for the Period Ended 30 June 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 June 2023
Principal activities of the company
Additional information
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006. This report was approved by the board of directors on 30 January 2024 and signed on behalf of the board by Mrs. C. Dormand.
Directors
The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | ( | ( |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Profit(or loss) before tax: | | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Provision for liabilities: | ( | ( | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 June 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 June 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 June 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 July 2022 | | | | |||
Additions | | | | |||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 June 2023 | | | | |||
Depreciation | ||||||
At 1 July 2022 | | | | |||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 30 June 2023 | | | | |||
Net book value | ||||||
At 30 June 2023 | | | | |||
At 30 June 2022 | | | |
for the Period Ended 30 June 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 30 June 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
for the Period Ended 30 June 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
LoveWell’s aim is to provides employability training to women living locally who have experienced significant trauma through violence, sexual exploitation, and trafficking. We provide support through training, signposting and employment to help women overcome and manage some of the barriers they face in everyday life. Our trading activities include manufacturing and selling our range of wellbeing products including candles, bath oils and salts and reed diffusers.
Stakeholders include staff, Board of directors, trainees who have attended the programme, and volunteers.Trainees are consulted throughout their time with the organisation, including through monitoring and evaluation, and a Steering group attended by trainees, staff and volunteers. Women feed back thatbeing on the programme enables them to recognise their skills and develop them. Skills include basic product manufacturing, listening, teamwork, managing conflict, being organised, time management,writing CVs/covering letters, job searching, and develop their confidence to move forward into alternative paid employment, either with Lovewell or other employers.Staff are consulted through regular supervisions and formal meetings, where their feedback is used to shape how the organisation runs. Exit interviews for staff leaving their posts are undertaken by a member of the board.The Board of Directors meets formally bi-monthly. Feedback and actions are kept logged in the minutes and actions marked as either ongoing, closed or open.Volunteers feedback regularly to the CEO, there are volunteer supervisions and a small number attend the steering group. (The steering group is mainly for trainees to make changes to the organisation).
One director was paid as CEO of the CIC for the year Jul 2022-Jun 2023. The total net pay, PAYE and national insurance costs for the LoveWell CEO was £19,241.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 January 2024
And signed on behalf of the board by:
Name: Mrs Claire Dormand
Status: Director