SOUL HAPPY SHOP COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
12328194 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2022

Period of accounts

Start date: 1 December 2021

End date: 30 November 2022

SOUL HAPPY SHOP COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SOUL HAPPY SHOP COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 November 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 1,968 2,460
Total fixed assets: 1,968 2,460
Current assets
Debtors: 4 214 0
Cash at bank and in hand: 1,370 316
Total current assets: 1,584 316
Creditors: amounts falling due within one year: 5 ( 1,304 )
Net current assets (liabilities): 280 316
Total assets less current liabilities: 2,248 2,776
Total net assets (liabilities): 2,248 2,776
Members' funds
Profit and loss account: 2,248 2,776
Total members' funds: 2,248 2,776

The notes form part of these financial statements

SOUL HAPPY SHOP COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 November 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 October 2023
and signed on behalf of the board by:

Name: Kim Anna Coley
Status: Director

The notes form part of these financial statements

SOUL HAPPY SHOP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SOUL HAPPY SHOP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

SOUL HAPPY SHOP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2021 950 1,510 2,460
Additions
Disposals
Revaluations
Transfers
At 30 November 2022 950 1,510 2,460
Depreciation
At 1 December 2021 0 0 0
Charge for year 190 302 492
On disposals
Other adjustments
At 30 November 2022 190 302 492
Net book value
At 30 November 2022 760 1,208 1,968
At 30 November 2021 950 1,510 2,460

SOUL HAPPY SHOP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Debtors

2022 2021
£ £
Other debtors 214 0
Total 214 0

SOUL HAPPY SHOP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Creditors: amounts falling due within one year note

2022
£
Accruals and deferred income 850
Other creditors 454
Total 1,304

COMMUNITY INTEREST ANNUAL REPORT

SOUL HAPPY SHOP COMMUNITY INTEREST COMPANY

Company Number: 12328194 (England and Wales)

