THE WELLNESS PROJECT C.I.C.

Company limited by guarantee

Company Registration Number:
12459909 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 22 February 2023

End date: 31 March 2024

THE WELLNESS PROJECT C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

THE WELLNESS PROJECT C.I.C.

Directors' report period ended 31 March 2024

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

Directors

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

REBECCA BROOKFIELD
MARIE GRAHAM
FELICITY KELLY


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
11 October 2024

And signed on behalf of the board by:
Name: MARIE GRAHAM
Status: Director

THE WELLNESS PROJECT C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2024

13 months to 31 March 2024 2023


£

£
Turnover: 60,830 39,012
Cost of sales: ( 21,433 ) ( 3,538 )
Gross profit(or loss): 39,397 35,474
Administrative expenses: ( 58,504 ) ( 41,676 )
Other operating income: 18,829 9,159
Operating profit(or loss): (278) 2,957
Interest payable and similar charges: ( 572 ) ( 440 )
Profit(or loss) before tax: (850) 2,517
Tax: ( 349 )
Profit(or loss) for the financial year: (850) 2,168

THE WELLNESS PROJECT C.I.C.

Balance sheet

As at 31 March 2024

Notes 13 months to 31 March 2024 2023


£

£
Fixed assets
Tangible assets: 3 683 486
Total fixed assets: 683 486
Current assets
Debtors: 4 10,340 4,554
Cash at bank and in hand: 15,635 9,730
Total current assets: 25,975 14,284
Creditors: amounts falling due within one year: 5 ( 21,365 ) ( 6,803 )
Net current assets (liabilities): 4,610 7,481
Total assets less current liabilities: 5,293 7,967
Creditors: amounts falling due after more than one year: 6 ( 3,509 ) ( 5,333 )
Total net assets (liabilities): 1,784 2,634
Members' funds
Profit and loss account: 1,784 2,634
Total members' funds: 1,784 2,634

The notes form part of these financial statements

THE WELLNESS PROJECT C.I.C.

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 11 October 2024
and signed on behalf of the board by:

Name: MARIE GRAHAM
Status: Director

The notes form part of these financial statements

THE WELLNESS PROJECT C.I.C.

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

    Turnover policy

    Turnover 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 and Depreciation 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 basis Computer Equipment 4 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.

THE WELLNESS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    13 months to 31 March 2024 2023
    Average number of employees during the period 2 2

THE WELLNESS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 22 February 2023 648 648
Additions 479 479
Disposals
Revaluations
Transfers
At 31 March 2024 1,127 1,127
Depreciation
At 22 February 2023 162 162
Charge for year 282 282
On disposals
Other adjustments
At 31 March 2024 444 444
Net book value
At 31 March 2024 683 683
At 21 February 2023 486 486

THE WELLNESS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

13 months to 31 March 2024 2023
£ £
Trade debtors 9,032 3,980
Prepayments and accrued income 1,308 574
Total 10,340 4,554

THE WELLNESS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

13 months to 31 March 2024 2023
£ £
Bank loans and overdrafts 1,684 1,684
Taxation and social security 2,287 349
Accruals and deferred income 17,394 4,770
Total 21,365 6,803

THE WELLNESS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

13 months to 31 March 2024 2023
£ £
Bank loans and overdrafts 3,509 5,333
Total 3,509 5,333

COMMUNITY INTEREST ANNUAL REPORT

THE WELLNESS PROJECT C.I.C.

