BETAMINDS C.I.C.

Company limited by guarantee

Company Registration Number:
13051785 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

BETAMINDS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

BETAMINDS C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 15,012 1,750
Cost of sales: ( 6,480 ) ( 5,709 )
Gross profit(or loss): 8,532 (3,959)
Administrative expenses: ( 9,773 ) ( 1,871 )
Other operating income: 9,905
Operating profit(or loss): (1,241) 4,075
Profit(or loss) before tax: (1,241) 4,075
Tax: ( 795 )
Profit(or loss) for the financial year: (1,241) 3,280

BETAMINDS C.I.C.

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 280 315
Tangible assets: 4 169 225
Total fixed assets: 449 540
Current assets
Debtors: 5 1,938
Cash at bank and in hand: 6,973 3,371
Total current assets: 6,973 5,309
Creditors: amounts falling due within one year: 6 ( 4,083 ) ( 1,269 )
Net current assets (liabilities): 2,890 4,040
Total assets less current liabilities: 3,339 4,580
Total net assets (liabilities): 3,339 4,580
Members' funds
Profit and loss account: 3,339 4,580
Total members' funds: 3,339 4,580

The notes form part of these financial statements

BETAMINDS C.I.C.

Balance sheet statements

For the year ending 30 November 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 June 2025
and signed on behalf of the board by:

Name: R Blackett-Codrington
Status: Director

The notes form part of these financial statements

BETAMINDS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciation Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment 25% Reducing balance

    Intangible fixed assets amortisation policy

    Intangible fixed assets Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

    Other accounting policies

    Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling

BETAMINDS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

BETAMINDS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 December 2023 350 350
Additions
Disposals
Revaluations
Transfers
At 30 November 2024 350 350
Amortisation
At 1 December 2023 35 35
Charge for year 35 35
On disposals
Other adjustments
At 30 November 2024 70 70
Net book value
At 30 November 2024 280 280
At 30 November 2023 315 315

BETAMINDS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 300 300
Additions
Disposals
Revaluations
Transfers
At 30 November 2024 300 300
Depreciation
At 1 December 2023 75 75
Charge for year 56 56
On disposals
Other adjustments
At 30 November 2024 131 131
Net book value
At 30 November 2024 169 169
At 30 November 2023 225 225

BETAMINDS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Debtors

2024 2023
£ £
Other debtors 1,938
Total   1,938

BETAMINDS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 795
Accruals and deferred income 1,008 474
Other creditors 3,075
Total 4,083 1,269

COMMUNITY INTEREST ANNUAL REPORT

BETAMINDS C.I.C.

Company Number: 13051785 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

During the 2023–2024 financial year, Betaminds CIC expanded its reach and impact through targeted wellbeing initiatives and by securing a long-term physical base to support its future growth. Key activities included: Weekly Coffee Mornings at Jack Dunning Community Hall: Delivered in 12-week blocks, these sessions provided a safe and welcoming space for older residents (particularly women aged 55+) to connect, socialise, and reduce feelings of loneliness. Activities included bingo, crafts, discussions, and refreshments, and were shaped by the needs of participants. Daphne’s Dominoes: A culturally relevant wellbeing strand supporting older Black women through traditional games, conversation, and emotional peer support, run as part of the coffee mornings. Community Engagement and Listening Work: Informal consultation was carried out throughout the year to better understand the needs of residents across generations. This included community drop-ins, 1:1 conversations, and co-design sessions, ensuring our future offers were community-led. Securing a Community Premises, the BetaHub: In October 2024, Betaminds successfully acquired a long-term community space in Lower Clapton to serve as the BetaHub. This milestone marked a significant step forward, providing a dedicated base for intergenerational wellbeing activities, workshops, peer support, and creative programming. Foundational Work for Youth Programmes: While major youth-facing work is scheduled for 2024/2025, this period included continuing on the building of our My Torch is LIT project as well as important groundwork for initiatives such as our new BetaBallerz football, sports and Wellness programme, including relationship building with local schools, young people, and families. All activities were focused on improving mental health, fostering community connections, and addressing social isolation, especially for marginalised groups in Hackney.

Consultation with stakeholders

Stakeholder input was gathered through: Verbal feedback at coffee mornings and events Peer-led discussions on what support community members wanted to see Informal one-to-one conversations with older adults, families, and professionals Ongoing co-design of future activities in the BetaHub We used these insights to shape future programming, inform service design, and ensure a culturally relevant, responsive approach to community support.

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: R Blackett-Codrington
Status: Director