OPEN MINDS ACTIVE C.I.C.

Company limited by guarantee

Company Registration Number:
12045841 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

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Contents of the Financial Statements

for the Period Ended 30 June 2024

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

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Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Ms Margaret Blagrove
Dr Faye Harrison
Mrs Simangele Allen
Mrs Joanne Fox-Evans


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
14 February 2025

And signed on behalf of the board by:
Name: Ms Margaret Blagrove
Status: Director

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Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 86,255 124,391
Cost of sales: ( 22,281 ) ( 51,423 )
Gross profit(or loss): 63,974 72,968
Administrative expenses: ( 59,107 ) ( 63,917 )
Operating profit(or loss): 4,867 9,051
Profit(or loss) before tax: 4,867 9,051
Tax: ( 862 ) ( 1,664 )
Profit(or loss) for the financial year: 4,005 7,387

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Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 876 900
Total fixed assets: 876 900
Current assets
Debtors: 4 16,336 2,818
Cash at bank and in hand: 3,529 25,800
Total current assets: 19,865 28,618
Creditors: amounts falling due within one year: 5 ( 2,326 ) ( 15,108 )
Net current assets (liabilities): 17,539 13,510
Total assets less current liabilities: 18,415 14,410
Total net assets (liabilities): 18,415 14,410
Members' funds
Profit and loss account: 18,415 14,410
Total members' funds: 18,415 14,410

The notes form part of these financial statements

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Balance sheet statements

For the year ending 30 June 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 14 February 2025
and signed on behalf of the board by:

Name: Ms Margaret Blagrove
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 30 June 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.

    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 & Fittings 33.3 Straight Line Computer Equipment 33.3 Straight Line

    Other accounting policies

    2.4. 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.

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Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

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Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 539 949 1,488
Additions 480 480
Disposals
Revaluations
Transfers
At 30 June 2024 539 1,429 1,968
Depreciation
At 1 July 2023 249 339 588
Charge for year 177 327 504
On disposals
Other adjustments
At 30 June 2024 426 666 1,092
Net book value
At 30 June 2024 113 763 876
At 30 June 2023 290 610 900

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Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 3,271 180
Prepayments and accrued income 13,004 2,185
Other debtors 61 453
Total 16,336 2,818

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Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 290 1,305
Taxation and social security 862 2,462
Accruals and deferred income 1,174 11,341
Total 2,326 15,108

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Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Loans to directors

Name of director receiving advance or credit: Ms Margaret Blagrove
Description of the transaction:
The above loan is unsecured, interest free and repayable on demand.
£
Balance at 30 June 2023 453
Advances or credits made:
Advances or credits repaid: 453
Balance at 30 June 2024 0

COMMUNITY INTEREST ANNUAL REPORT

OPEN MINDS ACTIVE C.I.C.

Company Number: 12045841 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Open Minds Active CIC’s purpose is to strengthen wellbeing within communities, widen access to nature and create opportunities for excluded citizens. Our mission is to provide swimming based wellbeing activities across Bristol, helping people connect with nature in blue spaces to improve mental health and reduce social isolation. Our Programme Pillars Learn to Swim – Address inequalities through empowering adult women of colour, including refugees and asylum seekers, with water confidence and essential swimming skills. Wild Swimming for Wellbeing – A social prescribing initiative helping people with long-term mental and physical health conditions connect with nature through outdoor swimming. Inclusive Outdoor Activities – Spring and summer sessions for community groups, featuring, surfing, outdoor swimming, SUP, hiking, outdoor yoga, and movement. Nature Based Wellbeing for All - Workshops for businesses and individuals, equipping people with long-term mental and physical wellbeing tools while inspiring them to support others. Through our work, we are not just strengthening mental health - we are building a community where everyone belongs. This last accounting year marked a year of consolidation for Open Minds Active CIC. At the close of 2023, funding delays and the challenges of running a social enterprise during the height of the cost-of-living crisis began to take their toll. Our team had to reduce in size, forcing us to scale back and refocus. Despite an ever-increasing demand for our services, long-term investment essential for building sustainability and resilience was not forthcoming. However, in February 2024 we successfully secured 3 year funding from Sport England to develop our Learn to Swim and Social Prescribing Wild Swim for Wellbeing programmes, alongside our summer activities. This partnership, together with our workshops, summer coaching, and events, has contributed to a more diverse and sustainable funding base. These efforts have strengthened our foundations, enabling us to continue delivering swim-based wellbeing activities across Bristol that foster greater connectedness with nature in blue spaces, improve mental health, and reduce social isolation. The development of strategic partnerships with trusted organisations such as Soul Trail CIC and Active Being Ltd led to the formation of the Nature Consortia and further investment to expand green and blue social prescribing services within the NHS. These services are now reaching communities across inner-city, central, and east Bristol. We have also continued to collaborate with socially conscious brands like Orca and Soulcap, who share our values. Their support has been invaluable in helping us achieve greater reach and impact. Partnering with organisations and brands that align with our ethos remains central to our sustainability and growth. We are excited about the future, which includes expanding our social prescribing sessions to an additional site at Bristol Harbour with partners All Aboard Watersports and developing our learn to surf project with the Wave. Our small team of staff and volunteers are the backbone of Open Minds Active. Their hard work, passion, and dedication in encouraging people to swim, connect with the outdoors and each other has been both inspiring and humbling. The stories from across our programmes of how swimming and the community around it has transformed lives, continues to motivate us all every day. Winning a national award for our social prescribing Wild Swim for Wellbeing project in June was definitely a highlight too. Building community, connection and enabling people with the skills to keep swimming outdoors and maintain positive mental health and wellbeing. We engaged 981 people in total during this period. Of our general courses and events the breakdown is as follows: 93 people attended a cold water workshop 28 people attended an outdoor open water coaching course 20 people attend a wellbeing reset workshop 200 people attended our glow night swim event Social Prescribing programme For our Learn to Swim for women of colour the breakdown is as follows: 91 individuals engaged across the learn to swim programme in 2024 All the participants were women of colour from diverse ethnic backgrounds. Approx 50 percent of the women were refugees or asylum seekers. Around 20 percent of the progressed into one of the following summer activities. 2 participants who achieved their level 1 swim assistant qualification are now supporting the groups For our Wild Swimming for wellbeing Social Prescribing Programme we engaged a total of 61 participants across 2 locations, Henleaze, and West Country Water Park, both in Bristol. Henleaze session - June - September 2024 Participants: 33 Number of engagements: 140 West Country Water Park session - April to October Participants: 28 Number of engagements: 144 204 people attended our Thursday drop in follow on outdoor swim sessions throughout the year.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

£22,133

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Margaret Blagrove
Status: Director