HOT POETS CIC

Company limited by guarantee

Company Registration Number:
14165174 (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

HOT POETS 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

HOT POETS 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 activity of the company during the year under review was production and performance of creative arts.



Directors

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

L.V. Monks
C.D. Redmond


The directors shown below have held office during the period of
1 May 2024 to 30 June 2024

M. Helyar
M. Nachmany
S. Sloan


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
3 February 2025

And signed on behalf of the board by:
Name: C.D. Redmond
Status: Director

HOT POETS CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 13 months to 30 June 2023


£

£
Turnover: 70,826 24,529
Cost of sales: ( 47,801 ) ( 24,602 )
Gross profit(or loss): 23,025 (73)
Distribution costs: ( 10,487 ) ( 957 )
Administrative expenses: ( 83,679 ) ( 2,412 )
Other operating income: 72,327
Operating profit(or loss): 1,186 (3,442)
Profit(or loss) before tax: 1,186 (3,442)
Profit(or loss) for the financial year: 1,186 (3,442)

HOT POETS CIC

Balance sheet

As at 30 June 2024

Notes 2024 13 months to 30 June 2023


£

£
Current assets
Cash at bank and in hand: 11,363 2,037
Total current assets: 11,363 2,037
Creditors: amounts falling due within one year: 3 ( 13,619 ) ( 5,479 )
Net current assets (liabilities): (2,256) (3,442)
Total assets less current liabilities: (2,256) ( 3,442)
Total net assets (liabilities): (2,256) (3,442)
Members' funds
Profit and loss account: (2,256) ( 3,442)
Total members' funds: ( 2,256) (3,442)

The notes form part of these financial statements

HOT POETS 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 3 February 2025
and signed on behalf of the board by:

Name: C.D. Redmond
Status: Director

The notes form part of these financial statements

HOT POETS 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: - the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the economic benefits associated with the transaction will flow to the Company; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

    Other accounting policies

    Grants Grants are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

HOT POETS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 13 months to 30 June 2023
    Average number of employees during the period 2 2

HOT POETS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Creditors: amounts falling due within one year note

2024 13 months to 30 June 2023
£ £
Accruals and deferred income 8,619 479
Other creditors 5,000 5,000
Total 13,619 5,479

COMMUNITY INTEREST ANNUAL REPORT

HOT POETS CIC

Company Number: 14165174 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Hot Poets is an arts and environment company bringing poetry and science together to tell stories that matter and inspire climate action that works. We create arts and science collaborations and partnerships with artists, climate change organisations, institutions, and places of education. We design and deliver education and participation programmes. In the year 2023-2024 we were funded largely by Arts Council England and The Gaia Foundation. We produced an online creative public participation programme, resulting in four new films, promoted online. We also commissioned four artists to work with several international organisations to create films about climate and environment friendly practices. We also worked in partnership with ten regenerative farmers around the UK, commissioning ten poets to create work about farmers. We contributed to performances and workshops in arts and community spaces. We also undertook some paid commissions and facilitation processes with charities and private companies. The work benefits a lot of communities. 10 x communities around each farm in Devon, Somerset, Birmingham, London, Cumbria, Wales, Edinburgh, N.Ireland, Northumberland and Shropshire. Communities came together to learn about the farmers and their methods. The activities generated awareness of the work they are doing and in some cases generated more business - for example a farm in Somerset with a bakers attached, were able to open their doors to more customers. A small community farm in Tottenham were able to use our film to help raise awareness of their project, bringing in more support. We also worked with the international environmental community, working hard to establish more sustainable practises in business, architecture, science, and regenerative practices. We support the work being done, champion individuals and groups within organisations and their wider communities, so their work can flourish and grow.

Consultation with stakeholders

The company’s stakeholders could be described as the partner organisations that we work with. These change on a yearly basis. We engage regularly with all people and organisations that we work with, asking for feedback and evaluation about the processes that we engage in with them. We take notice of positive and negative feedback and shape new programmes in accordance with this. We aim to shape programmes in responses to interest and demand from stakeholders. Our directors consult regular with our board of non-executive directors to assess operations and receive guidance and input on how to grow the organisation sustainably.

Directors' remuneration

The two directors received a total of £70,370 remuneration between them.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: C. Redmond
Status: Director