THE SOMA COLLECTIVE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
NI667237 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 1 February 2024

End date: 31 January 2025

THE SOMA COLLECTIVE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 January 2025

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

THE SOMA COLLECTIVE COMMUNITY INTEREST COMPANY

Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Principal activities of the company

We were delighted to put on The Soma Festival in the summer of 2024 for another outstanding weekend of cultural expression and artistic celebration. Thanks to all our volunteers, funders, sponsors, artists/performers and customers. Putting on an arts festival such as Soma is a huge voluntary effort carrying significant financial risk which we do not take lightly. It is very challenging to make surpluses to allow for investment in future events and whilst we are now engaged in planning for 2026, our long-term sustainability cannot be taken for granted.



Directors

The directors shown below have held office during the whole of the period from
1 February 2024 to 31 January 2025

Lorna Campbell
Tracy McCoey
Stiofan O Nuallain
Christina O'Donnell
Anita Grant
Nigel McKinney


The director shown below has held office during the period of
1 February 2024 to 5 February 2024

Jill Truesdale


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
4 February 2025

And signed on behalf of the board by:
Name: Stiofan O Nuallain
Status: Director

THE SOMA COLLECTIVE COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 January 2025

2025 2024


£

£
Turnover: 33,448 42,909
Gross profit(or loss): 33,448 42,909
Operating profit(or loss): 33,448 42,909
Profit(or loss) before tax: 33,448 42,909
Profit(or loss) for the financial year: 33,448 42,909

THE SOMA COLLECTIVE COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 January 2025

Notes 2025 2024


£

£
Current assets
Cash at bank and in hand: 5 197
Total current assets: 5 197
Net current assets (liabilities): 5 197
Total assets less current liabilities: 5 197
Total net assets (liabilities): 5 197
Members' funds
Profit and loss account: 5 197
Total members' funds: 5 197

The notes form part of these financial statements

THE SOMA COLLECTIVE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 January 2025 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 30 October 2025
and signed on behalf of the board by:

Name: Lorna Campbell
Status: Director

The notes form part of these financial statements

THE SOMA COLLECTIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 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 SOMA COLLECTIVE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

THE SOMA COLLECTIVE COMMUNITY INTEREST COMPANY

Company Number: NI667237 (Northern Ireland)

Year Ending: 31 January 2025

Company activities and impact

In July 2024 we held our annual flagship event, The Soma Festival, in Castlewellan Co. Down. As well as concerts featuring a wide range of amazing musicians and genres, we held our Mind, Body & Soul wellbeing events in The Lodge Business & Cultural Centre. We also put on many free events for the local community and tourists alike to enjoy, e.g. entertainment in the Upper Square ('Soma in the Square') which this year included children's arts activities, a petting zoo, and live music. During the festival we collaborated with other organisations based in the area (including Glor Uachtar Tire and Dolmens Climate Action Network) to widen the impact of the festival and to further strengthen our ties to the community. We also staged a fairy gathering/ceremony performed by local artists and musicians to which the public were invited and encouraged to dress up and participate in. The event, titled 'Ancient Whispers: Cruinniu na Sidhe' was a great success and was especially enjoyed by families with young children. In the run-up to this event, we organised for local artists to facilitate workshops in two local primary schools, Bunscoil Bheanna Boirche, and Annsborough Integrated Primary School. The children learned about the exploits of Manannan mac Lir and made their own Irish mythology-inspired shields.

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
30 October 2025

And signed on behalf of the board by:
Name: Lorna Campbell
Status: Director