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 •AEzBA￿R• 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$gnt Iheir report and the unaudited financial statements of the tharty for the year ended 31 December 2024. Reference and administrat5￿ details R•gtster•d charity nam• I Can Do It Lim*ed Charity r•gistration number 1057255 C¢)mpany reglstralion numb•f 3084208 Princlpal office and regISler￿ Selby Centre office Selby Ro•a London N17 8JL trustees Mr Tataree Mr S Solanki MsSPat (Retired 31 May 2024) C¢)mpany 8ecretsry Mr N Tataree Independent examiner V Patel FCA Virash Bach & Co LThnited 72 Lyndhurst Ro•J Thomton Heath Surrey CR7 7PW I Can Do It Limited Company Limited by Guarantee Trustses. Annual Report (Incorporatlng the Directorfs R•port) (¢MUftwdJ Year ended 31 December 2024 Strudurn. gov•m•n¢* and management Gov•rning document The organisation is a eharitable Company Lmited by Guarnntee. ineorpor*d on 26th Juty 1995. aThJ regi$lergd under C¢)mpany RegBtration Number 1057255. The Company's Memorandum of Association defines the Company's charrtable purp05e5 and the scope of rt5 P￿1¥erS. The organisation OPgrat8s in a￿ordanCe wrth the rU￿S set out in rts Artth of AsSoCk*￿Tr, whKh serve as ts primary g¢)veming document. and Is subjttt to the Charities Act 2011 (as amended by the Charit*s Act 2022) and the Companies Act 2¢X6. In the event thal the Co￿anY is dL8soFved or I￿]u*￿ated. 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 refer￿d 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 ASSOC￿￿1n. The Management Commrttee is composed of ndrvAYuals t*ho 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 marginal*ed 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 SIn￿lu￿d induction programme. defivered by the CEO in Collaborati￿ with at least on8 existing trustee. This in-depth induction includes a comprehensive lour of the organis*K)n's premises, vthere new tru$lees are familiarised wrth the phy51C81 environment and operat￿n$. In addrI￿n. 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 $￿g foundatk)n for their roles, prov*JirMJ a deepei undetstsnding of the organisatton's impacl on ts communty and stakehohjers. Furthemyyg, all new trustees are eneournged to undertake regular visrts to the Centre, wthere they can engage direclty with on90ing projects and activrties. They are also invrted to meet with visiting cc¥nmunty members who have prior experience in trustee￿lated respons1bilrt￿S wrthin other similar charitable organisalions. These interact￿n5 provKle valuable inswJhls into best pracbces, challgnges. and opportunities wfthin the charrtable sector. To further support their roles, all trustees are granted access to the organisalion's subscriplw)ns to a range of business management and third-sector publications, including those from the NatK)nal Council for Voluntary OrganTrsat￿nS (NCVOI. Indicator, and the Diredory of Social Change. arTh)ng othets. These publLatpJn$ 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 i￿￿e$ 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 reSP￿se to the conlinualty evdwng extemal fvrKling environment. the Trustees have consislenlly pursued a strategy ol diversrfying and fall￿allS1n9 the organisation's SeN1￿5. 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$. Additionalty, stringent pr(*edures are in place to aUth￿iSe and oversee all transadions, ensuring ¢)per*Kynal effic￿ncy. transparency. and strKI adherence to govemance and regulatcvy standards. Related Partles To ensure we prov￿￿e the best possible ￿aMing joumey for our beneftiaries, I Can Do It Ltd works in strategic partnefshp wrth nkn.onal and hxal partnws to SUPFQrt the delivery of bts servKes. Strateg ar￿ delNery ￿rtnerS include publt. piiwate and third sector ￿ganiSatIOnS including". Job Centre Plus, Oepartment of Education. Lc¢al Auth0nt￿, L¢*al Colleges, Gingerbread, Selby Trust, and national and l¢xal community organisations such as MIND, Rehffjee Council, ABC Leaming Centre, Haringey Somali Communty & Cullural Association. Ku￿1$h HcwsKng Asso¢otK)n. Leaming Palh. SE Ltd. and other organi5ations for the purposes of nets￿rkIng 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 $8t the strategic direction and goals of the Organisat￿n. The day-to-day Operat￿n$ ¥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 comMun￿￿10n wilh external stskeholders, including fvnding bodEs. partner organis*b)ns. and reguw bc#Jies. ensuring qualty and standards and managing the Charity's assets. The CEO also ensures that service delNery is both cost*ffective ar¥J of the hwJhest qualty. wthik meelwig all key perfonnance indic*ors 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 w￿rCe. 