SMALL THINGS CREATIVE PROJECTS C.I.C.

Company limited by guarantee

Company Registration Number:
08071087 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

SMALL THINGS CREATIVE PROJECTS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

SMALL THINGS CREATIVE PROJECTS C.I.C.

Directors' report period ended 31 May 2024

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

Principal activities of the company

We are a social enterprise using creativity and creative engagement to fuel learning, change and development. We do this by developing projects that create space for thinking and togetherness in a wide range of settings.



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Elizabeth Postlethwaite
Stephen Sorrell
Clare Stuart
Jennifer Willows


The director shown below has held office during the period of
1 June 2023 to 13 January 2024

Rachel Yates


The directors shown below have held office during the period of
3 February 2024 to 31 May 2024

Rhian Davies
Elizabeth Wewiora


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
13 February 2025

And signed on behalf of the board by:
Name: Elizabeth Postlethwaite
Status: Director

SMALL THINGS CREATIVE PROJECTS C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 23,667 18,576
Cost of sales: ( 21,943 ) ( 37,173 )
Gross profit(or loss): 1,724 (18,597)
Administrative expenses: ( 4,546 ) ( 3,621 )
Other operating income: 2,807 22,218
Operating profit(or loss): (15) 0
Profit(or loss) before tax: (15) 0
Profit(or loss) for the financial year: (15) 0

SMALL THINGS CREATIVE PROJECTS C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 4,235 1,884
Cash at bank and in hand: 18,856 16,792
Total current assets: 23,091 18,676
Creditors: amounts falling due within one year: 4 ( 23,106 ) ( 18,676 )
Net current assets (liabilities): (15) 0
Total assets less current liabilities: (15) 0
Total net assets (liabilities): (15) 0
Members' funds
Profit and loss account: (15) 0
Total members' funds: ( 15) 0

The notes form part of these financial statements

SMALL THINGS CREATIVE PROJECTS C.I.C.

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.

This report was approved by the board of directors on 13 February 2025
and signed on behalf of the board by:

Name: Elizabeth Postlethwaite
Status: Director

The notes form part of these financial statements

SMALL THINGS CREATIVE PROJECTS C.I.C.

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Valuation information and policy

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

    Other accounting policies

    Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

SMALL THINGS CREATIVE PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SMALL THINGS CREATIVE PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

2024 2023
£ £
Trade debtors 4,235 1,884
Total 4,235 1,884

SMALL THINGS CREATIVE PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 23,106 15,869
Accruals and deferred income 0 2,807
Total 23,106 18,676

COMMUNITY INTEREST ANNUAL REPORT

SMALL THINGS CREATIVE PROJECTS C.I.C.

Company Number: 08071087 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

During this financial year the focus of our work was developing regenerative creative practice with and for artists, creatives and the cultural sector. The highlight of activity and impact was: - Delivery of a range of introduction to permaculture courses for artists and creatives, and also of the UK’s first full Permaculture Design Course for Artists and Creatives. - Publication of a zine exploring permaculture, art and imagination. - Completion of a grant funded project exploring possible approaches and responses to the climate crisis within our local community in Bury, Greater Manchester. - Continued work as a tutor in the Diploma in Applied Permaculture Design. - A range of commissioned training and consultancy work focused upon art, imagination and permaculture. - Continued delivery of our online community for artists and creatives exploring regenerative creative practices - Creative Roots

Consultation with stakeholders

We continue to work closely with our partners and participants to grow and develop our work. In fact our work is emergent in response to the wider community / ecosystem that we are part of exploring the convergence of creative practice and regenerative design practice. We are also actively involved in the permaculture community through participation in the work or our advocacy agency The Permaculture Association.

Directors' remuneration

Elizabeth Postlethwaite is a director of the company, and is also paid by the company on a freelance basis for running projects. Amounts paid to Liz in the year: 2024 £11,446, 2023 £11,015

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
13 February 2025

And signed on behalf of the board by:
Name: Elizabeth Postlethwaite
Status: Director