THE RECLAIM COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
14462308 (England and Wales)

Unaudited statutory accounts for the year ended 1 December 2023

Period of accounts

Start date: 4 November 2022

End date: 1 December 2023

THE RECLAIM COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 1 December 2023

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

THE RECLAIM COLLECTIVE CIC

Directors' report period ended 1 December 2023

The directors present their report with the financial statements of the company for the period ended 1 December 2023

Principal activities of the company

Principle activity during this financial year was leading workshops and creating community poetry anthology for self-publication.



Directors

The director shown below has held office during the whole of the period from
4 November 2022 to 1 December 2023

Nosakhare Charles-Novia


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
3 August 2024

And signed on behalf of the board by:
Name: Nosakhare Charles-Novia
Status: Director

THE RECLAIM COLLECTIVE CIC

Profit And Loss Account

for the Period Ended 1 December 2023

13 months to 1 December 2023


£
Turnover: 662
Cost of sales: ( 160 )
Gross profit(or loss): 502
Distribution costs: 0
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 502
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 502
Profit(or loss) for the financial year: 502

THE RECLAIM COLLECTIVE CIC

Balance sheet

As at 1 December 2023

Notes 13 months to 1 December 2023


£
Fixed assets
Intangible assets: 3 440
Tangible assets:   0
Investments:   0
Total fixed assets: 440
Current assets
Stocks:   0
Debtors: 4 1,361
Cash at bank and in hand: 502
Investments:   0
Total current assets: 1,863
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 1,863
Total assets less current liabilities: 2,303
Accruals and deferred income: 0
Total net assets (liabilities): 2,303
Members' funds
Profit and loss account: 2,303
Total members' funds: 2,303

The notes form part of these financial statements

THE RECLAIM COLLECTIVE CIC

Balance sheet statements

For the year ending 1 December 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 3 February 2024
and signed on behalf of the board by:

Name: Nosakhare Charles-Novia
Status: Director

The notes form part of these financial statements

THE RECLAIM COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 1 December 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

THE RECLAIM COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 1 December 2023

  • 2. Employees

    13 months to 1 December 2023
    Average number of employees during the period 0

THE RECLAIM COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 1 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 440 440
Disposals
Revaluations
Transfers
At 1 December 2023 440 440
Amortisation
Charge for year
On disposals
Other adjustments
At 1 December 2023
Net book value
At 1 December 2023 440 440

Trademark for the Reclaim collective is a fixed, intangible asset

THE RECLAIM COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 1 December 2023

4. Debtors

13 months to 1 December 2023
£
Other debtors 1,361
Total 1,361

THE RECLAIM COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 1 December 2023

5. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Interest free loan, lent due to emergency housing issue.
£
Balance at
Advances or credits made: 1,361
Advances or credits repaid: 100
Balance at 1 December 2023 1,261

COMMUNITY INTEREST ANNUAL REPORT

THE RECLAIM COLLECTIVE CIC

Company Number: 14462308 (England and Wales)

Year Ending: 1 December 2023

Company activities and impact

The Reclaim Collective exists to creatively enrich communities, primary through creative writing enrichment. During the 2022-2023 financial year, the Reclaim Collective has offered various poetry workshops, both virtual and in person for free to members on the community, inviting working poets and writers to lead lectures on how to better your writing, in service of those interested in engaging with the writing community as a career or simply for leisure. We have had many achievements over the past year but two underpin our work. The first is being invited to the Black British Book Festival in Southbank Centre in October to share the work of our first poetry anthology which was a collation of poetry from university students in Warwick on the black experience. Sharing the process and inception of that novel at this event was a great opportunity which allowed us to meet and answer questions of many black writers interested in enhancing their writing or entering the self-publishing world. The second achievement was the launch and publication of our second anthology which compiled the experience of various young people on the theme of growing and becoming. Both writers of the anthology and attendees were enriched by the chance to hear spoken poetry and creatively network.

Consultation with stakeholders

The company’s stakeholders are the people of the local community of the Coventry area, where we started, and those that engage with our content and attend out events, an intimate and primarily virtual community. Annual self-publication was integral to our operation as a community interest company as it gives poets a tangible book of their work they can leverage and we wanted to hold another self-publication for the 2024 year. However, following feedback from stakeholders, it was clear the desire was for more virtual and in person events, similar to our launch events which offer the chance of creative enrichment. In response to this, we cancelled the upcoming 2024 anthology and directed our efforts towards planning more events that would creatively enrich our community, which has been met with positive response from 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
3 August 2024

And signed on behalf of the board by:
Name: Nosakhare Charles-Novia
Status: Director