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.uk1guidar￿￿pub1lC-benefft.ruIes-1Or)nsistent wth its objects clause above. I Can Do It's main xtivilies are in pwding Informal￿n. 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 Opportunit￿S. 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 Ca￿ty 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 SUPF*Jted indivhluals from sorre of the most hard-tQ-Teach and disadvantaged demogwhics. The organisation specialises in the delivery of high-qualty Inforniat￿n. Adv1￿ and GuTdance IIAGI. which forms the Comerstone of its service offerings. In addrt￿n 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$ed one4¢x>ne and group support in afeas such as employabilty skills development. job search a55tstance, work experience placemgnts. vxanw sourcing. rrKtk Interv*ws. and postonyknymenl workforce deveW)pment. During 2024. the organisalion operated on a reduced staffing and prerni5es fr￿tprint compared lo prtor years, reflecting the contractpjn in directty fund&1 programmes whilst the eharty pursue$ its strategy of rebuilding direct delNery capacty. t)espTte thL%. the chanty maintained rts e51ablished hybrid delivery model - combinin9 in-person and online provision - wh￿h 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 sea￿h a$s￿tance. The IAG seNiees are tailored to meet the needs of indivrduals entering the workforce for the first time. as well as those sed(ing career changes cff progression within ther current employment I Can Do It has partnered Wbth over 20 I￿1 and communty referral organisations to deliver IAG end related career and employment servI￿s. These partnerships aL80 facilitale refeffals lo further and hhjher educalh)n, supporting beneficiaries in achieving their ¢dU￿t￿nal and career goals. Due to funding constraints during the year. the Charrty scakd b￿k the volume of ils iAG provision in comparison lo previous years whilst maintaining qualty standards. The IAG services are Matrix qualty assured. ensuving the Imghest standards of guidance and support. This allu4VS the organisation to assist beneficiarie5 fr￿n the very beginning of their joumey. helping them explore pathways into empk)yment, Ca￿er 8d¥aneement. or further and higher education. The Charty is commrtted lo ertsuring that beneficia￿$ are referred lo the n￿$t appropriate arning and training 0pp0rtunrt￿s. thereby fostering effectwe progressicffl and long-lerm retention. Thi$ ¢omprehensive approach enab￿$ indibryduals to realise th*r full potents"al, Suc￿5fvI￿Y 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 financ￿1 posilKJn. This result wa$ supported by the careful stewafdship of the tharty's assets and by substantially reduced operating eXp￿dItUre. as descrthd further beltyAT. Income Total income for the year wa5 £62,441 (2023.. £20.2561. The principal source of in￿rr* 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$￿'0n. The organisalion has continued to actwety pursue fvndin9 Opportunities from Charitab￿ Irusls, granl-making bodies, and through subcontracting arrangements w(th funding agenci8s. Its work remains fLKused on deliverirrfJ seNices within its core areas of expertise. supporting hard-to-reach and disadvantaged groups. These include low-skilled adults, k)ne parents. indwiduals aged 50 and over, and 8AME communrties. Benef￿larieS often face muftiple barriers, including limited English language proficiency IESOL Pre-Entry to Level 2). 1¢)w levels of literacy arKI numeracy, and insuffic*nl digital ofKI lifelong leaming skills. Addrtionalty. many lad( confvJen￿ m managing personal finances. developing employability skills. and accessing pathways into sustainable employment. As noted above, 2024 continued to be demanding in terms of Securing neN extemal programme furbding. The Trusl has Klenlified Ihe strategic prim of securing direct fvnding t)ver the next three years as its primary pathway for growth, particulaty in the Conte￿ of ¢)rwJoing reductw)ns in Publ￿ funding k non-ststutory educattr￿ and training provision. Investment pollcy and Cash management The trustees, policy is lo hold the ¢haritVs funds in inleresl-bearirwJ accounts wth reputable banking lnstrtut￿$, 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 maK*ained 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. st*ilty and to negate sole dependency on public funding. This designated fund has been preserved for the exdusNe pU￿se of future property acquisrtion on beham of the organis*ion. The des￿noted fvnd stands al £1.200.000 as at 31 December 202412023.. £1,200,C￿01. 