SEVA COMMUNITY CIC

Company limited by guarantee

Company Registration Number:
13981056 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 April 2023

End date: 31 July 2024

SEVA COMMUNITY 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

SEVA COMMUNITY 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

Principal activities of the company

The principal activity of the company during the period under review was yoga and wellbeing.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 July 2024

Lua Burrows


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
22 April 2025

And signed on behalf of the board by:
Name: Lua Burrows
Status: Director

SEVA COMMUNITY CIC

Profit And Loss Account

for the Period Ended 31 July 2024

16 months to 31 July 2024 13 months to 31 March 2023


£

£
Turnover: 250,884 79,282
Cost of sales: ( 71,144 ) ( 19,690 )
Gross profit(or loss): 179,740 59,592
Distribution costs: ( 2,981 ) ( 385 )
Administrative expenses: ( 154,966 ) ( 46,937 )
Operating profit(or loss): 21,793 12,270
Interest payable and similar charges: ( 1,196 ) ( 73 )
Profit(or loss) before tax: 20,597 12,197
Tax: ( 4,665 ) ( 2,317 )
Profit(or loss) for the financial year: 15,932 9,880

SEVA COMMUNITY CIC

Balance sheet

As at 31 July 2024

Notes 16 months to 31 July 2024 13 months to 31 March 2023


£

£
Fixed assets
Tangible assets: 3 32,760 7,048
Total fixed assets: 32,760 7,048
Current assets
Debtors: 4 6,689 18,490
Cash at bank and in hand: 4,288 563
Total current assets: 10,977 19,053
Creditors: amounts falling due within one year: 5 ( 16,201 ) ( 14,882 )
Net current assets (liabilities): (5,224) 4,171
Total assets less current liabilities: 27,536 11,219
Provision for liabilities: ( 1,724 ) ( 1,339 )
Total net assets (liabilities): 25,812 9,880
Members' funds
Profit and loss account: 25,812 9,880
Total members' funds: 25,812 9,880

The notes form part of these financial statements

SEVA COMMUNITY 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 22 April 2025
and signed on behalf of the board by:

Name: Lua Burrows
Status: Director

The notes form part of these financial statements

SEVA COMMUNITY 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: - the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the economic benefits associated with the transaction will flow to the Company; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

    Tangible fixed assets depreciation policy

    Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

    Intangible fixed assets amortisation policy

    Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Leasehold land and buildings - 10% Straight line Plant and machinery - 20% Straight line Furniture, fittings and equipment - 33% Straight line

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

SEVA COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    16 months to 31 July 2024 13 months to 31 March 2023
    Average number of employees during the period 2 2

SEVA COMMUNITY 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 April 2023 0 7,861 0 7,861
Additions 26,957 4,712 393 32,062
Disposals
Revaluations
Transfers
At 31 July 2024 26,957 12,573 393 39,923
Depreciation
At 1 April 2023 0 813 0 813
Charge for year 3,271 3,046 33 6,350
On disposals
Other adjustments
At 31 July 2024 3,271 3,859 33 7,163
Net book value
At 31 July 2024 23,686 8,714 360 32,760
At 31 March 2023 0 7,048 0 7,048

SEVA COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

16 months to 31 July 2024 13 months to 31 March 2023
£ £
Prepayments and accrued income 0 18,490
Other debtors 6,689 0
Total 6,689 18,490

SEVA COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

16 months to 31 July 2024 13 months to 31 March 2023
£ £
Taxation and social security 6,272 978
Accruals and deferred income 1,200 750
Other creditors 8,729 13,154
Total 16,201 14,882

SEVA COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Loans to directors

Name of director receiving advance or credit: Lua Burrows
Description of the transaction:
Advanced in the period
£
Balance at 31 March 2023
Advances or credits made: 6,329
Advances or credits repaid:
Balance at 31 July 2024 6,329

COMMUNITY INTEREST ANNUAL REPORT

SEVA COMMUNITY CIC

Company Number: 13981056 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

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.

Consultation with stakeholders

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.

Directors' remuneration

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.

Transfer of assets

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