Company Registration Number - 09518038 Charity Registration Number - 1163075
I Can and I Am Limited Report and Accounts 31 March 2025
## **I Can and I Am Limited**
## **Report and accounts for the year ended 31 March 2025**
## **Contents**
||**Page**|
|---|---|
|**Annual Report**|1 to 3|
|**Independent Accountant's Report**|4 to 5|
|**Statement of Financial Activities**|6|
|**Balance sheet**|7|
|**Notes to the accounts**|8 to 12|
## **I Can and I Am Limited**
Company Registration Number - 09518038
## **Trustees' Annual Report for the year ended 31 March 2025**
## _**Introduction**_
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of I Can & I Am for the year 1 April 2024 to 31 March 2025. The trustees have prepared this report in accordance with the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities.
## _**Reference and administrative details**_
- Charity name: I Can & I Am Limited
- **•** Charity number: 1163075 (England & Wales) **•** Company number: 09518038 **•** Incorporation: 30 March 2015 **•** Charity registration: 10 August 2015 **•** Registered & principal office: The Orchard, 7a Warminster Road, Beckington, Frome, BA11 6SP
- Trustees during the year: - J Kendall - C P Goddard - S Sayer - R Hourston (appointed March 2025)
## _**Structure, Governance & Management**_
The charity is governed by its Memorandum and Articles of Association and is a company limited by guarantee. The Management Committee of four trustees meets quarterly and oversees strategy and governance.
## Day-to-day management is delegated to:
- James Shone – Founder
- Rebecca Burton – Charity Manager - Anthony Dutton – Operations Manager - Alice Delap – Education Lead - Tom Ratnett – Driver
They are supported by 12 freelance facilitators who assist on the buses.
## **Charitable Objects & Aims**
The charity’s objects are:
“To advance the education of the public in the subject of inspiring their self-belief in who they are and what they can do, improving their confidence and encouraging their ambitions to achieve. this will be done by providing advice in particular through motivational talks, one on one development sessions and counsel. the focus will be on groups of young people and those who are involved in pastoral care but will include other persons as the charity trustees think fit.”
## **Activities & Public Benefit**
The trustees confirm they have complied with the duty to have due regard to Charity Commission guidance on public benefit.
In 2024–25, activities focused on:
- Primary beneficiaries: Young people (school years 5–13)
- Secondary beneficiaries: Teachers, parents, youth leaders, and others working with young people Key strategies:
- Motivational presentations by James Shone
- Bus-based workshops (pizza-making & group discussions)
- Free online resources for schools
- Blogs and newsletters for subscribers
## **Achievements & Performance**
- Bus Programme: ○ 86 schools visited
- 238 delivery days
- 10,136 visitors
- Survey results: average rating 4.77/5; 82% reported higher self-belief; 76% found the learning/talking most useful
- ○ Second bus launched February 2024, expanding reach
- Presentations: 40 chargeable visits (down from 70) due to health and external funding pressures in private schools, but feedback remained exceptional.
- Growth & Recognition: ○ Welcomed fourth trustee, Beks Hourston ○ Expanded to 12 freelance facilitators ○ Finalist in the Bath Life Awards
- Celebrated 25,000th bus visitor and 10th anniversary
- Fully booked bus programme, with six-month waiting lists
1
## **I Can and I Am Limited**
Company Registration Number - 09518038
## **Trustees' Annual Report for the year ended 31 March 2025**
## **Impact**
- Our work has a lasting and profound impact on young people, teachers, and schools. Feedback highlights this: **•** _“The best pastoral care INSET I’ve ever attended.” – Teacher, Loughborough Grammar School_ **•** _“Inspirational… life-enhancing and not often found in the curriculum.” – Headmaster, Port Regis School_ **•** _“The most memorable visit our students have experienced at school.” – Deputy Head, Kingdown School_
- _**Financial review**_ The trustees consider the financial performance during the year to have been satisfactory. **•** The Management Committee has examined the charity’s requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be 6 months of the expenditure. Budgeted expenditure for 2025/2026 is £470,000 and therefore the target is £235,000 (half) in general funds. The reserves are needed to meet the working capital requirements of the charity and the Management Committee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. The present level of reserves available to the charity of £368,042 is therefore comfortably above the desired target level.
- **•** Funding sources: Donations from generous supporters (notably Howdens Ltd and Boodles Ltd), complemented by presentation income.
- **•** Fundraising events: ○ Bath Half Marathon (£8,000) ○ Triathlon-4-All (£28,000) ○ Golf Day (£9,000)
- **•** Investment policy: nvestment policy is to seek return on reserved funds through low risk deposits. These are managed by Insignis, with maximum £80,000 in each account to ensure protection and strong returns.
