SOFTLY SOFTLY YOGA CIC

Company limited by guarantee

Company Registration Number:
10151073 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

SOFTLY SOFTLY YOGA CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

SOFTLY SOFTLY YOGA CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Jan Mclachlan
Stephen Arthur Wiseman
James O'Donoghue
Sue Jane Tideswell


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: Stephen Arthur Wiseman
Status: Director

SOFTLY SOFTLY YOGA CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 6,597 7,133
Cost of sales: ( 5,838 ) ( 4,012 )
Gross profit(or loss): 759 3,121
Administrative expenses: ( 2,918 ) ( 3,745 )
Operating profit(or loss): (2,159) (624)
Profit(or loss) before tax: (2,159) (624)
Profit(or loss) for the financial year: (2,159) (624)

SOFTLY SOFTLY YOGA CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 199
Total fixed assets: 0 199
Current assets
Cash at bank and in hand: 2 7,217
Total current assets: 2 7,217
Creditors: amounts falling due within one year: 4 ( 2,661 ) ( 7,916 )
Net current assets (liabilities): (2,659) (699)
Total assets less current liabilities: (2,659) ( 500)
Total net assets (liabilities): (2,659) (500)
Members' funds
Profit and loss account: (2,659) ( 500)
Total members' funds: ( 2,659) (500)

The notes form part of these financial statements

SOFTLY SOFTLY YOGA CIC

Balance sheet statements

For the year ending 30 April 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 31 October 2024
and signed on behalf of the board by:

Name: Stephen Arthur Wiseman
Status: Director

The notes form part of these financial statements

SOFTLY SOFTLY YOGA CIC

Notes to the Financial Statements

for the Period Ended 30 April 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 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 bases: Computer Equipment- SL

SOFTLY SOFTLY YOGA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

SOFTLY SOFTLY YOGA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 798 798
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 798 798
Depreciation
At 1 May 2023 599 599
Charge for year 199 199
On disposals
Other adjustments
At 30 April 2024 798 798
Net book value
At 30 April 2024 0 0
At 30 April 2023 199 199

SOFTLY SOFTLY YOGA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 693 6,260
Other creditors 1,968 1,656
Total 2,661 7,916

COMMUNITY INTEREST ANNUAL REPORT

SOFTLY SOFTLY YOGA CIC

Company Number: 10151073 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

We have provided yoga and meditation classes to those in challenging circumstances, financial and otherwise who may not have previously considered it as a way to relieve stress and mitigate mental and physical health issues, helping them move towards well-being. This year, those who previously attended during previous years have helped us to sustain solid attendance with higher class numbers , bolstered by new arrivals including their friends and associates. During this years project, as a result of our discovering through previous projects that a good proportion of attendees with neuro-diverse conditions, we have made this our focus , running a series of classes in conjunction with The Aspergers Society specifically targeting this group. We provided Kundalini yoga incorporating dynamic yoga and breath work. This year our stake-holders in the community, have included other social enterprises and wellbeing teachers and practitioners, our old friends Silver Road Community Centre and The Phoenix Centre, community groups that provide a wealth of services and access a large swathe of people in need. We have worked with local yoga studios such as Happy Om as well as the homelessness charity the Feed, backed by Norwich City Council. We have worked together to make yoga and wellbeing more often accessible, in local areas of social deprivation where the population incudes people with disabilities. Our classes have continued to be inclusive and welcoming. There has been more of an emphasis on restorative classes in response to demand and we provided a series of classes where people were able to rest in longer supported postures using props and blankets , tailored to individual need , catering for physical conditions like arthritis, autoimmune and other illnesses like ME, Fibromyalgia and long Covid. Feedback from our attendees has confirmed that those with stress-related mental health conditions like anxiety and depression have appreciated our therapeutic sound and gong baths and deeper meditation where they have been immersed in healing sound waves. At the beginning of the period we offered a run of classes with Ivana a Happy Om teacher, a specialist in Mantra and Tantra and Ayurvida which have proved very popular two years running. We have targeted a hard to reach group for this kind of activity, older men, with classes taught by someone who himself discovered yoga and trained as a teacher later in life and has a passion to pass on his knowledge with yoga for everybody classes. The sustainability of our organisation has been growing during this year through donations and ongoing participation. We have had support in running our project from loyal volunteers who are committed to wellbeing through yoga. We have networked with the yoga community and look forward to contributions from other teachers in future.

Consultation with stakeholders

Class participants , we engage in a continual process of feedback listening to attendees’ views on approach, and style. We have shaped the project to suit local need, offering classes from various teachers with diverse approaches. We have provided alternative wellbeing strategies, complementing the yoga, emotional healing, and Feldenkrais approach somatic movement. The wider yoga practitioner community. We contract with local yoga teachers who help service development, offering expertise in areas like neuro-divergence and yoga therapy and keep the teaching fresh and varied. Local businesses. We have again been given free tickets for Norwich Yoga festival, from the organiser, and distributed these amongst our class attendees Norfolk County Council Social Care teams. Living Well Officers and support workers publicised our classes making service users, carers and other family members aware of the benefits of our classes. The National Lottery. We benefited from funding from the National Lottery Community Fund to support our free project The Yoga Reset Project 2023 to relieve stress and support the community.

Directors' remuneration

Sue Tideswell Director £4904

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: Stephen Arthur Wiseman
Status: Director