WAYPOINT MARITIME CIC

Company limited by guarantee

Company Registration Number:
15096272 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 25 August 2023

End date: 31 August 2024

WAYPOINT MARITIME CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

WAYPOINT MARITIME CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: ( 5,188 )
Operating profit(or loss): (5,188)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (5,188)
Profit(or loss) for the financial year: (5,188)

WAYPOINT MARITIME CIC

Balance sheet

As at 31 August 2024

Notes 2024


£
Fixed assets
Intangible assets:   0
Tangible assets: 3 682
Total fixed assets: 682
Current assets
Cash at bank and in hand: 1,800
Total current assets: 1,800
Net current assets (liabilities): 1,800
Total assets less current liabilities: 2,482
Creditors: amounts falling due after more than one year: 4 ( 7,600 )
Total net assets (liabilities): (5,118)
Members' funds
Profit and loss account: (5,118)
Total members' funds: ( 5,118)

The notes form part of these financial statements

WAYPOINT MARITIME CIC

Balance sheet statements

For the year ending 31 August 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 14 May 2025
and signed on behalf of the board by:

Name: Dr Pennie Blackburn
Status: Director

The notes form part of these financial statements

WAYPOINT MARITIME CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

WAYPOINT MARITIME CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

    Waypoint Maritime is currently run as a volunteer led organisation

WAYPOINT MARITIME CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 682 682
Disposals
Revaluations
Transfers
At 31 August 2024 682 682
Depreciation
Charge for year
On disposals
Other adjustments
At 31 August 2024
Net book value
At 31 August 2024 682 682

WAYPOINT MARITIME CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

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

2024
£
Other creditors 7,600
Total 7,600

The Director of Waypoint Maritime has loaned the organistion funds to cover administrative costs

WAYPOINT MARITIME CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Financial Commitments

Director’s Loan During the financial year, the director advanced funds to the company to cover administrative and operational costs. These advances are unsecured, interest-free, and repayable on demand, subject to the availability of trading income.

COMMUNITY INTEREST ANNUAL REPORT

WAYPOINT MARITIME CIC

Company Number: 15096272 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Waypoint Maritime CiC is dedicated to promoting and supporting mental health and wellbeing in the maritime industry. We understand the unique challenges faced by seafarers and strive to provide the necessary resources and assistance to improve their mental well-being at sea. In the first year Waypoint maritime has carried out a number of essential pre-trading activities to establish the foundation for the future. A website was built and Waypoint Maritime launched in January 2024. Pre-trading activities included designing and developing services and continued to work on service development, alongside activities to promote best practice in maritime mental health and initiatives that integrate evidence-based mental health practices into the maritime industry. Activities include: - Publication of campaigns for mental health awareness and stress management on key dates such as mental health awareness week, international suicide prevention day and stress awareness week. - Sharing and promoting best practice in mental health for a maritime audience - Presentation at conferences, summits and webinars including Safety4Sea crew welfare week, ACI Salvage and Wreck and HR and crew management conferences, the International Group of P&I Clubs wellbeing seminar. - Features in articles and interviews in the maritime press, including Splash247, IMarEST and Safety4Sea - Development of innovative programmes for crew support, psychosocial and stress risk assessment and specialist training in critical incident support for crew Through these activities Waypoint Maritime CiC contributes to the maritime industry’s efforts to promote psychological wellbeing among seafarers. Waypoint Maritime CiC’s activities aim to benefit seafarers by increasing awareness of mental health and psychological wellbeing, building confidence in recognising and responding to distress, and supporting a more open and informed culture around mental health at sea within the industry. We encourage the industry to adopt evidence-based practice to support seafarer wellbeing through the development of practical and accessible mental health resources and design of tailored programmes for mental health promotion, protection and response. We help increase awareness, improve confidence in responding to psychological distress, support a more open dialogue around mental health at sea and promote best practice. As programmes continue to be developed we aim to pilot them within the industry. While formal impact measurement is not yet available, positive feedback and ongoing engagement highlights the relevance and value of this work.

Consultation with stakeholders

Waypoint Maritime’s stakeholders are people across the maritime community. A small group of ‘critical friends’ has been established of key industry informants, people who have specialist knowledge and a unique perspective on seafarer wellbeing because of their professional role, as seafarers themselves or as those involved directly in maritime organisations, professional advisory bodies, insurance and welfare organisations. Waypoint Maritime engages with these stakeholders in meetings, which informs key priorities for action and programme development. Waypoint maritime also engages informally with wider industry stakeholders through presentations, discussion forums and professional networks to ensure relevance and understanding of priority issues within industry which in turn informs our work. Feedback on publications and presentations is important to the company and allows us to tailor our approach.

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
14 May 2025

And signed on behalf of the board by:
Name: Dr Pennie Blackburn
Status: Director