FREED UP CIC

Company limited by guarantee

Company Registration Number:
SC779020 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2025

Period of accounts

Start date: 1 September 2024

End date: 31 August 2025

FREED UP CIC

Contents of the Financial Statements

for the Period Ended 31 August 2025

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

FREED UP CIC

Directors' report period ended 31 August 2025

The directors present their report with the financial statements of the company for the period ended 31 August 2025

Directors

The directors shown below have held office during the whole of the period from
1 September 2024 to 31 August 2025

Donna Boyd
Dawn Izat
Michelle Harness
Gillian Anne Manuel Boyd


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
1 July 2026

And signed on behalf of the board by:
Name: Donna Boyd
Status: Director

FREED UP CIC

Profit And Loss Account

for the Period Ended 31 August 2025

2025 13 months to 31 August 2024


£

£
Turnover: 112,393 36,861
Cost of sales: ( 46,199 ) ( 8,276 )
Gross profit(or loss): 66,194 28,585
Distribution costs: ( 39,572 ) ( 14,060 )
Administrative expenses: ( 15,244 ) ( 5,435 )
Operating profit(or loss): 11,378 9,090
Profit(or loss) before tax: 11,378 9,090
Tax: ( 4,220 )
Profit(or loss) for the financial year: 7,158 9,090

FREED UP CIC

Balance sheet

As at 31 August 2025

Notes 2025 13 months to 31 August 2024


£

£
Fixed assets
Tangible assets: 3 596 923
Total fixed assets: 596 923
Current assets
Cash at bank and in hand: 39,110 23,015
Total current assets: 39,110 23,015
Creditors: amounts falling due within one year: 4 ( 7,958 ) ( 3,348 )
Net current assets (liabilities): 31,152 19,667
Total assets less current liabilities: 31,748 20,590
Creditors: amounts falling due after more than one year: 5 ( 15,500 ) ( 11,500 )
Total net assets (liabilities): 16,248 9,090
Members' funds
Profit and loss account: 16,248 9,090
Total members' funds: 16,248 9,090

The notes form part of these financial statements

FREED UP CIC

Balance sheet statements

For the year ending 31 August 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 1 July 2026
and signed on behalf of the board by:

Name: Donna Boyd
Status: Director

The notes form part of these financial statements

FREED UP CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

FREED UP CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 2. Employees

    2025 13 months to 31 August 2024
    Average number of employees during the period 1 1

FREED UP CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2024 923 923
Additions
Disposals
Revaluations
Transfers
At 31 August 2025 923 923
Depreciation
At 1 September 2024 0 0
Charge for year
On disposals
Other adjustments 327 327
At 31 August 2025 327 327
Net book value
At 31 August 2025 596 596
At 31 August 2024 923 923

FREED UP CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

4. Creditors: amounts falling due within one year note

2025 13 months to 31 August 2024
£ £
Bank loans and overdrafts 0 0
Accruals and deferred income 7,958 3,348
Total 7,958 3,348

FREED UP CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

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

2025 13 months to 31 August 2024
£ £
Bank loans and overdrafts 0 0
Other creditors 15,500 11,500
Total 15,500 11,500

COMMUNITY INTEREST ANNUAL REPORT

FREED UP CIC

Company Number: SC779020 (Scotland)

Year Ending: 31 August 2025

Company activities and impact

Freed Up CIC exists to improve the health, wellbeing and social inclusion of people affected by alcohol and drug use through creativity, music, community participation and recovery-focused opportunities. During the financial year, the company delivered a range of alcohol-free community events, creative workshops and volunteering opportunities that reduced social isolation, increased confidence and helped people build meaningful connections within their communities. Our activities provided safe, inclusive spaces where people in recovery, their families and the wider public could come together, reducing stigma and promoting positive recovery. We worked in partnership with recovery organisations, community groups and public sector partners to extend our reach and maximise impact. Participants were supported to develop new creative skills, gain practical experience, build confidence and progress into volunteering, education, employment and community leadership opportunities. Our work also created platforms for people with lived experience to share their stories through music, radio, film and public events, helping to challenge stereotypes surrounding addiction and demonstrate that recovery is visible, achievable and valuable. By involving people with lived experience in the design and delivery of our activities, we ensured that our programmes remained relevant, accessible and community-led. Through collaboration and community engagement, Freed Up CIC has continued to strengthen local recovery networks, promote wellbeing and contribute to healthier, more connected communities across Glasgow and beyond.

Consultation with stakeholders

Freed Up CIC regularly consults with a wide range of stakeholders to ensure our activities remain responsive to community needs and deliver meaningful impact. Our stakeholders include people with lived experience of alcohol and drug use, participants, volunteers, artists, partner organisations, recovery communities, local community groups, funders, Glasgow Alcohol and Drug Partnership, Glasgow Health and Social Care Partnership, Sunny Govan Community Radio and other organisations working across the recovery sector. Consultation takes place through participant and volunteer feedback forms, informal discussions at events and workshops, planning meetings, partnership meetings, steering and reference groups, and ongoing engagement with community partners. We encourage participants and volunteers to shape the development of our activities by sharing their experiences, identifying unmet needs and suggesting improvements. Feedback received during the financial year influenced the development of our programme, including expanding opportunities for creative workshops, increasing volunteering and progression pathways, developing additional alcohol-free social events, and strengthening partnerships to improve accessibility and reach. Stakeholder feedback also informed improvements to event delivery, communications and participant support, ensuring that our activities remain community-led and responsive to the needs of those we serve. Freed Up CIC is committed to co-production and values the voices of people with lived experience, recognising them as central to the planning, delivery and continuous improvement of our work.

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
1 July 2026

And signed on behalf of the board by:
Name: Donna Boyd
Status: Director