C3 CENTRE FOR CREATIVITY AND CULTURE CIC

Company limited by guarantee

Company Registration Number:
15742527 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2026

Period of accounts

Start date: 25 May 2025

End date: 31 May 2026

C3 CENTRE FOR CREATIVITY AND CULTURE CIC

Contents of the Financial Statements

for the Period Ended 31 May 2026

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

C3 CENTRE FOR CREATIVITY AND CULTURE CIC

Directors' report period ended 31 May 2026

The directors present their report with the financial statements of the company for the period ended 31 May 2026

Principal activities of the company

Principal activity of the company during the financial year was of book publishing, cultural education, performing arts, and artistic creation.

Additional information

Gift Aid Swansea Council Winter Wellbeing Fund During the year ended 31st May 2026, a total grant of £3,790.00 was received from the Swansea Council Winter Wellbeing Fund, and £300 in support from The Swansea City of Sanctuary. Welsh Government During the course of the year, the Welsh Government gave a grant of £22,895 to support the work in the community. National Lottery Community Fund During the course of the year 2026, the National Lottery Community Fund gave a sum of £20,000.00 to support the community. The Oakdale Trust During the year ended 31st May 2026, a total grant of £1,500.00 was received from The Oakdale Trust. Arts Council Wales During the course of the year 2026, a total grant of £8,860.00 to support the community. Alun Evans Grant A grant of £500 was received in the course of the year ended 31st May 2026 from Alun Evans Grant. Total Grants Received A total of £67,635.13 was received during the financial year ending 31 May 2026, in support of the community.



Directors

The directors shown below have held office during the whole of the period from
25 May 2025 to 31 May 2026

Chukwudi-Okeh Chinyere
 Melissa Rodrigues
 WACHIRA, Edna Wangari

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
1 June 2026

And signed on behalf of the board by:
Name: Chukwudi-Okeh Chinyere
Status: Director

C3 CENTRE FOR CREATIVITY AND CULTURE CIC

Profit And Loss Account

for the Period Ended 31 May 2026

2026 2025


£
£
Turnover: 8,040 40
Cost of sales: ( 63 )
Gross profit(or loss): 8,040 (23)
Distribution costs: ( 608 ) ( 1,189 )
Administrative expenses: ( 42,565 ) ( 18,361 )
Other operating income: 35,445 19,613
Operating profit(or loss): 312 40
Profit(or loss) before tax: 312 40
Tax: ( 135 ) 0
Profit(or loss) for the financial year: 177 40

C3 CENTRE FOR CREATIVITY AND CULTURE CIC

Balance sheet

As at 31 May 2026

Notes 2026 2025


£
£
Fixed assets
Tangible assets: 3 1,543 709
Total fixed assets: 1,543 709
Current assets
Cash at bank and in hand: 23,066 1,124
Total current assets: 23,066 1,124
Creditors: amounts falling due within one year: 4 ( 24,329 ) ( 368 )
Net current assets (liabilities): (1,263) 756
Total assets less current liabilities: 280 1,465
Accruals and deferred income: ( 1,425 )
Total net assets (liabilities): 280 40
Members' funds
Profit and loss account: 280 40
Total members' funds: 280 40

The notes form part of these financial statements

C3 CENTRE FOR CREATIVITY AND CULTURE CIC

Balance sheet statements

For the year ending 31 May 2026 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 1 June 2026
and signed on behalf of the board by:

Name: Chukwudi-Okeh Chinyere
Status: Director

The notes form part of these financial statements

C3 CENTRE FOR CREATIVITY AND CULTURE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2026

  • 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 invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer Equipment - 3 years

    Other accounting policies

    Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. Going concern basis The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Government grants Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred. Taxation Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

C3 CENTRE FOR CREATIVITY AND CULTURE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2026

  • 2. Employees

    2026 2025
    Average number of employees during the period 0 0

C3 CENTRE FOR CREATIVITY AND CULTURE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2026

