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# CANAL DREAM CIC

## Company limited by guarantee

## Company Registration Number:
14774828 (England and Wales)

## Unaudited statutory accounts for the year ended 30 April 2025

## Period of accounts

## Start date: 1 May 2024

## End date: 30 April 2025

# CANAL DREAM CIC

## Contents of the Financial Statements

for the Period Ended 30 April 2025

Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# CANAL DREAM CIC

## Balance sheet

As at 30 April 2025

| Notes | 2025 | 13 months to 30 April 2024
--- | --- | --- | ---
|  | £ | £
Current assets
Cash at bank and in hand: |  | 127 | 205
Total current assets: |  | 127 | 205
Creditors: amounts falling due within one year: | 3 | ( 2,004 ) | ( 205 )
Net current assets (liabilities): |  | (1,877) | 0
Total assets less current liabilities: |  | (1,877) | 0
Total net assets (liabilities): |  | (1,877) | 0
Members' funds
Profit and loss account: |  | (1,877) | 0
Total members' funds: |  | ( 1,877) | 0

The notes form part of these financial statements

# CANAL DREAM 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 22 January 2026
and signed on behalf of the board by:

Name: Chuntian Hu
Status: Director

The notes form part of these financial statements

# CANAL DREAM 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

  Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.

# CANAL DREAM CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

- ## 2. Employees

  | 2025 | 13 months to 30 April 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# CANAL DREAM CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

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

| 2025 | 13 months to 30 April 2024
--- | --- | ---
| £ | £
Trade creditors | 190 |
Other creditors | 1,814 | 205
Total | 2,004 | 205

# CANAL DREAM CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 4. Financial Commitments

Company limited by guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

# COMMUNITY INTEREST ANNUAL REPORT

### CANAL DREAM CIC

### Company Number: 14774828 (England and Wales)

### Year Ending: 30 April 2025

Company activities and impact

During the financial year 30 April 2024 to 30 April 2025, Canal Dream CIC carried out activities in line with its community interest objectives by delivering accessible, not-for-profit cultural and creative programmes on London's waterways. The company uses boats and canal-side spaces as open cultural platforms to support emerging and underrepresented artists, engage local communities, and contribute to the social, cultural, and environmental regeneration of canal areas. Key activities during the year included: 1. IWA Canalway Cavalcade 2024 - Floating Nature Machine * Little Venice, 3-6 May 2024 * In partnership with Slash Arts and supported by volunteers, Canal Dream CIC delivered a multi-arts programme responding to nature, water ecology, and canal heritage as part of a major public waterways festival. Public benefit and impact: * Awarded Co-winner of the Marcus Boudier Trophy for Best Decorated Privately Entered Boat * Co-runner-up for Best Illuminated Boat, increasing public visibility and audience engagement * Supported 30+ emerging artists by providing free exhibition and performance space * Offered free and accessible arts experiences to the local community and festival audiences 2. Canal Dream Art Festival 2024 (CDAF) * King's Cross, 9-16 August 2024 * The Canal Dream Art Festival is a volunteer-led, non-profit, multi-arts festival delivered on and alongside the canal. It brings together artists, local organisations, boaters, and residents through inclusive, publicly accessible cultural programming. Public benefit and impact: * Involved 100+ emerging artists * Worked with 10 local organisations and community groups * Activated 6 underused canal-side and floating venues * Delivered 7 days of free public programmes * Achieved media coverage, increasing awareness of community-based cultural activity on the waterways 3. Royal College of Art Service Design Collaboration 2024 * October 2024 - February 2025 - RCA & Regent’s Canal * Canal Dream CIC acted as a live project partner for the Royal College of Art MA Service Design programme. In collaboration with Floating Classroom and Global Generation, the project supported students and tutors in exploring practical responses to challenges facing London’s canal system. * The collaboration focused on four themes: Floating Business, Boaters' Needs and Wellbeing, Recycling and Environment, and Public Participation and Digital Intervention. Activities included site visits, boat trips, story walks, and workshops, connecting academic research with lived experience and hands-on prototyping to explore the regeneration and reuse of under-recognised canal infrastructure. Public benefit and impact: * Supported 20 MA Service Design students in applied research addressing real-world canal challenges * One student team supported through the project was awarded 1st Place in the Service Design category at the Best in Design 2025 competition, Zlin Design Week Overall community benefit delivered by Canal Dream CIC included: * Supporting early-career and underrepresented artists in a non-commercial, supportive environment * Providing accessible cultural opportunities to a wide and diverse public audience * Encouraging community participation and social connection along the waterways * Raising awareness of environmental issues and canal heritage through creative engagement Canal Dream CIC operates on a not-for-profit basis and remains committed to delivering activities that serve the wider community. Any surplus generated is reinvested to further the company’s community interest objectives and public benefit on London’s waterways.

Consultation with stakeholders

Stakeholders - Canal Dream CIC’s stakeholders during the reporting period included: * Underrepresented and emerging creatives in the UK, particularly those from Global Majority backgrounds * Canal communities, including boaters and canal-based organisations * Local organisations and small businesses operating along the waterways * Local participants and audiences, including individuals from underserved or economically disadvantaged communities who face barriers to accessing cultural activities * Cross-sector collaborators working in design, education, environmental sustainability, and heritage Consultation Methods - Stakeholder consultation was embedded throughout the lifecycle of activities and took place through the following methods: Before activities: * Collaborative planning sessions with community members and partner organisations * One-to-one meetings and ongoing dialogue with artists, boaters, and delivery partners During activities: * Observation of participant engagement during events and workshops * Informal conversations with artists, audiences, volunteers, and partners After activities: * Collection of feedback from artists, audiences, and partner organisations * Ongoing engagement through social media and follow-up communications Actions Taken in Response to Feedback - Feedback from stakeholders informed the company’s ongoing development and delivery of activities. In response, Canal Dream CIC has: * Begun planning smaller, more regular activities in addition to larger annual festivals, responding to community interest in more frequent engagement * Explored more sustainable income models to reduce reliance on volunteers and increase paid opportunities for artists and contributors * Strengthened environmental and heritage-focused content, reflecting strong stakeholder interest in canal ecology, local history, and environmental awareness Canal Dream CIC remains committed to a participatory, responsive, and place-based approach. Stakeholder consultation continues to play a central role in shaping activities, building trust, and ensuring that projects deliver meaningful public benefit across London’s waterways.

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 January 2026

And signed on behalf of the board by:
Name: Chuntian Hu
Status: Director