NORIA CIC

Company limited by guarantee

Company Registration Number:
15618403 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 5 April 2024

End date: 30 April 2025

NORIA CIC

Contents of the Financial Statements

for the Period Ended 30 April 2025

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

NORIA CIC

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Principal activities of the company

Noria is a collective of socially engaged creatives dedicated to fostering inclusion, solidarity, and cultural exchange. We focus on uplifting voices from the global majority living in the diaspora, particularly, but not exclusively, those from Latin American and North African Arab communities. Through collaborative arts projects and bespoke consultancy services, we use creativity as a catalyst for connection, empowerment, and social change.



Directors

The directors shown below have held office during the whole of the period from
5 April 2024 to 30 April 2025

Sandy Abdelrahman
 Juan Carlos Candanedo Saez

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
19 December 2025

And signed on behalf of the board by:
Name: Sandy Abdelrahman
Status: Director

NORIA CIC

Profit And Loss Account

for the Period Ended 30 April 2025

13 months to 30 April 2025


£
Turnover: 0
Cost of sales: ( 2,366 )
Gross profit(or loss): (2,366)
Administrative expenses: ( 2,448 )
Other operating income: 3,598
Operating profit(or loss): (1,216)
Profit(or loss) before tax: (1,216)
Profit(or loss) for the financial year: (1,216)

NORIA CIC

Balance sheet

As at 30 April 2025

Notes 13 months to 30 April 2025


£
Current assets
Cash at bank and in hand: 11,905
Total current assets: 11,905
Creditors: amounts falling due within one year: 3 ( 13,121 )
Net current assets (liabilities): (1,216)
Total assets less current liabilities: (1,216)
Total net assets (liabilities): (1,216)
Members' funds
Profit and loss account: (1,216)
Total members' funds: ( 1,216)

The notes form part of these financial statements

NORIA CIC

Balance sheet statements

For the year ending 30 April 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 26 November 2025
and signed on behalf of the board by:

Name: Juan Carlos Candanedo Saez
Status: Director

The notes form part of these financial statements

NORIA CIC

Notes to the Financial Statements

for the Period Ended 30 April 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

    2.2. Turnover Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Other accounting policies

    2.3. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in surplus or deficit for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

NORIA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees

    13 months to 30 April 2025
    Average number of employees during the period 2

NORIA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Creditors: amounts falling due within one year note

13 months to 30 April 2025
£
Other creditors 13,121
Total 13,121

COMMUNITY INTEREST ANNUAL REPORT

NORIA CIC

Company Number: 15618403 (England and Wales)

Year Ending: 30 April 2025

Company activities and impact

Noria is a collective of socially engaged creatives dedicated to fostering inclusion, solidarity, and cultural exchange. We focus on uplifting voices from the global majority living in the diaspora, particularly, but not exclusively, those from Latin American and North African Arab communities. Through collaborative arts projects and bespoke consultancy services, we use creativity as a catalyst for connection, empowerment, and social change. During the financial year 2024–2025, our work positively impacted the community in several key ways: - Responding to urgent community needs: In August 2024, following racist, Islamophobic, and anti-immigration attacks in the UK, we partnered with Abrazo Colectivo to deliver a free online healing session for UK-based Latin American communities. The session provided a safe, accessible, and supportive space for Latin American participants to share their experiences, process trauma, and feel held by their community at a time of heightened fear and uncertainty. - Promoting awareness and anti-racism education: We delivered a free creative workshop exploring everyday racial microaggressions and how to identify and challenge them. Participants co-created an educational boardgame titled What Now?!, designed to raise awareness and spark dialogue around racialised interactions frequently experienced by LatinX and North African/Arab individuals living in London. - Strengthening visibility, leadership, and solidarity: In April 2025, we formally launched our collective at The Africa Centre in London, concluding a year of listening and relationship-building with our communities. With support from The Co-operative Bank, the launch brought together over 50 people to explore the importance of cross-community solidarity in an increasingly divisive social climate. The event featured a panel discussion with Alia Alzoughi (Artistic Director and CEO of Shubbak Festival) and Jacobo Belilty (Coordinator of CLAUK), alongside a poetry performance by Leo Boix and a DJ set by Tabideee. The event opened space for honest reflection, artistic expression, and new possibilities for collaboration. Overall, our programme created meaningful opportunities for connection, learning, visibility, and healing, supporting diaspora communities to feel seen, valued, and empowered. Key outcomes: 512 people reached 55 event attendees 10 workshop participants 5 hours of educational workshops delivered 5 freelance creatives commissioned (2 content creators, 2 artists, 1 assistant) 3 advisory board members engaged 1 online healing session facilitated 1 public panel discussion delivered

Consultation with stakeholders

Our primary stakeholders are members of the global majority diaspora communities we serve, particularly Latin American and North African Arab people living in the UK as well as freelance creatives, partner organisations, and our advisory board. Our directors and advisory board are part of the same communities and share lived experience with our beneficiaries, our work is shaped directly by those most affected. This ensures the organisation is led by the community, for the community. We consult stakeholders through workshops, project co-design, informal conversations, advisory board guidance, and event feedback. For example, our What Now?! workshop and boardgame were co-created with participants to ensure the content reflected real experiences and needs. Feedback has consistently highlighted the importance of free, accessible programmes and safe spaces for dialogue, healing, and solidarity. In response, we continue to offer no-cost activities, prioritise co-creation, and partner with community-led organisations to ensure our work remains relevant, inclusive, and responsive.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £1578 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
19 December 2025

And signed on behalf of the board by:
Name: Sandy Abdelrahman
Status: Director