EXAR WELLBEING CIC

Company limited by guarantee

Company Registration Number:
14478602 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 11 November 2022

End date: 30 November 2023

EXAR WELLBEING CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

EXAR WELLBEING CIC

Directors' report period ended 30 November 2023

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

Principal activities of the company

The principal activity of the company is that of providing access to therapeutic support for those with neurodiversity,SEND and SEMH needs in the Bristol area.

Additional information

EXAR WELLBEING CICPage 8NOTES TO THE UNAUDITED FINANCIAL STATEMENTSFOR THE PERIOD ENDED 30 NOVEMBER 20241. General informationThe company is a private company limited by guarantee, incorporated in England and Wales.The address of its registered office is:Arch 1 Berkely Court Business ParkEarl Russell WayLawrence HillBristolBS5 0BX2. Accounting policiesSummary of significant accounting policies and key accounting estimatesThe principal accounting policies applied in the preparation of these financial statements are set out below. Thesepolicies have been consistently applied to all the years presented, unless otherwise stated.Statement of complianceThese financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A -'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.Basis of preparationThese financial statements have been prepared using the historical cost convention except that as disclosed in theaccounting policies certain items are shown at their fair value.These financial statements are presented in Sterling (£)Turnover recognitionTurnover represents grant income or donations received and are recognised in the period to which the expenses areexpected to be incurred. If there are no restrictions on the use of the income, then the amounts are recognised at thepoint of receipt.TaxThe tax expense for the period comprises current tax and deferred tax. Tax is recognised in the profit and loss account.The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enactedby the reporting date in the countries where the company operates and generates taxable income.Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carryingamounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determinedusing tax rates and laws that have been enacted or substantively enacted by the reporting date.Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.EXAR WELLBEING CICPage 9Notes to the unaudited Financial Statementsfor the period ended 30 November 2023 (continued)Cash and cash equivalentsCash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investmentsthat are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.CreditorsTrade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of businessfrom suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditionalright, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reportingdate. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they arepresented as non-current liabilities.Trade creditors are recognized initially at the transaction price and subsequently measured at amortized cost using theeffective interest method.Other creditors are amounts due via loan notes to related parties.Members LiabilityThe company is limited by guarantee and has no share capital. In accordance with the company's Articles ofAssociation, every member of the company undertakes to contribute to the assets of the company in the event of itbeing wound up while they are a member, or within one year after they cease to be a member. This contribution is forthe payment of the debts and liabilities of the company contracted before they cease to be a member, and the costs,charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.The amount guaranteed by each member is limited to £1. The guaranteed amount is treated as a contingent liabilityand is not recognized in the company's financial statements, as the possibility of any members being required tomake such contributions is considered remote under normal circumstances.3. Turnover2023£Income -Grant income of £45,194 has been recognized as deferred income as at the balance sheet date.4. Staff costs2023£Directors salary costs -Other staff costs -The average number of people employed by the company (including directors) during the year was 3EXAR WELLBEING CICPage 10Notes to the unaudited Financial Statementsfor the period ended 30 November 2023 (continued)5. Fixed assetsOffice Equipment£CostAs at 11 November 2022 -Additions 5,917As at 30 November 2023 5,917DepreciationAs at 11 November 2022 -Charge for the year 1,479As at 30 November 2023 1,479Carrying amountAs at 30 November 2023 4,437As at 11 November 2022 -6. Taxation2023£Current taxationUK corporation tax (955)Deferred taxation 955Tax expense in the profit and loss account -A tax asset arising through taxable losses has been recognized only insofar as it covers deferred tax liabilities. Due toadditional taxable losses carried forward, there is an unrecognized tax asset of £2,573.7. Creditors falling due within one year2023£Deferred income 45,194Members loan accounts 18,70863,902The deferred income relates to grants received prior to the balance sheet date, where the activity the grants related tooccurred after the balance sheet date. Some costs associated with this activity were incurred in the reporting period,and these costs have been recognized when they incurred.Start up funds were provided by the members. These amounts have no interest charged and have no fixedrepayment terms.8. Related party notesAt the balance sheet date the company is controlled by D C Taylor.



Directors

The director shown below has held office during the whole of the period from
11 November 2022 to 30 November 2023

D C Taylor


Secretary Miles Taylor

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 August 2024

And signed on behalf of the board by:
Name: D C Taylor
Status: Director

EXAR WELLBEING CIC

Profit And Loss Account

for the Period Ended 30 November 2023

13 months to 30 November 2023


£
Cost of sales: ( 6,429 )
Gross profit(or loss): (6,429)
Administrative expenses: ( 6,434 )
Other operating income: 0
Operating profit(or loss): (12,863)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (12,863)
Tax: 0
Profit(or loss) for the financial year: (12,863)

