THE KARMIC COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
14437068 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

THE KARMIC COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

THE KARMIC COLLECTIVE CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£
£
Turnover: 4,622 1,954
Cost of sales: ( 3,320 ) ( 1,279 )
Gross profit(or loss): 1,302 675
Operating profit(or loss): 1,302 675
Profit(or loss) before tax: 1,302 675
Profit(or loss) for the financial year: 1,302 675

THE KARMIC COLLECTIVE CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£
£
Current assets
Cash at bank and in hand: 387 675
Total current assets: 387 675
Net current assets (liabilities): 387 675
Total assets less current liabilities: 387 675
Total net assets (liabilities): 387 675
Members' funds
Profit and loss account: 387 675
Total members' funds: 387 675

The notes form part of these financial statements

THE KARMIC COLLECTIVE CIC

Balance sheet statements

For the year ending 31 October 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 31 October 2025
and signed on behalf of the board by:

Name: Lisa Murray
Status: Director

The notes form part of these financial statements

THE KARMIC COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

    Our company operates on a voluntary basis, with all activities designed to deliver clear community benefits. Any income generated during the financial year is used solely to cover operational costs and to reinvest directly into the community. After essential expenses (such as venue hire, equipment, and materials) are paid, all remaining funds are allocated to providing free or donation-based sessions for the community. These include sound baths, community wellbeing days, and children’s mindfulness sessions. This approach ensures that financial resources are used transparently and responsibly, in alignment with our mission to make wellbeing and relaxation practices accessible to everyone, regardless of financial circumstance. Our turnover reflects community support through paid sessions and donations, which are continually reinvested to expand free access and sustain inclusive wellbeing opportunities across the local area.

THE KARMIC COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

THE KARMIC COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Financial Commitments

The company has no outstanding financial commitments or liabilities. All income is used to cover essential operational expenses, with any remaining funds reinvested directly into providing free or donation-based community wellbeing sessions. The company operates on a voluntary, not-for-profit basis and holds no external debts or financial obligations.

COMMUNITY INTEREST ANNUAL REPORT

THE KARMIC COLLECTIVE CIC

Company Number: 14437068 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

During the financial year, our company has made a positive impact on the local community through a range of inclusive wellbeing activities. We have delivered regular sound bath sessions, community days, and children’s wellbeing sessions designed to promote relaxation, mindfulness, and emotional balance. A key focus has been ensuring these experiences are financially accessible to everyone. Many of our sessions have been offered free of charge or on a donation basis, allowing individuals and families from all backgrounds to participate regardless of income. This approach has supported community connection, improved mental wellbeing, and created welcoming spaces for people to unwind, connect, and feel supported. Through these efforts, we have strengthened community wellbeing, inclusivity, and access to holistic health practices across the area.

Consultation with stakeholders

No consultation with 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
31 October 2025

And signed on behalf of the board by:
Name: Lisa Murray
Status: Director