contents of the Financial Statements

for the Period Ended 30 April 2025

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

CHANGE, ACT! CIC

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Principal activities of the company

The principal activities of the company are to carry on activities for the benefit of the community, including the provision of artistic, theatrical and expressive workshops and training.



Directors

The directors shown below have held office during the whole of the period from
1 May 2024 to 30 April 2025

Paul Formosa
 Charlotte Hailey-Watts
 Harriette Ashcroft

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
22 September 2025

And signed on behalf of the board by:
Name: Paul Formosa
Status: Director

CHANGE, ACT! CIC

Profit And Loss Account

for the Period Ended 30 April 2025

2025 2024


£
£
Turnover: 4,695 6,701
Cost of sales: ( 4,388 ) ( 5,867 )
Gross profit(or loss): 307 834
Distribution costs: 0 0
Administrative expenses: ( 307 ) ( 834 )
Other operating income: 0 0
Operating profit(or loss): 0 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

CHANGE, ACT! CIC

Balance sheet

As at 30 April 2025

Notes 2025 2024


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 0 111
Cash at bank and in hand: 4,294 0
Investments:   0 0
Total current assets: 4,294 111
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 4,183 ) 0
Net current assets (liabilities): 111 111
Total assets less current liabilities: 111 111
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): 111 111
Members' funds
Profit and loss account: 111 111
Total members' funds: 111 111

The notes form part of these financial statements

CHANGE, ACT! CIC

Balance sheet statements

For the year ending 30 April 2025 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 22 September 2025
and signed on behalf of the board by:

Name: Paul Formosa
Status: Director

The notes form part of these financial statements

CHANGE, ACT! CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 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 comprises grants, donations and fees for services; amounts are stated net of VAT where applicable. The company prepares accounts under FRS 102 Section 1A on the accrual basis; income is recognised when receipt is probable and it can be measured reliably.

    Other accounting policies

    Detailed Profit and Loss (supplementary and as per our internal policy to make detailed profit and loss public; not part of the statutory financial statements): Income - LB Islington GBP 1,638.24; LB Hackney GBP 1,000.00; Cripplegate Foundation GBP 3,370.00; Comic Relief GBP 2,461.50; Hackney Halls GBP 464.00; Angel Central GBP 49.58; Eventbrite GBP 4.88; Google GBP 0.18. Total income GBP 8,988.38. Expenditure - Facilitators and delivery GBP 2,961; Venue hire and project costs GBP 1,091; Consumables and small project costs GBP 336; Admin and compliance GBP 307. Total expenditure GBP 4,695. Net cash movement GBP 4,293.68 (agrees to closing bank balance). Other accounting policies: The financial statements are prepared under FRS 102 Section 1A on the historical cost basis; figures are rounded to the nearest pound and the directors consider the going concern basis appropriate. Turnover comprises grants, donations and fees for services and is recognised on the accrual basis when receipt is probable and amounts can be measured reliably; grants with performance or timing conditions are recognised as income as related eligible expenditure is incurred or conditions are met, with amounts received in advance recognised as deferred income within creditors; unrestricted grants and donations are recognised when receivable; fees are recognised when related services are delivered; refunds are generally netted against the related expense. The company holds only basic financial instruments (cash, trade and other payables) measured at amortised cost. Debtors and prepayments are recognised at transaction price less impairment; creditors and accruals are recognised at transaction price and include deferred income where grants are received in advance. Project delivery costs are presented as cost of sales; administration costs are recognised as administrative expenses. The company held no capitalised fixed assets in the year; a capitalisation threshold of GBP 500 applies and future assets will be depreciated on a straight-line basis over their useful lives. No corporation tax charge arises in the year. Related party transactions are disclosed where material; key judgements relate to timing of income recognition for conditional grants and assessment of any impairment of receivables.

CHANGE, ACT! CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 6 6

CHANGE, ACT! CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Debtors

2025 2024
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 111
Total 0 111
Debtors due after more than one year: 0 0

CHANGE, ACT! CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 4,183 0
Other creditors 0 0
Total 4,183 0

CHANGE, ACT! CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

5. Financial Commitments

At the reporting date the company had no capital commitments, no lease or hire purchase commitments, and no non-cancellable contractual obligations. Project delivery funded by deferred income will be undertaken in the next financial year; these awards do not create binding commitments beyond normal cancellable supplier arrangements. Accordingly, no provision is required.

COMMUNITY INTEREST ANNUAL REPORT

CHANGE, ACT! CIC

Company Number: 14069433 (England and Wales)

Year Ending: 30 April 2025

Company activities and impact

We had another successful year and with very modest funding matched by lots of voluntary effort we delivered over 60 hours of applied theatre workshops and community activities which engaged well over 100 people. Over the course of the year we have created over 30 hours of work for 6 people who have been economically inactive for over 5 years. You can find a visual track of what we have done on our Instagram account. We began this financial year with a well attended screening of our legislative theatre play 'This Isn't Even The Worst Day Of My Life' and a panel discussion with some of the plays participants and Cllr Joseph Croft, Mental Health Champion at Islington Council. The riveting discussion is on our Soundcloud. We also started new partnerships this year. We worked with Peter Bedford Housing Association to produce a series of recorded scenes based on in-depth work around peoples experiences of social housing and mental health. We also started work with Peabody Trust and have been very happy for their support in accessing space, publicity, and in particular a new project coming up next year that will take place at Pembury Community Centre in Hackney, this leads on from our Healthy Hackney project where we delivered a series of theatre based creative exercise workshops which were a lot of fun for all. Company member Kim Mouzouros began the process of co-creating her forum play 'The Empty Chair' and we look forward to this coming together for a performance next year. We also say other company members kick start their own projects with support of Islington Councils Community Chest- including Pilar Sanchez, Sarah Hayes, and John Lowe. As we go into into the new financial year we are excited to announce that we have funding in hand from Comic Relief to deliver another round of Inclusive Facilitation through Theatre which will be our first London wide project.

Consultation with stakeholders

We undertook ongoing consultation: Everyone who attended our workshops or activities had the opportunity to provide feedback and consult with us on their experiences and ideas as well as professionals who'd commissioned bespoke workshops with us. For example, we completed a consultation-based evaluation report of our Inclusive Facilitation Through Drama course which took place at Vibast Centre. Feedback was overall very positive and included comments such as: “Paul and Charlotte very welcoming, calm and reassuring throughout course. I enjoyed their positivity and encouragement. Very inspirational and supportive.” We did three further pieces of consultation this year. Firstly, we consulted with 22 Islington residents about what sort of play they would like to make which reflected important issues facing them. We did this through a survey and open to all play-making sessions at Union Chapel. Secondly, we engaged residents in Hackney with our Healthy Hackney survey, which has collected 73 responses and is currently being collated into a report for Hackney Council. Lastly, we undertook consultation with people who have worked with and are part of our company to find out what creative ideas they may like to pursue , which has resulted in 4 people taking forward applied theatre projects with our support.

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
22 September 2025

And signed on behalf of the board by:
Name: Paul Formosa
Status: Director