Work for Change Limited - Filleted accounts

Registered number

02862131

Work for Change Limited

Filleted Accounts

31 December 2025

Work for Change Limited
Registered number:		02862131
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		22,428			2,688

Current assets
Debtors	4	5,487			6,876
Investments held as current assets	5	21,500			21,500
Cash at bank and in hand		366,015			380,289
		393,002			408,665

Creditors: amounts falling due within one year	6	(24,217)			(13,981)

Net current assets			368,785			394,684

Total assets less current liabilities			391,213			397,372


Provisions for liabilities
Deferred taxation			(339)			(447)

Net assets			390,874			396,925

Capital and reserves
Profit and loss account			390,874			396,925

Members' funds			390,874			396,925

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Tamsin Drury
Director
Approved by the board on 1 June 2026

Work for Change Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			20% straight line
	Fixtures, fittings, tools and equipment			10%-20% straight line
	Leasehold improvements			33% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
		Land & property leasehold		Fixtures, fittings & equipment		Leasehold improvements		Total
£			£		£		£
	Cost
	At 1 January 2025	3,942		67,904		1,780		73,626
	Additions	-		-		30,813		30,813
	At 31 December 2025	3,942		67,904		32,593		104,439

	Depreciation
	At 1 January 2025	3,479		65,679		1,780		70,938
	Charge for the year	232		570		10,271		11,073
	At 31 December 2025	3,711		66,249		12,051		82,011

	Net book value
	At 31 December 2025	231		1,655		20,542		22,428
	At 31 December 2024	463		2,225		-		2,688


4	Debtors					2025		2024
£							£

	Trade debtors					715		2,489
	Other debtors					4,772		4,387
						5,487		6,876


5	Investments held as current assets					2025		2024
£							£
	Fair value
	Unlisted investments					21,500		21,500

	The investment consists of two investments in Ecotricity Bonds Plc bonds.
	Ecobond 2 - £6,500 The bond was issued in units of £500, and since December 16 2015, Ecotricity Bonds plc has been able to prepay any or all of the bonds at any time, and Work for Change to redeem the bond on 6 months’ notice on the anniversary of that date. Interest is payable at 2.99%.
	Ecobond 3 - £15,000 The bond was issued in units of £500, and since December 16 2020, Ecotricity Bonds plc has been able to prepay any or all of the bonds at any time, and Work for Change to redeem the bond on 6 months’ notice on the anniversary of that date. Interest is payable at 2.74%. This investment has been classified as a current asset investment because the 16/12/21 date has been passed.
	At the date of approving these accounts the company had no intention of giving notice to redeem the bonds, and Ecotricity Bonds plc had not exercised its right to prepay any amounts.


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					8,469		2,861
	Taxation and social security costs					1,683		645
	Other creditors					1,349		800
	Deposits					12,716		9,675
						24,217		13,981


7	Other financial commitments
	The company has a twenty three year lease for the Old Birley Street premises that will renew in March 2026. The lease provides that, effective of each anniversary of the Term Commencement date, the base rent shall increase by 3% of the then current base-rent.
	The total of future minimum lease payments under non-cancellable operating leases are as follows:
						Land and buildings
						2025		2024
£							£
	Within 1 year					22,106		27,540
	Between 1 and 5 years					85,555		6,885
	More than 5 years					548,504
						656,165		34,425


8	Other information

	Work for Change Limited is a private company, limited by guarantee and incorporated in England. Its registered office is:
	3 Corkland Road
	Manchester
	M21 8UP