COMPANY REGISTRATION NUMBER: 3084208 CHARif¢ REGISTRATION NUMBER: 1057255 I Can Do It Limited Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 1111 1111 •AEzBAR• COMPANIES HCWSE VIRASH BACH & CO. LIMITED Chartered Accountants 72 Lyndhurst Road Thornton Heath Surrey CR7 7PW
I Can Do It Limited Company Limited by Guarantee Financial Statsments Year ended 31 December 2024 Page Trustees. annual port (incorporating the directors report) Independent examiners port to the twstees 11 statement of financial actiwlies (including income and expenditure accounl) 12 Statement of financial position 13 Notes to the financial statements 14 The following pages do not form part of the financial statements Detailed statement of financial actNities 25 Notes to the detailed statement of financial activities 26
I Can Do It Limited Company Limited by Guarantse Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 December 2024 The trustees. who are also the directors for the purposes of oynpany law, pre$gnt Iheir report and the unaudited financial statements of the tharty for the year ended 31 December 2024. Reference and administrat5 details R•gtster•d charity nam• I Can Do It Lim*ed Charity r•gistration number 1057255 C¢)mpany reglstralion numb•f 3084208 Princlpal office and regISler Selby Centre office Selby Ro•a London N17 8JL trustees Mr Tataree Mr S Solanki MsSPat (Retired 31 May 2024) C¢)mpany 8ecretsry Mr N Tataree Independent examiner V Patel FCA Virash Bach & Co LThnited 72 Lyndhurst Ro•J Thomton Heath Surrey CR7 7PW
I Can Do It Limited Company Limited by Guarantee Trustses. Annual Report (Incorporatlng the Directorfs R•port) (¢MUftwdJ Year ended 31 December 2024 Strudurn. gov•m•n¢ and management Gov•rning document The organisation is a eharitable Company Lmited by Guarnntee. ineorpord on 26th Juty 1995. aThJ regi$lergd under C¢)mpany RegBtration Number 1057255. The Company's Memorandum of Association defines the Company's charrtable purp05e5 and the scope of rt5 P1¥erS. The organisation OPgrat8s in aordanCe wrth the rUS set out in rts Artth of AsSoCkTr, whKh serve as ts primary g¢)veming document. and Is subjttt to the Charities Act 2011 (as amended by the Charits Act 2022) and the Companies Act 2¢X6. In the event thal the CoanY is dL8soFved or I]uated. the members are required to contribute a maximum amount of £1 each to cover any remaining liabilities. Rocrultment and Appointment of Manag¢ment Commilteelcouncil The Directors of the Company also serve as charity trustees in accordance wth charity law and, as stipulated in the company's of AssociatK)n. are referd to as members of the Management Commrttee. The process the appointment and retirement of manbers of the Management Commrttee is govemed by the provisions set forth in the compan$ Arttles of ASSOC1n. The Management Commrttee is composed of ndrvAYuals tho have extensNe profession81 exFertise, along wrth a bToad range of personal experience and insight into addressing the socioeconomie challenges and barriets faced by disadvantaged arwj marginaled ccmmunrties. Thèir collective knowledge is focused on advancing indr¥Kluals into relevant. meaningful. and sustainable opportunities in education. training, empbyabilty, o¥erall improvemenl of lrfe prosFeCts Trustee Induction and Trnlnlng All new trustees are provhled wrth an exlensive and SInlud induction programme. defivered by the CEO in Collaborati with at least on8 existing trustee. This in-depth induction includes a comprehensive lour of the organisK)n's premises, vthere new tru$lees are familiarised wrth the phy51C81 environment and operatn$. In addrIn. they are presented with detsiw oveNiew5 of the company's key cweTrtK)nal functp)ns. Strateg Priorit$. and 9mmance structure. This ensures that trustees gain a a clear undefStaTrJing of Ihe organisat)n's activitw, mission, aThJ h)ng-term objectives. The inductp)n also offers an opportunty for Iruslees to meet with key staff members and beneficiaries, facilrtating a dirttt connectKJn with the people and teams they will be supporting. This helps establish a $g foundatk)n for their roles, provJirMJ a deepei undetstsnding of the organisatton's impacl on ts communty and stakehohjers. Furthemyyg, all new trustees are eneournged to undertake regular visrts to the Centre, wthere they can engage direclty with on90ing projects and activrties. They are also invrted to meet with visiting cc¥nmunty members who have prior experience in trusteelated respons1bilrtS wrthin other similar charitable organisalions. These interactn5 provKle valuable inswJhls into best pracbces, challgnges. and opportunities wfthin the charrtable sector. To further support their roles, all trustees are granted access to the organisalion's subscriplw)ns to a range of business management and third-sector publications, including those from the NatK)nal Council for Voluntary OrganTrsatnS (NCVOI. Indicator, and the Diredory of Social Change. arTh)ng othets. These publLatpJn$ offer up404ate informalion, research. and se studies heb trustees stay infomed knut emerging trends. policy changes. and cntical issues wrthin the third sector. These resources serye as a valuable reference to guide trustees in fuffilling their governance responsibilities and in raising awareness of key ie$ affecting the sector as a whde.
