WELL IMAGE CIC

Company limited by guarantee

Company Registration Number:
12962149 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

WELL IMAGE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WELL IMAGE CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Ms V Miles
Ms E C B Carter
Ms C R Rees Stephan


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
14 August 2024

And signed on behalf of the board by:
Name: Ms V Miles
Status: Director

WELL IMAGE CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 733 978
Total fixed assets: 733 978
Current assets
Debtors: 4 250 184
Cash at bank and in hand: 8,998 304
Total current assets: 9,248 488
Creditors: amounts falling due within one year: 5 ( 6,147 ) ( 1,097 )
Net current assets (liabilities): 3,101 (609)
Total assets less current liabilities: 3,834 369
Provision for liabilities: ( 139 ) 0
Total net assets (liabilities): 3,695 369
Members' funds
Profit and loss account: 3,695 369
Total members' funds: 3,695 369

The notes form part of these financial statements

WELL IMAGE CIC

Balance sheet statements

For the year ending 31 December 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 14 August 2024
and signed on behalf of the board by:

Name: Ms V Miles
Status: Director

The notes form part of these financial statements

WELL IMAGE CIC

Notes to the Financial Statements

for the Period Ended 31 December 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.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Computer equipment - 25% on reducing balance

    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 ordirectly 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.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.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.

WELL IMAGE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

WELL IMAGE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 1,304 1,304
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 1,304 1,304
Depreciation
At 1 January 2023 326 326
Charge for year 245 245
On disposals
Other adjustments
At 31 December 2023 571 571
Net book value
At 31 December 2023 733 733
At 31 December 2022 978 978

WELL IMAGE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 250 83
Other debtors 101
Total 250 184

WELL IMAGE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 1,021 0
Other creditors 5,126 1,097
Total 6,147 1,097

COMMUNITY INTEREST ANNUAL REPORT

WELL IMAGE CIC

Company Number: 12962149 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

In the financial year ending 2023 Well Image CIC ran photography workshops forwellbeing. These were mainly in partnership with other organisations. These weremainly online and for the benefit of those who have a disability, longterm healthcondition or high level of anxiety in Devon and connecting them to our five aims whichare closely aligned to the NHS' 5 ways to wellbeing.We have gathered substantial testimonial evidence (qualitative data) and feedbackform evidence (quantative data) for each workshop. We are dependent on both grantaided funding and traded income.Our community is both rural and urban across Devon and the wider South West. Theyare organisations working in this area including Exeter Pheonix, Agu UK, ActiveDevon, Living Options, Torbay Community Development Trust, Devon RecoveryLearning Community (NHS).Also: Met Office, School for Social Entrepreneurs, Parklife Exeter.

Consultation with stakeholders

Our stakeholders are the four directors.Our beneficiaries online and in-person.Our clients/customers - The managers in partner organisations.Suppliers such as The Exeter Pheonix.Exeter Connect - overseeing CICs.Feedback has been acted upon wherever possible.

Directors' remuneration

The total value of Directors' Remuneration is £15245One director was remunerated but no other directors were.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
14 August 2024

And signed on behalf of the board by:
Name: Ms V Miles
Status: Director