MELANIN HEALTH AND WELLNESS CIC

Company limited by guarantee

Company Registration Number:
13823967 (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

MELANIN HEALTH AND WELLNESS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

MELANIN HEALTH AND WELLNESS CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 15 months to 31 March 2023


£

£
Turnover: 67,527 23,329
Cost of sales: ( 29,241 ) ( 11,434 )
Gross profit(or loss): 38,286 11,895
Administrative expenses: ( 29,995 ) ( 13,313 )
Operating profit(or loss): 8,291 (1,418)
Profit(or loss) before tax: 8,291 (1,418)
Tax: ( 1,635 )
Profit(or loss) for the financial year: 6,656 (1,418)

MELANIN HEALTH AND WELLNESS CIC

Balance sheet

As at 31 March 2024

Notes 2024 15 months to 31 March 2023


£

£
Fixed assets
Tangible assets: 3 1,596 2,395
Total fixed assets: 1,596 2,395
Current assets
Debtors: 4 2,100 2,100
Cash at bank and in hand: 29,673 18,779
Total current assets: 31,773 20,879
Creditors: amounts falling due within one year: 5 ( 21,991 ) ( 10,902 )
Net current assets (liabilities): 9,782 9,977
Total assets less current liabilities: 11,378 12,372
Accruals and deferred income: ( 6,131 ) ( 13,790 )
Total net assets (liabilities): 5,247 (1,418)
Members' funds
Profit and loss account: 5,247 ( 1,418)
Total members' funds: 5,247 (1,418)

The notes form part of these financial statements

MELANIN HEALTH AND WELLNESS 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 2 February 2025
and signed on behalf of the board by:

Name: Lindon Rankin
Status: Director

The notes form part of these financial statements

MELANIN HEALTH AND WELLNESS 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 represents amounts invoiced for rental of the community space, together with non ringfenced amounts received and the amounts of ringfenced funding received that correspond to the ringfenced expenditure incurred

    Tangible fixed assets depreciation policy

    Depreciation is calculated at 25% of cost of assets purchased

    Other accounting policies

    core funding is charged to ringfenced funds received at 10% of funds released to the profit and loss account

MELANIN HEALTH AND WELLNESS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 15 months to 31 March 2023
    Average number of employees during the period 1 1

MELANIN HEALTH AND WELLNESS 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 3,194 3,194
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 3,194 3,194
Depreciation
At 1 April 2023 799 799
Charge for year 799 799
On disposals
Other adjustments
At 31 March 2024 1,598 1,598
Net book value
At 31 March 2024 1,596 1,596
At 31 March 2023 2,395 2,395

MELANIN HEALTH AND WELLNESS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 15 months to 31 March 2023
£ £
Other debtors 2,100 2,100
Total 2,100 2,100

MELANIN HEALTH AND WELLNESS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 15 months to 31 March 2023
£ £
Taxation and social security 6,273
Other creditors 15,718 10,902
Total 21,991 10,902

COMMUNITY INTEREST ANNUAL REPORT

MELANIN HEALTH AND WELLNESS CIC

Company Number: 13823967 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The Company has continued to build on its provision of meeting spaces for other community groups in the area. We are monitoring the positive impacts of providing cheap access to these groups. The Company is developing its capacity as a Social Prescriber and educator. Our mission includes encouraging and coaching other people and groups to assist them to develop and fund projects and businesses locally. The Company organised again the Kennington Park Festival, which is getting larger each year. The Company is developing its Cafe function as a provision of a public space serving the community.

Consultation with stakeholders

About 25 different groups have been running meetings and workshops in the Space. The Company always communicates with users and gets feedback. For example Southward Council did a series of workshops involving young black men, the overall feedback was very positive in terms of the space, facilities and value for money. There was filming involved at some points. The Active Communities network did a series of meetings and workshops and noted to the Company that this had resulted in positive outcomes for the individuals involved. The Latvian Cultural Centre has made used of the space for meetings and theatre rehearsals and has expressed satisfaction. The Southwark Black parents forum has used the space and this gas facilitated very beneficial discussions and an increase in Social awareness and cohesion.

Directors' remuneration

The total amount receivable by Directors in respect of qualifying services was £19,000. 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
2 February 2025

And signed on behalf of the board by:
Name: Lindon Rankin
Status: Director