THE MOTIVATION HUB (SERVICES) CIC

Company limited by guarantee

Company Registration Number:
11680615 (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

THE MOTIVATION HUB (SERVICES) CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

THE MOTIVATION HUB (SERVICES) CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 14 months to 31 January 2023


£

£
Turnover: 453,400 339,236
Cost of sales: ( 34,368 ) ( 31,222 )
Gross profit(or loss): 419,032 308,014
Administrative expenses: ( 368,161 ) ( 310,048 )
Operating profit(or loss): 50,871 (2,034)
Interest receivable and similar income: 167 19
Interest payable and similar charges: ( 199 ) ( 312 )
Profit(or loss) before tax: 50,839 (2,327)
Tax: ( 8,762 ) ( 103 )
Profit(or loss) for the financial year: 42,077 (2,430)

THE MOTIVATION HUB (SERVICES) CIC

Balance sheet

As at 31 January 2024

Notes 2024 14 months to 31 January 2023


£

£
Fixed assets
Tangible assets: 3 20,865 16,144
Total fixed assets: 20,865 16,144
Current assets
Debtors: 4 15,489 13,571
Cash at bank and in hand: 69,977 26,915
Total current assets: 85,466 40,486
Creditors: amounts falling due within one year: 5 ( 15,506 ) ( 4,815 )
Net current assets (liabilities): 69,960 35,671
Total assets less current liabilities: 90,825 51,815
Creditors: amounts falling due after more than one year: 6 ( 5,905 ) ( 8,972 )
Provision for liabilities: ( 2,519 ) ( 2,519 )
Total net assets (liabilities): 82,401 40,324
Members' funds
Profit and loss account: 82,401 40,324
Total members' funds: 82,401 40,324

The notes form part of these financial statements

THE MOTIVATION HUB (SERVICES) 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 13 September 2024
and signed on behalf of the board by:

Name: Suzanne Sant
Status: Director

The notes form part of these financial statements

THE MOTIVATION HUB (SERVICES) 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

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Motor vehicles: 25% on a reducing balance Plant and machinery: 25% on a reducing balance Office equipment: 25% on a reducing balance

THE MOTIVATION HUB (SERVICES) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 14 months to 31 January 2023
    Average number of employees during the period 11 13

THE MOTIVATION HUB (SERVICES) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 10,294 1,563 19,959 31,816
Additions 9,016 359 9,375
Disposals
Revaluations
Transfers
At 31 January 2024 19,310 1,922 19,959 41,191
Depreciation
At 1 February 2023 5,863 33 9,776 15,672
Charge for year 1,718 390 2,546 4,654
On disposals
Other adjustments
At 31 January 2024 7,581 423 12,322 20,326
Net book value
At 31 January 2024 11,729 1,499 7,637 20,865
At 31 January 2023 4,431 1,530 10,183 16,144

THE MOTIVATION HUB (SERVICES) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 14 months to 31 January 2023
£ £
Other debtors 15,489 13,571
Total 15,489 13,571

THE MOTIVATION HUB (SERVICES) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 14 months to 31 January 2023
£ £
Taxation and social security 13,934 3,542
Accruals and deferred income 1,033 912
Other creditors 539 361
Total 15,506 4,815

THE MOTIVATION HUB (SERVICES) CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

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

2024 14 months to 31 January 2023
£ £
Bank loans and overdrafts 5,905 8,972
Total 5,905 8,972

COMMUNITY INTEREST ANNUAL REPORT

THE MOTIVATION HUB (SERVICES) CIC

Company Number: 11680615 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

The Motivation Hub continues to offer day opportunities to vulnerable adults aged 18+ who have additional learning needs, to include Autism, sensory disorders, down syndrome, angel syndrome, cerebral palsy, loss of eyesight, limited mobility. Our dedicated and highly trained staff strive each day to make a difference to lives of these wonderful individuals. Offering a wide range of meaningful activities that promote – independence, community cohesion, fitness levels, confidence, friendships, social skills. Without our service this vulnerable client group would be left lonely and isolated in their own homes, many of which live with elderly parents or social care residential settings. This year we have expanded our service with a purpose-built living area, comprising of a fully equipped kitchen with a cooker and sink designed to be accessible for wheelchair users as well. A fully furnished bedroom and living area. We have named this 1 Hub Lane. This is proving to be extremely beneficial to our clients. Gaining new healthy eating cookery skills, using a washing machine, bed making, ironing, general household task and hosting events for the wider community. Our service is running at full capacity at present, and directors are in talks with the local authority social care team with the view of possibly hiring additional areas to offer more placements to vulnerable adults. We continue to build links with other community groups at Manor Farm (where we are based) and within the wider community. We visit Places of Welcome throughout the borough of Walsall, we have helped with fund raising for a local school to help parents on low incomes in the cost-of-living crisis. We have taken part in community craft sessions, fetes, bingo sessions. We have held coffee mornings inviting – the local police, fire service, lottery funders, Local MP, NHS directors. All of which give our clients a great feeling of acceptance and inclusion. We continue to hold monthly stakeholder meetings using various communication tools ensuring all individuals are heard. We have been approached by Walsall NHS to do work with them creating an APP for families and carers to share with their vulnerable loved ones should they need to go into hospital. The aim of the APP will be to reduce vulnerable people’s fears and anxieties around hospital visits/stays. Our stakeholders are extremely excited about being involved in this amazing opportunity. It will also be very helpful in reducing skate holder’s own anxieties.

Consultation with stakeholders

We continue to hold monthly stakeholder meetings using various communication tools ensuring all individuals are heard.

Directors' remuneration

The Directors received remuneration totalling £81,671 in the period to 31st January 2024.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Suzanne Sant
Status: Director