SOFTLY SOFTLY YOGA CIC

Company limited by guarantee

Company Registration Number:
10151073 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

SOFTLY SOFTLY YOGA CIC

Contents of the Financial Statements

for the Period Ended 30 April 2023

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 2023

The directors present their report with the financial statements of the company for the period ended 30 April 2023

Directors

The directors shown below have held office during the whole of the period from
1 May 2022 to 30 April 2023

Jan Mclachlan
Stephen Arthur Wiseman
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
20 November 2023

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

SOFTLY SOFTLY YOGA CIC

Profit And Loss Account

for the Period Ended 30 April 2023

2023 2022


£

£
Turnover: 7,133 7,450
Cost of sales: ( 4,012 ) ( 5,767 )
Gross profit(or loss): 3,121 1,683
Administrative expenses: ( 3,745 ) ( 2,040 )
Operating profit(or loss): (624) (357)
Profit(or loss) before tax: (624) (357)
Profit(or loss) for the financial year: (624) (357)

SOFTLY SOFTLY YOGA CIC

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 199 399
Total fixed assets: 199 399
Current assets
Cash at bank and in hand: 7,217 3,569
Total current assets: 7,217 3,569
Creditors: amounts falling due within one year: 4 ( 7,916 ) ( 3,844 )
Net current assets (liabilities): (699) (275)
Total assets less current liabilities: (500) 124
Total net assets (liabilities): (500) 124
Members' funds
Profit and loss account: (500) 124
Total members' funds: ( 500) 124

The notes form part of these financial statements

SOFTLY SOFTLY YOGA CIC

Balance sheet statements

For the year ending 30 April 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 20 November 2023
and signed on behalf of the board by:

Name: Stephen Arthur Wiseman
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 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

    Turnover policy

    2.2. TurnoverTurnover 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 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

SOFTLY SOFTLY YOGA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 798 798
Additions
Disposals
Revaluations
Transfers
At 30 April 2023 798 798
Depreciation
At 1 May 2022 399 399
Charge for year 200 200
On disposals
Other adjustments
At 30 April 2023 599 599
Net book value
At 30 April 2023 199 199
At 30 April 2022 399 399

SOFTLY SOFTLY YOGA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 6,260 2,500
Other creditors 1,656 1,344
Total 7,916 3,844

COMMUNITY INTEREST ANNUAL REPORT

SOFTLY SOFTLY YOGA CIC

Company Number: 10151073 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

We have continued to provide yoga and meditation classes to those who could not usually afford to do them or have previously considered it as a way to relieve stress, help with mental and physical health issues, and move towards wellbeing. This year, those who discovered yoga through previous projects run by Softly Softly Yoga have remained with us as regular attendees, who often recommend our classes to friends or bring them along. We worked with local community groups and organisationsCommunity Centres, Silver Road, and The Phoenix Centre, as well as Hinde House, a refuge for homeless women with complex needs, Waterloo Park, The Feed 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, such as the Cloth of Kindness a sewing and wellbeing group. We offered a wellbeing event offering yoga, meditation, homeopathic advice and a therapeutic sound and gong bath for stress relief and deeper meditation. The sound bath was very well received, we ran another earlier this year and have plans for a Christmas wellbeing event and sound bath.We have given people opportunities to get together share food and chat. We offered a run of classes taught by Ivana, a highly accomplished teacher of hatha and yin yoga and spiritual practitioner, at a local studio. We organised a yoga for older men class at the same venue, taught by a man who discovered the physical and mental benefits of yoga for those with typical older male bodies and issues. We also planned a run of restorative yoga classes, where people can access deep rest with the aid of props and equipment run by an advanced yoga practitioner. Later this year we plan to offer some tailored one to one yoga therapy sessions. We forged relationships in the community and with local businesses, networking with other social enterprises. We have entered into dialogue with a local initiative campaigning to set up a creative hub of arts and wellbeing groups.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 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 dropin 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 publicise our work through word of mouth and bring their 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 have 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, i.e., 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. The wider yoga practitioner community. We contract with local yoga teachers who help service development, offering expertise in areas like neuro-divergence and yoga therapy and keep the teaching fresh and varied. Local businesses. We have been given free tickets for local events like Norwich Yoga festival from the organisers, which we distributed amongst our service users who would not otherwise have accessed these well-being events.Other social enterprises, housing associations and charities. Some asked us to teach Yoga for their service users such as Hinde House (residential home for women with addiction and mental health issues). We attended an event with The Cloth of Kindness organised to support sex workers well-being. Silver Rd Community Centre, The Phoenix Centre MX and Waterloo Park The Feed Cafe provide space and publicise our work.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, Lottery funding supported The Kind Your Mind Project, 2022 -2023 and our current project The Yoga Reset Project 2023 designed to alleviate stress and act as a counterpoint to the economic hardship many people are currently experiencing.

Directors' remuneration

Sue Tideswell, Director £3000

Transfer of assets

No transfer of assets other than for full consideration

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

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