Company Number: 12459909 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Our second year of operation has been one of trying out new services, learning and growth. Here is a snapshot of two of the new projects we delivered. Menopause Awareness This year saw a significant expansion in our offer around menopause awareness, funded in a variety of ways including an Awards for All grant, a public sector contract in partnership with Mind in GM as well as services directly purchased by a variety of employers. We also undertook a joint project with Lingua GM developing a Train the Trainer programme to support a multicultural menopause resource to be delivered by staff and employees working with refugees and asylum seekers across Greater Manchester. Services delivered included Workplace Menopause Awareness training Community Menopause Awareness workshops Menopause Champions course Managers Menopause courses Support to develop menopause policies Following the training 70 percent of attendees agreed that they were more confident to speak about menopause with family, friends and colleagues. 'Going on the menopause, champions training for me just pushed me a little bit more into that next gear, to say 'hang on a minute, we need to make sure that our whole team has access to this kind of training, to some kind of information'. This isn’t just about women. It affects everybody around them' quote from participant. An independent evaluation of our 'It's not just hot flushes' project highlighted the following impacts. The Project Addressed a knowledge, awareness and training gap within communities in a range of significant ways, including facilitating access to menopause support. Enhanced peer group support networks through bespoke training sessions that were relevant to particular localities/communities, addressing specific issues in cultural contexts. Delivered workplace training that led to employees becoming menopause champions in their workplace. Delivered sessions that led to the formation of specific menopause workplace policies. Enabled men to participate in menopause workplace training, with the added benefit of enabling conversations outside of the workplace. Healthy Schools Project Funded through Salford CVS and working in partnership with The Friars Primary School, we delivered a programme of support for teachers and children at the school. Over the year this included: Four 10 week courses of football and wellbeing sessions for over 40 children from years 5 and 6. A programme of story time yoga for 30 early years children. A range of psychoeducation sessions for staff from the school. The delivery of a Youth Connect 5 in transit course for 10 children from year six. 'Over the weeks there was a noticeable improvement in the way the children supported each other' Observation from Football sessions An independent evaluation of the Youth Connect 5 sessions we delivered highlighted the following impacts. The children Learned about basic mental health concepts and strategies for enhancing their mental wellbeing, and became able to articulate and discuss these. Learned how to identify and strengthen peer support systems and gained the ability to engage in collective positive reinforcement with their classmates. Learned to reflect on mental health states as portrayed within audio-visual media. Reported higher well-being scores between sessions as well as at the end of the course. Stirling Children’s Wellbeing Scale. Engaged their parents in mental wellbeing exercises via homework. In total we have delivered services to 652 different people. Workshops and training have included Teaching yoga, mindfulness, and gentle exercises to people living with Multiple Sclerosis and members of Salford Loaves and Fishes. In partnership with Manchester Mind and Stockport Mind, delivering a range of training to employees and managers within private sector businesses and networks. Training delivered has included Mental Health Awareness, Stress Management, Effective Wellbeing Conversations, Introduction to CBT, Suicide Awareness and Menopause Awareness, Connect 5, Connect 5 Train the Trainer and Building Better Sleep Habits. Working in Partnership with Mill Research, we were also successful in tendering for the delivery of the Bolton Council, Bolton Mental Health Training Audit Thank you to the following organisations who have supported our work with grants and investments. Salford CVS GMCVO GM Social Investment Awards For All GM Integrated Care Partnership Salix Homes Added and Social Value 76 percent of our income has been self-generated by trading. This self-traded income supports our work in communities and adds value to any grants we successfully apply for. In addition, using funding from traded income, we have delivered a series of Yoga and Wellbeing sessions at Salford Loaves and Fishes and a Yoga and Wellbeing get together for people with MS. Wherever possible, we use environmentally friendly alternatives for equipment and stationery. We use public transport and cycle where possible and use local VCSE venues and local shops and businesses for supplies where possible. Our directors give volunteer time with local VCSE organisations on a regular basis.

Consultation with stakeholders

In this year we have had conversations with a wide variety of stakeholders. Our stakeholders include: Private sector employers across the Northwest Greater Manchester Integrated Care Partnership VCSE organisations across Greater Manchester, mainly Salford, Manchester, Bolton and Bury. Stockport Mind, Tameside Oldham and Glossop Mind, Manchester Mind Members of the community across Salford People living with MS across Greater Manchester Public sector agencies across Greater Manchester Members of the community in Lower Broughton and Blackfriars, Salford. We have grown our mailing list from 152 to 503 contacts that we regularly consult through email and surveys. In addition to this we have held two focus groups in the areas of Menopause to consult on the design and growth of our services. The majority of the courses and activities we deliver in the community are co-produced with the people who commission or will attend them.

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
11 October 2024

And signed on behalf of the board by:
Name: MARIE GRAHAM
Status: Director