CULTURE & WELLBEING C.I.C.

Company limited by guarantee

Company Registration Number:
13325279 (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

CULTURE & WELLBEING C.I.C.

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

CULTURE & WELLBEING C.I.C.

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

Principal activities of the company

The company's principal activity during the year continued to be that of activities to help the asian community



Directors

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

S.Chahal
P.Sokhi


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
23 December 2024

And signed on behalf of the board by:
Name: S.Chahal
Status: Director

CULTURE & WELLBEING C.I.C.

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 7,404 6,348
Cost of sales: ( 6,142 ) ( 6,151 )
Gross profit(or loss): 1,262 197
Administrative expenses: ( 2,259 ) ( 653 )
Operating profit(or loss): (997) (456)
Profit(or loss) before tax: (997) (456)
Profit(or loss) for the financial year: (997) (456)

CULTURE & WELLBEING C.I.C.

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 134 0
Total fixed assets: 134 0
Current assets
Cash at bank and in hand: 4,652 5,784
Total current assets: 4,652 5,784
Net current assets (liabilities): 4,652 5,784
Total assets less current liabilities: 4,786 5,784
Accruals and deferred income: ( 6,239 ) ( 6,240 )
Total net assets (liabilities): (1,453) (456)
Members' funds
Profit and loss account: (1,453) ( 456)
Total members' funds: ( 1,453) (456)

The notes form part of these financial statements

CULTURE & WELLBEING C.I.C.

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 23 December 2024
and signed on behalf of the board by:

Name: S.Chahal
Status: Director

The notes form part of these financial statements

CULTURE & WELLBEING C.I.C.

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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

CULTURE & WELLBEING C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

CULTURE & WELLBEING C.I.C.

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 0 0
Additions 179 179
Disposals
Revaluations
Transfers
At 30 April 2024 179 179
Depreciation
At 1 May 2023 0 0
Charge for year 45 45
On disposals
Other adjustments
At 30 April 2024 45 45
Net book value
At 30 April 2024 134 134
At 30 April 2023 0 0

COMMUNITY INTEREST ANNUAL REPORT

CULTURE & WELLBEING C.I.C.

Company Number: 13325279 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

During the course of the year, Culture and Wellbeing has provided 188 workshops for their 30 members as part of their culture and well-being program, which is designed to provide a safe space for members to discuss their struggles and to aid in their coping with loneliness after retirement. In half of the workshops, there is a focus on yoga or dance, which will help them with their fitness and health.

Consultation with stakeholders

No consultation with stakeholders

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
23 December 2024

And signed on behalf of the board by:
Name: Sarvjeet Chahal
Status: Director