TEA OF THERAPY CIC

Company limited by guarantee

Company Registration Number:
12896692 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

TEA OF THERAPY CIC

Contents of the Financial Statements

for the Period Ended 30 September 2023

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

TEA OF THERAPY CIC

Directors' report period ended 30 September 2023

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

Directors

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

Ms N M Henry
Ms O F Awolope


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
10 February 2024

And signed on behalf of the board by:
Name: Ms N M Henry
Status: Director

TEA OF THERAPY CIC

Profit And Loss Account

for the Period Ended 30 September 2023

2023 2022


£

£
Turnover: 35,618 87,065
Cost of sales: ( 5,252 ) ( 3,685 )
Gross profit(or loss): 30,366 83,380
Administrative expenses: ( 19,796 ) ( 69,755 )
Operating profit(or loss): 10,570 13,625
Profit(or loss) before tax: 10,570 13,625
Tax: ( 2,008 ) ( 2,589 )
Profit(or loss) for the financial year: 8,562 11,036

TEA OF THERAPY CIC

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 22,328 13,790
Cash at bank and in hand: 166 2
Total current assets: 22,494 13,792
Creditors: amounts falling due within one year: 4 ( 2,727 ) ( 2,587 )
Net current assets (liabilities): 19,767 11,205
Total assets less current liabilities: 19,767 11,205
Total net assets (liabilities): 19,767 11,205
Members' funds
Profit and loss account: 19,767 11,205
Total members' funds: 19,767 11,205

The notes form part of these financial statements

TEA OF THERAPY CIC

Balance sheet statements

For the year ending 30 September 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 10 February 2024
and signed on behalf of the board by:

Name: Ms N M Henry
Status: Director

The notes form part of these financial statements

TEA OF THERAPY CIC

Notes to the Financial Statements

for the Period Ended 30 September 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.

    Other accounting policies

    TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the 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 or substantively enacted by the balance sheet date.

TEA OF THERAPY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

TEA OF THERAPY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Debtors

2023 2022
£ £
Trade debtors 6,930 6,930
Other debtors 15,398 6,860
Total 22,328 13,790

TEA OF THERAPY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 2,007 2,587
Other creditors 720
Total 2,727 2,587

TEA OF THERAPY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Loans to directors

Name of director receiving advance or credit: Ms N M Henry
Description of the transaction:
Included within Debtors are loans to the directors. The above loan is unsecured, interest free and repayable on demand.
£
Balance at 30 September 2022 6,860
Advances or credits made: 8,850
Advances or credits repaid: 312
Balance at 30 September 2023 15,398

COMMUNITY INTEREST ANNUAL REPORT

TEA OF THERAPY CIC

Company Number: 12896692 (England and Wales)

Year Ending: 30 September 2023

Company activities and impact

Tea of Therapy is a platform that advocates for children's mental health and accessible therapy. During 2023, Tea of Therapy provided support to children and young people, developed a community called Tea & Talk. This is a platform where individuals of all backgrounds, no matter which space you fit into, have a community that they will benefit from.Tea of Therapy provide counselling services to three key trusts over the year a reduction of 40% comparable to prior year.Tea of therapy have provided councillors to over 5 schools during the year providing support to children and students regarding well-being and mental health.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Amounts advanced during the year £8,850, amount repaid £312 and balance at end of period is £15,398

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 February 2024

And signed on behalf of the board by:
Name: Ms N M Henry
Status: Director