for the Period Ended 31 January 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 January 2024
Directors
The directors shown below have held office during the whole of the period from
1 February 2023
to
31 January 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Operating profit(or loss): |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Stocks: | 4 |
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Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 January 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 January 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 January 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 February 2023 |
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Additions |
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Disposals | ||||||
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Transfers | ||||||
At 31 January 2024 |
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Depreciation | ||||||
At 1 February 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 January 2024 |
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Net book value | ||||||
At 31 January 2024 |
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At 31 January 2023 |
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for the Period Ended 31 January 2024
2024 | 2023 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 31 January 2024
2024 | 2023 | |
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£ | £ | |
Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 31 January 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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The Crafty Makery CIC is a Not-for-Profit Community Hub which has continued to expand its services during this financial year. With the resignation of the executive director and on-boarding four new directors, the first six months were spent getting everyone up to speed on all the progress this business has made overall. As the business gets more popular and its services recommended by word of mouth, our community is still providing us with a wealth of non-monetary donations. We recycle these donations into a range of everyday household products e.g. Cushions/covers, tote bags, aprons, etc. Through these donations we have made links with a local primary school and a Women’s refuge to pass on some of the donations we are unable to use. With the Cost of Living Crisis our Alterations service has been very popular within the Fareham community and continues to grow. Our group of vulnerable and elderly residents are still meeting up in the shop and continue to support each other, together with new people who are referred to us. Which they love doing as their contribution to our community. Fareham Borough Council still continue to support us financially but also keep us notified of events they are running in and around the borough so we can organise activities to raise awareness and advertise our name in the community. Thumbs-up day went ahead with children’s activities based around card, paper and pens to keep them amused between events. Christmas light Switch-on – unfortunately the weather was very wet in the morning so we displayed our xmas kits and decorations from within the shop. Ceramic painting is a very popular craft for all ages and provides an escape for many of our customers, who often comment on how relaxing and rewarding it is. This activity definitely improves our customers well-being which they keep telling us, pure escapism. T-shirt and bag printing has increased over the year and it has become very popular with all ages, with older children and adults often designing their own artwork. Our 1:1 lessons continue to be popular, mainly crochet, knitting and getting to know your sewing machine. We are looking at designing projects for children to complete in 1 session during our school holiday activities. Poppy Appeal – In 2023 we had donations from our community of knitted and crocheted poppies and turned them into wreaths which were very popular and we raised £200 for the Royal British Legion. We also raised £50 to go towards the maintenance of a local defibrillator in a nearby independent living facility. We raised money for the business through an Easter lucky dip which was supported by our customers and it was an enjoyable event. Through Home Instead and the Gift for Xmas scheme we helped wrap about 200 donated gifts for the elderly around the borough. We teamed up with Zurich Pensioners Association to wrap 130+ boxes of mint chocolates to be distributed to their over 80s. With the help of local shops, businesses and individual donations we ran an excellent Xmas tombola. This raised £150 to start up the outreach programme to visit local facilities to enable those who can’t travel to also enjoy crafting. We applied and were awarded £200 from our local councillor so we could trial gift vouchers to be given out by our local CAB to children from less fortunate families so they could come in and enjoy the well-being that crafting can create. This is ongoing into next financial year. In this financial year we celebrated our 3rd Birthday with a party and a visit from mayor to cut the cake. So we could celebrate as many customers as possible we extended the event over the week! Kingsgate School– An Independent Family Run Special Needs School, accepts children/teenagers, with an EHCP, from local families, foster families, and Children’s homes. We still continue our relationship with this school with supervised projects which last for 5-6 weeks with about 4 students and support staff. Jubilee School – this school still offers our crafting facility as a weekly reward to those who deserve it. We also have a group on a half termly rotation that are trialling planned project based activities for students on personalised timetables. Hopefully this will continue now Shane is on the staff at this school. School Holiday Activities – our amazing volunteers continue to design and organise a whole range of low cost crafting activities for every school holiday this year. Over the year we have made links to several Assisted Living and Care Home facilities. We have several people who come in independently to use our facilities others attend with carers to help them enjoy the activities. This, hopefully, will continue long term as several new people have started using the shop. We have continued to pay a small stipend to our shop director, with 3 directors still volunteering in the shop with 19 other volunteers, each working between 7 and 24 hours a week. As we have developed and most of our volunteers are on a fixed income of some description we are now able to pay travel expenses, either bus fares or parking costs. Fareham Borough Council purchased the shopping centre towards the end of 2023 and out of the blue we received an email from one of the letting agents to see if we would be interested in a larger unit, what a Christmas present. Through the shopping centre management myself and the other directors went to look at about 7 units within the centre and the final paperwork was going through at the end of our financial year.
Our stakeholders are the service users and some of these are people who work in local businesses. We were approached by several businesses to see if they could paint ceramics for their Xmas parties. Also we were asked if painting ceramics could be used for a team building exercise for a new team which had been set up within a large business. Each company who participated felt the event was successful especially when organising team building as it was a non threatening environment and was off site.
The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £4,000 in the form of stipend payment. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 January 2025
And signed on behalf of the board by:
Name: L Ralls
Status: Director