CRAFT CENTRAL CIC

Company limited by guarantee

Company Registration Number:
SC720549 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 21 January 2022

End date: 31 January 2023

CRAFT CENTRAL CIC

Contents of the Financial Statements

for the Period Ended 31 January 2023

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

CRAFT CENTRAL CIC

Directors' report period ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal activities of the company

The principal activities of the company are craft and jewellery making classes , workshops and seminars to the community.

Political and charitable donations

Grants received from Stirling Council and Stirling Carers Association, and Welcome for New Scots



Directors

The directors shown below have held office during the whole of the period from
21 January 2022 to 31 January 2023

Ms Jo Anne Pudelko
Ms Rebecca Pollard


The director shown below has held office during the period of
10 August 2022 to 31 January 2023

Miss Natalie McIllroy


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
10 August 2023

And signed on behalf of the board by:
Name: Ms Jo Anne Pudelko
Status: Director

CRAFT CENTRAL CIC

Profit And Loss Account

for the Period Ended 31 January 2023

2023


£
Turnover: 30,631
Cost of sales: ( 22,475 )
Gross profit(or loss): 8,156
Distribution costs: ( 4,472 )
Administrative expenses: ( 3,054 )
Operating profit(or loss): 630
Interest receivable and similar income: 0
Profit(or loss) before tax: 630
Tax: ( 120 )
Profit(or loss) for the financial year: 510

CRAFT CENTRAL CIC

Balance sheet

As at 31 January 2023

Notes 2023


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 5,530
Investments:   0
Total current assets: 5,530
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 5,020 )
Net current assets (liabilities): 510
Total assets less current liabilities: 510
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 510
Members' funds
Profit and loss account: 510
Total members' funds: 510

The notes form part of these financial statements

CRAFT CENTRAL CIC

Balance sheet statements

For the year ending 31 January 2023 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 10 August 2023
and signed on behalf of the board by:

Name: Ms Jo Anne Pudelko
Status: Director

The notes form part of these financial statements

CRAFT CENTRAL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 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

CRAFT CENTRAL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023
    Average number of employees during the period 3

CRAFT CENTRAL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Creditors: amounts falling due within one year note

2023
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 5,020
Total 5,020

COMMUNITY INTEREST ANNUAL REPORT

CRAFT CENTRAL CIC

Company Number: SC720549 (Scotland)

Year Ending: 31 January 2023

Company activities and impact

The workshop programme commenced in February 2022 and the gallery was launched May 2022. The retails space is open 6 days per week supported by in excess of 20 local craft makers , where new ventures have been introduced to the local community . To further achieve sustainability to the community and environment two successful re-use sales of recycling of unwanted tools and materials have been held , where the goods sold back at accessible prices.A successful grant application was supported an ongoing series of inclusion workshops, where partnered with Stirling Council and the Welcome Group for New Scots delivered tailored workshops for those who otherwise may find themselves excluded. There are 3 Directors and 3 members of staff who teach craft making and jewellery at the workshops, with the scope of employing more staff as the workshops develop. Seminars for craft and jewellery making have been run and held by self employed individual. Funding also covered training for 8 members of staff in Mental Health 1st aid. Further support from Stirling Council Get It Together Fund and Pay What You Can helped cover the costs of participation to activities to those who may financially struggle. These craft events provided warmth, community gatherings , friendships and education for the community. Craft courses such as jewellery making and art workshops introduced, and proven very successful through high attendance. Funding work is ongoing to improve accessibility to the entrance of the workshop, with the aim of further inclusion for those with mobility impairments. The workshops have encouraged, developed, taught new and existing skills to attendees leading to employment skills. The objective for the future is to continue to focus of inclusion and removal of barriers of participation , supporting craft leaning as an activity for the whole community regardless for status, health and ability.

Consultation with stakeholders

No consultation with stakeholders

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
10 August 2023

And signed on behalf of the board by:
Name: Ms Jo Anne Pudelko
Status: Director