HEADS ABOVE THE WAVES CIC

Company limited by guarantee

Company Registration Number:
09534155 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 1 May 2024

End date: 30 April 2025

HEADS ABOVE THE WAVES CIC

Contents of the Financial Statements

for the Period Ended 30 April 2025

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

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Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Directors

The director shown below has held office during the whole of the period from
1 May 2024 to 30 April 2025

Simon Martin


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
16 January 2026

And signed on behalf of the board by:
Name: Simon Martin
Status: Director

HEADS ABOVE THE WAVES CIC

Profit And Loss Account

for the Period Ended 30 April 2025

2025 2024


£

£
Turnover: 80,934 85,245
Cost of sales: ( 34,503 ) ( 55,635 )
Gross profit(or loss): 46,431 29,610
Administrative expenses: ( 43,246 ) ( 25,695 )
Other operating income: 0 1,546
Operating profit(or loss): 3,185 5,461
Profit(or loss) before tax: 3,185 5,461
Profit(or loss) for the financial year: 3,185 5,461

HEADS ABOVE THE WAVES CIC

Balance sheet

As at 30 April 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 2,764 3,445
Total fixed assets: 2,764 3,445
Current assets
Stocks: 4 7,095 6,568
Debtors: 5 1,169 1,613
Cash at bank and in hand: 18,224 11,965
Total current assets: 26,488 20,146
Creditors: amounts falling due within one year: 6 ( 2,588 ) ( 112 )
Net current assets (liabilities): 23,900 20,034
Total assets less current liabilities: 26,664 23,479
Total net assets (liabilities): 26,664 23,479
Members' funds
Profit and loss account: 26,664 23,479
Total members' funds: 26,664 23,479

The notes form part of these financial statements

HEADS ABOVE THE WAVES CIC

Balance sheet statements

For the year ending 30 April 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 16 January 2026
and signed on behalf of the board by:

Name: Simon Martin
Status: Director

The notes form part of these financial statements

HEADS ABOVE THE WAVES CIC

Notes to the Financial Statements

for the Period Ended 30 April 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

    Tangible fixed assets depreciation policy

    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: Fixtures & fittings 15% Reducing balance Computer equipment 25% Straight line

HEADS ABOVE THE WAVES CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 2 0

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Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2024 4,384 1,349 5,733
Additions
Disposals
Revaluations
Transfers
At 30 April 2025 4,384 1,349 5,733
Depreciation
At 1 May 2024 2,091 197 2,288
Charge for year 344 337 681
On disposals
Other adjustments
At 30 April 2025 2,435 534 2,969
Net book value
At 30 April 2025 1,949 815 2,764
At 30 April 2024 2,293 1,152 3,445

HEADS ABOVE THE WAVES CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Stocks

2025 2024
£ £
Stocks 7,095 6,568
Total 7,095 6,568

HEADS ABOVE THE WAVES CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

5. Debtors

2025 2024
£ £
Trade debtors 150 400
Prepayments and accrued income 915 883
Other debtors 104 330
Total 1,169 1,613

HEADS ABOVE THE WAVES CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

6. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 38
Accruals and deferred income 1,350 112
Other creditors 1,200
Total 2,588 112

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 09534155 (England and Wales)

Year Ending: 30 April 2025

Company activities and impact

The primary activity of Heads Above The Waves (HATW) is using merch with a message to help start conversations – and distributing printed literature with every purchase to help share mental health tips. The funds from merchandise sales help to cover rent & staff costs, and keep our website running, as a resource for young people who self-harm. Our website had 24,000 visitors, with around 4300 people accessing our ‘Things to Try’ page. Our Self-Harm Safety Plan was accessed 2100 times, and our list of Helplines was accessed 1500 times. 27 schools downloaded our ‘Let’s Talk About Body Image’ lesson plan. We created a new printed resource ‘Looking After Your Mental Health on Tour’ in response to our work at festivals, and with young people looking to get into creative careers. We collaborated with the surf company Reef on a campaign about ‘blue health’, encouraging folks to spend more time in and around water. This culminated in an event in Bristol, giving 16 young people the chance to try surfing for the first time. We collaborated with Single Parents Wellbeing to run a session on wellbeing and anxiety (using Lego as a coping mechanism & metaphor.) We ran a Mental Health First Aid course, giving 10 people an accredited qualification in mental health first aid. We also created a bilingual (English and Welsh) version of our ‘coping with self-harm’ booklet. At the end of the financial year, around 600 copies had been posted out or handed to people. We also presented at Wales’ National Suicide and Self-Harm Prevention Conference, helping to share best practice for supporting young people who self-harm with professionals across Wales. We continued to run online sessions for parents and carers (as online was more accessible than in person sessions proved to be).

Consultation with stakeholders

HATW’s stakeholders are primarily young people aged 11-25, in particular, those within the South Wales area, and with a real focus on those who have struggled or continue to struggle with their mental health. With this in mind, the main ways we consult with the stakeholders is through a) social media interactions (Instagram polls & Lives) and b) In person conversations – within our shop, at events, and every time we deliver a session of any kind. All sessions include feedback of some type (from polls on confidence supporting young people, to allowing for suggestions to improve the workshops further). Feedback from the parents/carers sessions we’ve run led to us evolving the session to be a bit more in depth, making it a little longer than the staff training sessions. As per the year before, we questioned whether keeping a physical retail space was the right decision. We asked people (via a Google Form) whether they think we should keep the space. 15/19 people said the space should stay. We also had consultation with people across Wales to ensure that the bilingual booklets had the right translation, so the idea gets across correctly, regardless of which area of Wales a Welsh speaker is from. There were a few changes made to language (especially slang) to make sure it’s suitable Wales-wide.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £18,296.71. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
16 January 2026

And signed on behalf of the board by:
Name: Simon Martin
Status: Director