THE PARENTING COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
12815530 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

THE PARENTING COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

THE PARENTING COLLECTIVE CIC

Directors' report period ended 31 August 2024

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

Directors

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

Lydia Tuakli-Munro
Kirsty Borritt
Michelle Brennan
Abigail Tuakli
Daniel Latevi Adesina Kobina Tuakli


The director shown below has held office during the period of
1 September 2023 to 7 June 2024

Katy Blundell


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 January 2025

And signed on behalf of the board by:
Name: Lydia Tuakli-Munro
Status: Director

THE PARENTING COLLECTIVE CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 21,771 17,001
Cost of sales: ( 4,012 ) ( 2,405 )
Gross profit(or loss): 17,759 14,596
Administrative expenses: ( 41,259 ) ( 34,814 )
Other operating income: 22,640 20,850
Operating profit(or loss): (860) 632
Interest receivable and similar income: 149 25
Interest payable and similar charges: ( 54 )
Profit(or loss) before tax: (765) 657
Tax: 0 ( 124 )
Profit(or loss) for the financial year: (765) 533

THE PARENTING COLLECTIVE CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 178 271
Total fixed assets: 178 271
Current assets
Stocks: 4 3,355 3,620
Debtors: 5 5,074 60
Cash at bank and in hand: 18,019 5,361
Total current assets: 26,448 9,041
Creditors: amounts falling due within one year: 6 ( 23,841 ) ( 5,762 )
Net current assets (liabilities): 2,607 3,279
Total assets less current liabilities: 2,785 3,550
Total net assets (liabilities): 2,785 3,550
Members' funds
Profit and loss account: 2,785 3,550
Total members' funds: 2,785 3,550

The notes form part of these financial statements

THE PARENTING COLLECTIVE CIC

Balance sheet statements

For the year ending 31 August 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 January 2025
and signed on behalf of the board by:

Name: Lydia Tuakli-Munro
Status: Director

The notes form part of these financial statements

THE PARENTING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 August 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 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. Grants Grants are recognised over the period to which they relate.

    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: Fixtures and Fittings 5 year straight line Computer Equipment 3 years straight line

    Other accounting policies

    Stocks and Work in Progress Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

THE PARENTING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 3

THE PARENTING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 50 380 430
Additions
Disposals
Revaluations
Transfers
At 31 August 2024 50 380 430
Depreciation
At 1 September 2023 10 149 159
Charge for year 10 83 93
On disposals
Other adjustments
At 31 August 2024 20 232 252
Net book value
At 31 August 2024 30 148 178
At 31 August 2023 40 231 271

THE PARENTING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Stocks

2024 2023
£ £
Stocks 3,355 3,620
Total 3,355 3,620

THE PARENTING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors

2024 2023
£ £
Trade debtors 5,034
Other debtors 40 60
Total 5,074 60

THE PARENTING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 114 778
Accruals and deferred income 23,454 4,858
Other creditors 273 126
Total 23,841 5,762

COMMUNITY INTEREST ANNUAL REPORT

THE PARENTING COLLECTIVE CIC

Company Number: 12815530 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

The Parenting Collective CIC continues to run multiple support sessions across Greater Manchester, supporting families with babywearing, infant feeding, and perinatal wellbeing. We provide babywearing support through our sling library, offering vital safety guidance and information on the benefits of babywearing. We also provide free and ‘pay-as-you-feel’ sling hire for vulnerable and low-income families to ensure accessibility. Our team includes experienced infant feeding specialists, including an Infant Feeding Lead Midwife and a Breastfeeding Counsellor with the Association of Breastfeeding Mothers, who also works with Bolton Infant Feeding Team. We offer support with feeding choices, latch and positioning advice, and signposting to specialist services. We run free and donation-based Cake for Breakfast Club pre- and postnatal support groups in Family Hub settings, providing a welcoming and safe space for parents to connect, share concerns, and discuss mental wellbeing. These groups include peer support, professional signposting, and information on topics such as the fourth trimester, antenatal preparation, postnatal recovery, and infant behaviour. Our services are specifically designed to support mental wellbeing, particularly for those who have experienced birth trauma, perinatal mental health challenges, or difficult early parenting experiences. We create non-judgemental, inclusive spaces where parents and carers feel safe to share their experiences and access the support they need. We continue to fund a free weekly drop-in group run by the How Are You? Group, offering new parents a warm, accessible space with refreshments, alongside signposting to local services. We run weekly Mama and Me Mindful Babywearing Dance Classes and Events, led by our fully trained and insured instructors. In the past year we have trained and contracted two more Instructors who are our previous attendees. These gentle movement and dance sessions allow parents/carers to bond with their child while supporting physical and mental wellbeing. Our socials and community events are open to the wider public and help us fundraise, reinvesting proceeds into subsidising services for low-income families and expanding our resources. We actively participate in local events and festivals, leading workshops and performances to showcase safe babywearing, bonding, and community connection. We prioritise community feedback through surveys, focus groups, testimonials, and an open-door policy, ensuring we continuously adapt to meet the needs of the families we serve.

Consultation with stakeholders

The stakeholders of The Parenting Collective CIC are represented by the company directors, including Kirsty Borritt, Lydia Tuakli-Munro, Michelle Brennan, Daniel Tuakli, and Abigail Tuakli. These individuals, all based in Greater Manchester, co-founded The Parenting Collective CIC based on their personal parenting experiences and observations within their local communities. Additionally, the CIC benefits from the expertise and experience of its two non-executive directors. Consultation with stakeholders is a fundamental aspect of our operational ethos. We actively seek input and feedback from our stakeholders, primarily our service users and volunteers, to ensure that our services remain responsive to their needs. Their perspectives are integral to shaping our community-led initiatives. To gather feedback, we use feedback forms sent to families after engaging with our services, providing valuable insight into our impact. We also regularly request testimonials and reviews, which we share on social media platforms such as Facebook and Instagram to highlight the experiences of the families we support. Beyond direct customer feedback, we maintain a dedicated steering committee made up of new instructors, previous service users, and volunteers. Many of these committee members are trained babywearing peer supporters, offering a deep understanding of the needs within their respective communities. As they are based across Greater Manchester, they provide diverse perspectives on local challenges, helping us tailor our services more effectively. We actively foster community engagement and open dialogue by ensuring that our sessions and groups create space for discussions about what families feel is still needed in their communities. We have established mini-focus groups in each service area and maintain ongoing discussions with our steering boards, which consist of professionals who originally accessed our services as parents. This structure further enhances our understanding of community needs. We employ various evaluation methods, including surveys, tally assessments, and feedback forms completed during sessions, to gauge preferences and demand. The insights we gain are invaluable in refining and expanding our services to better serve the community. Our commitment to community involvement extends beyond feedback collection. Families who have benefited from our services are encouraged to take part in volunteering, training opportunities, and community-led events. Their ongoing input and involvement help shape and strengthen our services. In summary, The Parenting Collective CIC actively engages its stakeholders to ensure our services remain community-driven and responsive. This collaborative approach promotes inclusivity, openness, and continuous improvement, aligning with our mission to address cost of living, combat parental isolation, and strengthen community support. The feedback and data collected from our stakeholders play a crucial role in shaping our strategies and initiatives, which continue to have a positive and lasting impact on the well-being of the families and communities we serve.

Directors' remuneration

Directors remuneration of £7,290 was paid to the directors in the year.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Lydia Tuakli-Munro
Status: Director