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 25 May 2025 772 772
Additions 877 877
Disposals
Revaluations
Transfers
At 31 May 2026 1,649 1,649
Depreciation
At 25 May 2025 63 63
Charge for year 43 43
On disposals
Other adjustments
At 31 May 2026 106 106
Net book value
At 31 May 2026 1,543 1,543
At 24 May 2025 709 709

C3 CENTRE FOR CREATIVITY AND CULTURE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2026

4. Creditors: amounts falling due within one year note

2026 2025
£ £
Trade creditors 42 367
Taxation and social security 135 0
Accruals and deferred income 24,151 0
Other creditors 1 1
Total 24,329 368

COMMUNITY INTEREST ANNUAL REPORT

C3 CENTRE FOR CREATIVITY AND CULTURE CIC

Company Number: 15742527 (England and Wales)

Year Ending: 31 May 2026

Company activities and impact

For the current financial year beginning June 1, 2025, to May 31st 2026, the C3 Centre for Creativity and Culture CIC succeeded in breaking the barriers of access to free arts and culture facilitated activities for underrepresented arts and artists in the creative and culture industries. We designed and delivered free facilitated workshops to transfer skills to the younger generation. We helped creatives manage the tug of war between passion/creativity and survival/bills. Owing to the seasonal jobs and the oversubscribed full-time jobs in the creative sector, which push creatives to work outside their fields of passion, they lose touch with their creativity and struggle to develop their creative practice. We create the platform to mitigate this challenge. We also supported families who do not have economic access to mainstream arts and culture activities, to not only attend for free, but also see themselves and their heritages on display. We shared the unique talents that crossed the borders with the people of Wales and England through our deliveries within and outside of Wales. We supported creatives who work in the non-creative sector, owing to the lack of full-time opportunities in the creative sector, to periodically connect with their talents through mentorship and facilitated workshops. We explored in detail the goods of creativity and culture as a tool for wellbeing, community cohesion, overcoming isolation, family bonding, and cultural pride/competency. Above all, we delivered multi-genre creative expressions that showcased the multicultural wealth and heritages of Wales and the United Kingdom. Some of our deliveries are Dance, Body Movement, Creative Writing Workshop, TaiChi, KungFu Fan Routine, Qigong, African Drumming, Black History Heritage Expository Sessions, Storytelling, instrumentation, fluting, and More. We delivered these sessions in schools, community groups, statutory events, and more. Owing to our increase in capacity this second year, we enjoyed the support of the Arts Council of Wales, the National Lottery, the Welsh Government, the Swansea Council, the Oakdale Trust, the Councillors of Castle Ward, the Alun Evans. We delivered our promised signature annual event, the Annual Welsh Multicultural Christmas. We have had a busy year and we are currently looking to develop our safe space which enables people who have experienced barriers to access to mainstream arts, culture and creative industries to see themselves in Arts and share their cultural talents across the United Kingdom. Our volunteers, youths panel, advisory board, directors, community members are geared on for the next phase. Our directors whose skills cut across Creative Literature, Visual Arts, Photography, Drumming, Dance, Storytelling, Upcycling, Origami, Climate/Ecological emergency and more, are ready for the coming year. Perhaps the best highlight for us is the ability to deliver the goods of creative arts and culture to children, early teenagers, young adults, adults, seniors and families alike; an age-defying/intergenerational projects delivery that cut across genres, ethnicities and more.

Consultation with stakeholders

1) We consulted with about 13 young people in our youth panel and steering committee in focus interviews. 2) We consulted with our community of creatives and service users. Over 80 respondents participated. 3) We also periodically speak with our local SCVS (Swansea Council for Voluntary Service) by participating in available training, registering as members, and participating in member development events. With their support, we work on our policies and gain support for funding development. 4) We consulted and delivered taster sessions in schools to gauge the reception of our planned and future activities. 5) Our directors meet once every month and hold strategy sessions.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services as a Project Coordinator during the course of the year 2025/2026 was £8,515.89 (Chinyere Chukwudi-Okeh) and as a facilitator of sessions £387.78 (Wachira Edna).

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 June 2026

And signed on behalf of the board by:
Name: Chukwudi-Okeh Chinyere
Status: Director