I Can Do It Limited Company Limited by Guarantee Trustses. Annual Report (Incorporating the Directors Report) Year ended 31 December 2024 Risk management The Management Committee undertakes an annual review crfthe Risk Register lo assess and address major organi5altonal risks, with ongoing monitoring conducted on a quarterly basis. The company's Risk Management Policy outlines all systems and procedures designed to mrtigate these risk5. Sn reSPse to the conlinualty evdwng extemal fvrKling environment. the Trustees have consislenlly pursued a strategy ol diversrfying and fallallS1n9 the organisation's SeN15. ensuring both sustainability and resilience in a shI.ng landscape. The organisathJn has established robust and effectrve systems for managing the delivery of ils programmes and activitie$. Additionalty, stringent pr(edures are in place to aUthiSe and oversee all transadions, ensuring ¢)perKynal efficncy. transparency. and strKI adherence to govemance and regulatcvy standards. Related Partles To ensure we prove the best possible aMing joumey for our beneftiaries, I Can Do It Ltd works in strategic partnefshp wrth nkn.onal and hxal partnws to SUPFQrt the delivery of bts servKes. Strateg ar delNery rtnerS include publt. piiwate and third sector ganiSatIOnS including". Job Centre Plus, Oepartment of Education. Lc¢al Auth0nt, L¢al Colleges, Gingerbread, Selby Trust, and national and l¢xal community organisations such as MIND, Rehffjee Council, ABC Leaming Centre, Haringey Somali Communty & Cullural Association. Ku1$h HcwsKng Asso¢otK)n. Leaming Palh. SE Ltd. and other organi5ations for the purposes of netsrkIng and fun¢Jraising to carry fotward the Charrty's tjjectives. Organlsatlonal Structurn I Can Do It Ltd is overseen by a Management Committee, ccrfnposed of Trustees vtho quarterty lo review and $8t the strategic direction and goals of the Organisatn. The day-to-day Operatn$ ¥e managed by the CEO, Rai Ch)shi. who is supported by the Trustees. Raj Ooshi is responsible for execLrting the Strateg plan and overseeing comMun10n wilh external stskeholders, including fvnding bodEs. partner organisb)ns. and reguw bc#Jies. ensuring qualty and standards and managing the Charity's assets. The CEO also ensures that service delNery is both costffective ar¥J of the hwJhest qualty. wthik meelwig all key perfonnance indicors 11(Pls) and targets. The Senior Operational Manager is char9ed with leading and mentoring staff across Ixlh leaching and non-teaching role5, ensuring the 5rrK)Oth and effective running of the organisatK)n's activi(5 and the conts"nuous development of rts wrCe. PUBLIC BENEFIT In preparing this report. the trustees confim) that ttw have had regaid lo the Charity Commi8sion's guidance on public benefft. a5 required by sectv)n 17{51 of the Chari(ies Act 2011 las amended by the Charities Act 2022), when exercising their powers arml dut during the year ended 31 December 2024. Commissi'S current publ guKlance is available at ww.gov.uk1guidarpub1lC-benefft.ruIes-1Or<harltss. The Chanties Act 2011 Identsf several charitable PU)Se5 at section 3{1). including the advancement of edUCatn (section 3(1)Ibl). The Charity Commission explains that, in order for education to be a charitable aim for the publ benefiL it must b8 Capab ol being "advanced." meaning rt must promote. sustain. and enhance indr4idual aThJ leCtIVe kDrMledge and underslanding in specrfic area5 of stuty. skilL8. and eXpe"Se.
I Can Do It Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Report) (C0) Year ended 31 December 2024 The charrty has Contribe lo the publK benefit by provKling seNKes and Carng out activrtw in line with rts charitable objects. as detaikd in the folhm.ng sectK)n of this rert These servtces include formal and infomal education. communty education. youth development, vocational training, lrfelong leaming, and the enharKement of indNidual capabililtes, ccmpetencies, skills. and SUPkXXt for disadvantaged and sl¢eColCalty deprbved individuals and communilte5. I Can Doll has m a substantial impact by helpirvJ communrts engage in Infomati¢Jn. Advice and Guid8n¢e IIAG), career counselling, confidence building. skills development. education. and employabilrty inleryentions. These effort5 have to tangible outcomes. IrlUdIng the attainment of qualffications. the a¢qUisitn of skilLs and knowdge. training. and sustainable emptyment opportunrts. As a ul1. individuals have beco more personalty. firkincknilty. and socially independent. improved their standards of living. ar made progress toward5 achieving their aspirations and building sound career paths. The woth of the charity has enabled these indNiduals to live fuller. more inclusive live5, engage n sttto-economic activilies. and break free from cycles of deprivation, poverty, and exclusion from mainstream edLIcatn and empbyment. The trustees fimity believe that no cAie should be disadwdrltaged due to their race, gender, marital status, age, infimty. disabilty. or Fmwerty. By prOV1n9 a¢ce$s to arnIng and offering f¥ilities lo aid in education. the ¢harty creates a Publ benefrt in the interests of wcial weKare, aiming to improve the living nditionS of marginalised and disadvantaged individuals who require such support. The trustees are confvjent that no detn'ment ty hami to the public has arisen as a result ofthe charity'$ tivits. In their review of the charrty's aims. e¢tNes. and pLqns for future activilw. thg trustg8s have taken into account the Chanty Cofflrnisston's genernl guidance on pubkc benefft. stateffit of complianu with public benefit duty". The trustees nfim7 that have compl with their duty under section 17{5} of the Charrts Act 2011 to have due regard to the Chanty Commission's guidance on publK benefrt when exercising powers and duties during the year ended 31 December 2024.
I Can Do It Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 December 2024 Objectlves and acllvlt The Company's objedrrfes are as foll(yws: o advance the education of persons particularty but not exduswety African. Caribbean and other Ethnic Minonties and provide facilitS in the inte51$ of social wellare with the object of improving their conditions of Irfe of such persons who have rd of such faclrties by reason of their race, gender, marital status. age. infirmty, disabilty or poverty.- The charty's purposes fall within the deSCriptn$ of charitable purposes set OLrt in section 3111 of the Charities Act 2011. principally Secti 3111{b) (the advancement of education) armj Section 31110.1 (the advancerwt of citizenship or community development). (>)nsistent wth its objects clause above. I Can Do It's main xtivilies are in pwding Informaln. Advice arKI GuKlance IIAG), i.e. progression in Educal)n. Employment & Training and orwards referraLs. The charty continues lo work with disadvantaged and xtially excluded groups who face multipk barriers lo accessing educational and employment OpportunitS. Sefvtis a targeted to black and ethnic minorities, refugees and asylum seekers, women. lone parents. long4em unempbyed, retumers to the labour market, e¢onomully inactive, l¢JW-income. disabled. incapacitated indNKJuals. elderty, young peop, redundant andlor those facing the risk of redundancy. 50+ years of age indivKluals with low lil8racylnumera¢y skills, low skills empl¢)yed indrviduals. those lacking edited qualbficalions and othgr marginalwl and disengaged groups. Volunteers wnlribute to the awn5 and objectrrts of the organisalion and add local value to our offering. The objectives for the year continued in line wrth the charty's b)nger4emi strategy. I Can DD It continues to aim to identrfy n&¥ areas of Govemmenl and local priorities and funding sources attached lo these priorities. The Charty's pr(>Jress on the dNersification of ts seryices in education and training to support organisat)ns sueh as SE and other likeryminded oryanisations was somewhat restricted du8 to lack of funding, but ts aimed to commerte in tandem wrth fundraisin9. The charty continues to irwest in its infrastructure and Caty to suecessfulfy delNw its aims arKJ objectNes.
