SPIDER PROJECT WIRRAL CIC

Company limited by guarantee

Company Registration Number:
08900524 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 29 February 2024

End date: 28 February 2025

SPIDER PROJECT WIRRAL CIC

Contents of the Financial Statements

for the Period Ended 28 February 2025

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

SPIDER PROJECT WIRRAL CIC

Directors' report period ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Principal activities of the company

The principal activity of the company continued to be that of creative arts and wellbeing recovery community project.



Directors

The directors shown below have held office during the whole of the period from
29 February 2024 to 28 February 2025

M Doyle
S Honor
M Bowen


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
21 July 2025

And signed on behalf of the board by:
Name: M Bowen
Status: Director

SPIDER PROJECT WIRRAL CIC

Profit And Loss Account

for the Period Ended 28 February 2025

2025 2024


£

£
Turnover: 1,174,010 1,173,539
Cost of sales: ( 47,756 ) ( 57,555 )
Gross profit(or loss): 1,126,254 1,115,984
Administrative expenses: ( 1,119,396 ) ( 1,111,183 )
Operating profit(or loss): 6,858 4,801
Profit(or loss) before tax: 6,858 4,801
Profit(or loss) for the financial year: 6,858 4,801

SPIDER PROJECT WIRRAL CIC

Balance sheet

As at 28 February 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 36,507 24,985
Total fixed assets: 36,507 24,985
Current assets
Debtors: 4 15,320 27,531
Cash at bank and in hand: 260,109 202,144
Total current assets: 275,429 229,675
Creditors: amounts falling due within one year: 5 ( 142,078 ) ( 91,660 )
Net current assets (liabilities): 133,351 138,015
Total assets less current liabilities: 169,858 163,000
Total net assets (liabilities): 169,858 163,000
Members' funds
Profit and loss account: 169,858 163,000
Total members' funds: 169,858 163,000

The notes form part of these financial statements

SPIDER PROJECT WIRRAL CIC

Balance sheet statements

For the year ending 28 February 2025 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 21 July 2025
and signed on behalf of the board by:

Name: M Bowen
Status: Director

The notes form part of these financial statements

SPIDER PROJECT WIRRAL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 25% Straight Line IT Equipment 25% Straight Line Motor vehicles 25% Reducing Balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Other accounting policies

    Impairment of fixed assets At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Equity instruments Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Leases Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed. Judgements and key sources of estimation uncertainty In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

SPIDER PROJECT WIRRAL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 36 35

SPIDER PROJECT WIRRAL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 29 February 2024 51,232 38,605 0 89,837
Additions 1,768 39,850 41,618
Disposals ( 477 ) ( 477 )
Revaluations
Transfers
At 28 February 2025 50,755 40,373 39,850 130,978
Depreciation
At 29 February 2024 38,543 26,309 0 64,852
Charge for year 11,689 8,444 9,963 30,096
On disposals ( 477 ) ( 477 )
Other adjustments
At 28 February 2025 49,755 34,753 9,963 94,471
Net book value
At 28 February 2025 1,000 5,620 29,887 36,507
At 28 February 2024 12,689 12,296 0 24,985

SPIDER PROJECT WIRRAL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Debtors

2025 2024
£ £
Trade debtors 2,772 15,721
Other debtors 12,548 11,810
Total 15,320 27,531

SPIDER PROJECT WIRRAL CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 492 1,743
Taxation and social security 79,579 75,857
Other creditors 62,007 14,060
Total 142,078 91,660

COMMUNITY INTEREST ANNUAL REPORT

SPIDER PROJECT WIRRAL CIC

Company Number: 08900524 (England and Wales)

Year Ending: 28 February 2025

Company activities and impact

This past year Spider Project CIC has continued to support a large number of people either in crisis, with mental health difficulties or with recovering from addiction to substances including alcohol. We help anyone 18+ from across the Wirral community. Our Crisis Services/Cafes Campaneros and Cafe 71 in both Wirral and Chester are open from 10am-10pm every day of the year, including all bank holidays. Individuals can present with any form of emotional or psychological crisis and we support people with a whole host of issues including but not exclusive to bereavement, redundancy, long term health problems, suicidal ideation, anxiety and depression and relationship issues. Our original Spider service, operating from Hamilton street has continued to support people with addiction issues and/or mental health issues. We have 150-200 referrals every month to each crisis cafe as well as a rolling membership of 400-500 people in each cafe. We have a rolling membership of 200 people in Spider, Hamilton street with new referrals of 25-30 every month. Our Creative Recovery programme has run throughout the year across all 3 of our sites in Wirral and Chester. The programme offers creative, holistic, physical and educational activities as well as employment courses, workshops and outward bound trips. All our members have the opportunity to benefit from the wide range of activities on the timetable and we offer over 40 activities every week. We support people with a whole host of issues, including housing, welfare, unemployment as well as mental health and addiction issues. Over the last year we have continued with responding to hardship issues by distributing hampers with food and household essentials as well as hosting community meals. In addition to this we have continued with SILK, our family and carers’ support service. This is for anyone affected by a loved one, family or friend with addiction issues. Through this service, we offer 1-1, group work, creative recovery courses and telephone support. As well as supporting people in Spider we also refer to a network of services, including other mental health support services, clinical services, employment support, housing and foodbanks.

Consultation with stakeholders

Our main stakeholders are the people who use the service for support i.e. our members. Spider is a member-led organisation and therefore we ask for regular feedback and input from our members in order to shape the service to be what they want and need it to be. We do this through forums, surveys and questionnaires as well as having suggestion boxes where members can write down ideas either named or anonymous. We have 60-70 volunteers across the 3 sites of Spider. The majority of them are former members and therefore have good insight and experience to help start new initiatives and develop Spider going forward. They have regular 1-1s with the Volunteer Coordinators as well as volunteer meetings where any concerns or new ideas can be discussed. The volunteers are important stakeholders with whom we have regular consultation. The commissioners and funders are also stakeholders who we are in regular consultation with through monthly meetings and through the construction and development of monthly reports for all the services we offer. In addition to this we have a Board of Directors, 40 staff and around 15 sessional staff, all of whom have a key input into the running of Spider and the company’s activities.

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
21 July 2025

And signed on behalf of the board by:
Name: M Bowen
Status: Director