ROYAL ADELAIDE ART & YOGA CIC

Company limited by guarantee

Company Registration Number:
11464055 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

ROYAL ADELAIDE ART & YOGA CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ROYAL ADELAIDE ART & YOGA CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 104 139
Total fixed assets: 104 139
Current assets
Debtors: 4 729 566
Cash at bank and in hand: 1,568 1,401
Total current assets: 2,297 1,967
Creditors: amounts falling due within one year: 5 ( 7,712 ) ( 4,509 )
Net current assets (liabilities): (5,415) (2,542)
Total assets less current liabilities: (5,311) ( 2,403)
Total net assets (liabilities): (5,311) (2,403)
Members' funds
Profit and loss account: (5,311) ( 2,403)
Total members' funds: ( 5,311) (2,403)

The notes form part of these financial statements

ROYAL ADELAIDE ART & YOGA CIC

Balance sheet statements

For the year ending 31 July 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 14 April 2025
and signed on behalf of the board by:

Name: Matthew Thomas
Status: Director

The notes form part of these financial statements

ROYAL ADELAIDE ART & YOGA CIC

Notes to the Financial Statements

for the Period Ended 31 July 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 Turnover comprises the invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and Machinery 25% Reducing Balance

ROYAL ADELAIDE ART & YOGA CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

ROYAL ADELAIDE ART & YOGA CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 328 328
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 328 328
Depreciation
At 1 August 2023 189 189
Charge for year 35 35
On disposals
Other adjustments
At 31 July 2024 224 224
Net book value
At 31 July 2024 104 104
At 31 July 2023 139 139

ROYAL ADELAIDE ART & YOGA CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Trade debtors 162 60
Prepayments and accrued income 567 506
Total 729 566

ROYAL ADELAIDE ART & YOGA CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 3,536 3,517
Other creditors 4,176 992
Total 7,712 4,509

COMMUNITY INTEREST ANNUAL REPORT

ROYAL ADELAIDE ART & YOGA CIC

Company Number: 11464055 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

2023-24 proved to be another challenging and difficult year for RAAY, due largely to ongoing health concerns arising from director Nic Sharpe's diagnosis of Ehlers-Danlos Syndrome and Hypermobility Spectrum Disorder. In spite of the time and energy drain that managing Nic's health presented, certain core activities continued throughout the year. The regular Monday breath awareness class continued, as did 1-to-1 yoga sessions. Four established yoga philosophy sessions continued, each one occuring on a quarterly basis. Two of the sessions - Plymouth Yoga Teachers Support & Sharing and Plymouth Yoga Practitioners Support & Sharing, are designed to facilitate networking and connection in the yoga community, and provide an environment for professional and personal development for yoga teachers and practitioners. The other two sessions, Patanjali Yoga Sutras, and Hatha Yoga Pradipika, are study groups dedicated to analysis of ancient yoga texts and discussion of how the texts have shaped the practice & teaching of yoga today. In addition to the four established sessions, Nic initiated Plymouth Hypermobility Support & Sharing, a monthly support session for people with Hypermobility and/or Ehlers-Danlos Syndrome. The session is also open to yoga teachers, as hypermobility presents challenges to traditional methods of teaching. Nic also began to develop a specialised yoga class designed for people with hypermobility and EDS, but as of July '24 hadn't scheduled a start date for the session. Director Matt Thomas continued papermaking, with weekly 'Matt's Paper Hog' shop days at RAAY. The paper shop has begun to develop a small, but gradually growing cohort of regular customers for handmade and recycled paper. He also presented papermaking demonstrations at Union Street Party, and took part in Manor Street Galleries Market days. Discussions began with The Learning Exchange to develop and deliver making sessions, but didn't materialise. RAAY hosted the official festival bookshop during the first Plymouth Poetry Festival in April of 2024. In addition, a live poetry event was held at RAAY during the festival. After the festival finished, we continued to stock collections and pamphlets by Plymouth and Devon poets, making them available during Paper Shop days. We also agreed to host the bookshop during the 2025 festival. Other activities included: providing a film to Screening the Future, a symposium of Plymouth's urban culture; taking part in the Wonderzoo Winter Warmer in December of '23; continuing involvement with Alan Qualtrough at Kiss & Bite Letterpress Studio in Ocean Studios, and initial meetings with Jarsquad, Food Plymouth and Hedgerow Hound about the development of a pickle/ferment centred event to be held in 2025. In 2024 RAAY also signed up to Climate Connections plymouth, and took part in initial meetings for the Let's Change Culture scheme held at UOP Earth Institute, and centred around creatives working toward sustainability and climate action. This ties in well with RAAY's commitment to low carbon and sustainable business practices. Invovlement with community group Adelaide Street Angels continued in the form of monthly litter picks which happen under the umbrella of Clean Our Patch, and monthly meetings. The meetings moved to Cafe Momus on Manor Street, on a temporary basis, but as of July '24, were still being held there. The Medieval Day that was postponed in 2023, was held in June, in Adelaide Park, and provided a day of medieval-themed activities for the community. Two Adelaide Street Angels members are part of the Plymouth Medieval Society, who hosted the day. Other groups involved included Plymouth Play Scrapstore and the Stonehouse Community Builders team. A planned community garden day was cancelled due to bad weather. The Adelaide Angels gardening activities were given a Wilder Communities Award by Devon Wildlife Trust.

Consultation with stakeholders

RAAY’s stakeholders fall into three groups: People in the Stonehouse area around RAAY who come to exhibitions, activities and classes; artists and teachers who work with us; and other organisations in the area with whom we partner for various community activities (or-ganisations include Nudge Community Builders, Wonderzoo, Plymouth Play Association Scrapstore, Omnium Radio CIC, Jar Squad, The Village Hub, The Flax Project). As with last year, consultation with stakeholders was limited as were all regular activities, due to Nic's ongoing health concerns. The yoga philosophy sessions have continued to be well attended and popular, and are currently the only established professional development sessions for yoga teachers in Plymouth. Teachers find the information and support useful, and much that is discussed in the sessions has been taken into the wider yoga teaching environment in Plymouth. The establishment of a Hypermobility support group has proved to be essential and important for hypermobility, EDS and chronic pain sufferers. Though attendance can be sporadic due to the pacing needs of participants, a stable, regular session is an important step toward fostering an environment of care and compassion for people suffering from not-well-understood conditions. Among members of that group, there is enthusiasm for a special-ised class, which has led to Nic's development of such a class, though the class itself hasn't begun. With respect to art & papermaking, informal discussion with visitors to the paper shop days and demos that have happened elsewhwere (Union Street Party, etc.), have shown that there is a clear interest in some sort of workshop or making session centred on papermaking. While some developmental ideas have been discussed, as yet no program of sessions has begun, but it remains an area of interest for us. With respect to RAAY's involvement with the Adelaide Street Angels, monthly meetings and litter picks have continued to be a way to interact with other members of the community in a direct way about neighbourhood issues that impact all of us. The group had a strong rela-tionship with Plymouth City Cllr Ian Tuffin, who was a regular attendee of both the meetings and litter picks. Cllr Tuffin used the Angels activities as a way to monitor concerns in the community that he could assist in addressing in his role as a council member. On his retire-ment, Cllr Alison Raynsford stepped into his role and has proved an ongoing and valuable source of support for the community group.

Directors' remuneration

Director’s salary of £2,000 (Nic Sharpe - £1000, Matt Thomas £1000) was accrued. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Matthew Thomas
Status: Director