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# STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

## Company limited by guarantee

## Company Registration Number:
07646830 (England and Wales)

## Unaudited statutory accounts for the year ended 31 May 2025

## Period of accounts

## Start date: 1 June 2024

## End date: 31 May 2025

# STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

## Contents of the Financial Statements

for the Period Ended 31 May 2025

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

# STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

Directors' report period ended 31 May 2025

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

Principal activities of the company

The principal activity of the company is The principal activity of the company is making and selling of Arts and Crafts Collectives while empowering people to recover from mental illness.

Company policy on disabled employees

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Directors

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

Gavin James Haviland Eastley
Sandra Wauchope
Michael Sean O'Donovan
Carolyn Lesley Tripp

The directors shown below have held office during the period of
1 June 2024 to 17 September 2024

Shahnaz Parveen
Rachael Katz

Secretary Esther Helen Sample

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
15 December 2025

And signed on behalf of the board by:
Name: Sandra Wauchope
Status: Director

# STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

## Profit And Loss Account

for the Period Ended 31 May 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 167,208 | 126,709
Cost of sales: | ( 3,392 ) | ( 4,023 )
Gross profit(or loss): | 163,816 | 122,686
Administrative expenses: | ( 163,816 ) | ( 122,686 )
Operating profit(or loss): | 0 | 0
Profit(or loss) before tax: | 0 | 0
Profit(or loss) for the financial year: | 0 | 0

# STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

## Balance sheet

As at 31 May 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Current assets
Stocks: | 3 | 5,733 | 6,256
Debtors: | 4 | 256 | 225
Cash at bank and in hand: |  | 41,227 | 53,185
Total current assets: |  | 47,216 | 59,666
Creditors: amounts falling due within one year: | 5 | ( 13,092 ) | ( 25,542 )
Net current assets (liabilities): |  | 34,124 | 34,124
Total assets less current liabilities: |  | 34,124 | 34,124
Total net assets (liabilities): |  | 34,124 | 34,124
Members' funds
Profit and loss account: |  | 34,124 | 34,124
Total members' funds: |  | 34,124 | 34,124

The notes form part of these financial statements

# STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

## Balance sheet statements

For the year ending 31 May 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 15 December 2025
and signed on behalf of the board by:

Name: Sandra Wauchope
Status: Director

The notes form part of these financial statements

# STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 May 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

  Other accounting policies

  Basis of preparation These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

# STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 3. Stocks

| 2025 | 2024
--- | --- | ---
| £ | £
Stocks | 5,733 | 6,256
Total | 5,733 | 6,256

# STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Prepayments and accrued income | 256 | 225
Total | 256 | 225

# STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Accruals and deferred income | 4,853 |
Other creditors | 8,239 | 25,542
Total | 13,092 | 25,542

# COMMUNITY INTEREST ANNUAL REPORT

### STUDIO 306 COLLECTIVE COMMUNITY INTEREST COMPANY

### Company Number: 07646830 (England and Wales)

### Year Ending: 31 May 2025

Company activities and impact

This report covers the financial period of 01-06-2024 to 31-05-2025. The Community Interest Company enabled individuals with Mental Health to use creativity in arts and crafts as a catalyst for wellness and recovery. Mostly, people living in North Central London; Barnet; Enfield; Camden; Haringey and Islington including other areas in London. In this period, Studio 306 Collective co-designed, co-delivered, co-implemented and co-evaluated community events and activities, with creative local makers on two new projects. The Studio offered people recovering from mental illness a clean, safe, secure and enabling environment to learn new skills, become more self-confident, in order to reduce social isolation and become socially included. In addition to workshops, bi-monthly meetings. We supported them with other creative people networks on an integrated multi agency team approach to help them progress forward with their unique skills and abilities. We provided workshops to long term disadvantaged people, primarily from marginalised communities with open creative space and the opportunity to rediscover forgotten skills, develop new ones, whilst boosting self confidence with an enhanced sense of fulfilment and empowerment. Information, advice and guidance from qualified trained staff in mental health was provided with regular training on employability skills, training workshops, open studios, craft fairs and markets to offer realistic work experiences. The makers gained marketing and communications skills with this global engagement to showcase their work online and in person at community events. Makers were encouraged to promote their handwork at other retail outlets and social media on Instagram and Facebook. The community and public benefits were: Studio 306 Improved healths and well being by connecting people to their local community and health services. We supported at least 180 people in the community, reducing the need for GP or hospital support. We engaged with over 85 people in a supervised workshop setting to build up their skills and confidence. We encouraged community connectivity with reduced social isolation. There was a drop in dependence on National Health Services out of service provision and Mental Health improved as over 75 people felt better with health improvements and community peer support. The community benefited from more accessible social support and improved creative designs as their self confidence grew over time. Co-designers joined in local community events to meet firms, access jobs and business opportunities. We held over 25 training workshops and consultative meetings to give all participants a voice. They were listened to and we achieved improvements together.

