FLOW SPACE WELLNESS CIC

Company limited by guarantee

Company Registration Number:
14334863 (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

FLOW SPACE WELLNESS CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

FLOW SPACE WELLNESS CIC

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

Barnaby Hosking
Joshua Dickson


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
17 June 2025

And signed on behalf of the board by:
Name: Barnaby Hosking
Status: Director

FLOW SPACE WELLNESS CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 13 months to 30 September 2023


£

£
Turnover: 95,944 11,858
Cost of sales: ( 47,530 ) ( 5,113 )
Gross profit(or loss): 48,414 6,745
Distribution costs: ( 4,460 ) ( 640 )
Administrative expenses: ( 41,965 ) ( 26,345 )
Other operating income: 11,257 13,743
Operating profit(or loss): 13,246 (6,497)
Profit(or loss) before tax: 13,246 (6,497)
Tax: ( 1,086 )
Profit(or loss) for the financial year: 12,160 (6,497)

FLOW SPACE WELLNESS CIC

Balance sheet

As at 30 September 2024

Notes 2024 13 months to 30 September 2023


£

£
Fixed assets
Tangible assets: 3 1,124 0
Total fixed assets: 1,124 0
Current assets
Cash at bank and in hand: 11,440 1,636
Total current assets: 11,440 1,636
Net current assets (liabilities): 11,440 1,636
Total assets less current liabilities: 12,564 1,636
Creditors: amounts falling due after more than one year: 4 ( 6,901 ) ( 8,133 )
Total net assets (liabilities): 5,663 (6,497)
Members' funds
Profit and loss account: 5,663 ( 6,497)
Total members' funds: 5,663 (6,497)

The notes form part of these financial statements

FLOW SPACE WELLNESS CIC

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 17 June 2025
and signed on behalf of the board by:

Name: Barnaby Hosking
Status: Director

The notes form part of these financial statements

FLOW SPACE WELLNESS CIC

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 Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer Equipment 25% Reducing Balance

    Other accounting policies

    Government grants Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

FLOW SPACE WELLNESS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 13 months to 30 September 2023
    Average number of employees during the period 1 1

FLOW SPACE WELLNESS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 0 0
Additions 1,499 1,499
Disposals
Revaluations
Transfers
At 30 September 2024 1,499 1,499
Depreciation
At 1 October 2023 0 0
Charge for year 375 375
On disposals
Other adjustments
At 30 September 2024 375 375
Net book value
At 30 September 2024 1,124 1,124
At 30 September 2023 0 0

FLOW SPACE WELLNESS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

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

2024 13 months to 30 September 2023
£ £
Other creditors 6,901 8,133
Total 6,901 8,133

COMMUNITY INTEREST ANNUAL REPORT

FLOW SPACE WELLNESS CIC

Company Number: 14334863 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

During this financial year we have continued to be the most accessible ceramics studio in Dalston. Ceramics studios typically only offer their members a monthly membership which is not financially accessible for much of the demographic of east London, especially during a cost of living crisis and in an area of high rents. We are the only studio to offer Drop-In sessions every day from 9am to 10pm. Drop-In plans last for 12 months and offer our members a cheaper alternative to paying a monthly membership. Since London life is very busy for most people living here, Drop-In plans are by far the most popular way for people to continue their ceramics practice at the studio by saving members money by not having to pay for a membership during periods when they cant make it to the studio; such as during busy work periods, family and social engagement, holidays, work trips and sickness. We have added another weekly “pay what you can” (PWYC) Clay social on a Saturday night which continues to draw in ceramics enthusiasts who are looking for a cheaper introduction to ceramics as well as a more healthy and wholesome activity for a Friday or Saturday night out in London. With prices between £15 - £30 we continue to be the most affordable ceramics studio in East London We launched a successful work exchange program in September 2023 which continues to be booked out by people eager to help with maintenance and cleaning at the studio in exchange for studio time working on their own projects, making them an affordable option for people who are struggling financially. In terms of social impact, we are finding that some work exchange attendees are also wanting to get to know people in the area, be of service or who have been burnt out from overworking and are looking for ways to feel useful and learn something creative, in contrast to their previous jobs. We are continuing to offer a 25% discount to Charities and CIC’s who book a group session. Group sessions are becoming an important area of the studio to focus on as they bring a net benefit to other local companies by improving social cohesion and overall well-being of their employees. Since renovating our premises into a ceramics studio whilst also maintaining use for yoga and meditation, we have been able to reach a very wide demographic of the Local community and beyond: We received £5K funding to give free sessions to 13-19 year old over August 2023: These sessions were extremely well received and gave kids a sense of purpose and engagement over the summer holidays and were great fun. Due to our reduced price sessions and in particular our “Pay what you can” Friday night social, we have been able to attract people who are struggling financially and using the appropriate kind of advertising on our website and instagram accounts we have reached people who would not have otherwise considered coming to pottery, yoga and meditation sessions. We have held several day retreats “Clay Days” for local charities and the NHS ;for both their members and carers themselves. Clay Days are a wonderful day retreat that encapsulates what Dalston Clay is about: Getting people into a flow state during creative pursuits and giving them the gift of time, relaxation and social connections. We have received 198 five star google reviews to date with people responding well to the relaxing and calm atmosphere at the studio: a quality that speaks for itself amongst the business of London life. Any income during this financial year has gone directly into improving the studio and our offerings to the community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

£6,000 was received by way of salary

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 June 2025

And signed on behalf of the board by:
Name: Barnaby Hosking
Status: Director