STEM4 WELLBEING CIC

STEM4 WELLBEING CIC

STEM4 WELLBEING CIC - Company Information

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STEM4 WELLBEING CIC

Company Registration Number:
12945014 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2022

Period of accounts

Start date: 1 October 2021

End date: 30 September 2022

STEM4 WELLBEING CIC

Contents of the Financial Statements

for the Period Ended 30 September 2022

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

STEM4 WELLBEING CIC

Directors' report period ended 30 September 2022

The directors present their report with the financial statements of the company for the period ended 30 September 2022

Principal activities of the company

The principal activity of the company was that of income generation to support the charity stem4



Directors

The directors shown below have held office during the whole of the period from
1 October 2021 to 30 September 2022

Mr A G Sales
 Dr N S Krause

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
4 February 2023

And signed on behalf of the board by:
Name: Dr N S Krause
Status: Director

STEM4 WELLBEING CIC

Balance sheet

As at 30 September 2022

Notes 2022 2021


£
£
Called up share capital not paid: 0 0
Current assets
Debtors: 3 100 100
Total current assets: 100 100
Net current assets (liabilities): 100 100
Total assets less current liabilities: 100 100
Total net assets (liabilities): 100 100
Capital and reserves
Called up share capital: 100 100
Total Shareholders' funds: 100 100

The notes form part of these financial statements

STEM4 WELLBEING CIC

Balance sheet statements

For the year ending 30 September 2022 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 4 February 2023
and signed on behalf of the board by:

Name: Dr N S Krause
Status: Director

The notes form part of these financial statements

STEM4 WELLBEING CIC

Notes to the Financial Statements

for the Period Ended 30 September 2022

  • 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

STEM4 WELLBEING CIC

Notes to the Financial Statements

for the Period Ended 30 September 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 2 2

STEM4 WELLBEING CIC

Notes to the Financial Statements

for the Period Ended 30 September 2022

3. Debtors

2022 2021
£ £
Other debtors 100 100
Total 100 100

COMMUNITY INTEREST ANNUAL REPORT

STEM4 WELLBEING CIC

Company Number: 12945014 (England and Wales)

Year Ending: 30 September 2022

Company activities and impact

The company did not trade in the year ended 30 September 2022. Stem4 wellbeing CIC was established as a subsidiary of the charity stem4 limited (charity registration number 1144506, company registration number 07779151) as part of a long-termsustainability strategy by the charity to pursue additional income-generation opportunities,with profits feeding back to the charity to further the charity’s objects.The Company is not established or conducted for private gain: any surplus or assets are usedprincipally for the benefit of the community, being those benefitting from the activities of thecharity stem4.Although the Company has not traded, a business group has been establishedwith representation from the CIC and stem4 charity. In addition, two third parties withsignificant business experience, have generously provided their time on a voluntary basis tosupport the development of the CIC business plan.In the year a number of opportunities have been discussed by the Business Committee andmarket research undertaken, including opportunities from overseas mental health applicences and licence potential for a new wellbeing digital development planned by the charity.The objects of the Company are aligned to stem4 and are stated in its articles of association:to carry on activities which benefit the community and in particular (without limitation) to: (a)benefit the physical and mental health of children and young people through the provision ofsupport, education and training; and (b) advance the mental health education of the generalpublic.(If applicable, please just state “A social audit report covering these points is attached”).

Consultation with stakeholders

The key stakeholders of the Company are those members of the public benefitting from itsactivities and those of the mental health charity stem4 which is the 100% owner of theCompany including children and young people, families/friends supporting them, teachers,and health professionals such as GPS and school nurses.From a governance perspective the trustees of stem4 charity are key stakeholders and thetwo directors of the CIC are also trustees of the charity.

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
4 February 2023

And signed on behalf of the board by:
Name: Dr N Krause
Status: Director