PRESENT MIND WELLNESS PATHWAYS C.I.C.

Company Registration Number:
11166297 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 1 February 2024

End date: 31 January 2025

PRESENT MIND WELLNESS PATHWAYS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2025

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

PRESENT MIND WELLNESS PATHWAYS C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2025

2025 2024


£

£
Turnover: 280 4,157
Gross profit(or loss): 280 4,157
Distribution costs: ( 2,601 ) ( 2,622 )
Administrative expenses: ( 1,234 ) ( 1,035 )
Operating profit(or loss): (3,555) 500
Profit(or loss) before tax: (3,555) 500
Profit(or loss) for the financial year: (3,555) 500

PRESENT MIND WELLNESS PATHWAYS C.I.C.

Balance sheet

As at 31 January 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 1,748 1,942
Total fixed assets: 1,748 1,942
Net current assets (liabilities):  
Total assets less current liabilities: 1,748 1,942
Creditors: amounts falling due after more than one year: 4 ( 600 )
Total net assets (liabilities): 1,748 1,342
Capital and reserves
Called up share capital: 5,302 842
Profit and loss account: (3,554 ) 500
Total Shareholders' funds: 1,748 1,342

The notes form part of these financial statements

PRESENT MIND WELLNESS PATHWAYS C.I.C.

Balance sheet statements

For the year ending 31 January 2025 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 8 February 2025
and signed on behalf of the board by:

Name: Siobhan Fanning
Status: Director

The notes form part of these financial statements

PRESENT MIND WELLNESS PATHWAYS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated on a straight-line basis at an annual rate of 10%.

PRESENT MIND WELLNESS PATHWAYS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 1 1

PRESENT MIND WELLNESS PATHWAYS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2024 1,942 1,942
Additions
Disposals
Revaluations
Transfers
At 31 January 2025 1,942 1,942
Depreciation
At 1 February 2024 0 0
Charge for year 194 194
On disposals
Other adjustments
At 31 January 2025 194 194
Net book value
At 31 January 2025 1,748 1,748
At 31 January 2024 1,942 1,942

PRESENT MIND WELLNESS PATHWAYS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Creditors: amounts falling due after more than one year note

  2024
  £
Other creditors 600
Total   600

COMMUNITY INTEREST ANNUAL REPORT

PRESENT MIND WELLNESS PATHWAYS C.I.C.

Company Number: 11166297 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

During this financial year, Present Mind Wellness C.I.C. has focused on establishing its foundation and developing its offerings to benefit the residents of Watford and surrounding areas. Six students successfully completed the initial ESOL course, representing a significant achievement for each individual and exceeding initial projections for a pilot program. This directly supports Present Mind Wellness' objective of improving personal development and wellbeing, as language acquisition is a crucial step in personal growth and empowerment. In addition to delivering ESOL courses, significant effort has been dedicated to building the infrastructure for future activities. This includes a complete redesign of the company website to improve accessibility and user experience, as well as the design and development of new online courses focused on Toolkit for the Modern World, Toolkit for Optimal Health, and Em-powered Living for Women. These online courses are intended to provide flexible and ac-cessible learning opportunities and, once launched, will generate passive income to support the long-term sustainability of the CIC and its community benefit activities. The development of these online resources directly addresses the CIC's objectives of supporting individuals interested in mindfulness and wellbeing, those struggling with stress or health conditions, and those seeking personal development. Furthermore, Present Mind Wellness C.I.C. has been actively building its presence on social media platforms to engage with the community and raise awareness of its services. This effort aims to connect with a wider audience and promote the importance of mental and physical wellbeing. Planning is also underway for the launch of wellbeing retreats in the coming year. These retreats will offer immersive experiences focused on personal development and wellbeing, further expanding the CIC's reach and impact within the community. While these retreats have not yet taken place within this reporting period, the preparatory work demonstrates the CIC's ongoing commitment to fulfilling its stated objectives and expanding its range of services to the community. Finally, Present Mind Wellness C.I.C. has benefited from the support of a business growth advisor from WENTA, who has provided valuable guidance and assistance in developing the CIC's strategic direction and ensuring its long-term sustainability. The CIC is confident that these activities, both current and planned, will contribute signifi-cantly to the health and wellbeing of the community it serves, fulfilling its social objectives and creating a positive impact on the lives of local residents.

Consultation with stakeholders

During this reporting period, Present Mind Wellness C.I.C. has engaged with several key stakeholders to inform the development and delivery of its services. Consultations have taken place with: - ESOL Students: Feedback was gathered from the six students who participated in the initial ESOL course. This feedback has been invaluable in understanding their needs and prefer-ences, and will be used to refine future ESOL offerings and ensure they effectively meet the language learning goals of community members. - Business Growth Advisor (WENTA): Regular consultations have been held with a business growth advisor from WENTA. These discussions have focused on developing a sustainable business model for the CIC, and refining the CIC's strategic direction to maximise its com-munity impact. - Potential Venue Providers: Preliminary discussions have been held with several venue owners in the Watford area regarding the potential for hosting wellbeing retreats. These con-sultations have explored the availability of suitable spaces, logistical considerations, and cost-effectiveness. This research is essential for the successful launch of the retreat programme. - W3RT (Watford and Three Rivers Trust): Discussions have been held with representatives from W3RT regarding potential funding opportunities and support programs available to community interest companies. These conversations have explored various funding avenues and will inform the CIC's fundraising strategy to ensure long-term financial sustainability and enable the expansion of services to the community. While community-wide consultations have not yet been undertaken, the CIC is committed to engaging with the community and other stakeholders to ensure its services are meeting their needs. In the coming year, Present Mind Wellness C.I.C. will prioritise developing effective mechanisms for gathering feedback and incorporating it into its planning and service delivery. The CIC is committed to ongoing dialogue with the community it serves and will actively seek feedback to inform its future development.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Siobhan Fanning
Status: Director