THE CRAFTS WORKSHOP C.I.C.

Company limited by guarantee

Company Registration Number:
15004557 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 14 July 2023

End date: 31 July 2024

THE CRAFTS WORKSHOP C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE CRAFTS WORKSHOP C.I.C.

Balance sheet

As at 31 July 2024

Notes 13 months to 31 July 2024


£
Current assets
Cash at bank and in hand: 258
Total current assets: 258
Creditors: amounts falling due within one year: 3 ( 6,935 )
Net current assets (liabilities): (6,677)
Total assets less current liabilities: (6,677)
Total net assets (liabilities): (6,677)
Members' funds
Profit and loss account: (6,677)
Total members' funds: ( 6,677)

The notes form part of these financial statements

THE CRAFTS WORKSHOP C.I.C.

Balance sheet statements

For the year ending 31 July 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 5 March 2025
and signed on behalf of the board by:

Name: Louise Charlotte Farrer
Status: Director

The notes form part of these financial statements

THE CRAFTS WORKSHOP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 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 invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

THE CRAFTS WORKSHOP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    13 months to 31 July 2024
    Average number of employees during the period 0

THE CRAFTS WORKSHOP C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

13 months to 31 July 2024
£
Accruals and deferred income 600
Other creditors 6,335
Total 6,935

COMMUNITY INTEREST ANNUAL REPORT

THE CRAFTS WORKSHOP C.I.C.

Company Number: 15004557 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

During our first year, The Crafts Workshop’s main priority was setting up the workshop facility and business planning. We have been at full capacity with 7 artists in residence and using the facilities during the year. In October 2023 we hosted an Open day, where members of the public were invited to visit the workshop. We held blacksmithing demonstrations, and many of our residents were in attendance to speak about their work, this included textile workers and ceramicists. We also had Spyke O'Hanlen attend to promote his new book, and sold our members work. We also sold our members work at local arts and crafts markets. We also collaborated with Arts, Crafts and Laughter and Wellbeing Workshops Devon to deliver a project from May 2024 - September 2024, during this project we worked with people who had PTSD and provided various workshops designed to improve mental health. This included crafting workshops including blacksmithing, painting and journal making, and pschoeducational workshops which provided participants information on maintaining wellbeing

Consultation with stakeholders

The Crafts Workshop’s stakeholders is it’s membership. We held an AGM with our membership in December 2023, and a second member’s meeting in June 2024. We conducted a full health and safety review of the workshop space with our members in 2024 and within 2 months of the consultation applied a majority of the suggested improvements to the workshop to ensure that it is a safe environment to work in.

Directors' remuneration

Freelance payments for work done, or to reimburse expenses were made to directors. This totaled: £314.84.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
5 March 2025

And signed on behalf of the board by:
Name: Louise Charlotte Farrer
Status: Director