Consultation with stakeholders

We consulted with our stakeholders through our events and activities in the financial year ended 31st May 2025. In June 2024 ,Two of our makers coproduced to deliver Sumi e Ink painting at Clockwise with 12 participants who made their own bespoke cards. We liaised with our volunteers to develop new promotional flyers. We had several informal visits by clinicians and service users. In July 2024,We took part in Hackney Cold fire Festival and Chapman Green summer sales. We held tutors consultative meetings and workshop planning. In August 2024, We had two weeks Summer break. We consulted social prescribers in other to feed back their clients experience of our courses. We engaged new admin worker. Trainees were enrolled for 26 weeks National Lottery community funded workshops which commenced 20th August. In September 2024, 11th we held makers consultative meeting, discussed were objectives or aims of CIC and service expectations to ensure we meet service delivery objectives. AGM held on 17th September with appointment of new directors. Participated in Age well festival in Bruce castle museum. We met and consulted with St. Ann’s hospital NHS youths in transition team To enable their service users join in ceramic workshop. Did well being check of all makers. Following consultation of NCL clinicians, We commenced NHS Forensic NLFC workshops in Ceramics, Sewing and Jewellery. Attended Haringey scrutiny cafe in the Engine room. Engaged in online consultation by publicising our service on Haringey community collaborative NavNet. In October 2024, We took part in the Community Cuppa, Makers consultative meeting on 8th and 50 Plus dance event at Millfield Theatre. Consulted with Public voice, health watch. Was visited by our local MP Bambos Charalambous for an informal visit to get to know us and publised our efforts in North London. Our insurers Ansvar confirmed our annual insurance to ensure the right coverage for the community interest company. Welfare calls and support was offered to five service users with stress, anxiety and cost of living concerns. The makers meeting was held at the end of the month to consult, collorabate and co delivery activities. In November 2024, We held a celebratory end of programmes party for the NLFC group of learners who had successfully completed training workshops and displayed their finished goods for sale. Highgate Fair. In December 2024 , 11th Open studio, Lymington Road sales, 17th The North London Way with NHS Partners at Tottenham Hale, 18th Christmas meal, London Bridge Sales and Winter Markets. In January 2025 ,Following the Christmas break, we started the year with no heating and this resulted in makers being unable to be as productive or engaged as usual. Initial meeting with council property services. Informal visits to the Studio and new clients were enrolled. In February 2025 4th Board Meeting, 6th Time to Talk, 15th Goan Centre Valentine Event, 19th Makers meeting. And consultative meeting with CAB on community advice partnerships. We participated in the launch of the Central North London NHS strategic plan locally with other health partners and agencies. In March 2025 ,8th 2025, held International Women’s Day 2025 in partnership with Metro Bank we consulted with local business and entrepreneurs who visited the Studio 306 afterwards. Mother’s Day sale event on Wednesday 25th with consultative makers meeting to provide feedback. Meetings with partners including Mind in Haringey. In April 2025 ,1st Board Meeting at Engine Room, Tottenham and 9th Stephen Mann Memorial Event. In April 2025 , Studio 306 participated in the stress awareness month and held a board meeting on 1st April. We also attended online Teams meeting on WRES in partnership with the New Haringey Council social care director and implementing changes going forward. We have worked towards improvements in our governance and meeting our service delivery objectives. The whole community came together on 9th April to celebrate the lifetime achievements of our past chair Stephen Mann with his family from all over the world. In May 2025 ,Studio 306 celebrated and acknowledged Black Inclusion Week from 12 to 18th May. Completed financial compliance training and attended Shaping Wood Green with key partners at the Decorum. Studio 306 consulted with partners at the Selby Centre as part of the African Caribbean Networks.

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
15 December 2025

And signed on behalf of the board by:
Name: Sandra Wauchope
Status: Director