HEADS ABOVE THE WAVES CIC

Company limited by guarantee

Company Registration Number:
09534155 (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

HEADS ABOVE THE WAVES CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HEADS ABOVE THE WAVES 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 director shown below has held office during the whole of the period from
1 May 2023 to 30 April 2024

Simon Martin


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
28 January 2025

And signed on behalf of the board by:
Name: Simon Martin
Status: Director

HEADS ABOVE THE WAVES CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,445 2,697
Total fixed assets: 3,445 2,697
Current assets
Stocks: 4 6,568 8,907
Debtors: 5 1,613 912
Cash at bank and in hand: 11,965 6,852
Total current assets: 20,146 16,671
Creditors: amounts falling due within one year: 6 ( 112 ) ( 1,350 )
Net current assets (liabilities): 20,034 15,321
Total assets less current liabilities: 23,479 18,018
Total net assets (liabilities): 23,479 18,018
Members' funds
Profit and loss account: 23,479 18,018
Total members' funds: 23,479 18,018

The notes form part of these financial statements

HEADS ABOVE THE WAVES 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 January 2025
and signed on behalf of the board by:

Name: Simon Martin
Status: Director

The notes form part of these financial statements

HEADS ABOVE THE WAVES 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Fixtures & fittings 15% Reducing balance Computer equipment 25% Straight line

HEADS ABOVE THE WAVES CIC

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

HEADS ABOVE THE WAVES 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 4,384 0 4,384
Additions 1,349 1,349
Disposals
Revaluations
Transfers
At 30 April 2024 4,384 1,349 5,733
Depreciation
At 1 May 2023 1,687 0 1,687
Charge for year 404 197 601
On disposals
Other adjustments
At 30 April 2024 2,091 197 2,288
Net book value
At 30 April 2024 2,293 1,152 3,445
At 30 April 2023 2,697 0 2,697

HEADS ABOVE THE WAVES CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Stocks

2024 2023
£ £
Stocks 6,568 8,907
Total 6,568 8,907

HEADS ABOVE THE WAVES CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

2024 2023
£ £
Trade debtors 400
Prepayments and accrued income 883 646
Other debtors 330 266
Total 1,613 912

HEADS ABOVE THE WAVES CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 112 1,350
Total 112 1,350

COMMUNITY INTEREST ANNUAL REPORT

HEADS ABOVE THE WAVES CIC

Company Number: 09534155 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

The primary activity of Heads Above The Waves (HATW) is using merch with a message to help start conversations – and distributing printed literature with every purchase to help share mental health tips. The funds from merchandise sales help to cover rent & staff costs, and keep our website running, as a resource for young people who self-harm. Our website had 40,000 visitors, with around 6000 people accessing our ‘Things to Try’ page. Our Self-Harm Safety Plan was accessed 3300 times, and our list of Helplines was accessed 2500 times. We posted out 64 school resources packs to schools and organisations around the UK, in both English & Welsh mediums. In March 2024, we launched the second edition of our ‘Coping with self-harm’ booklet, and by the end of the financial year, we’d sent out 225 copies in the post to schools, councils, hospitals, and individuals. Plus others being given out in the shop & at events. 23 schools downloaded our ‘let’s talk about body image’ lesson plan. We collaborated with Wales Coastal Path to encourage people to spend time walking outside From Sept 23 – January 24 we ran monthly board game nights for people to come & feel welcome, meet people, and play games in a safe space. Around 15-20 people attended each session. During this year we experimented with running sessions for parents/carers outside of school settings, running sessions both online and in person in our shop. We continued running workshops in schools across Wales (and a talk in a Bristol school), and staff training sessions, as well as creating bespoke sessions, for example exploring wellbeing in music in Pontypridd. We also expanded our workshop offerings into university halls, forming partnerships with the biggest student halls in Cardiff, to support students new to the city. We partnered with a yoga studio to offer yoga & wellbeing sessions, increasing our reach outside of school settings as well.

Consultation with stakeholders

HATW’s stakeholders are primarily young people aged 11-25, in particular, those within the South Wales area, and with a real focus on those who have struggled or continue to struggle with their mental health. With this in mind, the main ways we consult with the stakeholders is through a) social media interactions (Instagram polls & Lives) and b) In person conversations – within our shop, at events, and in our school sessions. The school sessions are also complimented with a feedback form, for the opportunity to make suggestions of improvements to our sessions. One big change we made to the workshops was to alter the writing workshop to make it more of a practical activity (introducing the concept of blackout poetry, and creative writing in response to music). Another major thing we gathered input on from our audience is the value of us having a physical shop space. With increasing rents & rates, we contemplated closing our physical space. The overwhelming feedback from our community is that our shop is a space where people know they’re welcome and safe, and being able to have an informal chat with us about mental health is invaluable. We also consulted young people, school staff, medical professionals and the wider public for their input on the “coping with self-harm” booklets, via Google Forms. Their feedback led to changes in language & design within the booklet before it was launched.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £16,450. 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
28 January 2025

And signed on behalf of the board by:
Name: Simon Martin
Status: Director