I Can Do It Limited Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Report) Year ended 31 December 2024 Achievements and performance I Can Do It has been a tru51ed charitable Organ1&ft for over 30 years, having commenced ils operations in 1993. It was incorporated as a charitable Company Limtted by Guarantee on 26th July 1995. Through¢yJt its history, the Charity has consislentty SUPFJted indivhluals from sorre of the most hard-tQ-Teach and disadvantaged demogwhics. The organisation specialises in the delivery of high-qualty Inforniatn. Adv1 and GuTdance IIAGI. which forms the Comerstone of its service offerings. In addrtn to IAG, I Can Do It provides skills gnOSI, employabilty support. and training. all aimed at empowering beneficiaries to secure sustainable employment. further training. and bng-term career advancement. Beyond these core servic, the chanty atso offers perS(all$ed one4¢x>ne and group support in afeas such as employabilty skills development. job search a55tstance, work experience placemgnts. vxanw sourcing. rrKtk Intervws. and postonyknymenl workforce deveW)pment. During 2024. the organisalion operated on a reduced staffing and prerni5es frtprint compared lo prtor years, reflecting the contractpjn in directty fund&1 programmes whilst the eharty pursue$ its strategy of rebuilding direct delNery capacty. t)espTte thL%. the chanty maintained rts e51ablished hybrid delivery model - combinin9 in-person and online provision - whh has proven effectNe in reaching participants, particularly those in remote or hard4t>access areas. dua14rthe approach ensures that indiwduals can benefft from the charity's ser¥i¢es regard$$ of gwwhKal constraints. Bel¢w are the delai15 regarding prcYJrammes I Can Oo It provtded ¢Juring the year. Infomiation, Advte & Guidance {IAG) remain$ of the core slrenohs of I Can Do It's service delivery, provpjing essential support to beneftiaries. The Charity continued to develop its services in employabilty skills. vacancy sourcing. and job seah a$stance. The IAG seNiees are tailored to meet the needs of indivrduals entering the workforce for the first time. as well as those sed(ing career changes cff progression within ther current employment I Can Do It has partnered Wbth over 20 I1 and communty referral organisations to deliver IAG end related career and employment servIs. These partnerships aL80 facilitale refeffals lo further and hhjher educalh)n, supporting beneficiaries in achieving their ¢dUtnal and career goals. Due to funding constraints during the year. the Charrty scakd bk the volume of ils iAG provision in comparison lo previous years whilst maintaining qualty standards. The IAG services are Matrix qualty assured. ensuving the Imghest standards of guidance and support. This allu4VS the organisation to assist beneficiarie5 frn the very beginning of their joumey. helping them explore pathways into empk)yment, Caer 8d¥aneement. or further and higher education. The Charty is commrtted lo ertsuring that beneficia$ are referred lo the n$t appropriate arning and training 0pp0rtunrts. thereby fostering effectwe progressicffl and long-lerm retention. Thi$ ¢omprehensive approach enab$ indibryduals to realise thr full potents"al, Suc5fvIY transition to Sustained empkjyment. pursue further edu&*ion. aThJ seize other Irle ¢)pportunities. As part of its ongoing mission. I Can t)0 It remains ctsY¥rMtted to supporting so¢$ most disadvantaged indNiduals. continuing lo provKle assistance Twhenever the need arises.
I Can Do It Limited Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 December 2024 Financlal revlew The 2024 financial year remained challenging for the Trust in temis of securirKJ ex1emal programme funding and gfanl incoff. However. the charty achieved a net operating 5urplu5 of £10.252 for the year12023'. deftit of £21%,3(r21. refiecting a signrfKant improvement in the overall financ1 posilKJn. This result wa$ supported by the careful stewafdship of the tharty's assets and by substantially reduced operating eXpdItUre. as descrthd further beltyAT. Income Total income for the year wa5 £62,441 (2023.. £20.2561. The principal source of inrr wa5 bank interest receivab of £61.61012023'. £18.9881, refkcbng the Charit$ hddings of cash rgsgrves. Grant and other income amounted to £831 12023". £1,198>. trustees ackn¢x¥ledge that dired charrtable and grant income remains al a low level and that the surplus for the year is principalty attributab lo interest eamed on reserves ther than income frc)) charitabl& programmes. Increasing direct programme Incon is a key stthic priority for coming years. Expenditurn ToLql expwKJféure for the yew was £52,189 (2023.. £167,373). a reduction of approximatety £115.QJO compared to the prior year. Tht5 decrease reflects a synrficantty reduced staffing and premi8es cost base during 2024.. wages and salaries amounted to £21,584 12023.. £64,65S). and nI and rates to £7.033 (2023.. £77.6761. These reductions are consislenl with the charty's strategy of transitioning to a leaner operating mdel focused on online and hybrid delivery, while building the infrastructure for future direct delr¥ery. The prior year expenditure also included