IMAGINARIUM CREATIONS CIC

Company limited by guarantee

Company Registration Number:
14782563 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 5 April 2023

End date: 30 April 2024

IMAGINARIUM CREATIONS CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

IMAGINARIUM CREATIONS CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The principal activity of the company during the period under review was book publishing and cultural education.



Directors

The directors shown below have held office during the whole of the period from
5 April 2023 to 30 April 2024

A. Orlovska
I. Rocane
J. Wilson


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
29 October 2024

And signed on behalf of the board by:
Name: J. Wilson
Status: Director

IMAGINARIUM CREATIONS CIC

Profit And Loss Account

for the Period Ended 30 April 2024

13 months to 30 April 2024


£
Turnover: 2,608
Cost of sales: ( 2,230 )
Gross profit(or loss): 378
Distribution costs: ( 488 )
Administrative expenses: ( 420 )
Operating profit(or loss): (530)
Profit(or loss) before tax: (530)
Profit(or loss) for the financial year: (530)

IMAGINARIUM CREATIONS CIC

Balance sheet

As at 30 April 2024

Notes 13 months to 30 April 2024


£
Current assets
Cash at bank and in hand: 4,702
Total current assets: 4,702
Creditors: amounts falling due within one year: 3 ( 5,232 )
Net current assets (liabilities): (530)
Total assets less current liabilities: (530)
Total net assets (liabilities): (530)
Members' funds
Profit and loss account: (530)
Total members' funds: ( 530)

The notes form part of these financial statements

IMAGINARIUM CREATIONS CIC

Balance sheet statements

For the year ending 30 April 2024 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 29 October 2024
and signed on behalf of the board by:

Name: J. Wilson
Status: Director

The notes form part of these financial statements

IMAGINARIUM CREATIONS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 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 reduced for 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 the goods; the Company retains neither continuing managerial involvement to the degree usually associated with 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.

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. Trade and other creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

IMAGINARIUM CREATIONS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    13 months to 30 April 2024
    Average number of employees during the period 0

IMAGINARIUM CREATIONS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

13 months to 30 April 2024
£
Accruals and deferred income 5,232
Total 5,232

COMMUNITY INTEREST ANNUAL REPORT

IMAGINARIUM CREATIONS CIC

Company Number: 14782563 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Established in April 2023, Imaginarium Creations CIC has been actively working in the communities of Braunstone Town and Oadby, reaching nearly 100 people. Our mission focuses on engaging with children, young people, their families, and members of the public from some of the most deprived areas across the East Midlands. We provide activities in and around libraries and community spaces where positive change is most needed. We have undertaken community outreach projects near libraries and secured funding from Sports England to deliver the Pulse Path project from September 2024 to August 2025. This project is designed to increase physical activity and foster community cohesion by collaborating with local stakeholders. Our goal is to offer accessible, inclusive, and enjoyable physical activities tailored to the needs of underrepresented community members. The initiative aims to close the gap in physical activity provision and address long-standing inequalities in sport and community health. Additionally, we have started engaging with vulnerable community members to provide support in enriching and transforming outdoor spaces. We are also exploring and developing avenues to bring our first book festival to life in 2025, aligning with our mission to promote literacy and a love for reading among children and families. Our Projects. Braunstone Town Library Back-to-School event: An event to encourage children to engage with reading as they return to school. Monthly craft workshops: Hosted at Braunstone Town Library to engage participants in reading through creative activities. Utilising Libraries as warm spaces during cold months. Weekly "Word Warriors" Debating and Book Club: A program for children with low school attendance to foster a love for reading and improve literacy skills. Marketing Support for Community Projects: We have provided marketing services for initiatives such as We Are Here, Art at St. Matthews, Blossom & Buzz, and the Sisterhood and Brotherhood projects for other organisations. This has served as an income generation scheme whilst we are still shaping plans for publishing books and utilising this as a means of generating income. Through these activities, Imaginarium Creations CIC has positively impacted the community by promoting literacy, enhancing physical well-being, and fostering social inclusion. By focusing on underserved areas, we aim to bring about meaningful change and improve the quality of life for community members across the East Midlands.

Consultation with stakeholders

Imaginarium Creations CIC considers a diverse group of individuals and organisations as its stakeholders, primarily those living and working within the local communities of the Midlands region. Our stakeholders include. Children and families. The primary beneficiaries of our literacy programs and events. Local authors and illustrators. Collaborators who contribute their expertise to our workshops and festivals. Educators and schools. Partners in delivering educational programs and book donation initiatives. Libraries and community centres. Venues and coorganizers for our storytelling sessions and literacy support programs. Local businesses. Supporters and collaborators that help in organising events, boosting both literacy and the local economy. Volunteers. Individuals who engage with our mentorship programs and contribute their time to our initiatives. Consultation with stakeholders Prior to applying for funding or launching new projects, we actively consult with our stakeholders to ensure that our initiatives effectively address community needs. This consultation process involves. Community engagement. Holding meetings with community members, parents, and educators to gather input on the types of programs that would most benefit local children and families. Feedback from professionals. Seeking advice and suggestions from local practitioners, tailor our workshops and events. Coordination with local councillors and libraries. Working closely with local government representatives and library staff allows us to align our projects with regional development goals and available resources. Based on the insights and feedback received from our consultations, we have. Customized programs. Developed targeted workshops, reading clubs, and storytelling sessions that cater to the diverse cultural backgrounds and languages within our communities. Expanded volunteer roles. Created new opportunities for community members to engage with our organisation, including roles in workshop and event support, looking after outdoor spaces around libraries. Ongoing social change projects. Planned to continue and expand projects that have been positively received, ensuring they have a lasting impact over the coming years. Volunteer engagement This year, we have collaborated with three dedicated volunteers who have significantly contributed to our mission. Their roles have included. Assisting in the planning and execution of literacy workshops and reading clubs. Helping to promote our events within local communities. Offering insights from a volunteer perspective, which has helped us improve our programs. By continuously engaging with our stakeholders, Imaginarium Creations CIC ensures that our services remain relevant, effective, and aligned with the needs and aspirations of the communities we serve

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
29 October 2024

And signed on behalf of the board by:
Name: J. Wilson
Status: Director