THE RECOVERY COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
SC616983 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

THE RECOVERY COLLECTIVE 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

THE RECOVERY COLLECTIVE 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

Principal activities of the company

The Recovery Collective is a community interest company formed in November 2018 with the vi-sion to create a free recovery-focused music festival for people affected by addiction, mental health challenges, homelessness, and social isolation. We came together through our shared love of music and recovery, aiming to create an alcohol-free, safe environment that not only people in recovery could enjoy, but the whole community. We hosted our first event in May 2019 with great success, building strong partnerships with other CICs and recovery communities who believed in our work and were eager to support it. Our main partner for the event we put on, called Recovery Connects, was In-House CIC, who supported us with the venue, sound, and technical aspects. The Recovery Collective is comprised solely of our three directors, none of whom receive payment for the work we do within the organisation it is all on a voluntary basis. This ensures that all money received through sponsorships or grants is spent directly on delivering our projects, includ-ing purchasing or renting the equipment and services required. Our 2024 activities and achievements In 2024, we successfully returned to hosting our Recovery Connects event, which took place at Queens Park Arena on 30th June. The event was attended by over 2,500 people across the day, making it our largest and most impactful gathering to date. It provided a vital opportunity for people in recovery, their families, and the wider community to come together in a safe, supportive, alcohol-free environment to celebrate music and connection. This year, our funding came from The National Lottery and sponsorship by two local addiction charities: Abbeycare Scotland and With You. Towards the end of 2024, we also received grant funding from The Corra Foundation, specifically to support Recovery Connects 2025. This spend will be reflected in our accounts for 2025. Financial overview In 2024, The Recovery Collective received total income of approximately £37,300, primarily through grants and sponsorship. All expenditure was focused on delivering Recovery Connects and related community engagement, with no remuneration to directors. Our end-of-year balance stood at £19,411.76, which represents grant funding allocated to delivering Recovery Connects in 2025 and is therefore not taxable as surplus profit. Full accounts accompany this report, detailing our in-come, expenditure, and financial position. Looking ahead Our organisation continues to be led by three directors, all serving on a voluntary basis, ensuring that every pound of funding is directed to our community projects. Over the next year, we plan to grow our board and strengthen our governance, helping secure the long-term future of the organisa-tion. We also hope to expand beyond our annual Recovery Connects event by developing more lo-calised creative workshops that foster community resilience and connection. We remain mindful of rising costs and funding pressures facing small community organisations like ours. However, we are committed to adapting and finding new ways to continue offering free, re-covery-focused events and activities. Acknowledgements We would like to extend our sincere thanks to The National Lottery, Abbeycare Scotland, With You, and The Corra Foundation for their generous support. We also thank our many volunteers and community partners who helped make Recovery Connects 2024 a success. Derek Watt The Recovery Col



Directors

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

Derek Watt


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
22 September 2025

And signed on behalf of the board by:
Name: Derek Watt
Status: Director

THE RECOVERY COLLECTIVE CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 20,128 992
Cost of sales: ( 8,376 )
Gross profit(or loss): 11,752 992
Administrative expenses: ( 9,599 ) ( 400 )
Operating profit(or loss): 2,153 592
Profit(or loss) before tax: 2,153 592
Profit(or loss) for the financial year: 2,153 592

THE RECOVERY COLLECTIVE CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 19,412
Total current assets: 19,412
Creditors: amounts falling due within one year: 3 ( 17,908 ) ( 649 )
Net current assets (liabilities): 1,504 (649)
Total assets less current liabilities: 1,504 ( 649)
Creditors: amounts falling due after more than one year: 4 ( 1,382 ) ( 1,382 )
Total net assets (liabilities): 122 (2,031)
Members' funds
Profit and loss account: 122 ( 2,031)
Total members' funds: 122 (2,031)

The notes form part of these financial statements

THE RECOVERY COLLECTIVE 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 22 September 2025
and signed on behalf of the board by:

Name: Derek Watt
Status: Director

The notes form part of these financial statements

THE RECOVERY COLLECTIVE 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

THE RECOVERY COLLECTIVE 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

THE RECOVERY COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 100
Taxation and social security 21 21
Accruals and deferred income 17,787 628
Total 17,908 649

THE RECOVERY COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 1,382 1,382
Total 1,382 1,382

COMMUNITY INTEREST ANNUAL REPORT

THE RECOVERY COLLECTIVE CIC

Company Number: SC616983 (Scotland)

Year Ending: 31 December 2024

Company activities and impact

The Recovery Collective is a community interest company formed in November 2018 with the vision to create a free recovery-focused music festival for people affected by addiction, mental health challenges, homelessness, and social isolation. We came together through our shared love of music and recovery, aiming to create an alcohol-free, safe environment that not only people in recovery could enjoy, but the whole community. We hosted our first event in May 2019 with great success, building strong partnerships with other CICs and recovery communities who believed in our work and were eager to support it. Our main partner for the event we put on, called Recovery Connects, was In-House CIC, who supported us with the venue, sound, and technical aspects. The Recovery Collective is comprised solely of our three directors, none of whom receive payment for the work we do within the organisation it is all on a voluntary basis. This ensures that all money received through sponsorships or grants is spent directly on delivering our projects, including purchasing or renting the equipment and services required. Our 2024 activities and achievements In 2024, we successfully returned to hosting our Recovery Connects event, which took place at Queens Park Arena on 30th June. The event was attended by over 2,500 people across the day, making it our largest and most impactful gathering to date. It provided a vital opportunity for people in recovery, their families, and the wider community to come together in a safe, supportive, alcohol-free environment to celebrate music and connection. This year, our funding came from The National Lottery and sponsorship by two local addiction charities: Abbeycare Scotland and With You. Towards the end of 2024, we also received grant funding from The Corra Foundation, specifically to support Recovery Connects 2025. This spend will be reflected in our accounts for 2025. Financial overview In 2024, The Recovery Collective received total income of approximately £37,300, primarily through grants and sponsorship. All expenditure was focused on delivering Recovery Connects and related community engagement, with no remuneration to directors. Our end-of-year balance stood at £19,411.76, which represents grant funding allocated to delivering Recovery Connects in 2025 and is therefore not taxable as surplus profit. Full accounts accompany this report, detailing our in-come, expenditure, and financial position. Looking ahead Our organisation continues to be led by three directors, all serving on a voluntary basis, ensuring that every pound of funding is directed to our community projects. Over the next year, we plan to grow our board and strengthen our governance, helping secure the long-term future of the organisation. We also hope to expand beyond our annual Recovery Connects event by developing more localised creative workshops that foster community resilience and connection. We remain mindful of rising costs and funding pressures facing small community organisations like ours. However, we are committed to adapting and finding new ways to continue offering free, recovery-focused events and activities. Acknowledgements We would like to extend our sincere thanks to The National Lottery, Abbeycare Scotland, With You, and The Corra Foundation for their generous support. We also thank our many volunteers and community partners who helped make Recovery Connects 2024 a success. Derek Watt The Recovery Col

Consultation with stakeholders

No consultation with stakeholders

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
22 September 2025

And signed on behalf of the board by:
Name: DEREK WATT
Status: Director