THE BLACK WELLBEING COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
14549800 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 19 December 2022

End date: 31 December 2023

THE BLACK WELLBEING COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

THE BLACK WELLBEING COLLECTIVE 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

Principal activities of the company

The company's principal activity during the year continued to be Physical well-being activities.



Directors

The director shown below has held office during the period of
19 December 2023 to 31 December 2023

Camille Lesforis


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 September 2024

And signed on behalf of the board by:
Name: Camille Lesforis
Status: Director

THE BLACK WELLBEING COLLECTIVE CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023


£
Turnover: 41,936
Cost of sales: ( 15,763 )
Gross profit(or loss): 26,173
Administrative expenses: ( 25,723 )
Operating profit(or loss): 450
Profit(or loss) before tax: 450
Profit(or loss) for the financial year: 450

THE BLACK WELLBEING COLLECTIVE CIC

Balance sheet

As at 31 December 2023

Notes 2023


£
Fixed assets
Tangible assets: 3 794
Total fixed assets: 794
Current assets
Cash at bank and in hand: 4,357
Total current assets: 4,357
Creditors: amounts falling due within one year: 4 ( 4,701 )
Net current assets (liabilities): (344)
Total assets less current liabilities: 450
Total net assets (liabilities): 450
Members' funds
Profit and loss account: 450
Total members' funds: 450

The notes form part of these financial statements

THE BLACK WELLBEING COLLECTIVE 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.

This report was approved by the board of directors on 6 September 2024
and signed on behalf of the board by:

Name: Camille Lesforis
Status: Director

The notes form part of these financial statements

THE BLACK WELLBEING COLLECTIVE 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Fixtures, fittings, tools and equipment 20% Reducing Balance Plant and machinery 20% Reducing Balance

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

THE BLACK WELLBEING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023
    Average number of employees during the period 2

THE BLACK WELLBEING COLLECTIVE 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 £ £ £ £ £ £
Additions 993 993
Disposals
Revaluations
Transfers
At 31 December 2023 993 993
Depreciation
Charge for year 199 199
On disposals
Other adjustments
At 31 December 2023 199 199
Net book value
At 31 December 2023 794 794

THE BLACK WELLBEING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023
£
Trade creditors 1,000
Taxation and social security 212
Other creditors 3,489
Total 4,701

COMMUNITY INTEREST ANNUAL REPORT

THE BLACK WELLBEING COLLECTIVE CIC

Company Number: 14549800 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The company runs wellbeing services for clients in the charity, community and corporate sector with a particular emphasis on wellbeing, lived experience and healing. Both outside and in the workplace. During the financial year 2022-2023 the companies activities have benefited the community in the following ways: Self care talks and holistic practices -7 organisations were provided with wellbeing in the workplace support through talks, workshops and sessions led by the company's freelance therapists and psychologists. -11 well-being workshops were hosted for local communities and clients- including physical well-being eg. yoga and gong baths. -5 wellbeing workshops were aimed at young people and students to support their mental health in universities and charities. Therapeutic support -The company provided 9 staff members in the local community with 6 weeks of therapy, hosted by companies pool of therapists in the directory. -11 therapists worked on this project -2 supervision sessions were provided. - This impacts local residents and staff in Hackney London. Wellbeing Programmes -The company created a freelance programme team that consisted of 3 professionals to create a wellbeing programme called the ‘Taking Care of You’ programme. This was designed for people who work in the migration and refugee sector. -This programme supported x12 attendees from different roles in the sector. - The company collaborated with x4 different local communities/businesses to support the programme. -The feedback on this was incredibly positive all attendees said this changed their perspective in the workplace and helped with self-care and wellbeing practices. - The collective has been funded for 2024 to repeat the same programme. -Sourced funding for a membership subscription for 2024.

Consultation with stakeholders

The stakeholders are local communities in London & charities, foundations and corporate businesses who are looking to support staff wellbeing. The director of the company has lived in London's local communities for a number of years and worked across various sectors. The director developed the business structure to service inside and outside of the workplace to ensure well-being is supported across all spectrums. We ask all community members and clients/ organisations who have used our services for the first time to fill out a short feedback form about their needs and thoughts on the supplied service. Our research has enabled us to identify the following: -Most lived experienced staff in the charity sector are burnt out and in need of consistent well-being support resulting to 70% stating my need ongoing well-being support. -95% of community members have enjoyed our services but would like more physical well-being sessions. -80% of our stakeholders who took part in our therapeutic services said they would like to continue with the same therapist in the future.

Directors' remuneration

Director took wage of £12,098.00

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
6 September 2024

And signed on behalf of the board by:
Name: Camille Lesforis
Status: Director