WATERWELL FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
12777154 (England and Wales)

Unaudited statutory accounts for the year ended 30 July 2025

Period of accounts

Start date: 31 July 2024

End date: 30 July 2025

WATERWELL FOUNDATION CIC

Contents of the Financial Statements

for the Period Ended 30 July 2025

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

WATERWELL FOUNDATION CIC

Directors' report period ended 30 July 2025

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

Directors

The director shown below has held office during the whole of the period from
31 July 2024 to 30 July 2025

Tracy Cuthbertson


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
29 July 2026

And signed on behalf of the board by:
Name: Tracy Cuthbertson
Status: Director

WATERWELL FOUNDATION CIC

Profit And Loss Account

for the Period Ended 30 July 2025

2025 2024


£

£
Turnover: 16,145 9,506
Cost of sales: ( 6,811 ) ( 6,243 )
Gross profit(or loss): 9,334 3,263
Administrative expenses: ( 9,386 ) ( 3,883 )
Operating profit(or loss): (52) (620)
Profit(or loss) before tax: (52) (620)
Profit(or loss) for the financial year: (52) (620)

WATERWELL FOUNDATION CIC

Balance sheet

As at 30 July 2025

Notes 2025 2024


£

£
Current assets
Cash at bank and in hand: 6,955 3,727
Total current assets: 6,955 3,727
Net current assets (liabilities): 6,955 3,727
Total assets less current liabilities: 6,955 3,727
Accruals and deferred income: ( 7,008 ) ( 4,275 )
Total net assets (liabilities): (53) (548)
Members' funds
Profit and loss account: (53) ( 548)
Total members' funds: ( 53) (548)

The notes form part of these financial statements

WATERWELL FOUNDATION CIC

Balance sheet statements

For the year ending 30 July 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 29 July 2026
and signed on behalf of the board by:

Name: Tracy Cuthbertson
Status: Director

The notes form part of these financial statements

WATERWELL FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 July 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

WATERWELL FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 July 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 4 3

WATERWELL FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 30 July 2025

3. Financial Commitments

During the year the company received a National Lottery grant of £19,020 to fund a specific project. At the year end, £12,011.84 had been spent on eligible project costs. In addition, a balance of £3,575.50 was brought forward from a NHS Lancashire and South Cumbria grant received in the previous financial year, which remained subject to the original grant conditions and was restricted for use on the same project. The unspent grant funds were restricted for future project expenditure, including staff wages and associated costs, in accordance with the grant conditions. These balances were not available for general use and were carried forward as deferred grant income to be recognised as income in the periods in which the related expenditure was incurred. All deferred grant funding has subsequently been utilised in accordance with the grant conditions.

COMMUNITY INTEREST ANNUAL REPORT

WATERWELL FOUNDATION CIC

Company Number: 12777154 (England and Wales)

Year Ending: 30 July 2025

Company activities and impact

Company activities and impact The objects of the Company are to provide positive activities which benefit the community and, in particular (without limitation), to provide a counselling and support service to residents and people working in Rossendale and surrounding areas. The main focus of the organisation is suicide prevention, reducing social isolation and promotion of social inclusion. Developing confident and positive mindsets, the organisation creates resilience and healthy mental health awareness. Obtaining funding enhanced our free 1-2-1 and group support sessions. Bringing likeminded people together and encouraging users of the groups to speak out about shared experiences broke down barriers and opened pathways to openly talk about ill mental health. One of our funded projects, 'Spring into Action', continued to focus on renovating and maintaining a local village green. The project 'was funded by NHS Lancashire and South Cumbria Integrated Care Board, supported by BPRCVS. The project provided a further 45 session spaces (in addition to 107 session spaces from last year), approximately 60 hours delivered. Majority of the grant funding was spent on the village green maintenance equipment (such as strimmer's and tools etc) this provided sustainability of the groups and the sessions continue to be provided using the equipment purchased. Funding from National Lottery gave us the opportunity to create paid staff opportunities on a casual basis. The work conducted included multiple weekly craft and social groups to reduce isolation and improve social inclusion. The groups attending our sessions congregated in the local Tesco community rooms and were given the opportunity to decorate the setting throughout the 4 seasons. We continued to offer support to individuals and groups and occupied some space within the local community where we offered free training sessions as devised by Zero Suicide Alliance. We continue to reach out to members of our services through social media platfonns and provide self help techniques to help local people cope with changes that affect their mental and physical health. We use our ever-building network to signpost the people that we engage with. Our impact questionnaires highlight the changes we are making to people's lives are positive.

Consultation with stakeholders

The company's stakeholders are residents and workers of Rossendale, and in the surrounding area. The directors of the company have lived in Rossendale tor a number of years and developed the business model for the organisation based on impacts reported and on their experience of dealing with ill mental health in varying capacities, We amalgamate groups to bring people together. Our research has enabled us to reach out to vulnerable people that still don’t have access to the internet in their homes so we continue to leaflet drop in these homes to encourage residents to join us in social groups and special events. Funding secured for VE day brought many members of the community together.

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
29 July 2026

And signed on behalf of the board by:
Name: Tracy Cuthbertson
Status: Director