DEESIDE WELLBEING COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
SC809969 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 9 May 2024

End date: 31 March 2025

DEESIDE WELLBEING COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

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

DEESIDE WELLBEING COLLECTIVE CIC

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

The principal activity of the company in the year under review was that of being a community-driven initiative dedicated to improving health, wellness, and mindfulness of children, young people and adults in the heart of Banchory, Aberdeenshire.



Directors

The directors shown below have held office during the whole of the period from
9 May 2024 to 31 March 2025

Mrs L Birnie
 Mrs V S Cleal
 Mrs L C Ross

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
19 November 2025

And signed on behalf of the board by:
Name: Mrs L C Ross
Status: Director

DEESIDE WELLBEING COLLECTIVE CIC

Profit And Loss Account

for the Period Ended 31 March 2025

11 months to 31 March 2025


£
Turnover: 17,006
Cost of sales: ( 8,180 )
Gross profit(or loss): 8,826
Administrative expenses: ( 11,865 )
Other operating income: 11,610
Operating profit(or loss): 8,571
Interest receivable and similar income: 1
Profit(or loss) before tax: 8,572
Tax: ( 1,629 )
Profit(or loss) for the financial year: 6,943

DEESIDE WELLBEING COLLECTIVE CIC

Balance sheet

As at 31 March 2025

Notes 11 months to 31 March 2025


£
Fixed assets
Tangible assets: 3 5,225
Total fixed assets: 5,225
Current assets
Stocks: 4 342
Debtors: 5 4,550
Cash at bank and in hand: 9,442
Total current assets: 14,334
Creditors: amounts falling due within one year: 6 ( 11,623 )
Net current assets (liabilities): 2,711
Total assets less current liabilities: 7,936
Provision for liabilities: ( 993 )
Total net assets (liabilities): 6,943
Members' funds
Profit and loss account: 6,943
Total members' funds: 6,943

The notes form part of these financial statements

DEESIDE WELLBEING COLLECTIVE CIC

Balance sheet statements

For the year ending 31 March 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 19 November 2025
and signed on behalf of the board by:

Name: Mrs L C Ross
Status: Director

The notes form part of these financial statements

DEESIDE WELLBEING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 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 measured at fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered net of discounts. Income is recognised when the service has been provided, when the amount of revenue can be measured reliably and when its probable that future economic benefits will flow to the entity. If a customer has not been invoiced for services provided during the period the income is accrued and included in debtors under prepayments and accrued income. Income from grants is recognised when the company is entitled to the funds, and any conditions attached to the grants have been met, it is probable that the income will be received, and the amounts can be measured reliably and is not deferred.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. Plant and machinery - 25% on reducing balance

    Other accounting policies

    Financial instruments The following assets and liabilities are classified as financial instruments - trade debtors, accrued income and deferred income. Trade debtors, accrued income and deferred income are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. Taxation Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

DEESIDE WELLBEING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    11 months to 31 March 2025
    Average number of employees during the period 3

DEESIDE WELLBEING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 5,802 5,802
Disposals
Revaluations
Transfers
At 31 March 2025 5,802 5,802
Depreciation
Charge for year 577 577
On disposals
Other adjustments
At 31 March 2025 577 577
Net book value
At 31 March 2025 5,225 5,225

DEESIDE WELLBEING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Stocks

11 months to 31 March 2025
£
Stocks 342
Total 342

DEESIDE WELLBEING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Debtors

11 months to 31 March 2025
£
Trade debtors 400
Prepayments and accrued income 2,050
Other debtors 2,100
Total 4,550

DEESIDE WELLBEING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due within one year note

11 months to 31 March 2025
£
Taxation and social security 636
Accruals and deferred income 10,987
Total 11,623

DEESIDE WELLBEING COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

7. Financial Commitments

Leasing Agreements The lease on the property is an assignment from the previous tenants to Deeside Wellbeing Collective. The original rental agreement ran from 1 February 2021 to 31 January 2026 of £7000 plus VAT per annum rent, after which it would transition to a rolling agreement. This arrangement is now continuing under Deeside Wellbeing Collective. Community Interest Company The company is a CIC. All profits are reinvested in the business to carry on activities which benefit the community and in particular (without limitation) provide the residents of Banchory and surrounding areas with classes, workshops and events which benefit physical and mental health and wellbeing. In the event of the company's closure, all dividends, profits and company values are passed to the asset lock. The asset lock is Movement Evolution C.I.C., Company Registration Number: SC628050

COMMUNITY INTEREST ANNUAL REPORT

DEESIDE WELLBEING COLLECTIVE CIC

Company Number: SC809969 (Scotland)

Year Ending: 31 March 2025

Company activities and impact

Deeside Wellbeing Collective (DWC) opened a community wellbeing studio in the centre of Banchory, Aberdeenshire at the end of October 2024. DWC’s mission was to create a supportive community space where individuals of all backgrounds could come together to nurture their physical, mental and emotional wellbeing. The community wellbeing studio offers a welcoming environment for a variety of yoga, meditation, reiki and other wellbeing events with a host of different practitioners hiring the space. The studio has become well established within the community in an extremely short space of time. Within the first few months of opening, the studio was utilised at 80% capacity with 19 weekly classes. In addition, two community classes were offered each month - one for adults and one for pre-school children. These community classes were offered free of charge or participants were welcome to give a donation if they wished. Over the school holidays, community classes were offered for school aged children (free to join/donation optional). During this financial year, DWC launched a social prescription scheme whereby individuals in the community could apply for a fully funded space at DWC’s seasonal workshops, events and retreats. This was also open to 3rd parties (such as family members, community members, health and social care professionals) to apply on an individual’s behalf. The scheme has been well utilised with 14 fully funded community spaces offered during this financial year. Our beneficiaries were often those on low income/with young families. DWC also launched a free yoga and mindfulness programme for teen girls at the local secondary school during this financial year. This programme was run in collaboration with local community partners - Active Schools Aberdeenshire and Live Life Aberdeenshire. The programme was fully subscribed and 100% of participants said they wanted to return for a future programme once the funded sessions ended.

Consultation with stakeholders

DWC’s stakeholders are residents of and visitors to Banchory and the surrounding villages and rural areas in Aberdeenshire. The directors of DWC grew up in the local area and currently live in and around Banchory with their families. Their children attend the local nursery, primary and secondary schools. We asked participants of monthly classes, events and our teen programme for feedback by filling in a short questionnaire about their experiences. This has helped us to build up a profile of local participants’ needs and what we can do to meet them effectively. We also liaised with community partners to gather their feedback on our social impact and have held free social prescribing workshops to help build further engagement with community partners. Community members have remarked to us that the studio is a great addition to the community and is helping to improve local people’s mental health and wellbeing.

Directors' remuneration

Total fees for yoga/meditation teaching provision throughout the year: Laura Ross - £1,240 paid for yoga instructor fees Vikki Cleal - £1,140 paid for yoga instructor fees Lynsey Birnie - £1,081 paid for meditation instructor fees

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
19 November 2025

And signed on behalf of the board by:
Name: Mrs L Ross
Status: Director