FP RAFT CIC

Company limited by guarantee

Company Registration Number:
09257184 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 November 2023

End date: 31 March 2025

FP RAFT CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

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

FP RAFT CIC

Profit And Loss Account

for the Period Ended 31 March 2025

17 months to 31 March 2025 2023


£

£
Turnover: 16,447 7,024
Gross profit(or loss): 16,447 7,024
Administrative expenses: ( 82,220 ) ( 27,025 )
Other operating income: 197,353 4,307
Operating profit(or loss): 131,580 (15,694)
Profit(or loss) before tax: 131,580 (15,694)
Profit(or loss) for the financial year: 131,580 (15,694)

FP RAFT CIC

Balance sheet

As at 31 March 2025

Notes 17 months to 31 March 2025 2023


£

£
Fixed assets
Tangible assets: 3 18,641 24,854
Total fixed assets: 18,641 24,854
Current assets
Cash at bank and in hand: 168,611 30,393
Total current assets: 168,611 30,393
Creditors: amounts falling due within one year: 4 ( 775 ) ( 350 )
Net current assets (liabilities): 167,836 30,043
Total assets less current liabilities: 186,477 54,897
Total net assets (liabilities): 186,477 54,897
Members' funds
Profit and loss account: 186,477 54,897
Total members' funds: 186,477 54,897

The notes form part of these financial statements

FP RAFT CIC

Balance sheet statements

For the year ending 31 March 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 30 November 2025
and signed on behalf of the board by:

Name: John Ekins
Status: Director

The notes form part of these financial statements

FP RAFT CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis: Office equipment Other fixed assets-- 25% Reducing balance 25% Reducing balance The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date

FP RAFT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    17 months to 31 March 2025 2023
    Average number of employees during the period 0 0

FP RAFT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 44,910 540 45,450
Additions
Disposals
Revaluations
Transfers
At 31 March 2025 44,910 540 45,450
Depreciation
At 1 November 2023 20,075 521 20,596
Charge for year 6,208 5 6,213
On disposals
Other adjustments
At 31 March 2025 26,283 526 26,809
Net book value
At 31 March 2025 18,627 14 18,641
At 31 October 2023 24,835 19 24,854

FP RAFT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Creditors: amounts falling due within one year note

17 months to 31 March 2025 2023
£ £
Accruals and deferred income 775 350
Total 775 350

COMMUNITY INTEREST ANNUAL REPORT

FP RAFT CIC

Company Number: 09257184 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

FP RAFT CIC is in the Ribbleton Ward of Preston (PR1) which is categorised as one of the most deprived areas of England. Our focus is to ensure that our disadvantaged community have access to a wide variety of opportunities that wouldn’t otherwise be available to them. The company runs a food club, a youth club, a later life hub, breakfast cafe, over 50’s friendship club, youth club, provides a safe warm space and provides regular engagement programmes around health and wellbeing, hygiene poverty, the reduction of isolation and loneliness and the reduction of crime and anti-social behaviour. One of our key successes in the 2024/2025 financial year has been our FP RAFT CIC Youth Hub for 11 to 18 year old youths. Our priority has been to strive to make early interventions with our youth to maintain their morale and good behaviour and reduce anti-social behaviour in the Farringdon Park and surrounding local area. Early intervention helps stop youths becoming involved in crime by helping to address their unmet needs and vulnerabilities, reduces peer pressure and promotes positive outcomes. We are discouraging a gang culture from developing by providing positive opportunities within a safe community centre for the youths to participate in. Our aim is to prevent youths from becoming involved in aggressive groups, take them away from a drink and drug culture developing in many communities and therefore reduce the amount of criminal activity such as bullying, graffiti, acts of violence and damage to vehicles and property. So far we have provided 301 hours of activities for our youth hub group. We have promoted the youth hub to over 750 households On average we have 18 youth attending each session In total we have had 1,853 youths attending these sessions We have provided 273 hours of work for our FP RAFT CIC Directors We have provided 446 hours of work for our volunteers We have allocated 39 hours of work to youth volunteers as part of their Duke of Edinburgh awards

Consultation with stakeholders

FP RAFT CIC stakeholders include residents from over 750 local households, Gateway Housing Association, Brockholes Wood Primary School, Lancashire County Council, Preston City Council, Lancashire Constabulary and several medium/small local businesses. Our focus on consultation with stakeholders in the 2024/2025 financial year has been around both our food club and our later life hub. We have held regular monthly open meetings with our residents and stakeholders as a minimum. We asked our elderly residents to set up their own steering group for the later life hub and they started by developing a delivering an FP RAFT CIC questionnaire to 750 households. In meetings we outlined what we wanted to achieve through our later life hub project and asked for feedback. We did this face to face with over 200 residents in attendance and a further 350 hits on our Facebook social media site. The FP RAFT CIC steering group agreed project aims on behalf of the stakeholders. 20 residents came forward to volunteer and help deliver project activities. Feedback received was for FP RAFT CIC to adapt and expand what we currently delivered for our over 50’s friendship club. As a result a number of elderly technical gentlemen organised a cinema club. Our eldest member (age 85 years) organised afternoon tea parties. The resident steering group took the lead in delivering our regular Arts & Craft sessions to mainly elderly disabled residents. Additionally, following feedback about our food club, we created a team of volunteers willing to deliver food parcels to local residents too poorly to come to the community centre. FP RAFT CIC has a communications strategy and utilises a variety of methods to keep the community up to date with what is happening and what is available via the community centre. This includes regular face to face meetings in the community centre, use of our Facebook Group Page, community events, delivering leaflets to over 750 households, use of noticeboards, and actively engaging with stakeholder feedback

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
16 August 2025

And signed on behalf of the board by:
Name: John Ekins
Status: Director