12TH MAN MENTAL HEALTH CIC

Company limited by guarantee

Company Registration Number:
07904099 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

12TH MAN MENTAL HEALTH CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

12TH MAN MENTAL HEALTH CIC

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal activities of the company

The principal activity of the company continued to be that of providing resources to the community to help increase understanding and celebrate differences.



Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Mr Nicholas Robert Little
Ms Maggie Wheeler
Mr Tim Guy


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
25 October 2024

And signed on behalf of the board by:
Name: Mr Nicholas Robert Little
Status: Director

12TH MAN MENTAL HEALTH CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 88,875 54,424
Cost of sales: ( 3,198 ) ( 7,853 )
Gross profit(or loss): 85,677 46,571
Administrative expenses: ( 52,150 ) ( 48,528 )
Other operating income: 875
Operating profit(or loss): 33,527 (1,082)
Profit(or loss) before tax: 33,527 (1,082)
Tax: ( 6,490 ) 254
Profit(or loss) for the financial year: 27,037 (828)

12TH MAN MENTAL HEALTH CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 7,737 0
Tangible assets: 4 1,981 1,513
Total fixed assets: 9,718 1,513
Current assets
Debtors: 5 720 661
Cash at bank and in hand: 38,511 15,724
Total current assets: 39,231 16,385
Creditors: amounts falling due within one year: 6 ( 9,739 ) ( 2,081 )
Net current assets (liabilities): 29,492 14,304
Total assets less current liabilities: 39,210 15,817
Provision for liabilities: ( 495 ) ( 287 )
Accruals and deferred income: ( 12,072 ) ( 15,924 )
Total net assets (liabilities): 26,643 (394)
Members' funds
Profit and loss account: 26,643 ( 394)
Total members' funds: 26,643 (394)

The notes form part of these financial statements

12TH MAN MENTAL HEALTH CIC

Balance sheet statements

For the year ending 31 January 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 25 October 2024
and signed on behalf of the board by:

Name: Mr Nicholas Robert Little
Status: Director

The notes form part of these financial statements

12TH MAN MENTAL HEALTH CIC

Notes to the Financial Statements

for the Period Ended 31 January 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

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 15% on cost Computers 33% on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Intangible fixed assets amortisation policy

    Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Software To be amotised once asset is brought into use.

    Other accounting policies

    Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Equity instruments Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. Taxation The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority

12TH MAN MENTAL HEALTH CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

12TH MAN MENTAL HEALTH CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 February 2023 0 0
Additions 7,737 7,737
Disposals
Revaluations
Transfers
At 31 January 2024 7,737 7,737
Amortisation
At 1 February 2023 0 0
Charge for year
On disposals
Other adjustments
At 31 January 2024 0 0
Net book value
At 31 January 2024 7,737 7,737
At 31 January 2023 0 0

12TH MAN MENTAL HEALTH CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 886 3,218 4,104
Additions 1,511 1,511
Disposals
Revaluations
Transfers
At 31 January 2024 886 4,729 5,615
Depreciation
At 1 February 2023 320 2,271 2,591
Charge for year 107 936 1,043
On disposals
Other adjustments
At 31 January 2024 427 3,207 3,634
Net book value
At 31 January 2024 459 1,522 1,981
At 31 January 2023 566 947 1,513

12TH MAN MENTAL HEALTH CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
£ £
Prepayments and accrued income 720 661
Total 720 661

12TH MAN MENTAL HEALTH CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 7,246 1,003
Accruals and deferred income 1,200 480
Other creditors 1,293 598
Total 9,739 2,081

COMMUNITY INTEREST ANNUAL REPORT

12TH MAN MENTAL HEALTH CIC

Company Number: 07904099 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

In 2022/23 we continued our work in Norfolk delivering our 12th Man suicide prevention programme to a wide range of locations. We also began work in Colchester through a grant from Colchester Catalyst which has enabled us to expand into that area. We also changed our company name from Outsiders Community Consultants CIC to 12th Man Mental Health CIC. This is because, as we had expected, the 12th Man campaign has grown to become our sole business operation and as such we changed name and email addresses to suit.

Consultation with stakeholders

We continue to regularly consult with stakeholders and these remain the local businesses and interest groups which have high numbers of male staff, customers or members. This is a targeted approach to suicide prevention as men make up over 75% of all suicides, and the locations we work are places where early intervention is possible. In addition to our work with Barbers, Tattooists, Pubs and Menswear stores, Cycling, Football and Scooter clubs we are now working with Cafes, Gyms (boxing and fitness), and Car and Motor businesses such as showrooms, garages and driving instructors.

Directors' remuneration

There were no payments to Company Directors specifically for performing their roles as such. Please see our accounts for full details of company payments.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 October 2024

And signed on behalf of the board by:
Name: Nicholas Little
Status: Director