SECOND COLLECTIVE BELFAST CIC

Company limited by guarantee

Company Registration Number:
NI676693 (Northern Ireland)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 29 February 2024

End date: 28 February 2025

SECOND COLLECTIVE BELFAST CIC

Contents of the Financial Statements

for the Period Ended 28 February 2025

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

SECOND COLLECTIVE BELFAST CIC

Directors' report period ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Principal activities of the company

The directors were unsuccessfully in securing further funding for activities for the financial year 2024-25 and are currently considering the future of the organisation



Directors

The directors shown below have held office during the whole of the period from
29 February 2024 to 28 February 2025

Sinead O'Neill-Nicholl
Cathy Scullion


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
14 November 2025

And signed on behalf of the board by:
Name: Sinead O'Neill-Nicholl
Status: Director

SECOND COLLECTIVE BELFAST CIC

Profit And Loss Account

for the Period Ended 28 February 2025

2025 2024


£

£
Turnover: 0 0
Cost of sales: 0
Gross profit(or loss): 0 0
Administrative expenses: ( 34 ) ( 32 )
Operating profit(or loss): (34) (32)
Profit(or loss) before tax: (34) (32)
Tax: ( 547 )
Profit(or loss) for the financial year: (34) (579)

SECOND COLLECTIVE BELFAST CIC

Balance sheet

As at 28 February 2025

Notes 2025 2024


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 333 912
Investments:   0 0
Total current assets: 333 912
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 34 ) ( 579 )
Net current assets (liabilities): 299 333
Total assets less current liabilities: 299 333
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 299 333
Members' funds
Profit and loss account: 299 333
Total members' funds: 299 333

The notes form part of these financial statements

SECOND COLLECTIVE BELFAST CIC

Balance sheet statements

For the year ending 28 February 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 14 November 2025
and signed on behalf of the board by:

Name: Sinead O'Neill-Nicholl
Status: Director

The notes form part of these financial statements

SECOND COLLECTIVE BELFAST CIC

Notes to the Financial Statements

for the Period Ended 28 February 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

    Turnover policy

    Turnover represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for services provided.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Equipment and computers - 33.3% straight line

    Other accounting policies

    Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

SECOND COLLECTIVE BELFAST CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

SECOND COLLECTIVE BELFAST CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 547
Other creditors 34 32
Total 34 579

COMMUNITY INTEREST ANNUAL REPORT

SECOND COLLECTIVE BELFAST CIC

Company Number: NI676693 (Northern Ireland)

Year Ending: 28 February 2025

Company activities and impact

The principal activity of the company during the period was providing benefit to ... support mature female artists by commissioning paid exhibition opportunities for artists working in fine art specialisms short term studio residencies practical and mentoring support to these artists. Our main focus is to engage with women locally, nationally and internationally who are experiencing a variety of support needs as mature women in the early stages of an art career and for those whose art career has been impacted by caring responsibilities. Second Collective Belfast will also offer and promote learning opportunities and skill sharing opportunities for women in the fine art sector and beyond. We intend to use our programmes to engage with a variety of groups that support women in the community and groups that have difficulty accessing art activities and learning related to the arts sector. We intend to target women’s groups within rural areas and areas of significant socio-economic deprivation and groups that support black, Asian and minority ethnic communities.

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
14 November 2025

And signed on behalf of the board by:
Name: Sinead O'Neill-Nicholl
Status: Director