onwff grant of £59.185 to SE Limrted for the BN(O) learw pmgrdmme, whKh d#J not recur in 2024. Llquidlty and solv¢Y The Chardy reported an improvement in its overall net asset F(JsiIKJn npared to the prior year, wiéh tctal assets less current liabilities increasing from £1,667.221 to £1,677.473. Net current assets improved from £1.666,920 to £1,677,271, arKI credrtors due wrthin one year reduced from £24.855 to t18.493. Cash at bank decreased from £1,686.522 to £1.492.444, with the movement primarity reftecting operating expendiiure durir¥J the year and an increase in debtors to £203,320 12023.. £5,253}. The Iruslees are satisfied that the charty maintains a strong INuidity po$'0n. The organisalion has continued to actwety pursue fvndin9 Opportunities from Charitab Irusls, granl-making bodies, and through subcontracting arrangements w(th funding agenci8s. Its work remains fLKused on deliverirrfJ seNices within its core areas of expertise. supporting hard-to-reach and disadvantaged groups. These include low-skilled adults, k)ne parents. indwiduals aged 50 and over, and 8AME communrties. BeneflarieS often face muftiple barriers, including limited English language proficiency IESOL Pre-Entry to Level 2). 1¢)w levels of literacy arKI numeracy, and insufficnl digital ofKI lifelong leaming skills. Addrtionalty. many lad( confvJen m managing personal finances. developing employability skills. and accessing pathways into sustainable employment. As noted above, 2024 continued to be demanding in terms of Securing neN extemal programme furbding. The Trusl has Klenlified Ihe strategic prim of securing direct fvnding t)ver the next three years as its primary pathway for growth, particulaty in the Conte of ¢)rwJoing reductw)ns in Publ funding k non-ststutory educattr and training provision. Investment pollcy and Cash management The trustees, policy is lo hold the ¢haritVs funds in inleresl-bearirwJ accounts wth reputable banking lnstrtut$, ensunng that cash is readily accessible lo meet cpeialK)nal requirements and eams a compth"t4ve rate of retum commensurate with the harrty's INupJity needs. The trustees revww the chanty's eash management and deposrt arrangements penodully to ensure Cfjntinued surtabilty. Bank interest receivable of £61,610 was eamed during 2024 (202 3.. £18,988). representing the principal source of income for the year. The trustees are mindful that Ihis levd of dependence on investrnent income fr(yn cash reserves is not a sustainable long-lem) model and thai growng direcl prograrrme inc¥Jme remains a slralegic priority.
I Can Do It Limited Company Limited by Guarnntse Trustees. Annual Report (Incorporating the Directorfs Report) (c Year ended 31 December 2024 Designated Fund Pollcy A designated fund has been maKained as agreed by the Management Commrttee in Previo years, for the purFrf)ses of securing the organ[Sat's fvture sustsinabilty. This designate(I fund has been created to acquire a propety lo maintain sustainability. stilty and to negate sole dependency on public funding. This designated fund has been preserved for the exdusNe pUse of future property acquisrtion on beham of the organision. The desnoted fvnd stands al £1.200.000 as at 31 December 202412023.. £1,200,C01. and rw) transfer to or from this fund was made during the year. Reser¥es Policy Following a comprehensNe review of the charity's reserves polty. the trustee5 have cOluded thal, having due regard lo the charity's prclted level of activty and anticipated income ¢)ver the forthcoming hwelve-mwth P. no alhxatw to the destgnatgd buikling fund is warranted in the current financial year. Free selves, excluding the designabj building furKI of £1.200.000. are maintsined at £477.473 as al 31 December 2024 (2023.. £466.338 excluding the prr yearfs deswnated fund of £1,200,000}. This represents a modest increase of £11.135 ¢ompared to the prior year. consistent with the nel surplus recorded for 2024. This level of free reserves exceeds tr minimum reserves requirement equivalent to hvefve months. experKlrture, as pmKJu detemiined and approved by the tnjstees within the 2024 Financial Review. The tfuslees are sattsfied that tr level d reser4es hehj is appropriate and prOVe5 sufficth financial headfoom lo ensure the ong)ing stabilty of the chanty. In pth¢utar, it enable5 the retention of core staffing capacrty necessary lo delr¥er agreed levels of InfomatK>n, A01 and Guidan {IAGI serviees. whether through direct ddivery through the Strateg secondment of staff resources. in futherance of the chanS chanlable supFw)rt of its principal beneftiary groups. Grnnts Policy I Can Do It's granl p)licy rernains Consistent. whereby, subject to the avaiLgbilty of resources, the charrty is able lo alle grants for charitae purposes that align with its aims and objectwes. These grants are intended for similar organisath)ns that provhle essential vc¢ional skills. education, employability services, weKare. and well"n9 supwt to dadvantaged and underseryed communrties th the charity serves through rts own inrtl¥9s. All grants awarded musl be directed towards beneffting the bcal ccrfnmunty and 1St alvjn with the charity's core mission and objectives.
