WHAT'S YOUR PROBLEM C.I.C.

Company limited by guarantee

Company Registration Number:
09911803 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

WHAT'S YOUR PROBLEM C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

WHAT'S YOUR PROBLEM C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£
£
Turnover: 78,921 67,383
Cost of sales: ( 121,622 ) ( 108,196 )
Gross profit(or loss): (42,701) (40,813)
Administrative expenses: ( 53,853 ) ( 43,061 )
Other operating income: 85,838 86,796
Operating profit(or loss): (10,716) 2,922
Profit(or loss) before tax: (10,716) 2,922
Tax: ( 444 )
Profit(or loss) for the financial year: (10,716) 2,478

WHAT'S YOUR PROBLEM C.I.C.

Balance sheet

As at 31 December 2024

Notes 2024 2023


£
£
Fixed assets
Tangible assets: 3 5,199 4,539
Total fixed assets: 5,199 4,539
Current assets
Cash at bank and in hand: 30,932 42,273
Total current assets: 30,932 42,273
Creditors: amounts falling due within one year: 4 ( 9,881 ) ( 6,839 )
Net current assets (liabilities): 21,051 35,434
Total assets less current liabilities: 26,250 39,973
Creditors: amounts falling due after more than one year: 5 ( 42,294 ) ( 45,301 )
Accruals and deferred income: ( 300 ) ( 300 )
Total net assets (liabilities): (16,344) (5,628)
Members' funds
Profit and loss account: (16,344) ( 5,628)
Total members' funds: ( 16,344) (5,628)

The notes form part of these financial statements

WHAT'S YOUR PROBLEM C.I.C.

Balance sheet statements

For the year ending 31 December 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 September 2025
and signed on behalf of the board by:

Name: Angie Manning
Status: Director

The notes form part of these financial statements

WHAT'S YOUR PROBLEM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant and machinery 25% reducing balance

WHAT'S YOUR PROBLEM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 4

WHAT'S YOUR PROBLEM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 8,069 8,069
Additions 2,393 2,393
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 December 2024 10,462 10,462
Depreciation
At 1 January 2024 3,530 3,530
Charge for year 1,733 1,733
On disposals 0 0
Other adjustments 0 0
At 31 December 2024 5,263 5,263
Net book value
At 31 December 2024 5,199 5,199
At 31 December 2023 4,539 4,539

WHAT'S YOUR PROBLEM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 3,000 3,000
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 444
Accruals and deferred income 0 0
Other creditors 6,881 3,395
Total 9,881 6,839

WHAT'S YOUR PROBLEM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

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

2024 2023
£ £
Bank loans and overdrafts 42,294 45,301
Total 42,294 45,301

COMMUNITY INTEREST ANNUAL REPORT

WHAT'S YOUR PROBLEM C.I.C.

Company Number: 09911803 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

What’s Your Problem was founded in 2015 to offer confidential information, advice, support and practical assistance for individuals and families in the Torbay area. Our vision is for everyone to have equal and fair access to justice and support. Our mission is to empower people to make positive change through the provision of family and emotional support, practical advice and guidance, welfare rights advice and advocacy and access to professional legal advice. The support provided is grant funded or provided at subsidised cost for individuals who can afford to pay a modest fee but cannot afford to privately fund advice and support. Over the past year we have received 1500 requests for support for people who have contacted us directly or been referred to us by other agencies or word of mouth. We have supported people in relation to a range of issues including welfare benefits, housing and family court matters. We have led the Standing Tall Partnership which is a community and voluntary sector partnership of organisations that provides a range of support for people who have experienced domestic abuse and sexual violence in Torbay. We have also supported our local community helpline to respond to requests for support and enable people to access support from our service and also other services at the right time for them through our local information and advice partnership.

Consultation with stakeholders

As part of the Standing Tall Partnership we have held a series of events to consult with our community and worked together to design the partnership, identify gaps in provision and set short and long term goals. We created a new client advisory board to advise the organisation on how we meet the needs in our community.

Directors' remuneration

The Directors salary is specified within page 5 of the accounts and 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
25 September 2025

And signed on behalf of the board by:
Name: Angie Manning
Status: Director