ONE FOR THE CITY CIC

Company limited by guarantee

Company Registration Number:
14521675 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2025

Period of accounts

Start date: 1 November 2024

End date: 31 October 2025

ONE FOR THE CITY CIC

Contents of the Financial Statements

for the Period Ended 31 October 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ONE FOR THE CITY CIC

Balance sheet

As at 31 October 2025

Notes 2025 2024


£
£
Current assets
Cash at bank and in hand: 1,846 20,731
Total current assets: 1,846 20,731
Creditors: amounts falling due within one year: 3 ( 2,884 ) ( 17,597 )
Net current assets (liabilities): (1,038) 3,134
Total assets less current liabilities: (1,038) 3,134
Total net assets (liabilities): (1,038) 3,134
Members' funds
Profit and loss account: (1,038) 3,134
Total members' funds: ( 1,038) 3,134

The notes form part of these financial statements

ONE FOR THE CITY CIC

Balance sheet statements

For the year ending 31 October 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 September 2026
and signed on behalf of the board by:

Name: Mike Quate
Status: Director

The notes form part of these financial statements

ONE FOR THE CITY CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

    Turnover policy

    Member donations receivable under the membership agreements, recognised when the entitlement arises and can be measured reliably.

    Other accounting policies

    Cost of sales. Under the membership agreements the company is required to pass member donations to the charitable fund. These onward payments are recognised as cost of sales, matched to the related income. Charitable donations. Donations made by the company from its own funds are recognised when the obligation arises. Prior period adjustment A charitable donation of £4,000 to a third-party charity was accrued in the year to 31 October 2024. The obligation did not arise until after that year end and it was paid in February 2025, so it has been recognised in the year to 31 October 2025. The 2024 comparatives have been restated to remove the £4,000 cost and accrual and to reflect additional 2024 corporation tax of £760. The restated 2024 result is a surplus of £3,134 (previously a deficit of £106).

ONE FOR THE CITY CIC

Notes to the Financial Statements

for the Period Ended 31 October 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

ONE FOR THE CITY CIC

Notes to the Financial Statements

for the Period Ended 31 October 2025

3. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 760 1,234
Accruals and deferred income 1,950 16,189
Other creditors 174 174
Total 2,884 17,597

The 2025 accrual of £1,950 represents member donations committed at the year end, payable onward to the fund after the balance sheet date. The 2025 corporation tax of £760 is the additional 2024 liability arising on the prior period adjustment, unpaid at the balance sheet date.

COMMUNITY INTEREST ANNUAL REPORT

ONE FOR THE CITY CIC

Company Number: 14521675 (England and Wales)

Year Ending: 31 October 2025

Company activities and impact

One for the City CIC exists to grow collective charitable giving by Leeds businesses through a simple 1% model: member businesses commit to donate 1% of their profit or revenue for the benefit of the city. The company acts as the platform that brings members together and channels their donations to a charitable fund for distribution to local causes. During the year to 31 October 2025 the company continued to operate the 1% membership model. The principal development in the year was the transition of the charitable fund arrangement, moving from the fund administered by Leeds Community Foundation to a new fund arrangement with The Leeds United Foundation, a registered charity, which was finalised shortly after the year end. During the transition the company paused active collection of new member donations, so donation income in the year was limited, while the framework for the new partnership and the associated launch activity was put in place. The community benefit delivered by the company is the funding directed to Leeds charitable and social causes through the fund. Members are given the opportunity to help shape the causes supported. The company pays no salaries and retains no profit for private benefit; its surpluses are directed to charitable purposes in line with its asset-locked status as a community interest company.

Consultation with stakeholders

The company's principal stakeholders are its member businesses, the charitable fund and its administering charity partner, and the Leeds community organisations that ultimately benefit from the funds raised. Members are consulted on the direction of the fund and are given the opportunity to help select the areas and causes that the fund supports. During the year the directors also engaged with the charity partner on the transition of the fund arrangement and the design of the funded projects. The company communicates with members on the impact of their donations through updates and an annual impact statement.

Directors' remuneration

No remuneration was received

Transfer of assets

During the year the company made and committed charitable donations to outside bodies, being the onward payment of member donations to the charitable fund and a donation of £4,000 to Zarach, a registered charity supporting children in Leeds. These transfers are made in furtherance of the company's community purpose and consistent with its asset lock.

This report was approved by the board of directors on
24 September 2026

And signed on behalf of the board by:
Name: Mike Quate
Status: Director