for the Period Ended 31 December 2024
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 2024 | 11 months to 31 December 2023 | |
|---|---|---|
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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(
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| Gross profit(or loss): |
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| Administrative expenses: |
(
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(
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| Operating profit(or loss): |
( |
( |
| Profit(or loss) before tax: |
( |
( |
| Profit(or loss) for the financial year: |
( |
( |
As at
| Notes | 2024 | 11 months to 31 December 2023 | |
|---|---|---|---|
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£ |
£ |
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| Fixed assets | |||
| Intangible assets: | 3 |
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| Tangible assets: | 4 |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: | 5 |
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| Debtors: | 6 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 7 |
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(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: | 8 |
(
|
(
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| Total net assets (liabilities): |
( |
( |
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| Members' funds | |||
| Profit and loss account: |
( |
( |
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| Total members' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2024
Basis of measurement and preparation
for the Period Ended 31 December 2024
| 2024 | 11 months to 31 December 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 December 2024
| Goodwill | Other | Total | |
|---|---|---|---|
| Cost | £ | £ | £ |
| At 1 January 2024 |
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| Additions | |||
| Disposals | |||
| Revaluations | |||
| Transfers | |||
| At 31 December 2024 |
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| Amortisation | |||
| At 1 January 2024 |
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| Charge for year | |||
| On disposals | |||
| Other adjustments | |||
| At 31 December 2024 |
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| Net book value | |||
| At 31 December 2024 |
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| At 31 December 2023 |
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for the Period Ended 31 December 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
|---|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ | £ |
| At 1 January 2024 |
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| Additions | ||||||
| Disposals | ||||||
| Revaluations | ||||||
| Transfers | ||||||
| At 31 December 2024 |
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| Depreciation | ||||||
| At 1 January 2024 |
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| Charge for year | ||||||
| On disposals | ||||||
| Other adjustments | ||||||
| At 31 December 2024 |
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| Net book value | ||||||
| At 31 December 2024 |
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| At 31 December 2023 |
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for the Period Ended 31 December 2024
| 2024 | 11 months to 31 December 2023 | |
|---|---|---|
| £ | £ | |
| Stocks |
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| Total |
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for the Period Ended 31 December 2024
| 2024 | 11 months to 31 December 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors |
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| Other debtors |
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| Total |
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for the Period Ended 31 December 2024
| 2024 | 11 months to 31 December 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Total |
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for the Period Ended 31 December 2024
| 2024 | 11 months to 31 December 2023 | |
|---|---|---|
| £ | £ | |
| Other creditors |
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| Total |
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The company runs Orkney Creative Hub (OCH) which is based on two sites with Kirkwall, Orkney; No 25 is an arts and crafts retail shop with space for daily workshops and at Ortak there is space for specialist workshops. During the financial year 2023-20224, OCH activities have benefited the community in the following ways: - local members of the community, together with visitors, can buy their arts and crafts materials on site without waiting on lengthy and often costly delivery services. - the daily workshops run across both sites offer all members of the community a chance to develop their creative wellbeing, enhance their skills and join in with the artistic community. Over 1200 places were filled at these workshops in the year. - the shop has provided part-time employment for 7 local artists to support their income - over 30 local artists are supported by offering their goods for sale in the shop. This not only increases their income but also their profile within the local community and to visitors. - 7 local artists are able to use the studio spaces available across both sites, to develop their product range, and have a base for visitors to see their skills in action. - the Dye studio, Print studio and Framing Studio, which are run by OCH, all offer the local community more specialist products and the opportunity to explore these activities.
The company’s stakeholders are residents of and visitors to Orkney, the local artists and the wider community within the local Third Sector and local charities. The directors and staff of the company have lived in Orkney for a number of years and respond to the requests of the community, the customers and the workshop attendees, for the stock ranges to be carried and the content of workshops that they would like to see on offer. The staff, as active stakeholders, are continually developing their skills with new techniques and product to enhance their own development and offer a wider creative experience for the community members and visitors.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
5 September 2025
And signed on behalf of the board by:
Name: Jan Swain
Status: Director