CALLUM & TREASURES CIC

Company Registration Number:
15131760 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 11 September 2023

End date: 30 September 2024

CALLUM & TREASURES CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

CALLUM & TREASURES CIC

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

Callum & Treasures CIC is a community interest company dedicated to supporting children and families through play-based learning, community engagement, and inclusive toy provision. Our principal activities include organising community toy events, operating a toy lending service, and providing educational resources aimed at fostering creativity, development, and family bonding. As a social enterprise, our primary focus is on reinvesting profits into initiatives that benefit the local community.

Political and charitable donations

During the financial year, the company made no political donations (2024: £nil) and did not participate in any political campaigning or activity. The company did, however, contribute to charitable activities aligned with its community objectives. This includes in-kind donations of toys and resources to local families and community centres. These donations are part of our commitment to social impact and supporting under-resourced communities.

Company policy on disabled employees

Although the company currently does not employ any individuals with disabilities, Callum & Treasures CIC is committed to equality and inclusivity in all areas of employment. Our policy is to: Provide equal opportunities for employment, training, and career development to individuals with disabilities. Ensure that reasonable adjustments are made to the workplace or duties to accommodate the needs of disabled employees. Foster an inclusive work environment where all employees feel valued and supported. Regularly review recruitment practices to remove potential barriers to applicants with disabilities. The company continues to promote awareness, accessibility, and inclusiveness in both its internal operations and external community activities.

Additional information

Directors’ Contributions: During the period, the directors made personal contributions totalling £2,557 towards the purchase of stock and business-related expenses. These contributions were made to support the early-stage operations of the company and are reflected under "Other Reserves" in the balance sheet. These were not loans and no repayment is expected.



Directors

The directors shown below have held office during the period of
11 September 2024 to 30 September 2024

Earl Wilson
Sophia Wilson


The director shown below has held office during the period of
8 March 2024 to 30 September 2024

Annabel Wade


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
23 May 2025

And signed on behalf of the board by:
Name: Sophia Wilson
Status: Director

CALLUM & TREASURES CIC

Profit And Loss Account

for the Period Ended 30 September 2024

13 months to 30 September 2024


£
Turnover: 146
Cost of sales: ( 73 )
Gross profit(or loss): 73
Distribution costs: ( 32 )
Administrative expenses: ( 506 )
Other operating income: 310
Operating profit(or loss): (155)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (155)
Tax: 0
Profit(or loss) for the financial year: (155)

CALLUM & TREASURES CIC

Balance sheet

As at 30 September 2024

Notes 13 months to 30 September 2024


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets: 3 40
Investments:   0
Total fixed assets: 40
Current assets
Stocks: 4 2,973
Debtors:   0
Cash at bank and in hand: 21
Investments:   0
Total current assets: 2,994
Prepayments and accrued income: 0
Net current assets (liabilities): 2,994
Total assets less current liabilities: 3,034
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 3,034
Capital and reserves
Called up share capital: 4
Share premium account: 0
Other reserves: 3,185
Profit and loss account: (155 )
Total Shareholders' funds: 3,034

The notes form part of these financial statements

CALLUM & TREASURES CIC

Balance sheet statements

For the year ending 30 September 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 23 May 2025
and signed on behalf of the board by:

Name: Sophia Wilson
Status: Director

The notes form part of these financial statements

CALLUM & TREASURES CIC

Notes to the Financial Statements

for the Period Ended 30 September 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