- _**Future Priorities**_ **•** Increase presentation income as James’s health improves **•** Maintain high-quality delivery of bus programme **•** Charge a small “commitment fee” for state schools (from September 2025) **•** Broaden donor base and secure long-term commitments **•** Develop additional resources for schools **•** Expand staff capacity in fundraising and programme management **•** Strengthen measurement of “lasting impact” to attract support **•** expanding and developing materials and content of programmes to support lasting positive change and resilience in young people
## _**Trustees’ Responsibilities**_
The trustees (also directors of I Can & I Am Limited) are responsible for preparing the Trustees’ Report and financial statements in accordance with company law and United Kingdom Accounting Standards.
They must ensure the accounts:
- Give a true and fair view of the charity’s financial activities and position
- Are prepared using suitable accounting policies and prudent estimates
- - Comply with Part 15 of the Companies Act 2006
- Comply FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
Trustees are also responsible for safeguarding assets, maintaining accurate records, and ensuring proper governance.
## **Independent Examination**
The Independent examiner:
Emma D'Aubyn, ICAEW Mutu Accountancy Ltd Unit 1.03 Newark Works 2 Foundry Lane Bath BA2 3GZ
## 26 Sep 2025
## **Approval**
This report was approved by the board of trustees on ….....................................................
…....................................................................................................................... C P GODDARD Director and Trustee
2
## **I Can and I Am Limited**
## **Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2025**
I report to the Trustees on my examination of the financial statements of the charitable company for the year ended 31 March 2025.
## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**
As described in the Trustees report, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(2) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with the Companies Act 2006 and that no member or members have requested an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Basis of Independent Examiner's Statement and scope of work undertaken**
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission.
An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide.
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
3
## **I Can and I Am Limited**
## **Independent Examiner's Statement, Report and Opinion**
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;
have not been prepared in accordance with the methods and principles set out in Statement of Recommended Practice for Accounting and Reporting by Charities.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Emma D'Aubyn - Independent Examiner
Chartered Accountants Mutu Accountancy Ltd 1.03 Newark Works Foundry Lane Bath BA2 3DZ
This report was signed on 17th September 2025
4
## **I Can and I Am Limited - Statement of Financial Activities for the year ended 31 March 2025**
_**Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2025, as required by the Companies Act 2006)**_
|**Income & Endowments from:**
Donations and legacies
A
Charitable activities
A
Investments
A
**Total income**
**A**
**Expenditure on:**
Charitable activities
B
**Total expenditure**
**B**
**Net income/(expenditure) for the year**
**Net income after transfers**
**A-B**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**
**S**
**O**
**R**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
1
352,634
2
71,574
4
11,054
**435,262**
2
446,997
**446,997**
**(11,735)**
**-**
**(11,735)**
**(11,735)**
379,777
**368,042**
|**Prior year**
**Unrestricted**
**Funds**
**2024**
**£**
294,023
131,349
2,936
**428,308**
385,056
**385,056**
**43,252**
**43,252**
**43,252**
336,525
**379,777**|
|---|---|---|
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required All activities derive from continuing operations
5
## **I Can and I Am Limited - Balance Sheet as at 31 March 2025**
|Notes
**Ref**
**Fixed assets**
A
Tangible assets
8
A2
**Current assets**
B
Debtors
9
B2
Cash at bank and in hand
B4
**Total current assets**
**Creditors: amounts falling due within**
**one year**
10
C1
**Net current assets**
**The total net assets of the charity**
**Unrestricted Funds**
Unrestricted Revenue Funds
14
Unrestricted Revaluation Reserve
14
D4
**Total charity funds**
**The total net assets of the charity are funded by the f**|**2025**
**£**
30,470
19,517
330,211
349,728
12,156
337,572
368,042
368,042
368,042
**unds of the charity, as follows:-**|24,371
338,658
363,029
23,195|**2024**
**£**
39,943
339,834
379,777
379,777
379,777|
|---|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 8.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
…...................................................................................... 26 Sep 2025 **C P GODDARD** Trustee Approved by the board of trustees on …..........................................................
6
## **I Can and I Am Limited Notes to the Accounts for the year ended 31 March 2025**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared in accordance with the Financial Reporting Standard 102, (effective 1st January 2016), the Statement of Recommended Practice for Accounting and Reporting by Charities, and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No restatement was found to be required.
## **Going Concern**
The charitable activities are dependent on continuing voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods **,** the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern.
## _**Policies relating to categories of income and income recognition.**_
## **Nature of income**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Categories of Income**
Income is categorised as income from voluntary donations and income from trading activities. Trading activities relate to speeches and attendances by the charity at schools and other similar organisations.
## **Income recognition**
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## **Recognition of liabilities and expenditure**
## _**Ensuring our work delivers our aims**_
We review our aims, objectives and activities each year. The review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each of the key activities and the benefits they have brought to those groups of people we are set up to help.
## **Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
7
## **I Can and I Am Limited**
## **Notes to the Accounts for the year ended 31 March 2025**
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## **Tangible fixed assets**
Tangible fixed assets are measured at their original cost value, or subsequent revaluation. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Plant and machinery etc. 33% straight line Motor vehicles 25% reducing balance
A regular annual review of the likelihood of asset impairment is undertaken.
