THE YOGA FOR LIFE PROJECT C.I.C.

Company limited by guarantee

Company Registration Number:
12315142 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

THE YOGA FOR LIFE PROJECT C.I.C.

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

THE YOGA FOR LIFE PROJECT C.I.C.

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 in the year under review was that of physical wellbeing activities to support the local community’s mental and physical wellbeing.



Directors

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

Ms C M Whalley
Ms C E Martinus
Ms J Brooks
Ms L Dutton
K Kenneth
Ms S Khanom


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
27 July 2024

And signed on behalf of the board by:
Name: Ms C M Whalley
Status: Director

THE YOGA FOR LIFE PROJECT C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 32,621 54,854
Cost of sales: ( 37,575 ) ( 70,510 )
Gross profit(or loss): (4,954) (15,656)
Administrative expenses: ( 24,855 ) ( 22,011 )
Other operating income: 15,814 24,740
Operating profit(or loss): (13,995) (12,927)
Interest receivable and similar income: 25
Profit(or loss) before tax: (13,970) (12,927)
Profit(or loss) for the financial year: (13,970) (12,927)

THE YOGA FOR LIFE PROJECT C.I.C.

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 2,028 9,141
Cash at bank and in hand: 13,302 25,494
Total current assets: 15,330 34,635
Creditors: amounts falling due within one year: 4 ( 18,554 ) ( 23,889 )
Net current assets (liabilities): (3,224) 10,746
Total assets less current liabilities: (3,224) 10,746
Total net assets (liabilities): (3,224) 10,746
Members' funds
Profit and loss account: (3,224) 10,746
Total members' funds: ( 3,224) 10,746

The notes form part of these financial statements

THE YOGA FOR LIFE PROJECT C.I.C.

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 27 July 2024
and signed on behalf of the board by:

Name: Ms C M Whalley
Status: Director

The notes form part of these financial statements

THE YOGA FOR LIFE PROJECT C.I.C.

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 represents the value of work carried out in respect of services and goods provided to customers. Income is stated net of 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 comprehensiveincome 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.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

THE YOGA FOR LIFE PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

THE YOGA FOR LIFE PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Debtors

2023 2022
£ £
Trade debtors 7,300
Prepayments and accrued income 48 341
Other debtors 1,980 1,500
Total 2,028 9,141

THE YOGA FOR LIFE PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 8,707 1,423
Accruals and deferred income 1,000 8,760
Other creditors 8,847 13,706
Total 18,554 23,889

COMMUNITY INTEREST ANNUAL REPORT

THE YOGA FOR LIFE PROJECT C.I.C.

Company Number: 12315142 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Between December 2022 and Nov 2023 we gave therapeutic yoga classes to the local Tower Hamlets and Haringey/Islington & Hackney Communities in person where possible and on zoom.Our therapeutic yoga & mindfulness classes online and in person to continue to support the local community offering classes to support people’s mental & physical wellbeing. This included some more condition-specific classes, offering specialist classes for people with Cancer, Back Issues, Long Covid, Mental Health Issues, Womb Health, Addiction and so on. We have put particular emphasis into our classes for people with Long Covid moving from 3 free classes a week to 4, Cancer and addiction seeing this is where people need our services while also offering more one to one specialist classes to people with trauma. We also got some more funding to offer free classes to people suffering Long Covid.The director of the project Claire Whalley, also ran a number of therapeutic yoga retreats for people across the country in both the New Forest and Devon working in particular with people who have Long Covid & Cancer.

Consultation with stakeholders

Our stakeholders are:1. Our customers – yoga students and NHS patients who self-refer or have been referred to partake in our therapeutic yoga services.2. Our employees – during this audited year we employed 1 staff and 1 self employed consultants to help run the company, conduct outreach and administer our classes online on zoom and 25 teachers to help run the individual specialist classes supporting different health conditions.3. Our volunteers – during this audited year, we had 4 volunteers who help with grant applications, social media and marketing.4. Board Directors and Advisors. We revised our board of directors so that the board is now 75% diverse reflecting our stakeholders.5. Our suppliers – our yoga teachers and psychotherapists offering specialist classes and student/patient support. We also engaged an Ayurvedic therapist6. Investors offering grants – during this audited year we received grants from The East End Community Fund and EDMUK part of Sports England.We consulted with our customers on a regular basis to ascertain what kind of services they needed, especially in relation to our long COVID wellbeing programme. Regular mail outs were sent alongside consultation at the end of class. We worked closely with NHS long COVID clinics and Barts oncology department to best serve their patients.Our employee & volunteers were consulted regularly on a twice weekly basis on how best to operate the CIC and how best to serve the community, working collaboratively as a cooperative.We had consultations with the Board of Directors online where regular advice and consultation was sort with particular individuals on the board of directors and the advisory board.Our suppliers – teachers & therapists were regularly consulted over how best to serve the community and also their needs and requirements.Investors – we consulted with our investors to best understand their remits and to make sure we were fulfilling their funding criteria.

Directors' remuneration

The director of the programme received 2 PAYE payments, one in March and one in September to cover her part time work on the yoga for life project of administration, creating new programmes, brokering new coproduction partnerships, overseeing the teachers and students and fund raising.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
9 July 2024

And signed on behalf of the board by:
Name: Claire Meriel WHALLEY
Status: Director