I Can Do It Limited Company Limited by Guardntee Trustses. Annual Report (Incorporatlng the Directorfs Report) (cvnthjt Year ended 31 December 2024 Plans for future periods The charity will continue lo prioritise the pmision of support to its mosl disadvantaged beneficiary groups through the slrategtc allocatJn of an agreed proportrf)n of its unreslricteil selves. These funds will be applied toward5 the delrvery of InformatK)n. Adwce and Guidance {IAGI. ESOL. literacy, numeracy. ernployabilty. arKI vocational training prograThe$. In order to ensure financ4al prudence and maximise value for money, delivery will be undertaken primarity through online plattoms, thereby reducing operational and ovethead costs whije fflaintaining assibIlrty. Corturrentty, the charity will implement a stnjdured programme of organisatnal development aimed al strengthening its operational infrastwdure and enhancing intemal capacty lo facilrtate the direct delivery of Servi$. approath is intended to establish and evidence a robust delivery track record. which is critical in securing future fvnding opp)rtunities, in¢ludin9 small-scak ntraCt$ and grant funding. It will also ensu lh the charity well-positioned to meel Ireasing rigorous due diligence, complhqnce. and risk management requirements iny(tsed by fvnders, particulaty in relation to govemment-fur¥Jed programmes. The transition l¢Jwards grnater direct delivery capabdty 11 further enable the Charity to advance rts commitment to inclusion. dNernty, and equality of opp)rtunty. In partlaT. it will allow the organisalion lo extend support to indNiduaLs who are currentty excluded from publicly funded provision due to digibility restrictns, thereby ensuring that rts services rernan alned with its charitable objectives arKI respL¥bsive to unmet need within the communty. Following a wnprehensive intemal revp4V of rts ser¥e delNery model. the charty has resofved to wnpl8m&nt a pilot programme commencing at th8 Start of the next financ1 year. This pilot will focus on the online delNery of IAG and Functtonal Skills {lrteracy) provision. subj.ect to the outccffies of this pilot and funding availabilty. including demonstrated demarKI, leamer engagement, and successful aehievement rates. the charty intends to progressNely expand rts offer to include additional found81n-leVel qua1rrtstn$. as well a5 5&cted training programmes in areas of identrfied need. Over the three•year Strateg perK>d commencing in 2024, the charity will place a strong emphasis on the development and consolKlation of ts in-house service delivery Mje1. This will be complemented by the continued provision ot limrted, largeted financial support wiéhin approved budgetary parameters - to smaller not-for-profft organisations wilh alwJned aims and obj'ectives, through Ihe award of grants. This balanced approach will enable the charity to bth strengthen its delNery capability and ¢trUle to the Wer volunl•y sector ecosystem. STATEMENT OF TRUSTEES RESPONSIBIUTIES The Iruslees (who are al directors of the chantable compwry for the purp)ses of company lawl are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applble law and Unrted Kingdom Ac¢ountirwJ Standard5 Iunrted KingdcTh Generajty Accepted Accounting PraclKel. Ccrfnpany Lqw and charty law require the tntstees to prepare finartial siatements for each financial year that give a true and fair eW of the slate of affairs of the eharitabbe eompany and of rts incoming resources and applicalion of resources. indLKling its income and expenditure. for that period. In preparing those financial stalwnents. the trustees are require(I lo.. select suitable accountin9 wlicies and then app trm consistenty.. obserye the ffleth¢)ds and prirKiple5 Ill the CharItS Statement of Recormnended Prxlice (Charities SORP (FRS 1021- Second Edrt October 20191.. make judgements and estimates thal are reasonable and prudenl.,
I Can Do It Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 December 2024 slate whethef applicable UK en.j starrflafds have been followed. subject to any merial departum discbsed and explained in the financBI sLements,' and prepare the financ1 statements on the going concem basts unless rt is inapprcpriate to presume that the Charitab compony wil continue in operation. The trustees are responsible for kewng propw o)unbftg records that dI10$e with reasonable ac¢ura¢y at any tvne the financial pOS"0n of the Charrtab ctynpany and to enab them to ensure that th8 financral statements COTnply with the Companies Act 2, the Charities Act 2011 (as amended by the Charities Act 2022}. and the Charities (Accounts and Reprts} RegulalKJn$ 2008. They are also responsible for safeguarding the assets of the charitable rnpany and hence for taking reasonable steps for the prevent and detecllon of fraud and other irregularities. Golng concem After making enquiries. the trustees have a reasonable exptttation that the charrtable ¢¢mpany has adequate resources to continue in operational exL%tence for the foreseeable future. The ¢harty holds total net assets of £1.677.473 as at 31 December 2(r24. including free reserves of £477.473 and a deSnated building fuThJ of £1,200.000. Ac¢1n9ty, the trustees contiThJe to adopt the going ¢orbCOm basis in preparing the fThncial ststements. Small company provislong This report has been prepad in ¢0rdarKe with the provisions applicable to companies entitled to .the small Cono$ exemptK•n. The trustees. annual report was approved 1 April 2026 and signed on behalf of the l>)ard of trustees by.. Mr S Solanki Trus¢•fj 10
