HEY LOVEABLE CIC

Company limited by guarantee

Company Registration Number:
14024252 (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

HEY LOVEABLE 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

HEY LOVEABLE 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

Norma Davies
Rachel Parsons


The director shown below has held office during the period of
1 May 2023 to 9 January 2024

Janice Newton


The director shown below has held office during the period of
19 February 2024 to 30 April 2024

Shona Howes


The director shown below has held office during the period of
10 May 2023 to 30 April 2024

Anoushka Cross


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
29 August 2024

And signed on behalf of the board by:
Name: Anoushka Cross
Status: Director

HEY LOVEABLE CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 13 months to 30 April 2023


£

£
Turnover: 969 0
Cost of sales: ( 775 ) 0
Gross profit(or loss): 194 0
Distribution costs: 0 0
Administrative expenses: ( 10,068 ) 0
Other operating income: 9,640 0
Operating profit(or loss): (234) 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (234) 0
Tax: 0 0
Profit(or loss) for the financial year: (234) 0

HEY LOVEABLE CIC

Balance sheet

As at 30 April 2024

Notes 2024 13 months to 30 April 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 20,768 0
Investments:   0 0
Total current assets: 20,768 0
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 21,002 ) 0
Net current assets (liabilities): (234) 0
Total assets less current liabilities: (234) 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): (234) 0
Members' funds
Profit and loss account: (234) 0
Total members' funds: ( 234) 0

The notes form part of these financial statements

HEY LOVEABLE 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 29 August 2024
and signed on behalf of the board by:

Name: Anoushka Cross
Status: Director

The notes form part of these financial statements

HEY LOVEABLE 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

HEY LOVEABLE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 13 months to 30 April 2023
    Average number of employees during the period 2 0

HEY LOVEABLE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

2024 13 months to 30 April 2023
£ £
Trade creditors 312 0
Accruals and deferred income 330 0
Other creditors 20,360 0
Total 21,002 0

COMMUNITY INTEREST ANNUAL REPORT

HEY LOVEABLE CIC

Company Number: 14024252 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

The organisation runs a service for adults with learning disabilities, enabling them to socialise, make friends and form relationships in the local community aswell as try new experiences such as drama and learning to DJ. Loveable started trading in December 2023. During the financial year 2023 - 2024 the companies activities have benefitted the community in these ways: Members have been able to attend monthly socials at a pub in Taunton, making new friends and feeling part of the community. We have run workshops on healthy relationships and sexual health for the community to attend. We have set up 2 new monthly clubs, theatre group in collaboration with Somerset Youth Theatre, and DJ club where members can listen to music they love, create music, learn to mix and socialise at the same time. We have launched a new project in Bridgwater and secured more funding from HPC. We have employed 3 new volunteers for the organisation and are actively recruiting more. We are connecting our members together on social media with whatsapp and facebook groups enabling them to feel more connected, supported and digitally confident. We are forming links with local colleges giving students the opportunity to volunteer for us and gain valuable experience within health and social care.

Consultation with stakeholders

The company’s stakeholders are members of Loveable and their families, and the day services and supported living services which our members live with. Stakeholders also include the owners of the Venues we have partnered with to host our events. We also have funders including Somerset community foundation and National Lottery awards for all who we provide end of funding reports to. The directors of the company have lived and worked in Somerset for a number of years and developed the business model for the organisation based on years of working with the community and assessing need for this service. The organisation has a board of advisers who meet regularly and have knowledge and expertise in safeguarding, social care and supported employment with extensive experience with the client group. The board meet regularly. We regularly communicate with our stakeholders in all decisions that we make through our group forums, members and parents / carers WhatsApp groups, regular polls and questionnaires asking members and families what they want from the service.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £4,770 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 January 2025

And signed on behalf of the board by:
Name: Anoushka Cross
Status: Director