Year Ending: 30 November 2022

Company activities and impact

We stock items that are aligned with the CIC’s ethical, eco and healthy values. By stocking zero-waste, low plastic, local, seasonal, organic, plant-based, vegan, Fairtrade, handmade and non-toxic products, we hope we have also benefited the wider community and generations to come and had a small positive impact on the planet as a whole.Building on this commitment, we've increased our product variety by expanding our herbs and apothecary, our ethical crystal collection and introduced an exciting array of hand made jewellery, and natural wicker products, our handmade eco games, and enchanting macrame wall and plant hangings, our ethical bamboo product line has grown, offering more eco-friendly options, further supporting our local economy and providing our community with healthier, sustainable choices. In our continuous efforts to improve, we have streamlined our inventory to focus on items our community values most, reducing waste and minimizing unsold dried goods.Volunteer and staff shop workers continue to offer informal, light-touch education about the ethical sourcing of stock items to the public.The community support the CIC in ways too, due to kind donations of things like empty jars, these jars (are sterilised), placed in our large packaging barrel, and become a free packaging option for the customers when they buy from our zero waste area of dried foods, herbs and apothecary goods – enabling us to charge less for the overall product because we haven't had to pay for packaging. Other donations from the community include pre loved books, clothes, plants, vegan wool, and packaging we can repurpose, even kitchenware and crockery etc to support our kitchen.We had a great start to the financial year. Comparing year on year, the first quarter income of 21/22 was nearly triple to that of the year before, but has consistently and worryingly decreased since with most of the later months income of 2022 being less than the year before.Why sales have since decreased: Since the local rise of some (less ethical) competition in the city increasing in popularity, sales on some of our best selling ethical products have naturally declined, so we have started to broaden on other ethical products.During this year the shop has provided an outlet for over 20 local artisans and small businesses. We welcomed several new suppliers over the year. We regularly receive feedback from our community on what the need their needs are and we adapt what we offer based on what we hear is wanted or needed. Our non-profit CIC status allows us to take only a small commission to cover costs, providing a truly fair price for the makers.Last year we had a focus on dried wholefoods but due to the limited shelf life of the products many items didn't sell in time for their sell-by date. So this year we focused less on dried wholefoods and more on handmade and other eco and ethical items.Soul Happy Shop has continued to offer accessible and ethical buying options to the local community, awareness on such products, as well as continue an affordable and inclusive events space and popular programme of wellbeing sessions and workshops. Supporting good mental wellbeing is still a priority for volunteers, room -hirers and the public in response to the mental health crisis following the pandemic. Room hire and eventsWe have created many opportunities for individuals, groups and community groups throughout the region to meet, discuss, create, co-create and collaborate. From wellbeing gatherings to creative events and workshops. From one of our team needing a safe and quiet space to study when their home life was difficult, to more formal Cacao CeremoniesDespite launching a new lunchtime yoga classes and some small wellbeing events and meetings, there has been a slight decline in room hire, online events and general events this year. The community allotment started well, but due to a lock of consistent volunteers, we had to give the plot up. Some great new events have emerged like the Womb Blessing Ceremonies and mini retreats, and some existing events have continued but less frequently (example with women's circles running quarterly in stead of monthly). This is also partly due to the small size of the workshop room, and its only useful for small groups.We continue to provided a cosy safe space for breastfeeding mothers within the busy shopping centre, allowed free use of the workshop room for charities and community events, and have creating a welcoming and safe atmosphere for all with our diversity and inclusion ethos.VolunteersOur volunteers are what helps to keep the shop open and connecting to the local community. All volunteers are part time, some with different mental health and emotional needs, all volunteering on average 1 day per week. We promote a good standard of work-life balance and wellbeing standards and encourage staff to do less but more consistently, than do too much and burn out.Out of the total volunteers, we have had an increase in young people wanting to support and learn more about the ethical, eco, health, and spiritual sides to what we do, or they seem to enjoy the feeling of belonging in a friendly and ethical mini team.Our volunteers have still fluctuated, and the turnover of many of our volunteers was still high, so as well as improving our induction process and staff meetings, we increased our team socials for them - to try and build on the inner community.To try and create some consistency and resilience for the organisation, we invested in some admin and part time contracted support on an ad-hoc basis to get get the shop up to a more organised and better standard. We then started consistently opening 4 days a week Thursday to Saturday 11-4pm and towards the end of the year have had enough volunteers to now open more consistently on a Sunday 1-4pm.The shop has also provided support and development opportunities for volunteers. Retail responsibility, wellbeing education, support around healthy boundaries and effective and assertive communication.Many volunteers often share that they don’t see volunteering at the shop as work, they see is as their safe space, a wholesome place of belonging for them where they know that at the same time – they feel empowered and proud to be helping the community, the people and our part of the planet. They are part of the change to a better world.One young volunteer started when she was 14 years old as a work experience 2 week post with us, and due to her enjoyment, she continued to volunteer in the shop with us and building confidence and creative ideas, until she recently went to university in Wales. She gratefully thanks us because she has been able to get a great paid role working in a local refil/ethical shop in Wales near her Uni, and has said that Soul Happy and the team have helped her feel welcome, accepted and has helped her grow and develop.With the engagement and connection, we have had with the community, Soul Happy and the team continue to receive overwhelmingly positive engagement and support from the local community, we have had many comments, messages and also thank you cards from the community, from how our support or advice or time has helped on a difficult day, supported through difficult phase, to how its helped transform lives.

Consultation with stakeholders

The company’s stakeholders are the local community of Peterborough, residents, community groups, local (and sometimes regional) suppliers and producers and the public.The director has lived in Peterborough and surrounding areas for their whole life, and they've seen, felt and experienced the local need for more ethical, environmental, sustainable, low impact, health conscious lifestyles, products and support to others. The need for 'interdependent', conscious and healthy, inclusive community that surrounds these standards and lifestyles too. There was a real gap of this being offered in the city and we were proud to step in and help try and fill some of this gap. We have a suggestions box (mainly around ideas for products) in store, and we print mini surveys and share online surveys to ask people about preferences and needs linked to events and gatherings too, what their thoughts are and how we can help more. The online surveys offer anonymous feedback too so that people feel that can feedback honestly without judgement.Despite people often requesting more selections of dried food and herbs, many of the dried foods were not purchased by the community enough before its expiry date, so we have had to cut back on our range of food options and focus on suggestions of non food related items.We pride ourselves on being friendly and having genuine conversations. We enjoy serving our community as a whole and it shows. Some people are struggling in life and share how they find relief in coming to the shop in their weekly rituals, some share how the shop has supported them with their wellbeing or spiritual development. Some people say they support us simply because they want to support good things in the city.

Directors' remuneration

Kim Coley, as the director of Soul Happy Shop, receives a modest remuneration of £200 per month for her considerable contribution that spans between 4 and up to 9 days of work there each month.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Kim Anna Coley
Status: Director