THRIVE KNOWSLEY CIC

Company limited by guarantee

Company Registration Number:
14265978 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 August 2022

End date: 31 August 2023

THRIVE KNOWSLEY CIC

Contents of the Financial Statements

for the Period Ended 31 August 2023

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

THRIVE KNOWSLEY CIC

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal activities of the company

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.- select suitable accounting policies and then apply them consistently;- make judgements and estimates that are reasonable and prudent;- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.



Directors

The director shown below has held office during the period of
27 September 2022 to 31 August 2023

Gary Donnelly


The directors shown below have held office during the whole of the period from
1 August 2022 to 31 August 2023

Amanda Coward
Deborah Smith


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
8 March 2024

And signed on behalf of the board by:
Name: Amanda Coward
Status: Director

THRIVE KNOWSLEY CIC

Profit And Loss Account

for the Period Ended 31 August 2023

13 months to 31 August 2023


£
Turnover: 170,691
Cost of sales: ( 55,036 )
Gross profit(or loss): 115,655
Administrative expenses: ( 112,741 )
Operating profit(or loss): 2,914
Interest receivable and similar income: 3
Profit(or loss) before tax: 2,917
Profit(or loss) for the financial year: 2,917

THRIVE KNOWSLEY CIC

Balance sheet

As at 31 August 2023

Notes 13 months to 31 August 2023


£
Fixed assets
Tangible assets: 3 8,468
Total fixed assets: 8,468
Current assets
Cash at bank and in hand: 7,675
Total current assets: 7,675
Creditors: amounts falling due within one year: 4 ( 13,226 )
Net current assets (liabilities): (5,551)
Total assets less current liabilities: 2,917
Total net assets (liabilities): 2,917
Members' funds
Profit and loss account: 2,917
Total members' funds: 2,917

The notes form part of these financial statements

THRIVE KNOWSLEY CIC

Balance sheet statements

For the year ending 31 August 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 8 March 2024
and signed on behalf of the board by:

Name: Amanda Coward
Status: Director

The notes form part of these financial statements

THRIVE KNOWSLEY CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates inorder to write off the assets over their estimated useful lives:Motor vehicles 25%Fixtures & fittings 25%Computer equipment 25%

THRIVE KNOWSLEY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    13 months to 31 August 2023
    Average number of employees during the period 2

THRIVE KNOWSLEY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 959 2,082 8,250 11,291
Disposals
Revaluations
Transfers
At 31 August 2023 959 2,082 8,250 11,291
Depreciation
Charge for year 240 520 2,063 2,823
On disposals
Other adjustments
At 31 August 2023 240 520 2,063 2,823
Net book value
At 31 August 2023 719 1,562 6,187 8,468

THRIVE KNOWSLEY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Creditors: amounts falling due within one year note

13 months to 31 August 2023
£
Taxation and social security 1,955
Accruals and deferred income 875
Other creditors 10,396
Total 13,226

THRIVE KNOWSLEY CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Loans to directors

Name of director receiving advance or credit: Amanda Coward
Description of the transaction:
The Company owed Amanda £3,437 as at 31st August 2023
£
Balance at
Advances or credits made: 3,437
Advances or credits repaid:
Balance at 31 August 2023 3,437

Name of director receiving advance or credit: Deborah Smith
Description of the transaction:
The Company owed Deborah £6,960 as at 31st August 2023
£
Balance at
Advances or credits made: 6,960
Advances or credits repaid:
Balance at 31 August 2023 6,960

COMMUNITY INTEREST ANNUAL REPORT

THRIVE KNOWSLEY CIC

Company Number: 14265978 (England and Wales)

Year Ending: 31 August 2023

Company activities and impact

Thrive Knowsley CIC is a day centre for young adults with disabilities / learning difficulties, it was established August 2022 due to oversubscribed services in our local area. The young adults at Thrive Knowsley CIC have developed new skills during their time at Thrive and strengthened existing skills.Thrive are always visible in our local community, they are using local transport for travel training, life skills improvements by using local shops and business for equipment, cookery, food etc We have had many success stories with members who have had significant weight loss, which has improved their health and well-being, given them confidence, and not put strain on local health services.We have engaged with our local SEN school, so far, we have had two school leavers have their work experience with us, the feedback from the school was positive, we hope to employ young disabled adults when we have the opportunity arises in the future.Thrive Knowsley CIC has had six residential weekend breaks in our first year, this has enabled the young adults to spend quality time with their peers, many young people do not have activities and opportunities outside of the service. Isolation and loneliness are prevalent in lots of their lives. The residential has enabled them to socialise and take part in planned activities and let them reach their potential to have opportunities that would not be easily accessible for them.

Consultation with stakeholders

The stakeholders are the young adults and their carers plus their own support staff, we send regular questionnaires with feedback from their carers . We actively engage with positive and negative responses as this can only help shape our service and build on the foundation we have laid.We also engage with our Local Authority social services, Health service providers, local SEN school and other groups similar to our service.

Directors' remuneration

The total amount received by directors in respect to qualifying services was £88,448.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
8 March 2024

And signed on behalf of the board by:
Name: D A Smith
Status: Director