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 cO￿luded thal, having due regard lo the charity's prcl￿ted 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 pr￿r 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 prOV￿e5 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, A0*1￿ and Guidan￿ {IAGI serviees. whether through direct ddivery ￿ through the Strateg￿ secondment of staff resources. in futherance of the chan￿S 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 all￿*e grants for charita￿e 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 d￿advantaged and underseryed communrties th* the charity serves through rts own inrt￿l￿¥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 allocat*Jn 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 progra￿The$. In order to ensure financ4al prudence and maximise value for money, delivery will be undertaken primarity through online plattoms, thereby reducing operational and ovethead costs whije fflaintaining a￿ssibIlrty. Corturrentty, the charity will implement a stnjdured programme of organisat￿nal development aimed al strengthening its operational infrastwdure and enhancing intemal capacty lo facilrtate the direct delivery of Servi￿$. 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 ￿ I￿reasing￿ 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 part￿￿laT. it will allow the organisalion lo extend support to indNiduaLs who are currentty excluded from publicly funded provision due to digibility restrict￿ns, thereby ensuring that rts services rernan al￿ned 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 financ￿1 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 found81￿n-leVel qua1rrtst￿n$. 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 M￿je1. 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 ¢￿tr￿Ule to the W￿er 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 appl￿ble 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￿ tr*m consistenty.. obserye the ffleth¢)ds and prirKiple5 Ill the CharIt￿S 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 ￿e￿n￿.￿j starrflafds have been followed. subject to any m*erial departum discbsed and explained in the financBI sL*ements,' and prepare the financ￿1 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 dI￿10$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 Rep￿rts} 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 deS￿nated 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 prepa￿d in ￿¢0rdarKe with the provisions applicable to companies entitled to .the small Co￿￿*no$ 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 dir￿t0[$ 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 exarninat￿n. 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 bel*ve: accountir4J records were not kepi in respect of the chanty as required by $&tion 386 of the 2006 Act: or the financial st0tw￿nts do not xcord wrth those records.. or Ihe finanual statements do not comply wilh the accourting rg]uirements of ￿lOn 396 of the 20￿ Acl other than any reqU1￿ment Ihal the accounts gwe a Irue and fai¢ view which is not a matter consKlered as part of an independent examination.. or the financial sLitements have been prepared in accordance with the methods and principles of the Statement of Recommended Pract*e for ￿QUAtIng and roporting by charrties apPI￿able to charrties preparing their xcounts in accordance with the Financial Reporting Standard applicable in the UK and Republ￿ of IreL8nd {FRS 102). I have no concerns and have cc¥ne across no other matern in cOnn￿t￿￿ wrth the examination lo which attention Should be drawn in this re￿t in order to enabk a proper understanding of the accounls lo be rethd. V Patgl FCA Indopondgnt Examimir Virash Bach & Co Limited 72 Lyndhurst Road Thornton Heath Surrey CR7 7PW 2 Apn'l 2026 11 I Can Do It Llmited Company Limited by Guarantse Ststsment of Financial Activities (including income and expenditu￿ account Year ended 31 December 2024 2023 Unrtstitted Restricted fijnds furrfls Total funds Total fvnd$ Income and endo￿neThts Donations and leg￿leS Charitable activities Inveslrr*nt 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,$66 1.6TI.321 1.666.920 Total a￿ets l•ss Current Uabllllles 1.677.523 1.677.523 1,667.221 1.667,221 Funds of Iho charity Restricted funds Unrestricted funds 824 1.676.699 883 1,666.338 Total charity funds 21 1.677.523 1.&87.221 For the year enditYJ 31 December 2024 the charty was entilled to exenytKin frcffi a￿Jit under section 477 oflhe Compan￿$ Ad 2(y)S rela1v￿ lo srnall compani8s. Directors, resp¢xsibililies= The members have not required the company to obtain an audrt of its firkinc￿l sL*ements for the year in question in accmpantes Act 2006. Accounting policies Fund accounting Unreslrieted funds are available tr use at the disuel￿n 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. Restr￿ted 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 modff*d by the revaluation of certain financial assets and liabilities ￿ in¥e*rnenl properties ffe8SLYed at fair value through income or expendifvre. The fin￿￿la1 ststements are wepared in $lerlirvJ. whKh i¥ the fUnd￿n01 currency of the entty. Golng ¢oncem There are no material uncertaintRs abtyjt the cher￿S abAty to ¢￿tInue. 