for the Period Ended 31 December 2025
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2025
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 January 2025
to
31 December 2025
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2025 | 13 months to 31 December 2024 | |
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| Turnover: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2025 | 13 months to 31 December 2024 | |
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| Current assets | |||
| Debtors: | 3 |
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| Creditors: amounts falling due within one year: | 4 |
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| Members' funds | |||
| Profit and loss account: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2025
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 December 2025
| 2025 | 13 months to 31 December 2024 | |
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| Average number of employees during the period |
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for the Period Ended 31 December 2025
| 2025 | 13 months to 31 December 2024 | |
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| £ | £ | |
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| Total |
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for the Period Ended 31 December 2025
| 2025 | 13 months to 31 December 2024 | |
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| £ | £ | |
| Taxation and social security |
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| Accruals and deferred income |
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King Ink CIC runs a number of regular poetry events in the city, providing free access to the arts and supporting a growing community of poets (and poetry enthusiasts). We also collaborate with local organisations on a variety of community arts activities. In 2025, our activities benefited the community in the following ways: 1. Our monthly open mic has become the largest regular spoken word night in the region, with 30-50 people attending each event. Every month we host people from a wide variety of backgrounds, from students to retirees, and many of our first-time participants have gone on to become active members of the North East poetry scene. 2. In January, we started a weekly young writers group. This is the only group for young writers in Sunderland. The group also supported the launch of Culture Start in the city, and performed at Summer Streets (a local music festival). This group includes a volunteer support assistant, who we have helped to secure part-time work in the sector. 3. In March, we started Poets’ Corner, a monthly poetry book club. This provides a more relaxed, social event for group members, which is both educational and an opportunity for participants to share their enthusiasm for different types of poetry. 4. We supported three local festivals (Summer Streets, Sunniside Nights, and Sunderland Arts Festival), creating paid performance opportunities for local poets. 5. We collaborated with several local organisations (Seventeen Nineteen, Sunderland Community Soup Kitchen, Sunderland Lit & Phil, Born Lippy), extending our offer beyond people who can attend our regular events and supporting the activity of these valuable community resources.
King Ink’s stakeholders include residents of Sunderland and the surrounding towns (e.g. Washington, Houghton le Spring), members of the broader North East poetry scene, and Sunderland’s many independent and community-focused businesses / organisations. The directors are all poets living and working in Sunderland. Our Legacy Director is the son of King Ink’s original host, and our other two directors were both long-term members of the group before we incorporated in 2023. In September, we hosted our third King Think event. This is a meeting in which we invite community members to feedback on what we’re currently delivering, and how they’d like us to improve / expand our offer. During the meeting, members valued how warm, welcoming and diverse the community is, and were keen to explore further collaborations with local organisations. They were also eager to support what we do through volunteering, particularly at local fairs and markets, where we occasionally sell poetry books and merchandise. We also encourage group members to share their ideas with us informally. One such idea was to support Sunderland Pride in 2026, by producing a collection of queer poetry, which we are doing right now.
The directors received no remuneration relating to this financial year. The £2,750 owed to directors at 31st December 2024 was invoiced and paid in the financial year ending 31st December 2025. The accrual for this value in the 2024 accounts was reversed in 2025 to offset the invoice provided by the director.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
13 May 2026
And signed on behalf of the board by:
Name: Helen Wilkinson
Status: Director