RETAIN WELLBEING C.I.C.

Company limited by guarantee

Company Registration Number:
12009450 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

RETAIN WELLBEING C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

RETAIN WELLBEING C.I.C.

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Mr M Corbett
Miss C Hutton
Ms C Moore
Mrs I Scully


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
5 March 2025

And signed on behalf of the board by:
Name: Ms C Moore
Status: Director

RETAIN WELLBEING C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 34,831 107,803
Cost of sales: ( 1,966 ) ( 6,750 )
Gross profit(or loss): 32,865 101,053
Distribution costs: 0 0
Administrative expenses: ( 62,229 ) ( 123,803 )
Other operating income: 33,098 11,219
Operating profit(or loss): 3,734 (11,531)
Profit(or loss) before tax: 3,734 (11,531)
Tax: 949 163
Profit(or loss) for the financial year: 4,683 (11,368)

RETAIN WELLBEING C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 90 345
Tangible assets: 4 103 4,822
Investments:   0 0
Total fixed assets: 193 5,167
Current assets
Stocks: 5 0 400
Debtors: 6 1,407 3,330
Cash at bank and in hand: 15,888 2,557
Investments:   0 0
Total current assets: 17,295 6,287
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 15,824 ) ( 13,524 )
Net current assets (liabilities): 1,471 (7,237)
Total assets less current liabilities: 1,664 ( 2,070)
Creditors: amounts falling due after more than one year: 8 ( 19,205 ) ( 19,205 )
Provision for liabilities: ( 33 ) ( 982 )
Total net assets (liabilities): (17,574) (22,257)
Members' funds
Profit and loss account: (17,574) ( 22,257)
Total members' funds: ( 17,574) (22,257)

The notes form part of these financial statements

RETAIN WELLBEING C.I.C.

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 5 March 2025
and signed on behalf of the board by:

Name: Ms C Moore
Status: Director

The notes form part of these financial statements

RETAIN WELLBEING C.I.C.

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Plant and machinery etc.: Plant and machinery - 25% reducing balance Motor vehicles - 25% reducing balance Computer equipment - 25% reducing balance

    Intangible fixed assets amortisation policy

    Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life. Patents and licences - 25% reducing balance

    Other accounting policies

    Basis of preparing the financial statements These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation Taxation for the year comprises current and deferred taxation. Tax is recognised in the Income and expenditure account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable surpluses.

RETAIN WELLBEING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 13

RETAIN WELLBEING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 June 2023 1,021 1,021
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 1,021 1,021
Amortisation
At 1 June 2023 676 676
Charge for year 255 255
On disposals
Other adjustments
At 31 May 2024 931 931
Net book value
At 31 May 2024 90 90
At 31 May 2023 345 345

RETAIN WELLBEING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 15,017 15,017
Additions
Disposals ( 14,742 ) ( 14,742 )
Revaluations
Transfers
At 31 May 2024 275 275
Depreciation
At 1 June 2023 10,195 10,195
Charge for year 34 34
On disposals ( 10,057 ) ( 10,057 )
Other adjustments
At 31 May 2024 172 172
Net book value
At 31 May 2024 103 103
At 31 May 2023 4,822 4,822

RETAIN WELLBEING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Stocks

2024 2023
£ £
Stocks 0 400
Total 0 400

RETAIN WELLBEING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Debtors

2024 2023
£ £
Trade debtors 496 586
Prepayments and accrued income 0 0
Other debtors 911 2,744
Total 1,407 3,330

RETAIN WELLBEING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,809
Taxation and social security 792 3,428
Accruals and deferred income 14,814 8,066
Other creditors 218 221
Total 15,824 13,524

RETAIN WELLBEING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

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

2024 2023
£ £
Other creditors 19,205 19,205
Total 19,205 19,205

COMMUNITY INTEREST ANNUAL REPORT

RETAIN WELLBEING C.I.C.

Company Number: 12009450 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

GIFT Cafe Puddington and GIFT Vantastic Due to personal difficulties for the Service Development Manager/Director, Caroline Hutton, the decision was made by the Directors to pass the Cafe, its assets and operation back to the Landlord, Chapel House Care. The transfer took place in June 2023. The group run by volunteers in Winsford (GIFT New Beginnings) has reduced its activities further due to the health of the Volunteers. The group now only meet monthly when the weather is dry. They meet for walks and for teas/coffee and cake afterwards. This group is not really led anymore since all participants play an equal share in organising and attending. The Independent Transfer of Care Coordinator (IToCC) roles in The Countess of Chester and Leighton Hospital were not put up for re-tender as originally agreed with the local authority Cheshire West and Chester. After extending the contract for 6 months in order to go for retender, they then reflected and decided to put the money towards other contracts. The three staff were made redundant but help and support was given to them to find new employment which each of them did within weeks of the termination of their contracts. Welcome Me Welcome Me has continued to thrive and has supported 70 people this business year. The groups are for people with mild to moderate memory difficulties/dementia and someone who cares about them, to try to help them maintain their independence, to have fun and to find support from the volunteers and their peers. Each group follows a similar timetable of chat, movement to music and activity but each group’s specific achievements depends upon the characters of the members and where they are on their journey.Tuesday and Wednesday mornings continue to thrive and the addition of a Thursday afternoon session in September after feedback suggesting mornings were not feasible for many, has resulted in a steady increase in attendance. May saw the introduction of the Gardening Club on a Tuesday Afternoon, though this has not proven to be as popular as expected. The gardening club was introduced to try and appeal to individuals who may not want to participate in crafting etc. The future of these groups was assured for another year when The National Lottery Community Fund provided grant funding to cover the core costs so that expansion could take place. We have been lucky enough to receive donations from collections made at the funeral’s of some of our members this year. Those donations have allowed us to purchase more activity items and upgrade our refreshments to include chocolate biscuits! Our numbers of volunteers are growing to help support the number of groups held and there are currently 8 dedicated individuals who help out every week.

Consultation with stakeholders

All Welcome Me members are asked for their thoughts about areas of improvement. Those on the waiting list asked for more slots, others asked for afternoon availability both of which we accommodated. Strategists seek our opinion and that of our members, which we share freely- with permission. Volunteers are gathered every 6 months to create bonds, suggest plans for the future and to seek advice and thoughts from. The Directors meet regularly to discuss the direction of the company and the financial situation. Opportunities are discussed as well as any obvious threats so that contingency plans are in place for events as they occur. Community Engagement Whenever there is an opportunity to engage with professionals, the public and potential new members, we take them. This business year we are participants in the Wirral Dementia ,Strategy group, The Cheshire & Merseyside Dementia Action group, the local Older People Group and members of the local Social Prescribing meetings and the Local Voluntary Action. This helps us to feedback strategies from the North West to the people who it will effect and to ensure the thoughts and feelings of those individuals helps to direct those strategies. We have delivered information sessions in the community in collaboration with other community organisations, had information tables at events aimed at carers across two local authorities and been a guest speaker on the local Hospital Radio. Our facebook page continues to recruit new followers meaning we share all of our good work with many people both local and further afield.

Directors' remuneration

The total value of Directors' Remuneration is £18,332

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
5 March 2025

And signed on behalf of the board by:
Name: Cathrina Moore
Status: Director