THENEST CIC

Company limited by guarantee

Company Registration Number:
13695324 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

THENEST CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

THENEST CIC

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal activities of the company

The principal activity of the company in the period under review was that of the provision of a safe and professionally managed rural 'Green Social Prescribing' space in Hertfordshire.



Directors

The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023

Mrs K Taylor
D F Ellis


The director shown below has held office during the period of
24 July 2023 to 31 October 2023

R K Taylor


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
31 October 2024

And signed on behalf of the board by:
Name: Mrs K Taylor
Status: Director

THENEST CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 10,103 616
Cost of sales: ( 864 ) ( 616 )
Gross profit(or loss): 9,239 0
Distribution costs: 0 0
Administrative expenses: ( 947 ) 0
Other operating income: 0 0
Operating profit(or loss): 8,292 0
Interest receivable and similar income: 1 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 8,293 0
Tax: ( 151 ) 0
Profit(or loss) for the financial year: 8,142 0

THENEST CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 7,498 0
Investments:   0 0
Total fixed assets: 7,498 0
Current assets
Stocks:   0 0
Debtors: 4 1,390 484
Cash at bank and in hand: 5 0
Investments:   0 0
Total current assets: 1,395 484
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 751 ) ( 484 )
Net current assets (liabilities): 644 0
Total assets less current liabilities: 8,142 0
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 8,142 0
Members' funds
Profit and loss account: 8,142 0
Total members' funds: 8,142 0

The notes form part of these financial statements

THENEST CIC

Balance sheet statements

For the year ending 31 October 2023 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 31 October 2024
and signed on behalf of the board by:

Name: Mrs K Taylor
Status: Director

The notes form part of these financial statements

THENEST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery 10% on cost.

    Other accounting policies

    Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

THENEST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

THENEST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 0 0 0 0 0 0
Additions 0 7,690 0 0 0 7,690
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 October 2023 0 7,690 0 0 0 7,690
Depreciation
At 1 November 2022 0 0 0 0 0 0
Charge for year 0 192 0 0 0 192
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 October 2023 0 192 0 0 0 192
Net book value
At 31 October 2023 0 7,498 0 0 0 7,498
At 31 October 2022 0 0 0 0 0 0

THENEST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 1,390 484
Total 1,390 484
Debtors due after more than one year: 0 0

THENEST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 151 0
Accruals and deferred income 0 0
Other creditors 600 484
Total 751 484

COMMUNITY INTEREST ANNUAL REPORT

THENEST CIC

Company Number: 13695324 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

TheNest CIC is a UK registered Community Interest Company that provides a safe and professionally managed rural ‘Green Social Prescribing’ space in Hertfordshire. 1) 150 service user signups 2) 50 venue signups to the TYBB awareness campaign - raising awareness for men's mental health in pubs, barber shops and businesses 3) Operate free to access online peer-to-peer support for any Hertfordshire male 18+ 4) Operate free-to-access in-person peer-to-peer support for any Hertfordshire male 18+

Consultation with stakeholders

The company’s stakeholders are attendees and residents of the local area. The directors of the CIC have lived in the county for a number of years and have developed the support model for the CIC based on their experience of connecting and talking to local people and attendees of the weekly support circles. TheNest asks everyone who attends the support hub for weekly feedback, comments and suggestions in order to ensure that the support being offered is helping with their emotional and wellbeing needs. Feedback and suggestions are recorded and used to ensure that the needs of the attendees are being met and that the support is having a positive impact on people's lives and emotional well-being. As members of The National Academy of Social Prescribing, TheNest continues to be pro-active and engaged with local primary care services to ensure that all necessary safeguarding and policies and procedures are in place in order to continue expanding the green social prescriptions and supporting more and more local residents of the county of Hertfordshire. TheNest ensures that it meets all the criteria of safeguarding of vulnerable adults and if needed are signposted to other organisations that are qualified in specific needs of all that attend TheNest.

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
31 October 2024

And signed on behalf of the board by:
Name: Kim Taylor
Status: Director