    1. Recognition of Turnover Turnover represents income earned from the sale of curated goods, including books, toys, and gifts, which are the primary activities of the CIC. Turnover is recognised when the significant risks and rewards of ownership of goods have passed to the customer, typically at the point of sale or delivery. 2. Turnover from Sale of Curated Items Income from the sale of curated items is recognised at the fair value of the consideration received or receivable, net of any discounts, returns, or allowances. Turnover is recorded when goods are delivered or collected by the customer, or when payment is received if earlier, provided the risks and rewards have transferred. 3. Returns and Allowances The CIC has not experienced significant returns in the current financial year. Where returns are made, estimated returns and allowances will be deducted from turnover to reflect net income realistically. 4. Gifts and Donations During the financial year, the CIC did not receive any grants, gifts, or donations. All trading activities have been self-funded, and income has been generated solely from the sale of curated goods. 5. Reinvestment of Turnover All turnover generated from sales is reinvested back into the CIC to support community-focused initiatives, including providing free books and toys. These reinvestments align with the CIC’s social objectives to benefit the local community. 6. Timing and Cut-Off Turnover is recognised in the accounting period in which the sale is completed. Sales occurring after the financial year-end are excluded from turnover for the period.

    Tangible fixed assets depreciation policy

    Depreciation The company’s policy is to depreciate tangible fixed assets on a straight-line basis over their expected useful lives. As at the balance sheet date, the company holds one mobile phone that is depreciable tangible fixed assets. Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on a straight-line basis over the expected useful lives of the assets, as follows: Mobile phone: 3 years

    Other accounting policies

    Other Accounting Policies Basis of Preparation The financial statements have been prepared in accordance with the provisions applicable to micro-entities under FRS 105 and the Companies Act 2006. The accounts are prepared on a going concern basis under the historical cost convention. Turnover Turnover comprises the fair value of the consideration received or receivable for goods and services supplied during the period, excluding value added tax. Income is recognised when the goods have been delivered or the services rendered. Tangible Fixed Assets Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on a straight-line basis over the expected useful lives of the assets, as follows: Mobile phone: 3 years Stock Stock is valued at the lower of cost and net realisable value. Cost includes all direct costs of purchase, including shipping and import duties where applicable. Other Operating Income Other operating income includes refunds and compensation payments received during the year, which are not considered part of regular turnover. Capital Contributions Capital introduced by directors that is not intended to be repaid is recorded as a capital reserve under equity. This includes contributions made directly to support operations or to purchase stock. Going Concern The directors consider the company to be a going concern and are confident that it has adequate resources to continue in operational existence for the foreseeable future. The directors have made this assessment based on current forecasts and cash flow expectations.

CALLUM & TREASURES CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

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

CALLUM & TREASURES CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 40 40
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 30 September 2024 40 40
Depreciation
Charge for year 0 0
On disposals 0 0
Other adjustments 0 0
At 30 September 2024 0 0
Net book value
At 30 September 2024 40 40

CALLUM & TREASURES CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Stocks

13 months to 30 September 2024
£
Stocks 2,973
Payments on account 0
Total 2,973

COMMUNITY INTEREST ANNUAL REPORT

CALLUM & TREASURES CIC

Company Number: 15131760 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

During the financial year, Callum & Treasures CIC focused on laying the foundations for future community impact by developing inclusive and affirming products for children and families. Although commercial operations began modestly, the company has benefited the community in the following ways. - invested in product development, branding, and planning, that helped the company promote representation, and literacy confidence among underrepresented children. - visited local primary schools, participated in reading sessions and delivered free children's books and inspirational talks to promote literacy to children. - Help run the Free Book Campaign Festival shop and donated books to 84 households as part of the Free Book Campaign for the under-represented community. - donated a variety of children books to libraries in disadvantaged areas to reduce literacy barriers for children who do not own books. -our project includes designing and sourcing inclusive toys and story-based gifts, which has formed part of outreach and donation programs in the communities. - our collaboration with Waterstones and World Book Day charity has raised the literacy engagement in the community. Initial community feedback has been positive, and our presence on social media platforms has already begun creating conversations around inclusive storytelling and intentional parenting tools and tips for closing the literacy gap. We anticipate wider engagement and measurable community impact in the next financial year through partnerships with schools, family centres, and local initiatives.

Consultation with stakeholders

As a new venture, initial feedback was gathered from parents and caregivers through informal discussions, test reads, and social media interaction. This feedback helped shape the tone and content of our first product and confirmed demand for more affirming, diverse children's items.

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
23 May 2025

And signed on behalf of the board by:
Name: Sophia Wilson
Status: Director