SOCIAL CIRCLES CIC

Company limited by guarantee

Company Registration Number:
13601483 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

SOCIAL CIRCLES CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

SOCIAL CIRCLES CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 31,422 8,608
Cost of sales: ( 9,405 ) ( 3,494 )
Gross profit(or loss): 22,017 5,114
Administrative expenses: ( 21,858 ) ( 5,259 )
Operating profit(or loss): 159 (145)
Profit(or loss) before tax: 159 (145)
Profit(or loss) for the financial year: 159 (145)

SOCIAL CIRCLES CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 0 41
Cash at bank and in hand: 13,174 12,212
Total current assets: 13,174 12,253
Prepayments and accrued income: 249
Creditors: amounts falling due within one year: 4 ( 12,304 ) ( 11,450 )
Net current assets (liabilities): 870 1,052
Total assets less current liabilities: 870 1,052
Creditors: amounts falling due after more than one year: 5 ( 1,390 ) ( 1,502 )
Total net assets (liabilities): (520) (450)
Members' funds
Profit and loss account: (520) ( 450)
Total members' funds: ( 520) (450)

The notes form part of these financial statements

SOCIAL CIRCLES CIC

Balance sheet statements

For the year ending 31 March 2024 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 2 August 2024
and signed on behalf of the board by:

Name: Philip Sharratt
Status: Director

The notes form part of these financial statements

SOCIAL CIRCLES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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

    Other accounting policies

    Grants and restricted income are recognised in the income and expenditure account in an appropriate manner that matches with the expenditure towards which they are intended to contribute.

SOCIAL CIRCLES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 1

SOCIAL CIRCLES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 41
Total 0 41

SOCIAL CIRCLES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 0 467
Other creditors 12,304 10,983
Total 12,304 11,450

SOCIAL CIRCLES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024 2023
£ £
Other creditors 1,390 1,502
Total 1,390 1,502

COMMUNITY INTEREST ANNUAL REPORT

SOCIAL CIRCLES CIC

Company Number: 13601483 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Social Circles CIC reclaims gardens for those unable to do so due to age, ability or circumstances that they may enjoy the health and wellbeing benefits of being outdoors with nature in the safety and security of their own homes. We are now on-site in peoples’ gardens 3 or 4 days per week covering Bridgwater, Highbridge, Burnham, Street, Glastonbury and Wells in Somerset. We have a waiting list and are booked for around two weeks in advance, and have a waiting list of enquiries and referrals. Whilst we now receive regular referrals, we recognise we are a Gateway Service giving access to other support as needed by each individual, including referral or signposting on issues such as benefits, debt, energy, food and mobility aids, but also on support for mental health - many people will ask for help with garden but not for support in other areas of their life. We build relationships with the people we work with which allows us to give them the confidence to seek the help they need. Most of the people we work with have been impacted by the Cost of Living crisis, locked into poverty through fixed incomes or means tested benefits. This means they are unable to afford the upfront expense of reclaiming their garden but are able to either maintain their outdoor space themselves going forward, or can afford to bring in a regular gardener to maintain the garden once it has been reclaimed. We are a listening organisation and have revised our business model to meet our beneficiaries needs, so where we know people will struggle to maintain their gardens we work with them over a longer timescale to find a solution and prevent the garden becoming overgrown again. This may be around building confidence to maintain their garden, ensuring they have the right tools or continuing to help with larger jobs such as cutting hedges and pruning trees. However, we do not want to disrupt the commercial market so only continue to work with people where they are particularly vulnerable or their financial situation prevents them from paying for those larger jobs. This year we have diverted slightly from our mission working initially with Diversity Voice to create a community garden at Victoria Park in Bridgwater for displaced persons, and are now collaborating with North Petherton Town Council, Charis Refugees and Taunton Welcomes Refugees to create a community gardening space in North Petherton targeting asylum seekers accommodated locally. Our objectives are to: * Improve mental health and emotional wellbeing * Create a sense of ‘taking control’ and increased ‘purpose’ * Provide opportunity for physical exercise and ageing well * Reduce loneliness and isolation * Improve the sense of ‘belonging’ and inclusion in the wider community Over the next 12 months we will be exploring how we capture data to evidence meeting those objectives, further revise the business model as required in consultation with our customers, service users and those we collaborate with, and reporting on our success and future plans.

Consultation with stakeholders

We follow up and discuss the service with each individual to see if additional support is needed. We also discuss with funding bodies the impact the service has had and if there are areas for improvement.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying service was £7,390.75. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Philip Sharratt
Status: Director