THE WISDOM SPACE C.I.C.

Company Registration Number:
12914027 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

THE WISDOM SPACE C.I.C.

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

THE WISDOM SPACE C.I.C.

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 13,258 6,400
Cost of sales: ( 1,231 ) ( 2,330 )
Gross profit(or loss): 12,027 4,070
Administrative expenses: ( 11,824 ) ( 3,829 )
Operating profit(or loss): 203 241
Profit(or loss) before tax: 203 241
Tax: ( 38 ) ( 46 )
Profit(or loss) for the financial year: 165 195

THE WISDOM SPACE C.I.C.

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Called up share capital not paid: 1 1
Current assets
Debtors: 3 87
Cash at bank and in hand: 1,951 736
Total current assets: 2,038 736
Creditors: amounts falling due within one year: 4 ( 1,278 ) ( 140 )
Net current assets (liabilities): 760 596
Total assets less current liabilities: 761 597
Total net assets (liabilities): 761 597
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 760 596
Total Shareholders' funds: 761 597

The notes form part of these financial statements

THE WISDOM SPACE C.I.C.

Balance sheet statements

For the year ending 30 September 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 1 May 2025
and signed on behalf of the board by:

Name: Michelle Hawkins-Collins
Status: Director

The notes form part of these financial statements

THE WISDOM SPACE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

THE WISDOM SPACE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THE WISDOM SPACE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Debtors

2024 2023
£ £
Other debtors 87
Total 87

THE WISDOM SPACE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,278 140
Total 1,278 140

COMMUNITY INTEREST ANNUAL REPORT

THE WISDOM SPACE C.I.C.

Company Number: 12914027 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

During the financial year 2023-2024, the Wisdom Space has made significant strides in positively impacting our community. We have reached over 500 individuals and created an accessible and affordable woodland space dedicated to nature connection. Our initiatives have fostered a sense of belonging and trust within the community, highlighted by the following achievements: Nature Connection: Our woodland space has provided a serene environment for community members to engage with nature, promoting mental well-being and encouraging outdoor activities. Support for Local Hospices and Cancer Support Groups: We have hosted numerous gatherings for local hospices and cancer support groups, offering a safe and supportive space for individuals and families facing challenging circumstances. This has strengthened community ties and provided vital emotional support. Regular Gatherings: Through our monthly and seasonal gatherings, we have built a foundation of trust and camaraderie among participants. These events have facilitated meaningful connections, allowing community members to share their experiences and support one another. Inclusivity: Our activities cater to diverse groups within the community, ensuring that everyone, regardless of their background or abilities, can participate and benefit from our offerings. Environmental Awareness: By promoting a connection to nature, we have raised awareness about environmental stewardship and sustainability, encouraging community members to actively engage in preserving their natural surroundings. The Wisdom Space continues to thrive as a nexus for connection, support, and growth, making a lasting impact on the lives of those we serve.

Consultation with stakeholders

Our stakeholders include woodland owners, clients, local residents, and our vibrant social media community of over 2,000 members. We prioritize open communication and collaboration, ensuring that all voices are heard in shaping the Wisdom Space. To foster strong relationships with woodland owners, we hold regular meetings and have established a WhatsApp group for ongoing dialogue. Our shared calendar and strategic meetings throughout the year facilitate coordinated efforts and collective decision-making. For our clients, we actively seek feedback after every event, allowing us to continuously refine our offerings based on their experiences and suggestions. This feedback loop is essential for understanding their needs and preferences. We also engage our database through regular emails, inviting them to share ideas and contribute to our programming. This proactive approach ensures that our activities remain relevant and aligned with community interests. Having lived in the local area for seven years, our director has developed the business model and offerings by engaging in conversations with residents and local shop owners. This firsthand experience has been invaluable in understanding the unique dynamics of our community. Additionally, we leverage our social media presence to gather insights and ideas from our 2,000+ followers. This digital engagement not only enhances our outreach but also strengthens our connection with the broader community. Through these comprehensive consultation efforts, we aim to create an inclusive and responsive environment at the Wisdom Space, ensuring that our activities truly reflect the needs and aspirations of our stakeholders.

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
1 June 2025

And signed on behalf of the board by:
Name: Michelle Hawkins-Collins
Status: Director