STELLAR CREATES CIC

Company limited by guarantee

Company Registration Number:
14870477 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 15 May 2023

End date: 31 May 2024

STELLAR CREATES CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

STELLAR CREATES CIC

Balance sheet

As at 31 May 2024

Notes 13 months to 31 May 2024


£
Fixed assets
Tangible assets: 3 104
Total fixed assets: 104
Current assets
Cash at bank and in hand: 31,602
Total current assets: 31,602
Creditors: amounts falling due within one year: 4 ( 29,770 )
Net current assets (liabilities): 1,832
Total assets less current liabilities: 1,936
Total net assets (liabilities): 1,936
Members' funds
Profit and loss account: 1,936
Total members' funds: 1,936

The notes form part of these financial statements

STELLAR CREATES CIC

Balance sheet statements

For the year ending 31 May 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 June 2024
and signed on behalf of the board by:

Name: Rachel Willis
Status: Director

The notes form part of these financial statements

STELLAR CREATES CIC

Notes to the Financial Statements

for the Period Ended 31 May 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction or over their estimated useful lives, as follows: Office Equipment 25% reducing balance

    Other accounting policies

    Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

STELLAR CREATES CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    13 months to 31 May 2024
    Average number of employees during the period 4

STELLAR CREATES CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 139 139
Disposals
Revaluations
Transfers
At 31 May 2024 139 139
Depreciation
Charge for year 35 35
On disposals
Other adjustments
At 31 May 2024 35 35
Net book value
At 31 May 2024 104 104

STELLAR CREATES CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

13 months to 31 May 2024
£
Taxation and social security 9,363
Accruals and deferred income 3,372
Other creditors 17,035
Total 29,770

COMMUNITY INTEREST ANNUAL REPORT

STELLAR CREATES CIC

Company Number: 14870477 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

In 2024, Stellar Creates took a strategic year off from hosting its flagship festival, Nightfall, following its success in 2023. This pause allowed for much-needed research and development to thoughtfully plan for the future of Nightfall, ensuring it remains one of the headline cultural events in the region. Preparations for Nightfall 2025 are already well underway, with exciting plans to deliver another unforgettable event. Despite taking a year off from Nightfall, Stellar Creates maintained its commitment to delivering transformative cultural experiences that benefit the community. Early in 2024, we delivered Valley of Light in Saltburn, a collaborative celebration of local landmarks and culture. Featuring a mesmerising lantern village designed by local community groups, the event also offered interactive experiences, including shadow storytelling, singing, and live performances. This initiative was created in collaboration with residents of Redcar & Cleveland, commissioned by Borderlands, and funded by Arts Council England’s Creative People and Places program. Stellar Creates organised a series of vibrant spring and summer events at West Park in Darlington aimed at reintroducing community gatherings following the disruptions caused by COVID-19. These events were thoughtfully designed to foster a sense of connection, encourage local residents to engage with one another, and promote West Park as a destination for community activities. The events also provided opportunities for families to connect, celebrate the season, and build lasting memories in a welcoming atmosphere. In summer 2024, we presented Happy Rooms in Middlesbrough, a temporary attraction that brought joy, creativity, and play to over 15,000 visitors. This vibrant family attraction transformed a vacant retail unit into a playground for all ages, featuring 12 artist-designed rooms filled with surprises, from confetti fanfares to a giant marble run. Visitors danced under a glowing mirrorball and engaged in a world of endless imagination. Our continued involvement in the Tees Valley Festival Volunteering project enabled local volunteers to access free training and support, contributing to the development of valuable skills and fostering community engagement across the region. As active members of the Light Up the North network, we co-commissioned Happy as the Day is Long, a dazzling 1.5-meter mirrorball constructed from brightly coloured mirrored pieces. This dynamic artwork brought geometric rainbow patterns to life, captivating audiences and reinforcing our dedication to innovation in public art. We carried out audience surveys across all activities delivered throughout the year, reaching an audience of 45,000 people, with 85% coming from the Tees Valley. Notably, 39% of our audience identified as deaf, disabled, or neurodivergent, demonstrating our commitment to accessibility and inclusivity. In 2024 we worked with over 50 schools and community groups and engaged more than 40 artists, further reinforcing our focus on collaboration and creative opportunities Stellar Creates remains focused on bringing colour and light to people’s lives, transforming spaces, and offering vibrant cultural experiences. By engaging with communities, supporting artistic collaboration, and creating joyful events, we continue to make a lasting impact on the cultural landscape of the region.

Consultation with stakeholders

The company’s stakeholders include Middlesbrough Council, Borderlands CPP, Redcar & Cleveland Borough Council, and Arts Council England, as well as our audiences and the local communities we serve. We carried out audience surveys across all activities delivered throughout the year. Feedback collected from these surveys was shared with our stakeholders, partners, and commissioners to inform future planning and ensure our activities continue to meet community needs and expectations. This approach enables us to strengthen collaborations and align our projects with the aspirations of the communities and organisations we work with. By sharing insights from these consultations, we continue to strengthen partnerships and shape future projects that benefit both the community and the region.

Directors' remuneration

No remuneration was received by Directors other than that stated in the accounts

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
11 December 2024

And signed on behalf of the board by:
Name: Rachel Willis
Status: Director