OXFORD FLASH FICTION PRIZE CIC

Company limited by guarantee

Company Registration Number:
13172035 (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

OXFORD FLASH FICTION PRIZE CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

OXFORD FLASH FICTION PRIZE CIC

Balance sheet

As at 31 May 2024

Notes 2024 15 months to 31 May 2023


£

£
Creditors: amounts falling due within one year: 3 ( 3,012 ) ( 2,629 )
Net current assets (liabilities): (3,012) (2,629)
Total assets less current liabilities: (3,012) ( 2,629)
Total net assets (liabilities): (3,012) (2,629)
Members' funds
Profit and loss account: (3,012) ( 2,629)
Total members' funds: ( 3,012) (2,629)

The notes form part of these financial statements

OXFORD FLASH FICTION PRIZE 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 24 February 2025
and signed on behalf of the board by:

Name: Freya Joanna Morris
Status: Director

The notes form part of these financial statements

OXFORD FLASH FICTION PRIZE 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

OXFORD FLASH FICTION PRIZE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 15 months to 31 May 2023
    Average number of employees during the period 0 0

OXFORD FLASH FICTION PRIZE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due within one year note

2024 15 months to 31 May 2023
£ £
Other creditors 3,012 2,629
Total 3,012 2,629

COMMUNITY INTEREST ANNUAL REPORT

OXFORD FLASH FICTION PRIZE CIC

Company Number: 13172035 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The Oxford Flash Fiction Prize CIC is an international competition founded in Oxford in 2021, dedicated to discovering and celebrating great flash fiction from around the world. Its mission is to inspire and develop writing talent by providing motivation, opportunities for all, and international recognition, with a strong commitment to tackling social inequalities and barriers in the literary world. Activities During the Financial Year: Collaborated/ partnership with the University of Oxford Bodleian Libraries “Gifts and Books” exhibition. Engaged three distinct community groups, including a book group, MIND (mental health support), and staff creative writing sessions, fostering a supportive and empowering writing environment. Participants received a free anthology, notebook, workbook, and competition entry, ensuring continued creative engagement. Competitions and Recognition: Hosted two international flash fiction competitions that attracted 1,037 entries in the summer competition (in partnership with the Bodleian Libraries) and 800 in the winter competition, with a significant number of participants from the UK, USA, and Europe. Notably, 45 percent of entrants had never been published before, demonstrating the competition’s role in encouraging new voices. Introduced a New Voice Prize (£400 prize money) to specifically recognize emerging talent. Community Support and Accessibility: Provided sponsored places for writers facing financial or social barriers, ensuring equal opportunity for participation regardless of circumstances. Over 100 free entries were awarded, and notably some of these made it to the longlist, including one of the winners, highlighting the effectiveness of this initiative in discovering diverse voices. Publications and Anthology Launch: Launched two anthologies to celebrate and showcase the winning entries, providing international exposure to new literary talent. Hosted a successful anthology launch event, enhancing community engagement and promoting literary culture. Professional Development and Fair Judging: Employed readers from diverse backgrounds to ensure fair and inclusive judging. Implemented a transparent scoring system with data normalization to maintain scoring consistency and fairness. Community Impact: The Oxford Flash Fiction Prize CIC significantly contributed to community development by: Elevating underrepresented voices and supporting emerging writers, with nearly half of the participants being unpublished writers. Reducing social barriers through sponsored places and free entries, enabling participation from marginalized communities. Encouraging mental well-being and creative expression, particularly through workshops with MIND, which promoted confidence and emotional resilience through writing.Strengthening community bonds and cultural appreciation by organising public events and creating opportunities for literary engagement. Conclusion: The Oxford Flash Fiction Prize CIC continues to make a positive impact by nurturing literary talent, promoting inclusivity, and supporting community well-being through creative expression. Its commitment to accessibility, fair judging, and international recognition makes it a valuable contributor to the cultural landscape.

Consultation with stakeholders

An end of year report was drafted for the Advisory Board, who all met and consulted. This included the Director, Freya Morris, and looked at development of the Prize going forward. As a result, the Prize agreed to partner again with the Bodleian Libraries for 2024.

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
24 February 2025

And signed on behalf of the board by:
Name: Freya Joanna Morris
Status: Director