for the Period Ended 31 October 2023
Profit and loss | |
Balance sheet | |
Additional notes | |
Community Interest Report |
for the Period Ended
2023 | ||
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As at
Notes | 2023 | ||
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 October 2023
Basis of measurement and preparation
Turnover policy
Valuation information and policy
for the Period Ended 31 October 2023
2023 | ||
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Average number of employees during the period |
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Over the past financial year, The Karmic Collective CIC company’s holistic wellbeing activities have brought significant benefits to the community, creating spaces for relaxation, connection, and mental wellness. Here’s how each of our activities has contributed. Yoga and Sound Bowl Sessions, our weekly yoga and sound bowl sessions have provided a supportive space for 60 individuals to unwind, de-stress, and improve physical health. Regular participation has helped reduce stress levels in the community, boosted mental clarity, and fostered a sense of physical and emotional resilience. Guided Walks, our guided nature walks have encouraged 15 participants to connect with the outdoors and with each other. These walks have offered a low-impact way to improve cardiovascular health, while also providing mental health benefits such as increased mindfulness and reduced anxiety. Participants often leave feeling more grounded and connected. Sound Baths, our sound bath sessions have been one of the most popular offerings, providing a meditative experience to 80 service users, these sessions uses sound frequencies to induce deep relaxation. Attendees have reported reduced stress and improved sleep, as well as a greater sense of balance and calm in their daily lives.
Our stakeholder consultation brought together key contributors to our holistic wellbeing initiatives, our dedicated volunteers, community members, and local businesses who have generously donated their time and resources. The consultation was designed as an open forum, where we aimed to foster a collaborative environment to gain insights, share feedback, and collectively shape the future of our wellbeing programs. Key Points from the Consultation Volunteer Feedback, 3 volunteers expressed valuable insights regarding the operational aspects of our events, offering suggestions for improved scheduling, streamlined communication, and expanded roles for those who wish to deepen their engagement. Their input emphasised the importance of recognising volunteer efforts and enhancing team-building opportunities and giving them the confidence to look at further training to get back to work. Community Member Contributions, community members shared the positive impacts of our wellbeing activities on their lives, highlighting the benefits of programs like yoga, sound baths, and guided walks. They suggested additional classes and services, such as meditation or wellness workshops, which could provide more inclusive support. These insights will guide us in expanding our offerings to meet diverse needs. 20 members of the community told us via feedback forms and informal discussions. Local Business Engagement, businesses that have supported our efforts through donations of time, materials, and expertise provided feedback on how collaboration has strengthened their ties to the community. They expressed interest in more partnership opportunities and potential co-branded events that emphasize shared values in wellness and community service. This consultation was incredibly productive, fostering a shared vision for the future of our wellbeing initiatives. We are grateful for everyone’s contributions and are committed to implementing many of these valuable insights as we continue growing together for a healthier, more connected community.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
8 October 2024
And signed on behalf of the board by:
Name: Lisa Murray
Status: Director