WISE MINDED WELLBEING CIC

Company limited by guarantee

Company Registration Number:
13295119 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

WISE MINDED WELLBEING CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

WISE MINDED WELLBEING CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 22,069 13,165
Cost of sales: 0 0
Gross profit(or loss): 22,069 13,165
Distribution costs: 0 0
Administrative expenses: ( 21,950 ) ( 10,369 )
Operating profit(or loss): 119 2,796
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 71 ) ( 116 )
Profit(or loss) before tax: 48 2,680
Profit(or loss) for the financial year: 48 2,680

WISE MINDED WELLBEING CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 327 188
Investments:   0 0
Total fixed assets: 327 188
Current assets
Stocks:   0 0
Debtors: 4 2,100 1,700
Cash at bank and in hand: 2,365 2,484
Total current assets: 4,465 4,184
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 2,523 ) ( 2,151 )
Net current assets (liabilities): 1,942 2,033
Total assets less current liabilities: 2,269 2,221
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 2,269 2,221
Members' funds
Profit and loss account: 2,269 2,221
Total members' funds: 2,269 2,221

The notes form part of these financial statements

WISE MINDED WELLBEING CIC

Balance sheet statements

For the year ending 31 March 2023 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 27 September 2023
and signed on behalf of the board by:

Name: Dr A K Downes
Status: Director

The notes form part of these financial statements

WISE MINDED WELLBEING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 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

WISE MINDED WELLBEING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

WISE MINDED WELLBEING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 180 65 245
Additions 244 244
Disposals
Revaluations
Transfers
At 31 March 2023 424 65 489
Depreciation
At 1 April 2022 36 21 57
Charge for year 84 21 105
On disposals
Other adjustments
At 31 March 2023 120 42 162
Net book value
At 31 March 2023 304 23 327
At 31 March 2022 144 44 188

WISE MINDED WELLBEING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 2,100 1,700
Total 2,100 1,700

WISE MINDED WELLBEING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 459
Accruals and deferred income 390 360
Other creditors 2,133 1,332
Total 2,523 2,151

COMMUNITY INTEREST ANNUAL REPORT

WISE MINDED WELLBEING CIC

Company Number: 13295119 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Wise Minded Wellbeing CIC is a mental health service, which supports the mental health and wellbeing of children, young people and adults from Kirklees and the surrounding areas. Wise Minded Wellbeing CIC was incorporated in March 2021, so this is the CIC’s second year of operation.During the year 2022-2023, Wise Minded Wellbeing CIC has benefited the community in the following ways:1 - 18 individuals (11 adolescents and 7 adults) have accessed one-to-one psychological therapy, and between them completed a total of 199 individual sessions. These sessions have supported individuals experiencing a range of mental health difficulties such as anxiety,depression, stress, low self-esteem/confidence, difficulties managing emotions.2 - 8 individuals have accessed a total of 29 subsidised, small group, yoga classes. Students have reported that these classes have benefited their mental health and wellbeing, as well as aiding relaxation. Subsidising these classes has allowed them to remain small classes, therefore making them more accessible to people who do not feel confident in larger groups.3 - 2 children have accessed one-to-one yoga therapy, and between them have completed a total of 21 individual sessions. These sessions have supported the children to develop skills for managing difficult emotions more effectively - through increased awareness of their body and mind, as well as developing specific tools and skills (such as breathing practices).4 - 2 women have accessed one-to-one yoga therapy, and between them have completed a total of 5 individual sessions. These sessions were funded by the CIC, from last year's profits. The sessions have supported the women to develop skills for managing difficult emotions (such as low mood and stress) more effectively, as well as giving them some tools to manage the impacts of menopause more effectively.5 - One women’s circle was held, which was attended by 3 women. This provided the women an opportunity to rest, engage in therapeutic yoga practices, and spend time connecting with each other in a respectful and non-judgemental environment.6 - £43 was invested into good quality self-help books, to add to the small library that clients of Wise Minded Wellbeing CIC can access.7 - £168 was invested into good quality yoga props (bolsters) to support greater comfort during yoga therapy sessions.

Consultation with stakeholders

Stakeholders for Wise Minded Wellbeing CIC include:1 - Those members of the local community (Kirklees and surrounding areas) who have, or are at risk of, developing mental health difficulties.2 - Those members of the community who have accessed, or are accessing, therapeutic interventions or general yoga classes with Wise Minded Wellbeing CIC.3 - Those who may refer individuals for therapeutic interventions, including local GPs, Social Prescribers, other health and social care professionals, and carers of those experiencing mental health difficulties.4 - Those who may fund or commission services for people with mental health difficulties.5 - Other third sector organisations who work for the benefit of the same community.Wise Minded Wellbeing CIC has asked for feedback from members of the community who have accessed our services. Both those accessing psychological therapy, and those accessing yoga classes, have provided positive feedback about their experiences, often making good progress towards any goals set as part of the therapeutic process.

Directors' remuneration

The total amount of remuneration received by Directors was £15,084 (see ‘Staff Costs’ on the Income Statement submitted as part of the accounts).There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
9 October 2023

And signed on behalf of the board by:
Name: Dr A K Downes
Status: Director