EXAR WELLBEING CIC

Balance sheet

As at 30 November 2023

Notes 13 months to 30 November 2023


£
Fixed assets
Tangible assets: 3 4,777
Total fixed assets: 4,777
Current assets
Cash at bank and in hand: 46,262
Total current assets: 46,262
Net current assets (liabilities): 46,262
Total assets less current liabilities: 51,039
Provision for liabilities: ( 12,863 )
Total net assets (liabilities): 38,176
Members' funds
Profit and loss account: 38,176
Total members' funds: 38,176

The notes form part of these financial statements

EXAR WELLBEING CIC

Balance sheet statements

For the year ending 30 November 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 August 2024
and signed on behalf of the board by:

Name: D C Taylor
Status: Director

The notes form part of these financial statements

EXAR WELLBEING CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 recognitionTurnover represents grant income or donations received and are recognised in the period to which the expenses areexpected to be incurred. If there are no restrictions on the use of the income, then the amounts are recognised at thepoint of receipt.

    Other accounting policies

    2. Accounting policiesSummary of significant accounting policies and key accounting estimatesThe principal accounting policies applied in the preparation of these financial statements are set out below. Thesepolicies have been consistently applied to all the years presented, unless otherwise stated.Statement of complianceThese financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A -'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.Basis of preparationThese financial statements have been prepared using the historical cost convention except that as disclosed in theaccounting policies certain items are shown at their fair value.These financial statements are presented in Sterling (£)Turnover recognitionTurnover represents grant income or donations received and are recognised in the period to which the expenses areexpected to be incurred. If there are no restrictions on the use of the income, then the amounts are recognised at thepoint of receipt.TaxThe tax expense for the period comprises current tax and deferred tax. Tax is recognised in the profit and loss account.The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enactedby the reporting date in the countries where the company operates and generates taxable income.Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carryingamounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determinedusing tax rates and laws that have been enacted or substantively enacted by the reporting date.Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

EXAR WELLBEING CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    13 months to 30 November 2023
    Average number of employees during the period 0

EXAR WELLBEING CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 4,777 4,777
Disposals
Revaluations
Transfers
At 30 November 2023 4,777 4,777
Depreciation
Charge for year
On disposals
Other adjustments
At 30 November 2023
Net book value
At 30 November 2023 4,777 4,777

£4777 Digital equipment to deliver therapeutic services

COMMUNITY INTEREST ANNUAL REPORT

EXAR WELLBEING CIC

Company Number: 14478602 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Exar Wellbeing CIC supports children and young people from black and racially minoritised communities and particularly those with the intersection of neurodiversity. We work closely with community leaders, educators, and youth forums to improve access to creative and suitable therapeutic services, enhancing the social, emotional and mental health (SEMH) of young people in our community.through our VR programs, 40 young people receive psychoeducation on trauma, neurodiversity, online safety and overall wellbeing. They engage in interactive sessions providing real-time neurofeedback, offering visual insights into their brain's responses to various emotions. This helps them learn techniques to better manage their emotional regulation and develop a deeper understanding of their emotional responses. We consistently reinvest profits to integrate the latest advancements in VR and AR to ensure our therapeutic tools are cutting-edge, providing the most effective support for young people. It is usually the young people that notify the organisation of new and emerging technology that is most relevant to them. Customising Interventions We tailor our interventions to address the specific challenges faced by each individual, making our approach highly personalised and responsive to their unique needs.

Consultation with stakeholders

How do we monitor and improve servicesOur services are progressive, meaning we continually evolve our interventions to meet the ever-changing needs of children and the community's wellbeing. We achieve this by:Regularly Updating Our TechnologyWe consistently integrate the latest advancements in VR and AR to ensure our therapeutic tools are cutting-edge, providing the most effective support for young people. It usually the young people that notify the organisation to new and emerging technology that is most relevant to them.Customising InterventionsWe tailor our interventions to address the specific challenges faced by each individual, making our approach highly personalised and responsive to their unique needs.Incorporating FeedbackWe actively seek and incorporate feedback from the young people, families, and professionals we work with to refine and improve our services continually.Expanding Educational ContentWe regularly update our AR educational content to keep pace with new educational standards and emerging social issues, ensuring that our resources are relevant and engaging.Enhancing Professional DevelopmentWe invest in ongoing training for our practitioners, equipping them with the latest skills and knowledge to support young people effectively.Promoting Community InvolvementWe engage with community stakeholders to understand their needs and collaborate on initiatives that enhance the wellbeing of young people and families.Fostering InnovationWe encourage creativity and innovation within our team, exploring new therapeutic techniques and approaches that can better serve our clients.Monitoring and EvaluationWe systematically monitor and evaluate the impact of our interventions, using data-driven insights to make informed adjustments and improvements.By embracing these practices, we ensure that our interventions remain dynamic, effective, and aligned with the evolving needs of the children and communities we represent.

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
8 August 2024

And signed on behalf of the board by:
Name: D C Taylor
Status: Director