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# DIASPORAS NOW CIC

## Company limited by guarantee

## Company Registration Number:
15775669 (England and Wales)

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

## Period of accounts

## Start date: 13 June 2024

## End date: 30 June 2025

# DIASPORAS NOW CIC

## Contents of the Financial Statements

for the Period Ended 30 June 2025

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

# DIASPORAS NOW CIC

## Profit And Loss Account

for the Period Ended 30 June 2025

| 13 months to 30 June 2025
--- | ---
| £
Turnover: | 100 |
Cost of sales: | 0 |
Gross profit(or loss): | 100
Distribution costs: | 0 |
Administrative expenses: | ( 1,096 ) |
Other operating income: | 1,426 |
Operating profit(or loss): | 430
Interest receivable and similar income: | 0 |
Interest payable and similar charges: | 0 |
Profit(or loss) before tax: | 430
Tax: | 0 |
Profit(or loss) for the financial year: | 430

# DIASPORAS NOW CIC

## Balance sheet

As at 30 June 2025

| Notes | 13 months to 30 June 2025
--- | --- | ---
|  | £
Fixed assets
Intangible assets: |  | 0 |
Tangible assets: |  | 0 |
Investments: |  | 0 |
Total fixed assets: |  | 0
Current assets
Stocks: |  | 0 |
Debtors: | 3 | 23,903 |
Cash at bank and in hand: |  | 0 |
Investments: |  | 0 |
Total current assets: |  | 23,903
Prepayments and accrued income: |  | 0 |
Creditors: amounts falling due within one year: | 4 | ( 23,473 ) |
Net current assets (liabilities): |  | 430
Total assets less current liabilities: |  | 430
Creditors: amounts falling due after more than one year: |  | 0 |
Provision for liabilities: |  | 0 |
Accruals and deferred income: |  | 0 |
Total net assets (liabilities): |  | 430
Members' funds
Profit and loss account: |  | 430 |
Total members' funds: |  | 430

The notes form part of these financial statements

# DIASPORAS NOW CIC

## Balance sheet statements

For the year ending 30 June 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 23 March 2026
and signed on behalf of the board by:

Name: Paola Estrella
Status: Director

The notes form part of these financial statements

# DIASPORAS NOW CIC

## Notes to the Financial Statements

for the Period Ended 30 June 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

  Other accounting policies

  Accounting policies include basis of preparation, turnover and income recognition, staff costs, and audit exemption in accordance with FRS102 Section 1A (Small Entities).

# DIASPORAS NOW CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

- ## 2. Employees

  | 13 months to 30 June 2025
  --- | ---
  Average number of employees during the period | 1 |

  The directors are employed and paid on a project-based model covering administration, production, and artist fees. Fees are calculated based on standard rates for creatives in the UK ranging from £150 to £225 per day depending on the tasks. During the year ended 30th June 2025, only one director received £819 for 4 days of project work administering the Arts Council grant, which will begin in July 2025. All contributions are for the benefit of the CIC’s creative community.

# DIASPORAS NOW CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 3. Debtors

| 13 months to 30 June 2025
--- | ---
| £
Trade debtors | 0 |
Prepayments and accrued income | 0 |
Other debtors | 23,903 |
Total | 23,903
Debtors due after more than one year: | 0 |

Other debtors consist of Arts Council England grant receivable and other income accrued in the year. No trade debtors or prepayments are included. All amounts are expected to be received within one year.

# DIASPORAS NOW CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

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

| 13 months to 30 June 2025
--- | ---
| £
Bank loans and overdrafts | 0 |
Amounts due under finance leases and hire purchase contracts | 0 |
Trade creditors | 0 |
Taxation and social security | 0 |
Accruals and deferred income | 0 |
Other creditors | 23,473 |
Total | 23,473

Other creditors consist of outstanding staff fees and administrative costs at the year-end. There are no bank loans, finance leases, trade creditors, or accruals/deferred income. All amounts are expected to be settled within one year.

# COMMUNITY INTEREST ANNUAL REPORT

### DIASPORAS NOW CIC

### Company Number: 15775669 (England and Wales)

### Year Ending: 30 June 2025

Company activities and impact

Diasporas Now is a platform for live-art giving exposure to artists from the global majority. It opens up contemporaneous discourses on displaced identities and celebrates cross-diasporic solidarity. - Diasporas Now offered curated performance events in London collaborating with institutions such as ICA, South London Gallery, Mimosa House, Humber Street Gallery, V&A and Somers Gallery. - We have provided academic services, including workshops and lectures at Central Saint Martins and The Royal College of Art. Across these activities, there has been a spirit of community, inclusion, and collaboration, nurturing both participating artists and the audience. - Diasporas Now received a grant from Arts Council England at the end of June 2025, covering part of the costs for Diasporas Now: Macrocosmic Futures (Touring Programme 2025-2026). This programme champions experimental live art by Global Majority artists in partnership with South London Gallery, V&A Museum in London, Spike Island in Bristol, and Primary in Nottingham. The project fuses pre-colonial knowledge, spirituality, ecology, and technology into performances, showcasing diverse narratives often absent in mainstream discourse. - Six selected artists will receive support from Diasporas Now over the course of the tour, representing the multicultural creative landscape. The grant covers management, marketing, equipment, production, travel, artist fees, and presenting costs from July 2025 to June 2026. - We provided events free to attend in collaboration with V&A East and Minor Attractions during Frieze Art Week, as well as in Mexico City in partnership with the Royal College of Art.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The directors are paid on a project-based model covering administration, production, and artist fees. Fees are calculated based on standard rates for creatives in the UK ranging from £150 to £225 per day depending on the tasks. During the year ended 30th June 2025, only one director received £819 for 4 days of project work administering the Arts Council grant, which will begin in July 2025. All contributions are for the benefit of the CIC’s creative community.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 March 2026

And signed on behalf of the board by:
Name: Paola Estrella
Status: Director