SOFTLY SOFTLY YOGA CIC

Company limited by guarantee

Company Registration Number:
10151073 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2022

Period of accounts

Start date: 1 May 2021

End date: 30 April 2022

SOFTLY SOFTLY YOGA CIC

Contents of the Financial Statements

for the Period Ended 30 April 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SOFTLY SOFTLY YOGA CIC

Directors' report period ended 30 April 2022

The directors present their report with the financial statements of the company for the period ended 30 April 2022

Directors

The directors shown below have held office during the whole of the period from
1 May 2021 to 30 April 2022

Stephen Arthur Wiseman
Jan Mclachlan
James O'Donoghue
Sue Jane Tideswell


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 August 2022

And signed on behalf of the board by:
Name: Sue Jane Tideswell
Status: Director

SOFTLY SOFTLY YOGA CIC

Profit And Loss Account

for the Period Ended 30 April 2022

2022 2021


£

£
Turnover: 7,450 3,006
Cost of sales: ( 5,767 ) ( 6,255 )
Gross profit(or loss): 1,683 (3,249)
Administrative expenses: ( 2,040 ) ( 1,986 )
Other operating income: 9,440
Operating profit(or loss): (357) 4,205
Profit(or loss) before tax: (357) 4,205
Profit(or loss) for the financial year: (357) 4,205

SOFTLY SOFTLY YOGA CIC

Balance sheet

As at 30 April 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 399 598
Total fixed assets: 399 598
Current assets
Cash at bank and in hand: 3,569 1,275
Total current assets: 3,569 1,275
Creditors: amounts falling due within one year: 4 ( 3,844 ) ( 1,392 )
Net current assets (liabilities): (275) (117)
Total assets less current liabilities: 124 481
Total net assets (liabilities): 124 481
Members' funds
Profit and loss account: 124 481
Total members' funds: 124 481

The notes form part of these financial statements

SOFTLY SOFTLY YOGA CIC

Balance sheet statements

For the year ending 30 April 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 16 August 2022
and signed on behalf of the board by:

Name: Sue Jane Tideswell
Status: Director

The notes form part of these financial statements

SOFTLY SOFTLY YOGA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenueearned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similarallowances.Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This isusually at the point that the customer has signed for the delivery of the goods.Rendering of servicesTurnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract ismeasured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extentof recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at ratescalculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Computer Equipment SL

SOFTLY SOFTLY YOGA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 4 4

SOFTLY SOFTLY YOGA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2021 798 798
Additions
Disposals
Revaluations
Transfers
At 30 April 2022 798 798
Depreciation
At 1 May 2021 200 200
Charge for year 199 199
On disposals
Other adjustments
At 30 April 2022 399 399
Net book value
At 30 April 2022 399 399
At 30 April 2021 598 598

SOFTLY SOFTLY YOGA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2022

4. Creditors: amounts falling due within one year note

2022 2021
£ £
Accruals and deferred income 2,500 360
Other creditors 1,344 1,032
Total 3,844 1,392

COMMUNITY INTEREST ANNUAL REPORT

SOFTLY SOFTLY YOGA CIC

Company Number: 10151073 (England and Wales)

Year Ending: 30 April 2022

Company activities and impact

We have provided free yoga and meditation classes to those who couldn’t usually afford to participate in yoga or who hadn’t previously considered it as a way to relieve stress, help with mental and physical health issues, and holistically improve general mood and well-being. This was particularly beneficial as communities emerged from the trauma of the pandemic.We have worked with local wellbeing groups and organisations, viz Community Centres, a refuge for homeless women with complex needs) Cafe, a social enterprise Cafe in the community, working to prevent poverty, hunger and homelessness; We have developed our partnership with other social enterprises and wellbeing practitioners, running a wellbeing day, offering yoga, meditation, homeopathic advice and a therapeutic sound and gong bath for stress relief and deeper meditation. We have given people opportunities to get together share food and chat. We offered a run of classes at a new studio in the centre city, and we continue to build links with the yoga community and local businesses , networking with other social enterprises, through a new initiative designed to bring together enterprises with a community focussed ethos and approach FUSE). We have provided free yoga and meditation classes to those who couldn’t usually afford to participate in yoga or who hadn’t previously considered it as a way to relieve stress and help with mental and physical health issues. We worked with the Bloom Project to offer yoga at an all day session to improve wellbeing and reduce social isolation for vulnerable women and we will be working with a partnership project that brings together mental health support, local services and a place where everyone can feel welcome; in short, a place where people can recover eat, support and talk. Our organisation is becoming more sustainable through donations and ongoing class participation, and we have been contacted by many teachers and practitioners keen to work with our project in the future.In the future we intend to continue to run community events together with other wellbeing organisations, who offer activities to reduce social isolation, offer regular free yoga classes to vulnerable groups run regular drop-in classes at Norwich community centres serving deprived areas, like Mile Cross, enabling residents to come together and feel part of their neighbourhood Publicise and promote our organisation on social media, and to other community groups that people attend. Participants will continue to act as our ambassadors and bring friends along to benefit.

Consultation with stakeholders

Class participants , we engage in a continual process of feedback from those that attend our classes and listen to suggestions around venues , timings, teaching content, approach and style. We’ve shaped the project in response to participants needs, offering classes from various teachers with diverse approaches. Our classes have worked with people’s differing lifestyles, to fit in with work shifts, study, and, or health needs. We have provided alternative wellbeing strategies, complementing the yoga, emotional healing, through Shiatsu and Tai Chi techniques, and Feldenkrais approach somatic movement. we’re doing to make yoga more accessible to those who wouldn’t otherwise participateThe wider yoga practitioner community. We contract with local yoga teachers who help with shape service development and keep the teaching fresh and varied Local businesses. We have been given free tickets for participants for local events from the organisers which we distributed Other social enterprises, housing associations and charities. Some asked us to teach Yoga for their service users such as The Feed at Waterloo Park Norwich, approached us to work with them (The Bloom Project – for women to get together who feel socially isolated); Hinde House (residential home for women with addiction and mental health issues). Charities like Silver Rd Community Centre classes , provide space and publicise and CICs such as Better Together Norfolk, who work to tackle loneliness and social isolation, promote our classes on social media.Norfolk County Council Social Care teams. Living Well Officers and support workers spoke with service users about the benefits of our classes The National Lottery. We benefited from funding from the Awards for All Programme, to support our free yoga classes, rolling out our The Kind to Your Mind Project, designed to support vulnerable people emerging from lockdown, focusing on the beneficial effects of yoga in improving mental health (If applicable, please just state “A social audit report covering these points is attached”).

Directors' remuneration

Sue Tideswell received remuneration of £4350 and Stephen Wiseman of £350

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
4 August 2022

And signed on behalf of the board by:
Name: Stephen Arthur Wiseman
Status: Director