CREATING CRAFTS AND BLOOMS CIC

Company limited by guarantee

Company Registration Number:
14005119 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

CREATING CRAFTS AND BLOOMS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

CREATING CRAFTS AND BLOOMS CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

As part of our ongoing community engagement, I have been actively involved in teaching crochet to individuals of various skill levels. This initiative is aimed at providing participants with a valuable, creative skill that can be used for personal enjoyment, practical applications, or as a means of social connection. These crochet sessions are designed to be inclusive, fostering a supportive environment where participants can learn at their own pace while also gaining the benefits of self-expression and mental well-being. One of the primary projects we’ve undertaken is the creation of crocheted blankets, (project: Giving the Gift of Warmth) which are made and donated to vulnerable individuals within our community. These blankets provide warmth, comfort, and a tangible symbol of care for those who may be facing difficult circumstances, such as homelessness, illness, or isolation. The project has been warmly received, and we continue to work towards expanding our outreach to ensure that more individuals can benefit from this initiative. The company has actively participated in various fundraising efforts aimed at raising essential funds for organisations that support our cause and others in the community. Whether through charity events, auctions, or collaborations with local businesses, the goal has been to raise awareness and financial support for initiatives that provide much-needed services to individuals in need. Our fundraising activities not only help sustain our own projects but also contribute to a broader network of local organisations working toward positive change.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Kathryn Gadd


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 December 2024

And signed on behalf of the board by:
Name: Kathryn Gadd
Status: Director

CREATING CRAFTS AND BLOOMS CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 383 734
Cost of sales: ( 110 ) ( 81 )
Gross profit(or loss): 273 653
Distribution costs: ( 801 ) ( 198 )
Administrative expenses: ( 1,298 ) ( 968 )
Other operating income: 2,236 1,224
Operating profit(or loss): 410 711
Profit(or loss) before tax: 410 711
Profit(or loss) for the financial year: 410 711

CREATING CRAFTS AND BLOOMS CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0
Tangible assets:   0 0
Total fixed assets: 0 0
Current assets
Debtors:   0 0
Cash at bank and in hand: 1,245 811
Total current assets: 1,245 811
Creditors: amounts falling due within one year: 3 ( 134 ) ( 100 )
Net current assets (liabilities): 1,111 711
Total assets less current liabilities: 1,111 711
Total net assets (liabilities): 1,111 711
Members' funds
Profit and loss account: 1,111 711
Total members' funds: 1,111 711

The notes form part of these financial statements

CREATING CRAFTS AND BLOOMS CIC

Balance sheet statements

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

Name: Kathryn Gadd
Status: Director

The notes form part of these financial statements

CREATING CRAFTS AND BLOOMS CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

CREATING CRAFTS AND BLOOMS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

CREATING CRAFTS AND BLOOMS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 134 100
Total 134 100

COMMUNITY INTEREST ANNUAL REPORT

CREATING CRAFTS AND BLOOMS CIC

Company Number: 14005119 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Now in its second year, the company has made significant progress in connecting crafting communities across Hampshire. We have secured physical spaces where crafters can meet, share skills, and enjoy social interaction, promoting mental well-being. In a few areas, we were able to secure venues free of charge, which has been invaluable. With the growing interest in our project, we are actively seeking more free spaces, as the cost of venue hire remains a major challenge and is not sustainable long-term. A key initiative, the ‘Giving the Gift of Warmth’ project, has had a tangible impact on our communities. Thanks to the hard work of our crafters, many blankets were created and donated to vulnerable individuals at risk from the cold due to the cost-of-living crisis, disability, or age. These donations reflect the generosity of our members, and the positive effect crafting has on both creators and recipients. To expand our reach and financial sustainability, we attended Craft Fairs to promote the company and raise funds. These events have been essential in enabling participation, particularly for those who might face financial barriers. This year, we also supported the creation of a Crocheted Coral Reef in collaboration with a local college. This large-scale art installation brought together many of our crafters, allowing them to explore new techniques and showcase their talents. The project not only provided a creative outlet but also served as a valuable promotional opportunity for the company. The public display of the finished installation helped raise awareness of our mission and introduced the company to a wider audience. In conclusion, we are pleased with our progress in the second year and remain focused on providing opportunities for crafters, supporting those in need, and building a sustainable future for the company and the communities we serve.

Consultation with stakeholders

The Company’s stakeholders include volunteers, donors, fundraisers, and supporters through funding applications. Volunteers: These individuals generously give their time and materials to create community items for others. They are central to our work, helping us improve lives and strengthen local communities. Donors and Funding Supporters: This group includes those who make financial donations or provide funding through formal applications. Their support helps us sustain and expand our projects, reaching more people in need. Fundraisers: A 50K Walking Challenge raised funds for our Giving the Gift of Warmth project. The campaign was highly successful, covering essential costs like venue hire, travel expenses, and materials for our community initiatives. We keep stakeholders informed through a quarterly newsletter and regular social media updates. Those who wish to stay informed can remain on our mailing list or follow us online. We encourage stakeholders to identify individuals or groups in need of the items we create, ensuring that they reach those who benefit most. The company and its stakeholders ask for nothing in return for donated items; all efforts focus on giving and supporting others. For funding stakeholders, we provide periodic reports detailing how funds have been used, ensuring transparency and accountability. In summary, the company values communication and collaboration with all its stakeholders and remains committed to fostering positive relationships with volunteers, donors, and funding supporters.

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
31 December 2024

And signed on behalf of the board by:
Name: Kathryn Gadd
Status: Director