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2023-09-30-accounts

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of Fresh Start Futures Enterprises Limited On accounts for the year 30[th] September 2023 Charity no 1191533 ended (if any) Set out on pages 1 to 10

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/09/2023.

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 30/09/24

Signed: Name: Paren M Shah Relevant professional FCCA qualification(s) or body (if any): Address: 15 Mount Road New Barnet London N12 9RL

1

October 2018

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

October 2018

IER

Fresh Start Future Enterprises Annual Report

1. Introduction

Fresh Start Future Enterprises is dedicated to rehabilitating and reintegrating ex-offenders by providing tailored support to address housing, education, employment, and mental health needs. This report outlines the charity’s activities, achievements, and financial standing for the year ending 2024.

2. Trustees and Leadership

Our board of trustees is composed of Five experienced professionals, each contributing a unique blend of expertise in governance, criminal justice, human resources, and business management.

All trustees were actively involved throughout the year in overseeing the charity's activities, attending regular meetings, and making key decisions regarding strategy and operations.

3. Charitable Objectives

Charitable Objects : The charity’s primary mission is to promote the rehabilitation and resettlement of ex-offenders through education, mentoring, and holistic support.

Vision : To empower individuals leaving the criminal justice system to lead productive, crime-free lives,

fostering safer communities.

Mission : Reduce recidivism rates and increase community integration through targeted, traumainformed interventions.

4. Activities, Achievements, and Performance

Summary of Activities :

Since September 2020, Fresh Start Future Enterprises has provided wrap-around support to over 400 clients across Norfolk, Suffolk, Essex, and Cambridgeshire. The key areas of support include housing advocacy, employment training, mental health services, and addiction recovery programs.

Case Study – Michael’s Journey

Michael, a 52-year-old, faced decades of substance abuse and mental health challenges upon release from prison. Fresh Start supported him through the initial housing crisis, secured a place in a rehabilitation program, and provided ongoing employment advocacy. Today, Michael is employed fulltime, reunited with his family, and living a stable life.

Case Study – John's Story

John, a former offender with a history of addiction, entered Fresh Start’s support system after being released. With our help, John accessed rehabilitation services, re-entered the workforce, and transformed his life. His success exemplifies how targeted support can create lasting change.

5. Public Benefit Statement

Fresh Start Future Enterprises complies with the Charity Commission’s guidelines for public benefit. Our services are freely available to ex-offenders and those involved in the criminal justice system, ensuring they can reintegrate into society and become law-abiding citizens. By reducing reoffending, our charity helps to improve public safety and reduce the burden on the criminal justice system, contributing to wider societal well-being.

6. Financial Review

Income :

The charity generated an income of £135,456 during the financial year, mainly through a mixture of grants and contracts from local councils, charitable donations, and criminal justice services.

Expenditure :

The total expenditure amounted to £151,386 , which was allocated towards client support services, administrative costs, and program delivery.

Reserves Policy :

The trustees established a reserves policy of 1 months operational cots, this was changed from 3 months by the board of trustees due to the cost of living crisis.

7. Risk Management

The trustees have conducted a thorough risk assessment and identified key risks in the areas of funding, service demand, and operational challenges. To mitigate these risks, we have diversified our income streams by applying for additional grants and securing corporate partnerships. Additionally, we have strengthened our internal monitoring systems to ensure efficient service delivery and risk management.

8. Plans for Future Periods

Looking ahead, Fresh Start Future Enterprises plans to expand its reach into new regions and enhance its services in response to growing demand. Our primary objectives include:

9. Key Metrics and Successes

10. Collaborations and Partnerships

Fresh Start Future Enterprises has built strong partnerships with key organisations to maximize our impact:

11. Volunteer and Community Engagement

Volunteers have been integral to Fresh Start’s success, contributing over 1,000 hours of service this year. They have supported everything from administration and mentoring to running community events that raise awareness and funding.

Our community engagement initiatives have been well received, allowing us to connect with more local businesses and individuals who are eager to support our mission through donations or volunteering.

12. Testimonials

“Fresh Start gave me a second chance. I was on the verge of losing everything, but they helped me get back on my feet.” – Client B.

“The support we received from Fresh Start was incredible. Their dedication to reducing reoffending is truly making a difference in the community.” – Stakeholder, HMP Chelmsford.

Docusign Envelope ID: 8826744F-657C-49E9-8D39-C0D722A26516

Company Registration No. 12371507 (England and Wales)

FRESH START FUTURE ENTERPRISES LIMITED ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

Docusign Envelope ID: 8826744F-657C-49E9-8D39-C0D722A26516

FRESH START FUTURE ENTERPRISES LIMITED ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

Page
Company information 3
Directors' report 4
Accountants' report 5
Income statement 6
Statement of financial position 7
Notes to the accounts 8
Detailed profit and loss account 10

Docusign Envelope ID: 8826744F-657C-49E9-8D39-C0D722A26516

FRESH START FUTURE ENTERPRISES LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2023

Directors

Company Number

Registered Office

Cathryn Grint Charlotte James Saziya Mirza Kerry Norman 12371507 (England and Wales)

60-62 Unit 20 & 21 Pitt Street Norwich NR3 1DF England

Docusign Envelope ID: 8826744F-657C-49E9-8D39-C0D722A26516

FRESH START FUTURE ENTERPRISES LIMITED (COMPANY NO: 12371507 ENGLAND AND WALES) DIRECTORS' REPORT

The directors present their report and accounts for the year ended 30 September 2023.

