JESSE'S PLACE FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
13056877 (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

JESSE'S PLACE FOUNDATION CIC

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

JESSE'S PLACE FOUNDATION CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 18,509 25,329
Cost of sales: ( 13,646 ) ( 23,235 )
Gross profit(or loss): 4,863 2,094
Administrative expenses: ( 16,895 ) ( 25,497 )
Other operating income: 14,643 20,382
Operating profit(or loss): 2,611 (3,021)
Profit(or loss) before tax: 2,611 (3,021)
Profit(or loss) for the financial year: 2,611 (3,021)

JESSE'S PLACE FOUNDATION CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 544 1,255
Total fixed assets: 544 1,255
Current assets
Cash at bank and in hand: 9,135 23,597
Total current assets: 9,135 23,597
Creditors: amounts falling due within one year: 4 ( 11,675 ) ( 27,575 )
Net current assets (liabilities): (2,540) (3,978)
Total assets less current liabilities: (1,996) ( 2,723)
Total net assets (liabilities): (1,996) (2,723)
Members' funds
Profit and loss account: (1,996) ( 2,723)
Total members' funds: ( 1,996) (2,723)

The notes form part of these financial statements

JESSE'S PLACE FOUNDATION CIC

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 30 October 2025
and signed on behalf of the board by:

Name: FOLARIN-OGUNDE,Felicia Olusola Yejide
Status: Director

The notes form part of these financial statements

JESSE'S PLACE FOUNDATION CIC

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

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer & Office Equipment - 33% straight line

JESSE'S PLACE FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 12 14

JESSE'S PLACE FOUNDATION CIC

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 2,166 2,166
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 2,166 2,166
Depreciation
At 1 January 2024 911 911
Charge for year 711 711
On disposals
Other adjustments
At 31 December 2024 1,622 1,622
Net book value
At 31 December 2024 544 544
At 31 December 2023 1,255 1,255

JESSE'S PLACE FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 765 1,505
Other creditors 10,910 26,070
Total 11,675 27,575

COMMUNITY INTEREST ANNUAL REPORT

JESSE'S PLACE FOUNDATION CIC

Company Number: 13056877 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

The company's activities includes the delivery of "active play" sessions for children and young people between the ages of 8 and 25 years old with Special Education Needs and Disabilities (SEND) encouraging them to be active. The "Active Play" activities of the CIC includes use oflarge multipurpose indoor and outdoor areas, stimulating games and skill building activities to provide enrichment and entertainment activities for these children and young persons. During the year under review, the company also collaborated with the boroughs/councils to deliver the Dad's Support program, to continue to address mental well-being challenges which families face through bespoke well-being sessions run by qualified experts.

Consultation with stakeholders

The company's stakeholders are parents, children and young persons served during the various play sessions arranged and delivered regularly, especially those located in Bexley and Greenwich and surrounding areas. The directors of the company have interacted actively and consistently in different engagement forums for many years previously and currently, and they continue to engage and manage stakeholders during the company's operating activities.

Directors' remuneration

The total amount paid to directors in respect of qualifying services during the period was £6,100

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 October 2025

And signed on behalf of the board by:
Name: FOLARIN-OGUNDE,Felicia Olusola Yejide
Status: Director