CREATIVE MINDS ARTS AND CRAFTS C.I.C.

Company Registration Number:
14990539 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 10 July 2023

End date: 31 July 2024

CREATIVE MINDS ARTS AND CRAFTS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

CREATIVE MINDS ARTS AND CRAFTS C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2024

13 months to 31 July 2024


£
Turnover: 27,188
Cost of sales: ( 5,248 )
Gross profit(or loss): 21,940
Distribution costs: 0
Administrative expenses: ( 76,642 )
Other operating income: 0
Operating profit(or loss): (54,702)
Interest receivable and similar income: 2
Interest payable and similar charges: ( 121 )
Profit(or loss) before tax: (54,821)
Tax: 0
Profit(or loss) for the financial year: (54,821)

CREATIVE MINDS ARTS AND CRAFTS C.I.C.

Balance sheet

As at 31 July 2024

Notes 13 months to 31 July 2024


£
Called up share capital not paid: 1
Fixed assets
Intangible assets:   0
Tangible assets: 3 10,384
Investments:   0
Total fixed assets: 10,384
Current assets
Stocks: 4 783
Debtors: 5 360
Cash at bank and in hand: 398
Investments:   0
Total current assets: 1,541
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 6 ( 7,448 )
Net current assets (liabilities): (5,907)
Total assets less current liabilities: 4,478
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 4,478
Capital and reserves
Called up share capital: 1
Share premium account: 1
Other reserves: 0
Profit and loss account: 4,476
Total Shareholders' funds: 4,478

The notes form part of these financial statements

CREATIVE MINDS ARTS AND CRAFTS 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.

This report was approved by the board of directors on 15 April 2025
and signed on behalf of the board by:

Name: Samson Soyebi
Status: Director

The notes form part of these financial statements

CREATIVE MINDS ARTS AND CRAFTS 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

CREATIVE MINDS ARTS AND CRAFTS 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 4

CREATIVE MINDS ARTS AND CRAFTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 7,940 2,444 10,384
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 July 2024 0 0 7,940 2,444 0 10,384
Depreciation
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 July 2024 0 0 0 0 0 0
Net book value
At 31 July 2024 0 0 7,940 2,444 0 10,384

CREATIVE MINDS ARTS AND CRAFTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Stocks

13 months to 31 July 2024
£
Stocks 783
Payments on account 0
Total 783

CREATIVE MINDS ARTS AND CRAFTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors

13 months to 31 July 2024
£
Trade debtors 360
Prepayments and accrued income 0
Other debtors 0
Total 360
Debtors due after more than one year: 0

CREATIVE MINDS ARTS AND CRAFTS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

13 months to 31 July 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 1,898
Taxation and social security 5,550
Accruals and deferred income 0
Other creditors 0
Total 7,448

COMMUNITY INTEREST ANNUAL REPORT

CREATIVE MINDS ARTS AND CRAFTS C.I.C.

Company Number: 14990539 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

During the financial year, the company provided a safe, inclusive space where individuals could engage in therapeutic arts activities. These sessions supported mental health and emotional wellbeing by offering a creative outlet for self-expression, reducing isolation, and fostering a sense of community. We adapted a model that encourages all participants in a playful, accepting, curious and empathetic way. Although the company operated at a loss and on limited resources, we remained committed to delivering free or low-cost access to the space and materials. The feedback from participants highlighted the value of having a welcoming, non-judgmental environment that prioritised mental wellness through art. As the company prepares to close, we are proud of the positive impact made and the support we provided to individuals during a challenging time.

Consultation with stakeholders

Our stakeholders include participants, local schools (mainstream and alternative), care providers, health centres, and community partners such as 11th Hour Escape. These groups are directly affected by and involved in the services Creative Minds Arts & Crafts CIC provided. We consulted our stakeholders in several ways throughout the year, including: Review cards completed by participants after sessions Video testimonials from service users and partners Ongoing conversations with teachers, carers, and health professionals to gather feedback on impact and needs This feedback consistently highlighted the value of our services in improving mental well-being, offering inclusive creative spaces, and building confidence. In response, we tailored activities to suit specific groups (e.g. sensory-friendly sessions or themed workshops) and worked more closely with schools and care providers to align our programmes with the needs of their service users.

Directors' remuneration

The total remuneration paid to directors during the financial year was £37,983.35. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
15 April 2025

And signed on behalf of the board by:
Name: Samson Soyebi
Status: Director