STORYCOMMONS CIC

Company limited by guarantee

Company Registration Number:
14827110 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 25 April 2023

End date: 30 April 2024

STORYCOMMONS 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

STORYCOMMONS 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 year under review was Cultural Education.



Directors

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

S.J. Chittenden
S.E. Gibson
F. Hemmings
G. Raje
J.M. Z. Gilar


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
9 January 2025

And signed on behalf of the board by:
Name: J.M. Z. Gilar
Status: Director

STORYCOMMONS CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024


£
Turnover: 1,960
Cost of sales: ( 1,200 )
Gross profit(or loss): 760
Administrative expenses: ( 580 )
Operating profit(or loss): 180
Profit(or loss) before tax: 180
Tax: ( 34 )
Profit(or loss) for the financial year: 146

STORYCOMMONS CIC

Balance sheet

As at 30 April 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 660
Total current assets: 660
Creditors: amounts falling due within one year: 3 ( 514 )
Net current assets (liabilities): 146
Total assets less current liabilities: 146
Total net assets (liabilities): 146
Members' funds
Profit and loss account: 146
Total members' funds: 146

The notes form part of these financial statements

STORYCOMMONS 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 9 January 2025
and signed on behalf of the board by:

Name: J.M. Z. Gilar
Status: Director

The notes form part of these financial statements

STORYCOMMONS 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.

STORYCOMMONS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

STORYCOMMONS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

2024
£
Taxation and social security 34
Accruals and deferred income 480
Total 514

COMMUNITY INTEREST ANNUAL REPORT

STORYCOMMONS CIC

Company Number: 14827110 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

StoryCommons CIC is dedicated to providing safe space for community storytelling. We run storytelling sessions for adults and young people, using traditional wonder tales and folkloric practices as a forum for learning and creativity, and to deepen conversation around climate, community, identity and relatedness. In the financial year 2023 – 2024, the company’s activities have benefited the community in the following ways: - Holding and hosting community conversations around the potential impact storytelling can have on environmental engagement in the local area. - Offering a low-cost online storytelling course for 7 local and national storytellers, with the aim of providing an affordable space for storytellers and creatives to gather together, support each other, explore the potential of environmental storytelling and develop a collective performance to be shared with the wider community. - Producing an open, public, unticketed online performance, Bodies of Wonder, for an audience of 35 which offered collective storytelling inspired by land, sea and sky, and safe space for discussion of connection with nature and natural imagination. - Offering free eco-storytelling sessions at local schools (Ditchling St Margaret’s) and the local transition network Greener Hassocks and Ditchling. - Building cross-cultural conversation around storytelling by collectively developing a panel paper around our Rewilding Cinderella project for a conference hosted in Potsdam by the European Forum for the Study of Religion and the Environment.

Consultation with stakeholders

The company’s stakeholders are storytellers involved in our creative community, which runs via performance groups, as well as adults and children in the South East of England, and, more widely, in the UK, who engage with our in-person and online offerings. In the financial year 23 – 24, the directors of StoryCommons met every six weeks to discuss the progress of our activities. We also held 2 longer strategy meetings, to hone our business planning and overall company vision and intentions. Consistent conversation is fundamental to building and developing our performance groups. We meet online regularly to discuss intention, strategy and needs of performers, and consult with all involved when larger decisions need to be taken. We have a newsletter which goes out to our wider audience to keep them updated on our activities, and actively respond to any questions, comments or desires to be further involved in the projects. We are also in regular discussion with leaders and facilitators of our local community, including teachers and environmental leaders and activists, to explore where storytelling can have most impact.

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
9 January 2025

And signed on behalf of the board by:
Name: J.M.Z. Gilar
Status: Director