CREATFUL CIC

Company limited by guarantee

Company Registration Number:
13685313 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

CREATFUL CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

CREATFUL CIC

Directors' report period ended 31 October 2023

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

Directors

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

Nancy Fellows
Elodi Fellows


The director shown below has held office during the period of
23 May 2023 to 31 October 2023

Lara Kynvin


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
19 July 2024

And signed on behalf of the board by:
Name: Nancy Fellows
Status: Director

CREATFUL CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 25,770 14,442
Cost of sales: ( 8,286 ) ( 3,409 )
Gross profit(or loss): 17,484 11,033
Distribution costs: ( 376 ) ( 1,201 )
Administrative expenses: ( 16,816 ) ( 12,111 )
Other operating income: 2 0
Operating profit(or loss): 294 (2,279)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 294 (2,279)
Tax: 0 0
Profit(or loss) for the financial year: 294 (2,279)

CREATFUL CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 448 0
Investments:   0 0
Total fixed assets: 448 0
Current assets
Stocks: 4 0 1,597
Debtors: 5 1,211 725
Cash at bank and in hand: 8,072 1,171
Investments:   0 0
Total current assets: 9,283 3,493
Prepayments and accrued income: 329 94
Creditors: amounts falling due within one year: 6 ( 11,395 ) ( 5,816 )
Net current assets (liabilities): (1,783) (2,229)
Total assets less current liabilities: (1,335) ( 2,229)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 650 ) ( 50 )
Total net assets (liabilities): (1,985) (2,279)
Members' funds
Profit and loss account: (1,985) ( 2,279)
Total members' funds: ( 1,985) (2,279)

The notes form part of these financial statements

CREATFUL CIC

Balance sheet statements

For the year ending 31 October 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 19 July 2024
and signed on behalf of the board by:

Name: Nancy Fellows
Status: Director

The notes form part of these financial statements

CREATFUL CIC

Notes to the Financial Statements

for the Period Ended 31 October 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. Turnover is reducedfor estimated customer returns, rebates and other similar allowances.Revenue from the sale of goods is recognised when all the following conditions are satisfied: the Company has transferred to the buyer the significant risks and rewards of ownership of thegoods; the Company retains neither continuing managerial involvement to the degree usually associatedwith ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the Company;and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

CREATFUL CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

CREATFUL CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 0 0
Additions 490 490
Disposals 0 0
Revaluations
Transfers
At 31 October 2023 490 490
Depreciation
At 1 November 2022 0 0
Charge for year 42 42
On disposals
Other adjustments
At 31 October 2023 42 42
Net book value
At 31 October 2023 448 448
At 31 October 2022 0 0

CREATFUL CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Stocks

2023 2022
£ £
Stocks 0 1,597
Payments on account 0 0
Total 0 1,597

CREATFUL CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors

2023 2022
£ £
Trade debtors 1,211 725
Total 1,211 725

CREATFUL CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 366 0
Taxation and social security 64 64
Other creditors 10,965 5,752
Total 11,395 5,816

COMMUNITY INTEREST ANNUAL REPORT

CREATFUL CIC

Company Number: 13685313 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

In their second year Creatful have delivered 143 events across 19 different venues in HampshireCreatful had a total of 1782 people attend the above events These attendees have been across all ages, abilities and sexes. Creatful recruited and managed 11 volunteers who delivered 464 volunteer hours.Creatful has local corporate partnerships with; Havant and South Downs College, Moneyfield FC Women, The Springwood Centre, Denmead community cafe, Motiv8 Havant, The Southern Music Project and Wellington Vale Care Home.On top of generating income through sales Creatful has received support from Energise me, Havant Borough Community Lottery. The National Lottery, Portsmouth Guildhall Hornpipe fund and Havant borough council. All attendees asked in our second year rated their overall experience as 9 or 10 out of 10All attendees asked said they would recommend to friends and family96% of attendees said they would come to a Creatful event againCreatful has regularly implemented its quality improvement plan to ensure feedback received allows us to improve continuouslyCreatful was named as Community Business of the Year in the Biz Bubble awardsCreatful has featured in local publications, radio and podcasts regularly across this yearCreatful has launched its Ukrainian arts programme supporting our local Ukrainian guestsCreatful has become a reputable community company in its local network. Creatful are well regarded and sought after to attend local events and be a part of community celebrations and support

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
19 July 2024

And signed on behalf of the board by:
Name: Nancy Fellows
Status: Director