ACTIVE8 MINDS CIC

Company limited by guarantee

Company Registration Number:
13962910 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

ACTIVE8 MINDS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

ACTIVE8 MINDS CIC

Directors' report period ended 31 March 2024

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

Additional information

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to: select suitable accounting policies and then apply them consistently; make judgements and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.



Directors

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

Mr D L Janowski
Miss J I Sunderland
Mr A M Whiting


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
16 December 2024

And signed on behalf of the board by:
Name: Mr D L Janowski
Status: Director

ACTIVE8 MINDS CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 13 months to 31 March 2023


£

£
Turnover: 27,460 0
Cost of sales: ( 21,218 ) 0
Gross profit(or loss): 6,242 0
Administrative expenses: ( 7,042 )
Operating profit(or loss): (800) 0
Profit(or loss) before tax: (800) 0
Profit(or loss) for the financial year: (800) 0

ACTIVE8 MINDS CIC

Balance sheet

As at 31 March 2024

Notes 2024 13 months to 31 March 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,280 0
Investments:   0 0
Total fixed assets: 1,280 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 18,811 0
Investments:   0 0
Total current assets: 18,811 0
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 2,432 ) 0
Net current assets (liabilities): 16,379 0
Total assets less current liabilities: 17,659 0
Creditors: amounts falling due after more than one year: 5 ( 18,459 ) 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (800) 0
Members' funds
Profit and loss account: (800) 0
Total members' funds: ( 800) 0

The notes form part of these financial statements

ACTIVE8 MINDS CIC

Balance sheet statements

For the year ending 31 March 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 16 December 2024
and signed on behalf of the board by:

Name: Mr D L Janowski
Status: Director

The notes form part of these financial statements

ACTIVE8 MINDS CIC

Notes to the Financial Statements

for the Period Ended 31 March 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, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents the amount derived from ordinary activities, stated after discounts, value added tax and any other sales taxes, where applicable. Turnover is the value of work performed during the year with respect to services.

    Tangible fixed assets depreciation policy

    Items or property, plant and equipment are stated at cost of acquisition less accumulated depreciation. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. The estimated useful lives range as follows Computer Equipment 25% on straight line method. The gain or loss arising from the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

    Other accounting policies

    Financial instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. Equity instruments Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the Financial Statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Hire purchase and leasing commitments Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

ACTIVE8 MINDS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 13 months to 31 March 2023
    Average number of employees during the period 0 0

ACTIVE8 MINDS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 0 0
Additions 1,307 1,307
Disposals
Revaluations
Transfers
At 31 March 2024 1,307 1,307
Depreciation
At 1 April 2023 0 0
Charge for year 27 27
On disposals
Other adjustments
At 31 March 2024 27 27
Net book value
At 31 March 2024 1,280 1,280
At 31 March 2023 0 0

ACTIVE8 MINDS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 13 months to 31 March 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1,192 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 1,240 0
Total 2,432 0

ACTIVE8 MINDS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024 13 months to 31 March 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 18,459 0
Total 18,459 0

COMMUNITY INTEREST ANNUAL REPORT

ACTIVE8 MINDS CIC

Company Number: 13962910 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Active8 Minds CIC was established to provide the much-needed support to families in Hampshire and the surrounds. The company and its services will benefit the community in the following ways: Improve health and wellbeing across all age groups through targeted activities all year round. Provide Food and supplies to families that are struggling financially. To provide support to Ukrainian families by offering activities for children and their families to attend Help combat mental health issues in teenagers and adults through target events and activities.

Consultation with stakeholders

The company stakeholders are local business owners. The directors share the same vision to develop and enhance the opportunities to our local communities and its residents. The directors meet once a month to discuss new projects and ongoing grant bids.

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
16 December 2024

And signed on behalf of the board by:
Name: Daniel Lee Janowski
Status: Director