TAILORED YARN CIC

Company limited by guarantee

Company Registration Number:
12586110 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

TAILORED YARN CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

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

TAILORED YARN CIC

Directors' report period ended 31 May 2023

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

Principal activities of the company

Tailored Yarn Memories provides a bespoke service specialising in bereavement comfort for children by way of books, workshops and watercolours. The most creative, suitable and desirable way to help your child deal with their grief. We also help preserve family memoriesin a fictional literature legacy.Although I've never lost a parent myself I have in recent years lost two close friends. I have three children of my own who love reading and so I realised the value of a story which would preserve family memories which encouraging conversations around the person who has passed away.We want to make it easier for children to talk about bereavement and help to make them more resilient and better equipped to deal with life. Our books will bring comfort and healing by help them remember their loved one who has passed away and in doing so replace the guilt of forgetting with a stronger sense of identity.We believe that the power of stories can transform the lives of both the readers and the writers. Tailored Yarn Memories wants to work collaboratively with local authors to deliver creative writing and illustration workshops in schools, libraries and out in the community.



Directors

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

Gillian Seale
Lucy Powers
Juan Gavonel
Roop Simpson
Keith Smith


The director shown below has held office during the whole of the period from
1 June 2022 to 31 May 2023

Ekaterina Kruglova


The directors shown below have held office during the period of
1 June 2022 to 29 July 2022

Carl Thomas - Edwards
Kate Farnell
Yasmin Lord-Pottinger


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
2 February 2024

And signed on behalf of the board by:
Name: Gillian Seale
Status: Director

TAILORED YARN CIC

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 10,976 10,922
Cost of sales: ( 2,831 )
Gross profit(or loss): 8,145 10,922
Administrative expenses: ( 18,395 ) ( 10,922 )
Other operating income: 10,250
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

TAILORED YARN CIC

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Current assets
Stocks: 3 6,564 7,691
Debtors: 4 420 0
Cash at bank and in hand: 29,071 11,851
Total current assets: 36,055 19,542
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 36,055 ) ( 9,542 )
Net current assets (liabilities): 0 10,000
Total assets less current liabilities: 0 10,000
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 ( 10,000 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

TAILORED YARN CIC

Balance sheet statements

For the year ending 31 May 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 2 February 2024
and signed on behalf of the board by:

Name: Gillian Seale
Status: Director

The notes form part of these financial statements

TAILORED YARN CIC

Notes to the Financial Statements

for the Period Ended 31 May 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    Stock Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

TAILORED YARN CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

    CEO is paid as a contractor with invoices raised throughout the year as we are such a small company. They will become an employee when the company grows and more staff are recruited.

TAILORED YARN CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Stocks

2023 2022
£ £
Stocks 6,564 7,691
Total 6,564 7,691

TAILORED YARN CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

2023 2022
£ £
Trade debtors 420 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 420 0
Debtors due after more than one year: 0 0

Author school visit made in February 23. Council paid invoice after year end as it took time to set up on system.

TAILORED YARN CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 36,055 9,542
Total 36,055 9,542

COMMUNITY INTEREST ANNUAL REPORT

TAILORED YARN CIC

Company Number: 12586110 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

Legacy Painting Workshops(Funded by Cheshire Voluntary Artist Network and Council)At the start of the year Tailored Yarn Memories delivered their first set of legacy painting workshops in two Cheshire hospices which resulted in a small but well attended exhibition at Chester Cathedral. It was visited by local politician and counselor Louise Gittins.Training Hospice Staff to Deliver Legacy Painting Workshops(Funded by National Lottery)This year we trained up 75 individuals working in hospices up and down the uk to teach them how to deliver legacy painting workshops in their community. We are updating our website and hoping to expand into Therapeutic Journaling next year with new calligraphy workshops.Delivering Local Legacy Painting Workshops in Merseyside(Funded by Liverpool One)So far we have delivered legacy paintings at Clare House and The Hospice of the Good Shepherd. We have connections with other bereavement charities such as Child Bereavement UK, Widowed and Young, Love Jasmin and Wirral St Johns Hospice that we are currently exploring partnerships with.Confidence Building Superhero Storytelling Animation Videos (Funded by Blue Sky Foundation)This is a follow up SEN schools project using the confidence building superhero stories created in Comic Relief funded workshops last year and turning them into animation videos using the children's art work. We will be using a sign language makaton expert to help us create the videos and then sharing them with SEN schools across Merseyside.

Consultation with stakeholders

Our Board of Directors meet for times a year to discuss our vision, mission, projects, funding and volunteers. We also receive feedback from any workshops we do in the local community.

Directors' remuneration

The CEO works full time for the company and is paid for priest delivery out of the grants received. In this current year the amount as shown in the accounts was just under £10k.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
2 February 2024

And signed on behalf of the board by:
Name: Gillian Seale
Status: Director