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
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 April 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
16 months to 31 July 2024 | 13 months to 31 March 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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Distribution costs: |
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Administrative expenses: |
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Operating profit(or loss): |
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Interest payable and similar charges: |
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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 | 16 months to 31 July 2024 | 13 months to 31 March 2023 | |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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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: | 5 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Provision for 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
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Other accounting policies
for the Period Ended 31 July 2024
16 months to 31 July 2024 | 13 months to 31 March 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 July 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2023 |
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At 31 July 2024 |
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At 1 April 2023 |
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Charge for year |
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On disposals | ||||||
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At 31 July 2024 |
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Net book value | ||||||
At 31 July 2024 |
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At 31 March 2023 |
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for the Period Ended 31 July 2024
16 months to 31 July 2024 | 13 months to 31 March 2023 | |
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£ | £ | |
Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 31 July 2024
16 months to 31 July 2024 | 13 months to 31 March 2023 | |
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£ | £ | |
Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 31 July 2024
Name of director receiving advance or credit: |
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Description of the transaction: | |
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£ | |
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Balance at 31 March 2023 | |
Advances or credits made: |
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Advances or credits repaid: | |
Balance at 31 July 2024 |
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Seva Community CIC has made a profound and positive impact on our community through its inclusive yoga and well-being initiatives. In the past financial year, our commitment to social responsibility has been reflected in various ways, showcasing the transformative power of yoga and well-being practices. One of our key accomplishments this year was the implementation of low-cost and free classes for several prominent charities, such as Age UK, Mind, Pancreatic Cancer UK, and Access Sport. These initiatives aimed to make the benefits of yoga and well-being accessible to diverse segments of the community, promoting physical and mental health for individuals facing various challenges. In addition to our charity partnerships, we have taken a proactive approach to inclusivity by offering free classes for those on low incomes. Recognizing that financial difficulties should not be a barrier to well-being, we have also implemented a discount program, allowing individuals experiencing financial challenges to access our services and prioritize their mental and physical health. Recognizing the importance of supporting healthcare professionals, we organized well-being days in hospitals for NHS staff. These events provided an opportunity for healthcare workers to engage in rejuvenating yoga and mindfulness practices, fostering resilience and mental well-being in high-stress environments. Seva Community CIC also extended its outreach to educational institutions, offering yoga classes in schools for children, teenagers, and teachers alike. By integrating wellness practices into the academic setting, we aimed to enhance the overall well-being of students and educators, fostering a positive and nurturing learning environment. In a significant step towards inclusivity, we proudly opened a new studio that is wheelchair accessible. This strategic move not only reflects our commitment to creating a space that welcomes individuals of all abilities but also ensures that everyone in the community has the opportunity to benefit from the transformative power of yoga and well-being practices. Overall, Seva Community CIC's efforts have resulted in a more resilient, connected, and healthier community. By reaching out to diverse demographics, collaborating with charitable organizations, and promoting inclusivity through accessible facilities, we have contributed to the well-being of individuals across various sectors of society. Our journey continues, driven by the belief that everyone deserves the opportunity to experience the physical, mental, and emotional benefits of yoga and well-being.
Lua Burrows, the director of Seva Community CIC, has deep roots in Sidcup and Bexley, having spent her entire life in these communities. Lua's personal challenges instilled in her a profound appreciation for the transformative power of yoga and well-being practices. Having experienced first-hand the positive impact that these services can have on individuals facing difficulties, Lua was inspired to establish Seva Community CIC. Her mission is rooted in the belief that everyone, regardless of financial or physical limitations, should have access to the enriching benefits of yoga and well-being. Seva Community CIC thrives on the support and participation of a diverse group of stakeholders, all deeply connected to the local fabric of Sidcup and Bexley. Our stakeholders encompass: Local Residents of Sidcup and Bexley: At the heart of our community, local residents form the core of Seva Community CIC. Their engagement and involvement bring vitality and a sense of shared purpose to our inclusive yoga and well-being initiatives. Employees of Local Businesses: We extend our services to those who contribute to the local economy, recognizing the stress and demands of the professional world. Employees from local businesses find in Seva Community CIC a refuge to rejuvenate and restore balance in their lives. People on Low Income or Facing Hardships: Our commitment to accessibility is reflected in our outreach to individuals facing financial challenges. Seva Community CIC provides low-cost and free classes, ensuring that economic barriers don't hinder anyone from accessing the benefits of yoga and well-being. Individuals with Mental Health Problems, Illness, or Injury: Understanding the healing power of well-being practices, we welcome individuals dealing with mental health issues, illness, or injury. Our programs are designed to be inclusive and adaptable, fostering a supportive environment for those navigating unique health challenges. Seva Community CIC strives to be a sanctuary for everyone, irrespective of their background or circumstances. By catering to the diverse needs of our stakeholders, we create a space where well-being is a shared journey, fostering a stronger, healthier, and more connected community in Sidcup and Bexley. Feedback Forms: Regularly distributed feedback forms serve as a direct channel for stakeholders to express their thoughts, suggestions, and concerns. By gathering input through these forms, we gain insights into the specific needs and preferences of our community members, enabling us to tailor our programs and services accordingly. Newsletters: Our newsletters are not just a means of communication but also a platform for dialogue. We use newsletters to share updates, spotlight success stories, and solicit input from stakeholders. Through features like Q&A sessions and opinion polls, we actively seek feedback to gauge the effectiveness of our initiatives and identify areas for improvement. General Constructive Feedback: We encourage open communication and actively seek constructive feedback from our stakeholders through various channels. Whether it's in-person discussions, phone calls, or emails, we value the insights and suggestions provided by our community members, local businesses, and those benefitting from our services.
The total amount paid or receivable by directors in respect of qualifying services was £34,083 for the 16 months to 31 July 2024. This was inclusive of salary and pension costs. 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.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 April 2025
And signed on behalf of the board by:
Name: Lua Burrows
Status: Director