I Can Do It Limited Company Limited by Guarantee Independent Examlnerfs Report to the Trustees of I Can Do It Limitsd Year ended 31 December 2024 I report to the trustees on my. exarnination of the financkn¥ ststemenls of I Can Do 11 Limited Ilhe harity'l for the year ended 31 Deeember 2024. Responslbilities and basls of report As the trustees of the company land also rts dirt0[$ for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance wth the requirements of the Companies Act 2006 Ilhe 20C6 Ad'l. Having satisfRd rrtysell that the accounts of the company are not required to be audit&J under Part 16 of the 2006 Act and are eligble for independent exarninatn. I report in respect of my examination of the chanty's accounts as caffied out under section 145 of the Charrties Act 2011 (Ihe 2011 Act'l. In carying out my examinatbon I have foltrxed the Directions given by the Charity Cc¥nmi5$n under section 14515)(b} of the 2011 Act Independent oxaminerfs statement I have eompleled my examination. I confim that no mattets have come to my attention in connection with the examinati¢)n gmng me eause to belve: accountir4J records were not kepi in respect of the chanty as required by $&tion 386 of the 2006 Act: or the financial st0twnts do not xcord wrth those records.. or Ihe finanual statements do not comply wilh the accourting rg]uirements of lOn 396 of the 20 Acl other than any reqU1ment Ihal the accounts gwe a Irue and fai¢ view which is not a matter consKlered as part of an independent examination.. or the financial sLitements have been prepared in accordance with the methods and principles of the Statement of Recommended Practe for QUAtIng and roporting by charrties apPIable to charrties preparing their xcounts in accordance with the Financial Reporting Standard applicable in the UK and Republ of IreL8nd {FRS 102). I have no concerns and have cc¥ne across no other matern in cOnnt wrth the examination lo which attention Should be drawn in this ret in order to enabk a proper understanding of the accounls lo be rethd. V Patgl FCA Indopondgnt Examimir Virash Bach & Co Limited 72 Lyndhurst Road Thornton Heath Surrey CR7 7PW 2 Apn'l 2026 11
I Can Do It Llmited Company Limited by Guarantse Ststsment of Financial Activities (including income and expenditu account Year ended 31 December 2024 2023 Unrtstitted Restricted fijnds furrfls Total funds Total fvnd$ Income and endoneThts Donations and legleS Charitable activities Inveslrrnt irtt)me 50 833 61,609 70 1.198 18,988 20.256 833 61.609 62.492 Totsl Inc¢Mne 62.4¥2 Exp•ndilure Expenérture on raising funds.. C¢)sts of raising donations arKI gacies Expendrture on charitable actr¥itie5 Total expenditure 1.295 $0,836 52,131 1.295 50.896 3,372 223,186 9.10 60 60 52,191 226.558 N•1 in¢omel{expenditur•l and net movoment in furbds 10.361 (60) 10.301 (206,302) Reconcilialion of funds Total fvnds brought fiKward Total funds carried forward 1,666.338 1.667.222 1,873,523 1.676.699 824 1,677,523 1.667.221 The statement of financial actwrties indudes all gains and kjsses fecognised in the year. All irwr and expendiiure derive from continuing activrt*s. Th• on pages 14to 23 forni part of IhM• financlal •lat•ments. 12
I Can Do It Limited Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Flxed assets Tangibl& fixed assets 17 202 301 Current assets Debtors Cash at bank and in hand 18 203.320 1.492,494 1,686,522 1,695,814 1,691,486 Credltors: amounts fallin9 due within one year Net currnnt assets 19 18.493 24,$66 1.6TI.321 1.666.920 Total aets l•ss Current Uabllllles 1.677.523 1.677.523 1,667.221 1.667,221 Funds of Iho charity Restricted funds Unrestricted funds 824 1.676.699 883 1,666.338 Total charity funds 21 1.677.523 1.&87.221 For the year enditYJ 31 December 2024 the charty was entilled to exenytKin frcffi aJit under section 477 oflhe Compan$ Ad 2(y)S rela1v lo srnall compani8s. Directors, resp¢xsibililies= The members have not required the company to obtain an audrt of its firkincl sL*ements for the year in question in acc<Kdance wrth section 476: The direclors acknowwge their responsibiltties for cc¥nptying wf(h the requirements of Ihe Act Wbth respect lo accounting records and the preparation of financpl stalennts. These finarKk41 slatements have been prepared in accord with the provisions applicable to companies subject to the small Compan$, wime. These financ1 ststements were approved by the boa of trustees and autrlorised for issue on 1 April 2026. and are signed on behalf ofthe board ty. Mr S Solanki Ttust•• The note¥ on p•w 14 to 231tTh prtofthe8e fin•rKi¥l stthnwts. 13
I Can Do It Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General Informatlon The charty is a publtc benefrt entty and a prNate company hmrted by guarantee. registered in England and Wales and a registered charity in EnglaThl and Walgs. The ¢the$S of Ihe registered offKe is Selby Cenlre, Selby Roaj. London. N17 8JL. Statèment of compllance These financial stalemenls hav8 been prepared in ClIanCe with FRS 102. 'The Fin¥cial Reportin9 Standard applb in the UK and the RepublK of Ireland,, the Statement of Recomfflended PtIce applicable to chantS preparing their acwunts in accordance with the Financial Reporting Slandard apble in the UK and Republic of IrelarKI {FRS 1021 {Charities SORP IFRS 102)} and the C<>mpantes Act 2006. Accounting policies Fund accounting Unreslrieted funds are available tr use at the disueln of the Iruslees in furthewce of the general objectives of the Charity. Desynaled funds a unrestricted funds earm¥ked by the trustees fLY parti¢uk7r puwes. Restrted fijnds are subjected to restrictl their expendlure wnposed by the donor or grant funder. Basis of preparatlon The financMI slalernents have been prepared on ts hislorKal cost basis. as modffd by the revaluation of certain financial assets and liabilities in¥e*rnenl properties ffe8SLYed at fair value through income or expendifvre. The finla1 ststements are wepared in $lerlirvJ. whKh i¥ the fUndn01 currency of the entty. Golng ¢oncem There are no material uncertaintRs abtyjt the cherS abAty to ¢tInue. 14
I Can Do It Limited Company Limited by Guarantee Notes to the Financlal Statements (eamèJu8dJ Year ended 31 December 2024 Accotsnting policies Incoming resourrns All incoming resources are included in the statefflenl of financial activities when entitlement has passed to the charty. r< is Probab that the economic benefts associated with the IransaclKJn will flow to the charty and the arUnt can be rellty measured. The folloWj specffic poltcie8 are applied to particular Categories of income.. - income from donations or grants is recogni58(I when there 15 e¥KSence of entilknnl to the grfl. receipt ss probable and its amount can be measufed relrabty. . legacy income is renised when receipt is probable and entitlefftht is estabh'shed. - income Irom donated goods L8 meaSUd at the fair value of the goods unbess this is imprxlical to measure reliably. in which ease the value ts derived frcth the cost to the ¢Jonor or Ihe estimated resale value. Donal&J f1rtieS and services are recogntsed in the accounts when receNed rf the value can be rdiabty measured. No amunts a included for the contrtjulion of general vdunteers. income from contracts fLY the suppty of