THE CONNECTION PROJECT CIC

Company limited by guarantee

Company Registration Number:
12451167 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

THE CONNECTION PROJECT CIC

Contents of the Financial Statements

for the Period Ended 28 February 2023

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

THE CONNECTION PROJECT CIC

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

The principal activity of the company in the year under review was that of running the Connection Project providingyoga, holistic therapies, counselling and support to the community.



Directors

The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023

G R Angus
P E Easterbrook
C N K Sangster
C S Walters


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
23 November 2023

And signed on behalf of the board by:
Name: C N K Sangster
Status: Director

THE CONNECTION PROJECT CIC

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 9,187 23,409
Cost of sales: ( 4,924 ) ( 6,165 )
Gross profit(or loss): 4,263 17,244
Distribution costs: 0 0
Administrative expenses: ( 12,020 ) ( 13,815 )
Other operating income: 0 0
Operating profit(or loss): (7,757) 3,429
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (7,757) 3,429
Tax: 2,566 ( 3,130 )
Profit(or loss) for the financial year: (5,191) 299

THE CONNECTION PROJECT CIC

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,302 1,480
Investments:   0 0
Total fixed assets: 1,302 1,480
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 448 12,101
Investments:   0 0
Total current assets: 448 12,101
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 720 ) ( 7,360 )
Net current assets (liabilities): (272) 4,741
Total assets less current liabilities: 1,030 6,221
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): 1,030 6,221
Members' funds
Profit and loss account: 1,030 6,221
Total members' funds: 1,030 6,221

The notes form part of these financial statements

THE CONNECTION PROJECT CIC

Balance sheet statements

For the year ending 28 February 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 23 November 2023
and signed on behalf of the board by:

Name: C N K Sangster
Status: Director

The notes form part of these financial statements

THE CONNECTION PROJECT CIC

Notes to the Financial Statements

for the Period Ended 28 February 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

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    10% on cost

    Other accounting policies

    TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except tothe extent that it relates to items recognised in other comprehensive income or directly in equity.Current or deferred taxation assets and liabilities are not discounted.Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted orsubstantively enacted by the balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balancesheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different fromthose in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws thathave been enacted or substantively enacted by the year end and that are expected to apply to the reversal of thetiming difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that theywill be recovered against the reversal of deferred tax liabilities or other future taxable profits.

THE CONNECTION PROJECT CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

THE CONNECTION PROJECT CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 1,772 1,772
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 28 February 2023 1,772 1,772
Depreciation
At 1 March 2022 292 292
Charge for year 178 178
On disposals 0 0
Other adjustments 0 0
At 28 February 2023 470 470
Net book value
At 28 February 2023 1,302 1,302
At 28 February 2022 1,480 1,480

THE CONNECTION PROJECT CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 3,130
Accruals and deferred income 0 0
Other creditors 720 4,230
Total 720 7,360

COMMUNITY INTEREST ANNUAL REPORT

THE CONNECTION PROJECT CIC

Company Number: 12451167 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

The company occupied premises at 28 Bridge Street, King’s Lynn, Norfolk PE20 5AB, providing yoga, holistic therapies, community groups and counselling to local residents. The Connection Project’s activities have benefitted the community in the following ways:Counselling sessions have been offered at reduced rate where people have been affected by financial hardship.A venue has been provided for yoga classes, holistic therapies and counselling sessions, including yoga classes for pregnancy. Free community coffee shops were offered multiple times a week at the venue to encourage socialisation following the isolation of lockdowns, as well as provide mental well-being support.Free yoga classes were offered weekly for local residents to attend at the venue.Free arts and crafts sessions were held weekly for local residents to attend at the venue. Free virtual monthly Reiki shares to support ongoing professional development, community, health and wellbeing.Free virtual monthly meditation sessions to support health and wellbeing during the pandemic.Seasonal community days were held to support social connection, health and wellbeing.Free virtual twice weekly chair yoga classes to provide social connection and support health and wellbeing for older, isolated members of the community.Multiple people were trained as Reiki practitioners giving them a new way to support themselves financially as well as being able to help support people physically, mentally and emotionally.Virtual Laughtercise classes and Soundbaths were offered to promote social connection, health and wellbeing, with reduced prices where necessary for those unable to afford the full investment. Holistic therapy sessions were offered freely or at a reduced rate to help support health and well-being. MensCraft (a local charity supporting men living with suicidal ideation) collaborated with us and brought their service users to our community groups providing an opportunity for interaction, engagement and positive community. During the year similar services commenced locally meaning that the requirement for the Project was no longer needed.The directors took the decision to cease trading with effect from 28th February 2023.

Consultation with stakeholders

Participants in classes, workshops and events have been consulted as to what would be helpful to them, this year with specific attention to needs during/following the pandemic and the pressures/stresses caused by lockdowns and isolation. This led to in-person sessions focused on socialisation, positive community and gentle support for health and well-being through yoga, arts and crafts and time with other local people. Virtual sessions continued, supporting social engagement and physical/mental well-being. Collaboration with other local mental health services led to many referrals to our groups and classes, as well as referrals for counselling and therapies. It was shown that counselling was very much needed so reduced rate and funded sessions were offered as broadly as possible to meet this need. Work with MensCraft included a very positive collaborative effort creating community space that was welcoming and supportive to men’s mental health.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 November 2023

And signed on behalf of the board by:
Name: C N K Sangster
Status: Director