THRIVING SPACES CIC

Company limited by guarantee

Company Registration Number:
12518586 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2026

Period of accounts

Start date: 1 April 2025

End date: 31 March 2026

THRIVING SPACES CIC

Contents of the Financial Statements

for the Period Ended 31 March 2026

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

THRIVING SPACES CIC

Profit And Loss Account

for the Period Ended 31 March 2026

2026 2025


£
£
Turnover: 62 5,661
Cost of sales: ( 22,008 ) ( 4,736 )
Gross profit(or loss): (21,946) 925
Administrative expenses: ( 145,102 ) ( 154,716 )
Other operating income: 162,557 155,760
Operating profit(or loss): (4,491) 1,969
Profit(or loss) before tax: (4,491) 1,969
Profit(or loss) for the financial year: (4,491) 1,969

THRIVING SPACES CIC

Balance sheet

As at 31 March 2026

Notes 2026 2025


£
£
Fixed assets
Tangible assets: 3 7,727 12,220
Total fixed assets: 7,727 12,220
Current assets
Debtors: 4 10,238 1,000
Cash at bank and in hand: 39,160 30,863
Total current assets: 49,398 31,863
Creditors: amounts falling due within one year: 5 ( 2,797 ) ( 2,075 )
Net current assets (liabilities): 46,601 29,788
Total assets less current liabilities: 54,328 42,008
Accruals and deferred income: ( 46,811 ) ( 30,000 )
Total net assets (liabilities): 7,517 12,008
Members' funds
Profit and loss account: 7,517 12,008
Total members' funds: 7,517 12,008

The notes form part of these financial statements

THRIVING SPACES CIC

Balance sheet statements

For the year ending 31 March 2026 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 27 April 2026
and signed on behalf of the board by:

Name: Daniel Ross
Status: Director

The notes form part of these financial statements

THRIVING SPACES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

  • 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

THRIVING SPACES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

  • 2. Employees

    2026 2025
    Average number of employees during the period 4 4

THRIVING SPACES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2025 33,983 33,983
Additions
Disposals
Revaluations
Transfers
At 31 March 2026 33,983 33,983
Depreciation
At 1 April 2025 21,763 21,763
Charge for year 4,493 4,493
On disposals
Other adjustments
At 31 March 2026 26,256 26,256
Net book value
At 31 March 2026 7,727 7,727
At 31 March 2025 12,220 12,220

THRIVING SPACES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

4. Debtors

2026 2025
£ £
Other debtors 10,238 1,000
Total 10,238 1,000

THRIVING SPACES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

5. Creditors: amounts falling due within one year note

2026 2025
£ £
Other creditors 2,797 2,075
Total 2,797 2,075

COMMUNITY INTEREST ANNUAL REPORT

THRIVING SPACES CIC

Company Number: 12518586 (England and Wales)

Year Ending: 31 March 2026

Company activities and impact

Thriving Spaces (Thrive) was launched in October 2020 to support young people who are furthest away from the job market, particularly care-experienced young people and young offenders. Over the past 12 months, Thrive has had more than 3,728 visits from support/social workers, young people and partners. 43 young people have received intensive 1:2:1 wrap-around support, with 163 young people moving into work following their journey with Thrive. Thrive has delivered 282 interactive support sessions in partnership with support partners and employers. Support sessions have focused on areas including employability, wellbeing, housing and education. Our work at Thrive is helping to build a truly inclusive economy that tackles deprivation by reaching young people furthest away from the job market. Our work is unique as we also offer a safe space for social/support workers to meet with the young people they care for to build relationships. We believe that all young people have the right to live happy, safe and fulfilling lives. We are helping young people find a purpose and surrounding them with a network of people who have their best interests at heart. Our work also reduces the risks of grooming and exploitation related to this cohort of often vulnerable young people.

Consultation with stakeholders

The organisation's stakeholders include: Social and support workers Care-experienced young people Young Offenders Young Asylum Seekers Local Authorities Care support providers Supported accommodation providers Training providers Education providers Employers Thrive hosts regular meetings with the stakeholders above in the form of focus groups and one to one feedback. Actions we have taken based on feedback include: The types of employer/industry professionals who deliver sessions at Thrive Changing our food and drink offer based on young people's preferences Introducing social support such as garden sessions for isolation.

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
27 April 2026

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