Directors

The following directors held office during the whole of the period:

Cathryn Grint Saziya Mirza Kerry Norman

Charlotte James was appointed on 30 September 2023.

Statement of directors' responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Signed on behalf of the board of directors

............................................................................

Cathryn Grint Director

Approved by the board on: 16 September 2024

Docusign Envelope ID: 8826744F-657C-49E9-8D39-C0D722A26516

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF FRESH START FUTURE ENTERPRISES LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fresh Start Future Enterprises Limited for the year ended 30 September 2023 as set out on pages 6 - 9 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.

Chartered Certified Accountants

16 September 2024

Docusign Envelope ID: 8826744F-657C-49E9-8D39-C0D722A26516

FRESH START FUTURE ENTERPRISES LIMITED INCOME STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2023

Turnover
Cost of sales
Gross profit
Administrative expenses
Operating (loss)/profit
Interest receivable and similar income
Interest payable and similar charges
(Loss)/profit on ordinary activities before taxation
Tax on (loss)/profit on ordinary activities
(Loss)/profit for the financial year		 2023
£
135,447
-
135,447
(151,028)
(15,581)
9
(358)
(15,930)
-
(15,930)		 2022
£
114,987
(66,484)
48,503
-
48,503
-
-
48,503
-
48,503

Docusign Envelope ID: 8826744F-657C-49E9-8D39-C0D722A26516

FRESH START FUTURE ENTERPRISES LIMITED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2023

Notes
Fixed assets
Tangible assets
4
Current assets
Debtors
5
Cash at bank and in hand
Creditors: amounts falling due within one year
6
Net current (liabilities)/assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
7
Net assets
Capital and reserves
Profit and loss account
Shareholders' funds		 2023
£
43,651
8,521
7,068
15,589
(17,784)
(2,195)
41,456
(11,724)
29,732
29,732
29,732		 2022
£
9,033
-
46,087
46,087
(3,244)
42,843
51,876
-
51,876
51,876
51,876

For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by

Cathryn Grint Director

Company Registration No. 12371507

Docusign Envelope ID: 8826744F-657C-49E9-8D39-C0D722A26516

FRESH START FUTURE ENTERPRISES LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Statutory information

Fresh Start Future Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 12371507. The registered office is 60-62 Unit 20 & 21, Pitt Street, Norwich, NR3 1DF, England.

2 Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

Tangible fixed assets and depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant & machinery
25% SLM
Motor vehicles
25% SLM
Computer equipment
25% SLM
4
Tangible fixed assets
Cost or valuation
At 1 October 2022
Additions
At 30 September 2023
Depreciation
At 1 October 2022
Charge for the year
At 30 September 2023
Net book value
At 30 September 2023
At 30 September 2022
5
Debtors
Amounts falling due within one year
Accrued income and prepayments		 Plant &
machinery
£
At cost
8,765
4,302
13,067
2,957
2,785
5,742
7,325
5,808		 Motor
vehicles
£
At cost
4,300
36,470
40,770
1,075
9,255
10,330
30,440
3,225		 Computer
equipment
£
At cost
-
6,570
6,570
-
684
684
5,886
-
2023
£
8,521		 Total
£
13,065
47,342
60,407
4,032
12,724
16,756
43,651
9,033
2022
£
-

Docusign Envelope ID: 8826744F-657C-49E9-8D39-C0D722A26516

FRESH START FUTURE ENTERPRISES LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

6 Creditors: amounts falling due within one year
Creditors: amounts falling due within one year
Bank loans and overdrafts
Obligations under finance leases and hire purchase contracts
Trade creditors
Taxes and social security
Other creditors
Creditors: amounts falling due after more than one year
Bank loans		 2023
£
1,687
20,264
5,709
10,399
(20,275)
17,784
2023
£
11,724		 2022
£
-
-
-
-
3,244
3,244
2022
£
-

7 Creditors: amounts falling due after more than one year

8 Average number of employees

During the year the average number of employees was 0 (2022: 0).

Docusign Envelope ID: 8826744F-657C-49E9-8D39-C0D722A26516

FRESH START FUTURE ENTERPRISES LIMITED DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023

This schedule does not form part of the statutory accounts.

Turnover
Sales
Cost of sales
Purchases
Other direct costs
Gross profit
Administrative expenses
Wages and salaries
Employer's NI
Temporary staff and recruitment
Travel and subsistence
Motor expenses
Rent
Light and heat
Telephone and fax
Stationery and printing
Bank charges
Insurance
Software
Repairs and maintenance
Depreciation
Donations
Sundry expenses
Consultancy fees
Advertising and PR
Other legal and professional
Operating (loss)/profit
Interest receivable
Interest receivable
Interest payable
Bank loans and overdrafts
(Loss)/profit on ordinary activities before taxation		 2023
£
135,447
-
-
-
135,447
86,381
(372)
350
16,465
1,793
7,680
135
3,378
137
16
4,969
60
1,724
12,725
180
4,388
8,893
1,788
338
151,028
(15,581)
9
358
(15,930)		 2022
£
114,987
44,494
21,990
66,484
48,503
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
48,503
-
-
48,503