WONDERFUL WAY CIC

Company limited by guarantee

Company Registration Number:
13498677 (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

WONDERFUL WAY CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

WONDERFUL WAY CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Cost of sales: ( 23,041 )
Gross profit(or loss): (23,041)
Administrative expenses: ( 7,664 ) ( 9,490 )
Other operating income: 30,705 11,710
Operating profit(or loss): 0 2,220
Profit(or loss) before tax: 0 2,220
Tax: ( 374 )
Profit(or loss) for the financial year: 0 1,846

WONDERFUL WAY CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 2,901
Cash at bank and in hand: 299 2,708
Total current assets: 3,200 2,708
Creditors: amounts falling due within one year: 4 ( 388 )
Net current assets (liabilities): 3,200 2,320
Total assets less current liabilities: 3,200 2,320
Creditors: amounts falling due after more than one year: 5 ( 880 )
Total net assets (liabilities): 2,320 2,320
Members' funds
Profit and loss account: 2,320 2,320
Total members' funds: 2,320 2,320

The notes form part of these financial statements

WONDERFUL WAY 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 25 April 2025
and signed on behalf of the board by:

Name: OYEDIRAN, Bolanle
Status: Director

The notes form part of these financial statements

WONDERFUL WAY 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

    Other accounting policies

    The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling.

WONDERFUL WAY 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

WONDERFUL WAY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Debtors

2024 2023
£ £
Other debtors 2,901
Total 2,901

WONDERFUL WAY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

  2023
  £
Other creditors 388
Total   388

WONDERFUL WAY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

2024
£
Other creditors 880
Total 880

COMMUNITY INTEREST ANNUAL REPORT

WONDERFUL WAY CIC

Company Number: 13498677 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

PART 1 - GENERAL DESCRIPTION OF THE COMPANY’S ACTIVITIES AND IMPACT In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. In particular, the company’s activities are carried out for the benefits of residents of Nottinghamshire and Derbyshire County that living on low income or no income who are struggling to gain employment, distressed by unmanageable money worries, in need to develop the skills, knowledge, attitudes and behaviours they need to manage their money well. Wonderful Way runs intervention programmes such as money management courses, employment workshops, coaching sessions and food support. Our intervention programmes explore different aspects of money such as spending, savings, budgeting creating awareness on money behavioural patterns and provide sustainable resolutions for financial difficulties. Also, our employment workshops support people to return to employment and retain their employment. We hope that the availability of our free intervention programmes will alleviate poverty, empower individuals, restore hope in the community, reduce the numbers of local residents going through financial difficulties and facing cost of living hardship. We’ve established links with local authorities, charities, local groups and recruiters to develop ways of improving employability, reducing financial difficulty and proving sustainable support towards cost-of-living hardship for Nottinghamshire, West Yorkshire and Derbyshire County residents

Consultation with stakeholders

Wonderful Way CIC have had consultation with B-Global and D2N2 Growth Hub (Nottingham City Council Team). Following on the consultations, we continue to restructure and improve our service delivery to ensure effective impact, service users’ satisfaction and progression. We’ve expanded our established working relationship and partnership beyond Bassetlaw job centre, to schools, local groups and other charities within Bassetlaw council. Also, we established relationship with Staveley job centre, Bolsover libraries, Bradford libraries and chesterfield libraries, Nottingham city library to ensure that our organisation reaches wider service users that will benefit from our intervention programmes. We continuously implement effective tools that will benefit our clients more effectively.

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
25 April 2025

And signed on behalf of the board by:
Name: OYEDIRAN, Bolanle
Status: Director