WETA COMMUNITY SERVICES CIC

Company limited by guarantee

Company Registration Number:
12081795 (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

WETA COMMUNITY SERVICES CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

WETA COMMUNITY SERVICES CIC

Directors' report period ended 31 July 2024

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

Razia Shaikh-Patel
Feroz Patel
Mark Anthony Nesbitt
Khadija Wadee


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
7 April 2025

And signed on behalf of the board by:
Name: Razia Shaikh-Patel
Status: Director

WETA COMMUNITY SERVICES CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 42,910 25,950
Cost of sales: ( 3,040 ) ( 2,097 )
Gross profit(or loss): 39,870 23,853
Administrative expenses: ( 34,820 ) ( 21,144 )
Operating profit(or loss): 5,050 2,709
Profit(or loss) before tax: 5,050 2,709
Tax: ( 932 ) ( 488 )
Profit(or loss) for the financial year: 4,118 2,221

WETA COMMUNITY SERVICES CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 219
Total fixed assets: 0 219
Current assets
Debtors: 4 0 29
Cash at bank and in hand: 18,804 15,487
Total current assets: 18,804 15,516
Creditors: amounts falling due within one year: 5 ( 12,714 ) ( 13,763 )
Net current assets (liabilities): 6,090 1,753
Total assets less current liabilities: 6,090 1,972
Total net assets (liabilities): 6,090 1,972
Members' funds
Profit and loss account: 6,090 1,972
Total members' funds: 6,090 1,972

The notes form part of these financial statements

WETA COMMUNITY SERVICES 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.

This report was approved by the board of directors on 7 April 2025
and signed on behalf of the board by:

Name: Razia Shaikh-Patel
Status: Director

The notes form part of these financial statements

WETA COMMUNITY SERVICES 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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    33% straight line

WETA COMMUNITY SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

WETA COMMUNITY SERVICES 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 658 658
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 658 658
Depreciation
At 1 August 2023 439 439
Charge for year 219 219
On disposals
Other adjustments
At 31 July 2024 658 658
Net book value
At 31 July 2024 0 0
At 31 July 2023 219 219

WETA COMMUNITY SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Other debtors 0 29
Total 0 29

WETA COMMUNITY SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 1,018 572
Accruals and deferred income 10,000 12,235
Other creditors 1,696 956
Total 12,714 13,763

COMMUNITY INTEREST ANNUAL REPORT

WETA COMMUNITY SERVICES CIC

Company Number: 12081795 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

In this reporting year, WETA delivered various projects in Trafford and Manchester area such as our wellbeing project using Henna, our personal resilience building coffee mornings and our newly introduced, hike and talk sessions. We have established self-help support groups to enable women of colour to be more resilient regarding their own personal mental health and wellbeing. Although, our projects are open to all, our main beneficiaries are from the following communities: Women of colour who live in the Trafford and Manchester area Women Carers Women of colour living with long term physical or mental health conditions Women of colour who are unemployed We use henna learning as our anchor for women. We have seen very positive impact on these women who attends our groups. Supporting and encouraging community members to develop and improve personal and social skills such as communication and community integration to create a more inclusive society. Supporting and training unemployed members of the community in key skills required by employers as basis for gaining employment. The impact of this support and training is to enable beneficiaries to progress to employment, reduce unemployment, dependence on state benefits and improve the financial and social welfare of the community. Supporting and training community members in business skills. The aim of this activity is to enable those who opt for business as an alternative to employment, to develop the key business skills to be able to start and run small businesses successfully. The expected overall outcomes of our activities are to improve knowledge and the economic and social welfare of the community. This reporting year we have engaged with more women from the community and more women are now attending on a regular basis. Coming to the project as an attendees/service user some women have become volunteers with WETA and other community organisations, There are also women whom have become self employed Henna artists and women are aspiring to regain employment. All of them responded in their feedback that they're more confident now and overall wellbeing has improved greatly.

Consultation with stakeholders

The company’s stakeholders are the residents of Manchester including those who have participated in the local events and activities of the company. The company supporters and directors are drawn from Manchester and other stakeholders are those who have participated in our online activities and may be located in the other parts of the country. We register participants of our activities and maintain a record of their details and contacts including email and telephone contacts. We use the contacts to share the information and plans for our activities and invite members to propose suggestions for improvements and new activities. We use a feedback form at the end of each activity to capture views and feedback of the impact of the activities on participants and beneficiaries. The directors meet regularly to review feedback, carry out research and collect data from the community and incorporate them in future plans and activities. Our stakeholders are both participants and staff – via our women only focus groups and 1-2-1’s we consult with key stakeholders regularity on key topics and subjects concerning them, their wellbeing and our future activities

Directors' remuneration

There were no other transactions or arrangements in connection with the remuneration of the directors, or compensation for directors’ 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
10 April 2025

And signed on behalf of the board by:
Name: Razia Shaikh-Patel
Status: Director