HEALTHIER HEROES CIC

Company limited by guarantee

Company Registration Number:
11475724 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

HEALTHIER HEROES CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

HEALTHIER HEROES CIC

Directors' report period ended 31 July 2024

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

Directors

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

Rio Powell
Andrew Powell


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
5 November 2024

And signed on behalf of the board by:
Name: Rio Powell
Status: Director

HEALTHIER HEROES CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 662,585 473,554
Cost of sales: ( 292,843 ) ( 126,936 )
Gross profit(or loss): 369,742 346,618
Administrative expenses: ( 339,308 ) ( 286,736 )
Operating profit(or loss): 30,434 59,882
Profit(or loss) before tax: 30,434 59,882
Tax: ( 6,367 ) ( 18,438 )
Profit(or loss) for the financial year: 24,067 41,444

HEALTHIER HEROES CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 11,388 14,285
Total fixed assets: 11,388 14,285
Current assets
Cash at bank and in hand: 196,795 196,942
Total current assets: 196,795 196,942
Creditors: amounts falling due within one year: 4 ( 10,814 ) ( 15,622 )
Net current assets (liabilities): 185,981 181,320
Total assets less current liabilities: 197,369 195,605
Provision for liabilities: ( 930 ) ( 423 )
Accruals and deferred income: ( 22,810 )
Total net assets (liabilities): 196,439 172,372
Members' funds
Profit and loss account: 196,439 172,372
Total members' funds: 196,439 172,372

The notes form part of these financial statements

HEALTHIER HEROES CIC

Balance sheet statements

For the year ending 31 July 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 5 November 2024
and signed on behalf of the board by:

Name: Rio Powell
Status: Director

The notes form part of these financial statements

HEALTHIER HEROES CIC

Notes to the Financial Statements

for the Period Ended 31 July 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Motor Vehicles 25% Reducing Balance Fixtures and Fittings 15% Reducing Balance Computer Equipment 20% Reducing Balance

    Other accounting policies

    Provisions Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

HEALTHIER HEROES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 9 7

HEALTHIER HEROES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 7,896 1,871 13,900 23,667
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 7,896 1,871 13,900 23,667
Depreciation
At 1 August 2023 1,840 502 7,040 9,382
Charge for year 908 274 1,715 2,897
On disposals
Other adjustments
At 31 July 2024 2,748 776 8,755 12,279
Net book value
At 31 July 2024 5,148 1,095 5,145 11,388
At 31 July 2023 6,056 1,369 6,860 14,285

HEALTHIER HEROES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 10,814 14,269
Accruals and deferred income 0 1,353
Total 10,814 15,622

COMMUNITY INTEREST ANNUAL REPORT

HEALTHIER HEROES CIC

Company Number: 11475724 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Healthier Heroes CIC is a peer led and person-centred community interest company. From December 2020, we started to provide supported housing for homeless veterans. We employ highly skilled staff, both from the armed forces community and other specialised professions. We deliver supportive interventions to veterans and the wider armed forces community. We operate predominantly in Lancashire, but our outreach work is not limited to this geographic area. We support complex dependency issues and endeavour to help resolve problems faced by persons suffering disadvantage due to poor mental health and wellbeing, poverty, unemployment, homelessness, drug and alcohol dependency and family estrangement. We work in partnership with many organisations to provide the holistic care such a person may need. Partnerships include, but are not limited to; Adult Social Care, Police, NHS, drug and alcohol services and education providers. The community has benefited from the service that we offer in tackling social isolation, poor mental health and wellbeing and financial strain by having access to a support worker, assistance with doctors’ appointments, activity programs, support groups, counsellor services and safe and secure accommodation.

Consultation with stakeholders

Stakeholders are members of the armed forces community, which includes serving personnel, reservists, veterans and their families. Stakeholders are also local authority partners and statutory and third sector organisations that support case management. We hold and participate in regular meetings with NHS groups, housing associations, The Armed Forces Covenant Trust, High Intensity Service, East Lancashire Foundation Trust. Twice weekly we meet with our service users to consult on what they want, need and desire to develop our service further.

Directors' remuneration

During the 2023/24 year, directors received the following amounts for services provided, in the form of salary: Andrew Powell = £47,133 Rio Powell = £35,000

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
6 November 2024

And signed on behalf of the board by:
Name: Rio Powell
Status: Director