ANXIETY SUPPORT WALES CIC

Company limited by guarantee

Company Registration Number:
13227475 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

ANXIETY SUPPORT WALES CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

ANXIETY SUPPORT WALES CIC

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 28 February 2024

Kimberly Louise Funnell-Phillips
Sarah Louise Dicks


The director shown below has held office during the period of
1 March 2023 to 22 January 2024

Carole Ann Hailey


The director shown below has held office during the period of
22 January 2024 to 28 February 2024

Mark Saunders


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
6 August 2024

And signed on behalf of the board by:
Name: Sarah Louise Dicks
Status: Director

ANXIETY SUPPORT WALES CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 185,175 128,108
Cost of sales: ( 28,794 ) ( 10,527 )
Gross profit(or loss): 156,381 117,581
Administrative expenses: ( 147,141 ) ( 126,335 )
Operating profit(or loss): 9,240 (8,754)
Interest receivable and similar income: 9
Profit(or loss) before tax: 9,249 (8,754)
Tax: ( 293 ) 134
Profit(or loss) for the financial year: 8,956 (8,620)

ANXIETY SUPPORT WALES CIC

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 310 706
Total fixed assets: 310 706
Current assets
Debtors: 4 536
Cash at bank and in hand: 10,460 1,236
Total current assets: 10,460 1,772
Creditors: amounts falling due within one year: 5 ( 4,663 ) ( 5,252 )
Net current assets (liabilities): 5,797 (3,480)
Total assets less current liabilities: 6,107 ( 2,774)
Provision for liabilities: ( 59 ) ( 134 )
Total net assets (liabilities): 6,048 (2,908)
Members' funds
Profit and loss account: 6,048 ( 2,908)
Total members' funds: 6,048 (2,908)

The notes form part of these financial statements

ANXIETY SUPPORT WALES CIC

Balance sheet statements

For the year ending 28 February 2024 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 6 August 2024
and signed on behalf of the board by:

Name: Sarah Louise Dicks
Status: Director

The notes form part of these financial statements

ANXIETY SUPPORT WALES CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated 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 33% on a Straight Line Basis

    Other accounting policies

    TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The client type's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

ANXIETY SUPPORT WALES CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 3

ANXIETY SUPPORT WALES CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 2,116 2,116
Additions
Disposals
Revaluations
Transfers
At 28 February 2024 2,116 2,116
Depreciation
At 1 March 2023 1,410 1,410
Charge for year 396 396
On disposals
Other adjustments
At 28 February 2024 1,806 1,806
Net book value
At 28 February 2024 310 310
At 28 February 2023 706 706

ANXIETY SUPPORT WALES CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Debtors

2024 2023
£ £
Other debtors 536
Total   536

ANXIETY SUPPORT WALES CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 25
Taxation and social security 3,119 4,252
Accruals and deferred income 1,050 1,000
Other creditors 469
Total 4,663 5,252

COMMUNITY INTEREST ANNUAL REPORT

ANXIETY SUPPORT WALES CIC

Company Number: 13227475 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

The company works with residents of Swansea and the neighbouring communities by implementing a variety of programmes. They offer help to all age groups, concentrating particularly on people and families dealing with the effects of mental health. They also run a counselling service for individuals and families of all ages struggling with mental health.

Consultation with stakeholders

The company's stakeholders are clients who use their mental health service, through counselling or support services and local third sector agencies working within mental health in the surrounding area. The directors of the company have worked within the mental health field for a number of years and developed the business model for the company based on their experience of talking to clients and service users. Everyone is asked to fill out a feedback form at the end of their support and they have a wellbeing scale which is used during sessions with clients to monitor their progress. This helps to build up an understanding of service users' needs.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £102,524. 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
6 August 2024

And signed on behalf of the board by:
Name: Sarah Dicks
Status: Director