for the Period Ended 31 July 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 July 2024
Directors
The directors shown below have held office during the whole of the period from
1 August 2023
to
31 July 2024
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
And signed on behalf of the board by:
Name:
Status: Director
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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Operating profit(or loss): |
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Profit(or loss) before tax: |
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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 | |||
Debtors: | 3 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
(
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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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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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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 July 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 July 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 July 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Other debtors |
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Total |
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for the Period Ended 31 July 2024
2024 | 2023 | |
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£ | £ | |
Taxation and social security |
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Other creditors |
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Total |
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During this financial year, Wired Therapy continued its mission to provide accessible and affordable mental health care to young people and adults, with a particular focus on those aged 11 to 25 who are often underserved by traditional mental health services such as CAMHS. We supported 55 referrals through a combination of our Pay What You Can Afford (PWYCA) model and our standard sliding scale. Thanks to continued funding, we were able to offer therapy to individuals facing financial hardship, while also restructuring our sliding scale to increase accessibility and ensure the long-term sustainability of our service. Therapy was delivered both in person in Poole and online. Most clients accessed weekly therapy over several months, with the average length of engagement being 3.5 months. Through our integrative approach, we provide a unique, person-centred service that makes mental health care more accessible - particularly for those who find traditional forms of support unhelpful or inaccessible. With the addition of a new Associate Therapist, our work continued to support clients experiencing anxiety, loneliness, identity struggles, and the challenges of 'adulting', all through a trauma-informed and neuroaffirming lens.
We continue to consult with stakeholders including: - Young people and adults accessing therapy - Parents/carers of those in therapy - Referrers including GP surgeries, schools, and mental health professionals How stakeholders were consulted: - Regular therapy reviews - End of therapy evaluation forms - Anonymous case studies - Team supervision and peer reflection - Ongoing conversations with professional services about emerging needs Action taken in response to feedback: - Based on client feedback, we continued funding applications to sustain the PWYCA model, enabling more people to access therapy regardless of income - Clients consistently valued our safe, relaxed, and non-clinical approach, so we ensured our Poole therapy space remained welcoming and comfortable. We also increased relevant social media content to reflect the real-life issues clients bring into therapy - We offered more evening and online sessions to meet rising demand from students and working adults
Found in accounts under Detailed Income and Expenditure Account
No transfer of assets other than for full consideration
This report was approved by the board of directors on
17 April 2025
And signed on behalf of the board by:
Name: E Edge
Status: Director