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **Cash and bank balances**
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.
Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
The charity is a company limited by guarantee and has no share capital.
## **4 Significance of financial instruments to the charity's position**
There are no significant implications of financial instruments to the charity's position.
## **5 Net income/(expenditure)**
|**Net income/(expenditure)**|||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|The net surplus before tax in the financial year is stated after charging:-|||
|Depreciation of owned fixed assets|10,057|11,309|
|Independent Examiner's fee|330|330|
|Accountancy fees paid to Independent Examiner for other services|1,824|684|
8
## **I Can and I Am Limited**
## **Notes to the Accounts for the year ended 31 March 2025**
## **6 Staff costs and emoluments**
|**_Salary costs_**
Wages and salaries
Social security costs
Pensions costs
**Total salaries, wages and related costs**
**_Numbers of full time employees or full time equivalents_**
The average number of total staff employed in the year was
One employee received emoluments in excess of £60,000.|**2025**
**£**
209,832
17,922
4,663
**232,417**
**2025**
4|**2024**
**£**
180,981
14,547
3,836
**199,364**
**2024**
4|
|---|---|---|
- **7 Remuneration and payments to Trustees and persons connected with them**
No trustees received remuneration in the year.
## **8 Tangible fixed assets**
|**Cost**
At 1 April 2024
Additions
**At 31 March 2025**
**Depreciation**
At 1 April 2024
Charge for the year
**At 31 March 2025**
**Net book value**
At 31 March 2025
At 31 March 2024
**9**
**Debtors**
Trade debtors
Accrued income
Prepayments
Other debtors
**10 Creditors: amounts falling due within one year**
Accruals
Taxation and Social Security
Other creditors|**Total**
**£**
66,952
585
**67,537**
27,009
10,057
**37,066**
**30,471**
**39,943**|**Computer**
**Equipment**
**£**
6,634
585
**7,219**
6,417
125
**6,542**
**677**
**217**
**2025**
**£**
4,048
12,834
1,141
1,494
**19,517**
**2025**
**£**
894
6,062
5,200
**12,156**|**Motor**
**Vehicles**
**£**
60,318
-
**60,318**
20,592
9,932
**30,524**
**29,794**
**39,726**
**2024**
**£**
5,022
-
4,533
14,816
**24,371**
**2024**
**£**
894
4,028
18,273
**23,195**|
|---|---|---|---|
9
## **I Can and I Am Limited**
## **Notes to the Accounts for the year ended 31 March 2025**
|**11 Income and Expenditure account summary**
**At 1 April 2024**
Surplus/(loss) after tax for the year
**At 31 March 2025**|**2025**
**£**
379,777
(11,735)
**368,042**|**2024**
**£**
336,525
43,252
**379,777**|
|---|---|---|
## **12 Related party transactions**
There were no transactions with related parties in the year, except with regard to trustees' remuneration and trustees' expenses which are fully disclosed in the notes above.
## **13 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 March 2025**
Tangible Fixed Assets
Current Assets
Current Liabilities
**At 1 April 2024**
Tangible Fixed Assets
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
20,087
349,728
(12,156)
**357,659**
**Unrestricted**
**funds**
**£**
29,559
363,029
(23,195)
**369,393**|**Designated**
**funds**
**£**
-
-
-
**-**
**Designated**
**funds**
**£**
-
-
-
**-**|**Restricted**
**funds**
**£**
10,384
-
-
**10,384**
**Restricted**
**funds**
**£**
10,384
-
-
**10,384**|**Total**
**Funds**
**£**
**30,471**
**349,728**
**(12,156)**
**368,042**
**Total**
**Funds**
**£**
**39,943**
**363,029**
**(23,195)**
**379,777**|
|---|---|---|---|---|
|**14**
**15 **|**_Unrestricted and designated funds:-_**
General fund
**Analysis of movements in funds over the year as sh**
**_Unrestricted and designated funds:-_**
General fund
Designated Revenue Funds
**Change in total funds over the year as shown in Not**|**own in Note 14**
**Income**
**2025**
**£**
435,262
-
**435,262**
**e 13 , analysed by i**|**Funds**
**brought**
**forward**
**£**
379,777
**Expenditure**
**2025**
**£**
(446,997)
-
**(446,997)**
**ndividual funds**|**Movement**
**in funds**
**£**
(11,735)
**Other**
**Gains &**
**Losses**
**2025**
**£**
**-**
**-**|**Funds**
**carried**
**forward**
**£**
**368,042**
**Movement**
**in funds**
**2025**
**£**
**(11,735)**
**-**
**(11,735)**|
|---|---|---|---|---|---|
10
## **I Can and I Am Limited**
## **Notes to the Accounts for the year ended 31 March 2025**
## **16 Ultimate controlling party**
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
11
## **Issuer**
Mutu Accountancy
**Document generated** Tue, 23rd Sep 2025 11:35:57 BST
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## **Parties involved with this document**
## **Document processed**
## **Party + Fingerprint**
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## **Audit history log**
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## **Action**
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