WATERWELL FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
12777154 (England and Wales)

Unaudited statutory accounts for the year ended 30 July 2024

Period of accounts

Start date: 31 July 2023

End date: 30 July 2024

WATERWELL FOUNDATION CIC

Contents of the Financial Statements

for the Period Ended 30 July 2024

Balance sheet
Additional notes
Community Interest Report

WATERWELL FOUNDATION CIC

Balance sheet

As at 30 July 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 3,727 725
Total current assets: 3,727 725
Net current assets (liabilities): 3,727 725
Total assets less current liabilities: 3,727 725
Accruals and deferred income: ( 4,275 ) ( 1,250 )
Total net assets (liabilities): (548) (525)
Members' funds
Profit and loss account: (548) ( 525)
Total members' funds: ( 548) (525)

The notes form part of these financial statements

WATERWELL FOUNDATION CIC

Balance sheet statements

For the year ending 30 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 29 April 2025
and signed on behalf of the board by:

Name: Tracy Cuthbertson
Status: Director

The notes form part of these financial statements

WATERWELL FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 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

WATERWELL FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

COMMUNITY INTEREST ANNUAL REPORT

WATERWELL FOUNDATION CIC

Company Number: 12777154 (England and Wales)

Year Ending: 30 July 2024

Company activities and impact

The objects of the Company are to provide positive activities which benefit the community and, in particular (without limitation), to provide a counselling and support service to residents and people working in Rossendale and surrounding areas. The main focus of the organisation is suicide prevention, reducing social isolation and promotion of inclusion. Developing confident and positive mindsets, the organisation creates resilience and healthy mental health awareness. Obtaining funding enhanced our free group support sessions. Bringing likeminded people together and encouraging users of the groups to speak out about shared experiences broke down barriers and opened pathways to openly talk about ill mental health. One of our funded projects, ‘Spring into Action’, focused on renovating and maintaining a local village green during the Spring months, using nature to promote healthy mental health by improving self-esteem and reducing loneliness. We collaborated with other local groups to strengthen our offerings, promoting our ethos of ‘Together We’re Stronger’. The project was funded by Lancashire and South Cumbria Integrated Care Board, supported by BPRCVS. The project provided 107 session spaces from 10 sessions and a total of 42 hours delivered. Majority of the grant funding was spent on the village green maintenance equipment (such as strimmer’s and tools etc) this provided sustainability of the groups and the sessions continue to be provided using the equipment purchased. To keep overhead costs to a minimum, we vacated our rented office, which, unfortunately, had an impact on the services we offered and reduced our 1-2-1 sessions, only dealing with people that benefit well from our services. Our volunteer pool reduced, therefore, we had to conduct the 1-2-1 meetings in public places, such as a cafe, which, in turn, reduced the level of discussions taking place. We continue to promote our free training as provided by the zero suicide alliance and we promote the telephone support services on offer such as Samaritans. We continue to reach out to members of our services through social media platforms and provide self help techniques to help local people cope with changes that affect their mental and physical health. We use our ever-building network to signpost the people that we engage with. Our impact questionnaires highlight the changes we are making to people’s lives are positive.

Consultation with stakeholders

The company’s stakeholders are residents and workers of Rossendale, and in the surrounding area. The directors of the company have lived in Rossendale for a number of years and developed the business model for the organisation based on impacts reported and on their experience of dealing with ill mental health in varying capacities. We ask users of the groups fill in a short questionnaire about the impact our sessions have had on their own mental health, this has helped us to build up a profile of local consumers’ needs and what we can do to meet them more effectively. Our research has enabled us to identify that Rossendale has historically had high amounts of suicide, we encourage people of our community to get involved to helped loved ones to deal with ill mental health.

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
20 April 2025

And signed on behalf of the board by:
Name: Tracy Cuthbertson
Status: Director