14 I Can Do It Limited Company Limited by Guarantee Notes to the Financlal Statements (eamèJu8dJ Year ended 31 December 2024 Accotsnting policies Incoming resourrns All incoming resources are included in the statefflenl of financial activities when entitlement has passed to the charty. r< is Probab￿ that the economic benefts associated with the IransaclKJn will flow to the charty and the ar￿Unt can be rell￿ty measured. The folloW￿￿j specffic poltcie8 are applied to particular Categories of income.. - income from donations or grants is recogni58(I when there 15 e¥KSence of entilkn￿nl to the grfl. receipt ss probable and its amount can be measufed relrabty. . legacy income is re￿nised when receipt is probable and entitlefftht is estabh'shed. - income Irom donated goods L8 meaSU￿d at the fair value of the goods unbess this is imprxlical to measure reliably. in which ease the value ts derived frcth the cost to the ¢Jonor or Ihe estimated resale value. Donal&J f￿1rtieS and services are recogntsed in the accounts when receNed rf the value can be rdiabty measured. No amunts a￿ included for the contrtjulion of general vdunteers. income from contracts fLY the suppty of serV￿S ￿ recognised wrth the delivery of the contracled servKe. This is classif￿d as unrestr￿ted funds un￿S there i8 a contractual reouiremenl for it to be spent on a particuLgr purpose arKI retumed if unspent. in whKh case it may be regarded as restrKled. - investhent income is included when received. Judgements and kty sourcès of ostimation un¢•rtainty The preparation of the financial sL*ements requiffjs management to make judgements. estima18$ 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￿ aval￿ble 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 restsid￿n5 on their expendrture thlared by the donor ¢y through the tern￿ of an appeal. and fall inlo one of two subst of tr¥)se items to wh￿h il relates. 13. Net Inc¢)mel(•xpendliur•) Net incomellexpenditufe) is sl*d after chargingllcredilwig).. 2024 2023 Depreciation of tangible fNed assets 1S1 14. Independent examlnatlon lees 2024 2023 Fees pay*Jl8 to the indepermlent examiner ftr. Independent examin*ion of the financial sLitements 15. Staff costs The t(*al $tsff rnsts and empwe benefits for the rep¢￿ing wiod are analysed as fdlows.. 2024 2023 Wages and salaries Social securrty costs EffK*loyer contributKm to pen%on plans 21.584 2,781 415 64.655 2,991 1,146 24.780 68,792 19 I Can Do It Limited Company Limited by Guarantee Notes to the Financial Statements (conth Year ended 31 December 2024 The average head count of employees durirvj the year was 312023.. 41. The average number of full-lirne equivalent employees during the year ts anatysed as follows.. 2024 2023 No. Number of direct charitable staff Administrative Staff No employee received employee benefits of than £60.0(KJ during the year (2023.. Nil). Key Management P•rnoThn The totsl C¢ryenSat￿n paKI to key management (rnanaging direclor} personnel was £20.617 12023.. £34.7651 Included within the total CoMpens*k￿ pakl to the rnanaging director was £nil {2023.. £nill in respect of C￿tributK￿$ 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 FenS￿n scheme ￿ in ￿￿elpt of benefts. 16. Truste• remun•ralion and •xpwn No remuner*'on or expen￿ were paKI or pay￿le 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￿•¢Ir*rn9n¢ ￿Tr•frtS Deflned contrlbutlon plans The amunt recognised in inctyne or expenditure as an expense in relalion to defined contr*ution plans was £41512W23: £1.146). 21. Analysis of charitable funds Unrgstrlctfjd funds At 1 0￿mber 2024 1 J￿￿ary 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? c￿r￿￿Y. 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¢8M￿r 2024 1 January 2024 Income Expendrture Restr￿ted Fund 1 - Fixtures. Fittings & Equipment {601 1 J￿Uary 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 T￿1 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 $UPPOrted projects run by SE Ltd which a￿gned wrth the eharty's objectsves. deta'ls of these projects are provided in the Trustees During the year, the Iru$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 fte￿ble 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 s￿l 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 Cuf￿nt 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.