STITCH DEPARTMENT CIC

Company limited by guarantee

Company Registration Number:
13775636 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

STITCH DEPARTMENT CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

STITCH DEPARTMENT CIC

Directors' report period ended 31 December 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Amber Jane Rose
Sharon George
Elizabeth Jane Cooke


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
12 April 2025

And signed on behalf of the board by:
Name: Amber Jane Rose
Status: Director

STITCH DEPARTMENT CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 8,299 4,537
Cost of sales: ( 10,193 ) ( 22,878 )
Gross profit(or loss): (1,894) (18,341)
Administrative expenses: ( 680 ) ( 3,398 )
Other operating income: 2,400 21,600
Operating profit(or loss): (174) (139)
Profit(or loss) before tax: (174) (139)
Profit(or loss) for the financial year: (174) (139)

STITCH DEPARTMENT CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 137 561
Total current assets: 137 561
Creditors: amounts falling due within one year: 3 ( 450 ) ( 700 )
Net current assets (liabilities): (313) (139)
Total assets less current liabilities: (313) ( 139)
Total net assets (liabilities): (313) (139)
Members' funds
Profit and loss account: (313) ( 139)
Total members' funds: ( 313) (139)

The notes form part of these financial statements

STITCH DEPARTMENT CIC

Balance sheet statements

For the year ending 31 December 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 12 April 2025
and signed on behalf of the board by:

Name: Amber Jane Rose
Status: Director

The notes form part of these financial statements

STITCH DEPARTMENT CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

STITCH DEPARTMENT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

STITCH DEPARTMENT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 450 700
Total 450 700

COMMUNITY INTEREST ANNUAL REPORT

STITCH DEPARTMENT CIC

Company Number: 13775636 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

We have provided a wide range of sewing, craft and community workshops, teaching lots of different skills. We have collaborated with Department Ryde and Shademakers UK as part of their heritage project to provide 20 free workshops teaching heritage crafts and skills to the community. From these workshops we have completed a final piece that will be exhibited in the Department building in 2025. We have prepared for moving into Department, a new community arts space on the Isle of Wight. We have collaborated with several other community organisations and artists such as IW Story Festival, Brave Island, Sue Field, Roake Studio, Shademakers, Horsebox Theatre Company and Wight Apothecary. We have provided free sewing workshops for children and young people. We provided 5 workshops in the kidzone at the Isle of Wight Festival. We have run workshops to spread awareness of sustainability and upcycling.

Consultation with stakeholders

We have had regular consultation and collaboration with Shademakers, Horsebox Theatre Company, Ryde Arts, Department Ryde, Mend Assembly, Fieldwork, Ryde Town Council and Isle of Wight Festival.

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
30 April 2025

And signed on behalf of the board by:
Name: Amber Rose
Status: Director