THE CURIOUS NETWORK CIC

Company limited by guarantee

Company Registration Number:
12060041 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

THE CURIOUS NETWORK CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

THE CURIOUS NETWORK CIC

Directors' report period ended 30 June 2024

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

Principal activities of the company

The principal activities of the company are improv entertainment.



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

James Lloyd
Richard Minkley


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
22 January 2025

And signed on behalf of the board by:
Name: James Lloyd
Status: Director

THE CURIOUS NETWORK CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 13,202 15,785
Cost of sales: ( 18,237 ) ( 6,387 )
Gross profit(or loss): (5,035) 9,398
Administrative expenses: ( 680 ) ( 1,954 )
Operating profit(or loss): (5,715) 7,444
Profit(or loss) before tax: (5,715) 7,444
Tax: ( 1,294 )
Profit(or loss) for the financial year: (5,715) 6,150

THE CURIOUS NETWORK CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 250 250
Cash at bank and in hand: 1,336 8,445
Total current assets: 1,586 8,695
Creditors: amounts falling due within one year: 4 ( 1,394 )
Net current assets (liabilities): 1,586 7,301
Total assets less current liabilities: 1,586 7,301
Creditors: amounts falling due after more than one year: 5 ( 476 ) ( 476 )
Total net assets (liabilities): 1,110 6,825
Members' funds
Profit and loss account: 1,110 6,825
Total members' funds: 1,110 6,825

The notes form part of these financial statements

THE CURIOUS NETWORK CIC

Balance sheet statements

For the year ending 30 June 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 22 January 2025
and signed on behalf of the board by:

Name: James Lloyd
Status: Director

The notes form part of these financial statements

THE CURIOUS NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

THE CURIOUS NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THE CURIOUS NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Debtors

2024 2023
£ £
Trade debtors 250 250
Total 250 250

THE CURIOUS NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

  2023
  £
Taxation and social security 1,394
Total   1,394

THE CURIOUS NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 476 476
Total 476 476

COMMUNITY INTEREST ANNUAL REPORT

THE CURIOUS NETWORK CIC

Company Number: 12060041 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

This year saw the second annual Robin Hood International Improv Festival take place. The companies activities have increasingly been centred around this as it is a project founded by the Curious Network which seems to have captured the imagination of the local and international improv community. For a second year in a row, the festival saw over 100 improvisers come from all over the world to perform. Countries including USA, Canada, The Netherlands, France, Germany and Sweden. The festival ran over four days at Nonsuch Studios in Nottingham City Centre. The company obtained a donation from a benefactor to help cover some of the staffing costs, although there were a few exceptional costs due to a family emergency encountered by one of our guest teachers, which meant we went over budget this year, compared to the surplus in our previous year. The festival was once again hugely popular with a number of sell-out shows, world class teachers and a mix of local, national and international performers. Following the festival, we started work on the 2024 festival. In December 2023, Nonsuch Studios (our festival venue for the first two years) ceased trading as a venue and we went on the hunt for a new space. In February 2024 we visited Squire Performing Arts Centre in the Arboretum area of Nottingham and made arrangements for them to be our new festival venue. In April and May 2024 we then put out open calls for teachers and performers to apply to be at that year’s festival, with some giving donations to help fund the forthcoming festival. We also took the decision to make the festival a five day feast of improv, rather than the previous four days. The Curious Network was founded to help projects like the Robin Hood International Improv Festival set-up and grow. We are now at the stage where all of the CIC’s time has been consumed by the festival’s activities, and there is an ongoing conversation about how we structure the CIC going forward.

Consultation with stakeholders

The company’s stakeholders are the participants in the festival. For a second year in a row we undertook a participants survey. We had 23 responses, of those 57% were improvisers from outside of the East Midlands and 43% were local. 78% of respondants took part in workshops. 91% of respondents watched shows. 96% of respondents performed in shows. Overall 82% of people rated the festival ‘very good’, 14% good, 4% ‘poor’ and 0% ‘very poor’. We also received recommendations for how the festival could improve and teachers people would like to see the following year, and all practical suggestions were considered with several teachers on the recommended list ending in the schedule for the 2024 festival.

Directors' remuneration

One of the directors received a one-off lump sum £750 for their festival duties which came from the money donated specifically for paying festival staff.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 January 2025

And signed on behalf of the board by:
Name: James Lloyd
Status: Director