THE INNOVESS GROUP CIC

Company limited by guarantee

Company Registration Number:
14864535 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 12 May 2023

End date: 31 May 2024

THE INNOVESS GROUP CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

THE INNOVESS GROUP CIC

Profit And Loss Account

for the Period Ended 31 May 2024

13 months to 31 May 2024


£
Turnover: 73,167
Cost of sales: ( 8,606 )
Gross profit(or loss): 64,561
Administrative expenses: ( 73,574 )
Other operating income: 1,000
Operating profit(or loss): (8,013)
Interest payable and similar charges: ( 15 )
Profit(or loss) before tax: (8,028)
Profit(or loss) for the financial year: (8,028)

THE INNOVESS GROUP CIC

Balance sheet

As at 31 May 2024

Notes 13 months to 31 May 2024


£
Current assets
Debtors: 3 358
Cash at bank and in hand: 3,580
Total current assets: 3,938
Creditors: amounts falling due within one year: 4 ( 11,966 )
Net current assets (liabilities): (8,028)
Total assets less current liabilities: (8,028)
Total net assets (liabilities): (8,028)
Members' funds
Profit and loss account: (8,028)
Total members' funds: ( 8,028)

The notes form part of these financial statements

THE INNOVESS GROUP CIC

Balance sheet statements

For the year ending 31 May 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 7 February 2025
and signed on behalf of the board by:

Name: Jo Buckland
Status: Director

The notes form part of these financial statements

THE INNOVESS GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

THE INNOVESS GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    13 months to 31 May 2024
    Average number of employees during the period 1

THE INNOVESS GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

13 months to 31 May 2024
£
Trade debtors 358
Total 358

THE INNOVESS GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

13 months to 31 May 2024
£
Other creditors 11,966
Total 11,966

COMMUNITY INTEREST ANNUAL REPORT

THE INNOVESS GROUP CIC

Company Number: 14864535 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

We are an organisation that delivers wellbeing products to the community and our trading arm helps to fund social initiatives that tackle barriers to wellbeing and good mental health. Trading arm: Counselling and wellbeing training What this has funded so far: Student placements- we launched our student placement, helping to develop the next generation of counsellors whilst offering lower cost therapy to the community. 2 free places on all our MHFA training courses to volunteers serving the community (usually £325) Developed a stress and burnout course designed to tackle the gender gap- reduce ale suicides. Launch of our chatty cafe- in partnership with a local cafe, we have a table that meets every week and the first drink is available FOA We offer discounts to support the Armed Forces community- lower cost therapy for those serving, their immediate families and veterans. All our staff have lived experience of struggling with mental health so our organisation is designed to be therapeutic- offering a wellbeing culture and mental health support for employees. What’s next We’re about to extend our student placement and welcome another student We’re also developing a framework for wellbeing environments to strengthen the third sector and expand our trading arm to raise further funds. The stress and burnout course is about to be launched to the public and will have 2 free spaces for all charities who support men’s mental health.

Consultation with stakeholders

Directors- Director meetings once a month. Staff- monthly meetings, co-production, mentoring, group supervision. students- mentoring and group supervision Staff and students- team away days to develop vision Clients Counselling- feedback surveys on experience and service development Learns on courses- feedback surveys Clients- training- collaboration to develop course materials to meet needs Third sector- networking, meetings, collaboration

Directors' remuneration

Directors remuneration £29,970

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
7 February 2025

And signed on behalf of the board by:
Name: Jo Buckland
Status: Director