serVS recognised wrth the delivery of the contracled servKe. This is classifd as unrestrted funds unS there i8 a contractual reouiremenl for it to be spent on a particuLgr purpose arKI retumed if unspent. in whKh case it may be regarded as restrKled. - investhent income is included when received. Judgements and kty sourcès of ostimation un¢•rtainty The preparation of the financial sL*ements requiffjs management to make judgements. estima18$ and assumpti$ that affect the amounts rerrtirted. These estimates and judgements are continualty reviewed and are on experienee and other factors. including expectations of future events that are belbeved to be reasonab under the circumstsnces. Fund accountlng Unrestricted lunds a avalble for use at the discrelion of the trustees to further any of the charty's purposes. Designated funds are unrestricted funds eam)arW by the trustees for particular firture project or Re$tn"cted funds are $ut4"ected to restsidn5 on their expendrture thlared by the donor ¢y through the tern of an appeal. and fall inlo one of two sub<lasses.' restrKted income fund$ or endowment funds. 15
I Can Do It Llmited Company Limited by Guarantee Notes to the Financial Statements (¢0nthx Year ended 31 December 2024 Accountin9 policies Aosources exptndad Expendiiure is recognised on an ac¢nMls basis as a liabilty ts incurred. Eypendrture includes any VAT whieh cannot be fulty recovered. and is dassrfd under heading5 of the $LThnt of finarla1 activities to whh it lateS.. expenditure on raising bjnds includes the costs of all fundrarsing actwitie$, events, non-charitabk trading activities. and the Sa of donated goods. expenditure cv) charIlab actNities indudes all costs incurred by a charity in undertaking aclivities that fvrther charitable aims for the benefft of its beneflarieS. includin9 those support costs and costs relating to the 9nan rrf the chanty apPortned to charitab aclivilies. other expenditure indudes all expgnditure that is neilher reJed lo raising funds for thg charity nor part of its expendrture on charitable tlit. All $15 are allwated to expendrture &egories refiecting the use of the resource. Oirecl costs altTibulabl8 lo a single actNty are alk&ited directty lo that xtNty. Shared costs are apportioned btheen Ihe activrties they contribute to on a reasonab. justifiable and consistent basis. Tanglblo assets All fixed assets are initialty recorded at C05L Items in excess of £1,000 a caprtalised as ¢lassed under Fixed Asset5. This is in accordan wrth European funding policy whereby capital items below £1.IX)O are da5sed as small equipmenvconsumables and written-off as revenue expenditure. Depreciation Depreciation is culated so as to write off Ihe cost ¢x vduation of an asset, less its residual valuè. over the useful ecorrtyric lrfe of th asset as fdkMs." Fixture5 & Filbngs Equipment 33% reducing balance 33% reducing balance A vieW for impaimient of a fixed asset is carrd OLrt rf events or char@es in thrcurnslanS indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of ffixed assets and their recoverable amounts are recognised as impaim)ents. ImpalmnI losses are iecognised in Ihe Slement of Financial ActNitie$. Impalmient of fixed assets A wew for indicattys of impaimient carrd out at each reFxiing date, wrféh the recoverable antr)unt beirwJ estimated where such IndrS exist. Vthere the carrying value exceeds the recoverable amounL the a$sgt 1$ impaired accordingly. Prv impainn&nts are also wiewe(I for p)ssible revfjrs al each rgprylirvJ de. 16
I Can Do It Limited Company Limited by Guardntee Notes to the Financlal Statements (eoRdnwd) Year ended 31 December 2024 Accounllng pollcles (tomh IMpairnrtt of rued assets For the purpo of imwrment testing. Wh it is n(A p)ssible lo estimate the recoverable amount of an individual asset, an ests.mate is made of the recoverable amount of the cash4Jenerating unit to whrh t1 asset belongs. The Gqsh-generating unil is the smallest Kjentffiable group of assels that iludeS the asset and gTateS cash inflows that largely Klependent of the cash Infi(h from other assets or griJup5 of assets. For impaimient testing of gothiill. the gocthll xquired in a bu$in8$5 wmbinion 15. from the acquisiti date. alkxated to each of the cash-generating unrts that are expected to benefrt from the synergies of the cc¥nbination, irrwc1l of whether rAher assels or liabilities of the charty are assigned to those unrt5. Defined contrlbution plans Contributions to defined con1ributn plans are recognised as an expense in the perrt in whh the related service provided. Prepahl ntributS are recognised a5 an atsel to the extent that the prepayment will ad lo a redtion in future payments or a cash refund. Vthen contribulions are fM)l expecled lo be settkd wholty within 12 months of the end of the reporting dale in whtch the employees nder the related seryice. the liabilty mea5ure(l on discounted present value basis. The unwind9 of the di5counl is recogntsed a5 an expense in the perilxl in whth it ars. Limited by guarant• The ccffipany is Limitwj by Guarantee wthout any share capital. Donallons and legacl•s Unrestrthd Tolal Funds unre$tried Total Funds FU1$ 2024 Funds 2023 Donations Membership subscriptions 70 70 Charitable activilieB Unrestrted Totsl Furbds Unre5tncted Total Funds Funds 2024 Funds 2023 Smdl grants 8rKI other 833 1,198 1,198 Investment income Unrestrthd Total Fundy unre5th.cted Total Funds Funds 2024 FurKIs 2023 Bank Interest receiva)le 61.609 61.609 18.988 18,988 17
I Can Do It Limited Company Limited by Guarantee Notes to the Financial Statements (clwthtod) Year ended 31 December 2024 Costs ol ralslng donatlons and 1ogxi95 Unrestrthd Total Funds Unrestrted Total Funds Funds 2024 Funds 2023 Costs of raising donalions and legacies - Doftations 1.295 1,295 3.372 3.372 Exp•nditur on ch•rithble actlvllles by fund type Unrestricted Funds Restricted Tolal FuThd$ Funds 2024 Training Social WeLfare & Support- Grants Support costs 29.802 60 29.862 21.034 21.034 50.836 60 50.896 unted Funds Restricted Total Funds Funds 2023 Training Social WeKare & Supwt- Grants Support costs 1C6.373 59.185 57.536 1C6,465 59,185 57.5 223.094 92 223.186 10. Expgnditurn on chrit•ble activities by activity type undertaken directly Support Total funds 2024 Totsl fvnd 2023 Training Social Weffare & Support- Grants Govemance costs 29.862 11.960 41.822 128.055 75.140 19.991 9.074 9.074 29,882 21.034 50096 223.186 18
