CRAFTING4GOOD CIC

Company limited by guarantee

Company Registration Number:
10690435 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

CRAFTING4GOOD CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

CRAFTING4GOOD CIC

Directors' report period ended 31 March 2023

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

Principal activities of the company

The principal activity of the company in the year under review was that of Crafting4Good CIC aims to promote creativity as a route to better mental health and wellbeing, in an eco-conscious way. This is primarily achievedthrough donated art and craft supplies from individuals and companies - which may have otherwise gone to waste -alongside complementary bought-in goods. We collaborate with other third sector organisations andany surplus is given to community groups and organisations to support their own creative activities or used for workshops and creative sessions. Volunteer and student work experience opportunities are also available.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Adele Sweeney
Amanda Williams


The director shown below has held office during the period of
1 April 2022 to 25 November 2022

Ana Ramos


The director shown below has held office during the period of
1 November 2022 to 31 March 2023

Julie Baker


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
31 January 2024

And signed on behalf of the board by:
Name: Adele Sweeney
Status: Director

CRAFTING4GOOD CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 75,534 48,678
Gross profit(or loss): 75,534 48,678
Administrative expenses: ( 63,779 ) ( 52,853 )
Operating profit(or loss): 11,755 (4,175)
Profit(or loss) before tax: 11,755 (4,175)
Tax: ( 2,233 ) 784
Profit(or loss) for the financial year: 9,522 (3,391)

CRAFTING4GOOD CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 116 0
Total fixed assets: 116 0
Current assets
Debtors: 4 1,839 4,561
Cash at bank and in hand: 22,003 6,332
Total current assets: 23,842 10,893
Creditors: amounts falling due within one year: 5 ( 8,962 ) ( 4,758 )
Net current assets (liabilities): 14,880 6,135
Total assets less current liabilities: 14,996 6,135
Creditors: amounts falling due after more than one year: 6 ( 2,349 ) ( 3,032 )
Provision for liabilities: ( 22 ) 0
Total net assets (liabilities): 12,625 3,103
Members' funds
Profit and loss account: 12,625 3,103
Total members' funds: 12,625 3,103

The notes form part of these financial statements

CRAFTING4GOOD CIC

Balance sheet statements

For the year ending 31 March 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 31 January 2024
and signed on behalf of the board by:

Name: Adele Sweeney
Status: Director

The notes form part of these financial statements

CRAFTING4GOOD CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Computer equipment - 33% on cost

    Other accounting policies

    TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.Current or deferred taxation assets and liabilities are not discounted.Current tax is recognised at the amount of tax payable using the tax rates and laws that have beenenacted or substantively enacted by the balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measuredusing tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CRAFTING4GOOD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 6

CRAFTING4GOOD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 0 0
Additions 174 174
Disposals
Revaluations
Transfers
At 31 March 2023 174 174
Depreciation
At 1 April 2022 0 0
Charge for year 58 58
On disposals
Other adjustments
At 31 March 2023 58 58
Net book value
At 31 March 2023 116 116
At 31 March 2022 0 0

CRAFTING4GOOD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 762 3,467
Other debtors 1,077 1,094
Total 1,839 4,561

CRAFTING4GOOD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 62 388
Taxation and social security 2,211 0
Accruals and deferred income 5,189 3,770
Other creditors 1,500 600
Total 8,962 4,758

CRAFTING4GOOD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 2,349 3,032
Total 2,349 3,032

COMMUNITY INTEREST ANNUAL REPORT

CRAFTING4GOOD CIC

Company Number: 10690435 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Crafting4Good CIC's focus this year was on Covid recovery: we used grant funding to openup our retail shop to full-time hours, 6 days a week so we could see the effect on sales andservice delivery. It worked very well and we had our most successful year ever. Moreopening hours meant more sales and income but importantly, more time to have volunteersin, more sorting of donations rather than going into storage and therefore more communitystock could be distributed for free to groups. Our impact encompassed variousdemographic groups benefiting from our aim of promoting creative mental health and wellbeing.We were able to give bulk supplies of creative materials and support to over 800underprivileged children, families and youth, adults with learning disabilities, bereaved,elderly, sanctuary seekers, home educators, economically inactive, suicide prevention andstudents/artists. We were able to support 15 volunteers and 2 work experience studentswho were placed with us for the full year. We could not have done the majority of this withoutthe funding, and we were able to build up a reserve and big plans for the following year.

Consultation with stakeholders

Our stakeholders include community groups and organisations who offer creative sessions orwho support people with mental health issues who might benefit from creativity - we liaisewith them to see what they or service users need in terms of creative supplies and as a resulthave a number of new partnerships to work on.Our commercial and individual donors are also stakeholders, keen to know how they weresupporting others and enjoy seeing what we were doing with donations on social media. Weask individuals to let us know whether we can sell items, or if they prefer we just passed on,and if they have any particular beneficiaries in mind.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £11,636.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
31 January 2024

And signed on behalf of the board by:
Name: Adele Sweeney
Status: Director