for the Period Ended 31 May 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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(
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 3 |
(
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(
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Net current assets (liabilities): |
( |
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Total assets less current liabilities: |
( |
( |
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Total net assets (liabilities): |
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( |
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Members' funds | |||
Profit and loss account: |
( |
( |
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Total members' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2024
Basis of measurement and preparation
for the Period Ended 31 May 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Other creditors |
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Total |
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During the financial year, Adaptive Yoga Live has made a significant impact on the community through its innovative and inclusive initiatives, supported by two key grants: - NatWest Grant (£10,000): This funding has been instrumental in testing an accessible digital platform in partnership with Yoga in Healthcare Alliance. By integrating game engine technology, we are working to make digital yoga more accessible for individuals with a wide range of impairments. This initiative is helping to build and scale the Digital Yoga4Health program, ensuring that adaptive yoga is available to more people in need through prescription on the NHS. - Sport England Grant (£9,500): This grant has allowed us to expand our Adaptive Yoga Live online classes, increasing their frequency to twice a week. Additionally, we have implemented assistive technology to further enhance accessibility for individuals with disabilities. The funding has also supported a marketing campaign aimed at mainstream yoga studios, promoting the "Yoga for All" initiative. This campaign is designed to encourage inclusivity in the wider yoga industry while helping to establish a sustainable revenue stream for our programs. Through these efforts, Adaptive Yoga Live continues to break barriers in the yoga community, making wellness practices more accessible and inclusive for everyone.
Here’s how we’ve been engaging with our key stakeholders: 1. People with Disabilities & Impairments – They’re at the heart of everything we do. We’ve been actively gathering feedback through user testing, pilot sessions, and direct conversations to make sure our digital platform and online classes truly meet their needs. 2. Yoga for Health (Partner Organization) – We’re working closely with them through regular meetings, brainstorming sessions, and planning discussions to develop and scale the Digital Yoga for Health program. 3. NatWest (Grant Provider - £10K) – We shared our vision through a detailed proposal and have been keeping them updated on how the funding is helping us build an accessible digital yoga platform using game engine technology. 4. Sport England (Grant Provider - £9.5K) – They’ve been on board from the start, supporting our expansion of online adaptive yoga classes. We’re providing updates on how we’re using the funds to introduce assistive technology, double our class offerings, and run the Yoga for All campaign. 5. Mainstream Yoga Studios – Through outreach and marketing, we’re talking to yoga studios about making their spaces more inclusive. We’re getting their thoughts on how they can integrate adaptive yoga into their current programs. 6. Adaptive Yoga Live Team & Instructors – Our team is constantly in the loop. We’ve been hosting internal discussions, training sessions, and feedback meetings to ensure our instructors have the tools and knowledge to deliver fully accessible classes. 7. Online Yoga Participants & Community – We love hearing from our community! Through surveys, testimonials, and direct feedback during classes, we’re learning what’s working, what needs improvement, and how we can make sessions even more inclusive. 8. Technology Developers – We’re in regular conversations with developers, ensuring that the assistive technology and game engine features we’re implementing are user-friendly and truly enhance accessibility. 9. Healthcare & Wellness Organizations – We’re networking with professionals in health and wellness, discussing how adaptive yoga can support physical and mental well-being while exploring potential partnerships. 10. Funders & Potential Investors – We’re keeping them updated with impact reports, case studies, and success stories that show how their support is making a real difference in creating accessible yoga for all. Improving Digital Accessibility – After feedback from users with disabilities, we’ve been refining our digital platform by integrating game engine technology to make it more user-friendly for people with a wide range of impairments. This includes features like customizable interfaces, voice control, and adaptive visuals to enhance the experience. Expanding Class Offerings – Based on requests from our online community, we used the Sport England grant to increase our live adaptive yoga classes from once to twice a week, giving participants more flexibility and consistency in their practice. Enhancing Instructor Training – Instructors shared that they needed more resources on how to teach adaptive yoga effectively online. In response, we’ve provided additional training sessions focused on assistive technology and inclusive teaching techniques. Developing the "Yoga for All" Campaign – After consulting mainstream yoga studios, we realized there was a lack of awareness about adaptive yoga. To bridge this gap, we launched a marketing campaign targeting studios, encouraging them to integrate inclusive practices and support a more diverse yoga community. Improving Customer Support & Communication – Participants mentioned they wanted easier ways to give feedback and get support. So, we’ve streamlined our customer support process, introduced a feedback form, and started regular check-ins to ensure everyone has a smooth experience. Exploring Additional Revenue Streams – Potential investors and funders emphasized the importance of financial sustainability. In response, we’re looking into membership models, corporate partnerships, and on-demand class subscriptions to create a recurring revenue stream that keeps the program running long-term. Collaborating More with Healthcare Organizations – Some healthcare professionals highlighted the benefits of yoga for rehabilitation and chronic pain management. Based on this, we’re actively working to build stronger relationships with healthcare providers to integrate adaptive yoga into wellness and therapy programs.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
13 February 2025
And signed on behalf of the board by:
Name: Miranda McCarthy
Status: Director