I Can Do It Llmlted Company Llmited by Guardntee Notes to the Financial Statements (¢rfb Year ended 31 December 2024 11. An•lysls of support casts Trainry Govemance Tolal 2024 Total 2023 Staff costs CommunKations and IT Finance costs Support o)sls- Accountancy. Legal & Professional Support Costs- Other costs- Sundry expense 9.490 425 221 4.680 152 14.170 577 261 49,848 141 254 1.824 4.202 626 7.289 11.960 9.074 21.034 57.536 12. Taxation As a registered charity. the Crxnpany generalty exempt from incoffe tsx and capttal gains lax on 11$ thantable tMt. but not from VAT. Irrecoverab18 VAT is included in the e<>st of tr¥)se items to whh il relates. 13. Net Inc¢)mel(•xpendliur•) Net incomellexpenditufe) is sld after chargingllcredilwig).. 2024 2023 Depreciation of tangible fNed assets 1S1 14. Independent examlnatlon lees 2024 2023 Fees payJl8 to the indepermlent examiner ftr. Independent examinion of the financial sLitements 15. Staff costs The t(al $tsff rnsts and empwe benefits for the rep¢ing wiod are analysed as fdlows.. 2024 2023 Wages and salaries Social securrty costs EffKloyer contributKm to pen%on plans 21.584 2,781 415 64.655 2,991 1,146 24.780 68,792 19
I Can Do It Limited Company Limited by Guarantee Notes to the Financial Statements (conth Year ended 31 December 2024 The average head count of employees durirvj the year was 312023.. 41. The average number of full-lirne equivalent employees during the year ts anatysed as follows.. 2024 2023 No. Number of direct charitable staff Administrative Staff No employee received employee benefits of than £60.0(KJ during the year (2023.. Nil). Key Management P•rnoThn The totsl C¢ryenSatn paKI to key management (rnanaging direclor} personnel was £20.617 12023.. £34.7651 Included within the total CoMpensk pakl to the rnanaging director was £nil {2023.. £nill in respect of CtributK$ to money purchase penston scheme and benefits in respect of health care policy, valued at £10,10212023.. £8.7551. There were no other directors who were membe of any company funded FenSn scheme in elpt of benefts. 16. Truste• remun•ralion and •xpwn No remuner'on or expen were paKI or payle to Y Tntstee durtng the year. 17. Tanglble fryed assets Fixlure$ ffttings Equipment Total Cost At 1 January 2024 and 31 De¢*mb•i 2024 Depreciation At 1 January 2024 Charge the year At 31 December 2024 413.039 65.219 478.258 412.965 24 477.957 99 75 412.989 65.067 478.056 Carying amount At 31 Decembei 2024 202 . At 31 tYecemb8r 2023 74 227 301 18. Debtovs 2024 2023 Prepayments and accrued inc Other debto 320 203.000 364 4.600 203.320 4,964
I Can Do It Limited Company Limited by Guarantee Notes to the Financial Statements (eoftthtsed) Year ended 31 December 2024 19. Crnditor5: arnounts falllng due within one year 2024 2023 Bank loans and overdrafts Aceruals and deferred incorne S¢xial secunty and ¢Xher taxes Othef creditor5 13.981 335 1,173 18,493 14.760 1.478 5.324 24,566 20. Pensions and Othor pOst•¢Irrn9n¢ Tr•frtS Deflned contrlbutlon plans The amunt recognised in inctyne or expenditure as an expense in relalion to defined contrution plans was £41512W23: £1.146). 21. Analysis of charitable funds Unrgstrlctfjd funds At 1 0mber 2024 1 Jary 2024 Income Exp8ndtéure General lunds Designated Fund 1- Building Fund 466.338 1.200.000 62.492 {52,131} 476,699 1,200.01)0 1.666.338 62.492 {52.1311 1.676.699 At 1 January 2W23 31 DKember 2023 IncLyne Expenditurn General funds t)esignaled Fund 1- Building Fund 672.548 1.200.C(10 20,256 (226,4661 466,338 1.200,000 (226.4661 1.666,338 1.872.548 20.256 Purpose of Designated Funds: The trustees have desunated this fuThJ for the purpose of acquiring a building on behalF of th? crY. 21
I Can Do It Limited Company Umited by Guarantee Notes to the Financial Statements (¢onth7wdJ Year ended 31 December 2024 21. Analysls of ¢Titable funds (cth Restrlcted funds At 1 Do¢8Mr 2024 1 January 2024 Income Expendrture Restrted Fund 1 - Fixtures. Fittings & Equipment {601 1 JUary 2023 31 December 2023 Income Expenditu Restricted Fund 1- Fixtures. Fittings & Equipment 975 {921 883 Purpose of Restricted Funds.. The primary purpose of the Restricted Funds we to fund future deprtt1at on the fixed assets and funds held for speofK purpJse(s). 21 Analysis of net assels between funds Unrtttricted Funds Restrithd Total Funds Funds 2024 Tangible fixed assets Current assets 80 1.676,619 122 702 202 1.677.321 1.677.523 Net assots 1.676,699 824 Unrestricted Funds Restricted T1 Funds Funds 2023 Tangible ffixed assets Current assets 118 1.666.220 183 700 301 1.666.920 Net assets 1.EA6.338 1.667.221
I Can Do It Limited Company Limited by Guarantee Notss to the Financlal Ststements Year ended 31 December 2024 23. R•lated parties In prior yearn Ihe charity had procure(I frryn SE Limrted. a company m which the managing director, afso acts as the cperalions director and in which. tsvo of the trustees are senior employees. An outstsnding aggregale arrM)ynt of £1.IY)O remained payable to SE Limited, a$ at the balance sheet date. During the year. the charty a150 $UPPOrted projects run by SE Ltd which agned wrth the eharty's objectsves. deta'ls of these projects are provided in the Trustees During the year, the Iru$tees had approved a Igan of £200,C4)O to SE Ltd. The loan wa$ unsecured but interest bearing al a r*e of 5% p.a. arKI had a fteble repayment peri¢)d of within two years frcKn drawdown with repayment due duriry 21Y26. The full anv)unt of Ihg boan remains outslandirvj as al the balance sl date. The company had aL80 advanced a small unsecured interest free knan of £3.000 in previous years to I Can Care Limited. a non%Jrofrt making company in which Raj D05hi is the 501e Director. The loan was vetted arHI approved by the Trustees and prowded on an ami's knglh basis. The loan 15 repayable on demand and remained unpaid as at the year end. I Can Care supports the day care needs of disadvantaged and socio-economicalty e¥duded and deprived older pwjple and eklerly communrties. The full amount of the loan remains outstanding as at the balance sheet date. No other material transxlions with related parti8s were uThJertaken such as are required to be disck)sed under the Cufnt Financial Reporting Stsndards. 23
I Can Do It Limited Company Limited by Guarantee Management Infomiation Year ended 31 December 2024 The followlng pays do form of the fin•ncial statements.