FLOURISH TOGETHER C.I.C.

Company limited by guarantee

Company Registration Number:
10465275 (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

FLOURISH TOGETHER 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

FLOURISH TOGETHER 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

Directors

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

NICKALA TORKINGTON
RANA KADIRI
DEBORAH TOMKIES


The director shown below has held office during the period of
1 December 2022 to 5 May 2023

ANNE STRACHAN


The director shown below has held office during the period of
5 May 2023 to 26 October 2023

NICOLA DICKINS


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
24 August 2024

And signed on behalf of the board by:
Name: NICKALA TORKINGTON
Status: Director

FLOURISH TOGETHER C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 20,388 44,148
Cost of sales: 0 0
Gross profit(or loss): 20,388 44,148
Distribution costs: 0 0
Administrative expenses: ( 127,140 ) ( 123,073 )
Other operating income: 117,343 79,014
Operating profit(or loss): 10,591 89
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 10,591 89
Tax: ( 1,697 ) ( 3 )
Profit(or loss) for the financial year: 8,894 86

FLOURISH TOGETHER C.I.C.

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 2,627 0
Investments:   0 0
Total fixed assets: 2,627 0
Current assets
Stocks:   0 0
Debtors: 4 307 0
Cash at bank and in hand: 79,879 16,609
Investments:   0 0
Total current assets: 80,186 16,609
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 60,255 ) ( 2,944 )
Net current assets (liabilities): 19,931 13,665
Total assets less current liabilities: 22,558 13,665
Creditors: amounts falling due after more than one year: 6 ( 10,974 ) ( 10,975 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 11,584 2,690
Members' funds
Profit and loss account: 11,584 2,690
Total members' funds: 11,584 2,690

The notes form part of these financial statements

FLOURISH TOGETHER 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 24 August 2024
and signed on behalf of the board by:

Name: NICKALA TORKINGTON
Status: Director

The notes form part of these financial statements

FLOURISH TOGETHER 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 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. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    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: PLANT AND MACHINERY - 10 YEARS STRAIGHT LINE FIXTURES AND FITTINGS - 3 YEARS STRAIGHT LINE

    Other accounting policies

    TAXATION Income 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 company'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.

FLOURISH TOGETHER 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 0 0

FLOURISH TOGETHER C.I.C.

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 £ £ £ £ £ £
At 1 December 2022 0 0 0
Additions 2,133 1,061 3,194
Disposals
Revaluations
Transfers
At 30 November 2023 2,133 1,061 3,194
Depreciation
At 1 December 2022 0 0 0
Charge for year 213 354 567
On disposals
Other adjustments
At 30 November 2023 213 354 567
Net book value
At 30 November 2023 1,920 707 2,627
At 30 November 2022 0 0 0

FLOURISH TOGETHER C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 307 0
Total 307 0

FLOURISH TOGETHER C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 1,701 3
Accruals and deferred income 55,613 0
Other creditors 2,941 2,941
Total 60,255 2,944

FLOURISH TOGETHER C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 10,974 10,975
Total 10,974 10,975

COMMUNITY INTEREST ANNUAL REPORT

FLOURISH TOGETHER C.I.C.

Company Number: 10465275 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Company activities and impact 1st December 2022 – 30th Nov 2023: 177 individuals (143 women [80%] and 34 men [19%]) and 3 other (1%) were supported over the last year with 2,002 learner hours ranging from one to one coaching, mentoring, peer learning sessions, talks and specialist workshops as well as networking events. 146 people accessed multiple events, with 34 (24%) of those accessing 3 support sessions or more. 32 different events and themed training workshops were offered during the year, with 3 events part of piloting and scoping the evolving Manchester Social Economy Alliance a new consortium we're developing in partnership with 12 agencies and specialists in Manchester to strengthen and diversify support for social enterprises and build a strong social economy in the area filling a longstanding gap Additionally we held 1 core programme detailed below, several Social Enterprise Supporter training days and we held our 10 year birthday celebration. INTENSIVE SUPPORT Due to the funding and contracting landscape coming out of Europe and changes to the requirements of some of our existing commissioners there was a focus on Intensive Support in 2022 - 23. We didn't run 'Time to Grow' our flagship 9-12 month Social Enterprise Support Programme. Instead we worked with 42 people through Intensive Social Enterprise Support packages in the region of 8-16 hours per individual/organisation. Key backers of the intensive support were Manchester City Council, Nat West and the Growth Company. A total of 42 people (40% of total beneficiaries) accessed 121 support these were 39 (93%) women , 2 (5%) men and one (2%) other gender, plus 22 (52%) were from Racially Minoritised backgrounds SUPPORTING OTHERS TO SECURE FUNDING AND INVESTMENT Of the 42 people accessing intensive support 27 of them accessed bidwriting support and collectively applied for £458,510.00 and of that £211,300.00 has so far been successfully secured across the group. In addition to growing our own organisation and team through and post Covid we are pleased to have build this growth in start up and emergent charities, community groups and social enterprise during the period. CORE PROGRAMMES – ENTERPRISE, INNOVATION, LEADERSHIP AND LEGACY BUILDING Instead of the Time to Grow we focussed on key learning and strengthening our ability to support people from the most complex and maginalised backgrounds through the Inclusive Growth Programme - a new programme backed by GMCVO and Greater Manchester Integrated Health Care Partnership sought to understand how we support more women with chronic physical and mental health needs as well as additional learning/neurological condition needs. It combined focus groups and research, intensive support for 11 women changemakers, technical workshops and action learning plus the group delivered 2 'Social Enterprise Supporter' days in effect train the trainer conferences to help capacity build the infrastructure support sector to improve how they support innovators who are most marginalised and with additional needs. There were 11 core participants and 30 wider beneficiaries. The programme also included paid work for several women changemakers as part of increasing economic independence and strengthening the sustainability of their work and organisations Lastly in July 2023 we secured a tender to deliver an innovative programme seeking to unlock latent talent and support aspiring and emerging leaders from Racially Minoritised backgrounds. ‘We Lead for Legacy ‘will be delivered in partnership with She Leads for Legacy and Reform Radio two other women led social enterprises in our network and will support 33 civic leaders across all 10 boroughs of Greater Manchester. FLOURISHING MONDAYS AND FRIDAYS: continued in light of our Core Time to Grow programme not being able to run due to a lack in funding and a lack of clarity of the commissioning landscape. Flourishing Fridays provided fortnightly and monthly support, focussed on helping people set up their businesses/social enterprises and these sessions often had a workshop or panel discussion in the morning with an opportunity for a one-to-one in the afternoon. They provided a useful progression route and continued support post Covid and during the Cost of Living Crisis many women who had been on Flourish's Time To Grow Programme - accessing these sessions helped keep on top of their existing skills and to further work on their business models, plus build networks, reduce isolation and find collaborative partners to grow new work and opportunities with. HUB DEVELOPMENT: As we grew our team and networks, including just under 1500 women changemakers across Greater Manchester and the NW to date the need for premises and space to run events and training cost effectively became more of a priority. Flourish Together bid to become an Action Stations deliverer via a scheme led by Northern Rail, Network Rail and Transport for GM and our bid to take on a redundant space above a station in Stockport was successful. After 18months business planning and engaging our networks and wider stakeholders we proudly launched the Flourish Hub in July 2023. Whilst only 3 months into opening at the point of these accounts, we secured over £30,000.00 investment to develop and open the space, have 3 core social enterprises as sub-tenants renting offices to help sustain the space and have a programme of activities to launch bringing enterprise support, wellbeing services and wider creative community learning and social to the area. We plan to create a replicable model and are in positive talks with Northern Rail to bring our Collective Community Enterprise approach to other redundant stations in future, once we have thoroughly tested our approach. PURCHASING WITH PURPOSE Each year we aim to spend as much of our annual budget with VCSE organisations, social enterprises and women led business. This accounting year was no different with over 80% of our purchasing being spent in such a way as to create a ripple effect with our purchasing power and invest in the local and social economy as well as help support women start ups and evolving ventures.

Consultation with stakeholders

Including wider consultation activities, in excess of 400 organisations engaged with us during this period: Key stakeholders are beneficiaries of our programmes, intensive support and events. Plus wider partners, strategic leaders across Greater Manchester and the North West and our board of Directors. We have a range of funding and investment partners including Manchester City Council, WEA, Nat West, The National Lottery, Salford CVS, GMCA, The Business Growth Hub, GMCVO, Proper Good, Sector 3, The Leap and others In tendering for a GMCA opportunity (which we secured in July 2023 for full delivery post this accounting year) to create an innovative Civic Leadership programme for Racially Minoritised leaders we undertook consultation with the VCSE sector, grassroots organisation and diversity and inclusion leads across all 10 Boroughs of GM. Consultation with Time to Grow participants led to the development of the Inclusive Growth programme – seeking to understand how we create truly ‘Inclusive Economies’ but offering better tailored support and opportunities to those furthest from the workplace and unlocking the talent of marginalised women, those with chronic health issues and additional needs. All Time to Grow Programme and Flourishing Futures participants, Flourishing Mondays & Fridays attendees, the Social Enterprise Supporter network and recipients of intensive support have been consulted with evaluate existing programmes, co-design future services and create new events and initiatives to further meet the needs of the community as they evolve. In preparation for opening the Flourish Hub we extended consultation with the local community to inform the development of the Hub and the services/provision to be developed. We conducted 4 stakeholder events, 2 physical and 2 virtual, to shape scope, understand demand and subsequently design services to be delivered via our first Hub in Heaton Chapel Hub. These were attended by over 40 people – a combination of local residents, community groups, local businesses and VCSE support organisations. Over 70 people attended the hub opening event and their views, feedback and ideas were captured as part of the event. Directors meetings have taken place to review our governance as part of growing the organisation/team and inform the services, strategy and wider engagement opportunities.

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
24 August 2024

And signed on behalf of the board by:
Name: NICKALA TORKINGTON
Status: Director