ACADEMY OF FRIENDS CIC

Company limited by guarantee

Company Registration Number:
16068360 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2025

Period of accounts

Start date: 8 November 2024

End date: 30 November 2025

ACADEMY OF FRIENDS CIC

Contents of the Financial Statements

for the Period Ended 30 November 2025

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

ACADEMY OF FRIENDS CIC

Directors' report period ended 30 November 2025

The directors present their report with the financial statements of the company for the period ended 30 November 2025

Principal activities of the company

The director presents his report and accounts for the period from 8 November 2024 to 30 November 2025. Directors Marcel Niculae Vornicu was appointed on 8 November 2024. Statement of directors' responsibilities The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.



Directors

The director shown below has held office during the whole of the period from
8 November 2024 to 30 November 2025

Marcel Niculae Vornicu

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
8 August 2026

And signed on behalf of the board by:
Name: Marcel Niculae Vornicu
Status: Director

ACADEMY OF FRIENDS CIC

Profit And Loss Account

for the Period Ended 30 November 2025

13 months to 30 November 2025


£
Turnover: 29,146
Cost of sales: ( 6,241 )
Gross profit(or loss): 22,905
Distribution costs: ( 43,548 )
Administrative expenses: ( 3,194 )
Operating profit(or loss): (23,837)
Profit(or loss) before tax: (23,837)
Profit(or loss) for the financial year: (23,837)

ACADEMY OF FRIENDS CIC

Balance sheet

As at 30 November 2025

Notes 13 months to 30 November 2025


£
Current assets
Cash at bank and in hand: 0
Total current assets: 0
Creditors: amounts falling due within one year: 3 ( 23,836 )
Net current assets (liabilities): (23,836)
Total assets less current liabilities: (23,836)
Total net assets (liabilities): (23,836)
Members' funds
Profit and loss account: (23,836)
Total members' funds: ( 23,836)

The notes form part of these financial statements

ACADEMY OF FRIENDS CIC

Balance sheet statements

For the year ending 30 November 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 8 August 2026
and signed on behalf of the board by:

Name: Marcel Niculae Vornicu
Status: Director

The notes form part of these financial statements

ACADEMY OF FRIENDS CIC

Notes to the Financial Statements

for the Period Ended 30 November 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

ACADEMY OF FRIENDS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2025

  • 2. Employees

    13 months to 30 November 2025
    Average number of employees during the period 1

ACADEMY OF FRIENDS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2025

3. Creditors: amounts falling due within one year note

13 months to 30 November 2025
£
Other creditors 23,836
Total 23,836

ACADEMY OF FRIENDS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2025

4. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Directors paid to company
£
Balance at
Advances or credits made: 28,158
Advances or credits repaid:
Balance at 30 November 2025 28,158

COMMUNITY INTEREST ANNUAL REPORT

ACADEMY OF FRIENDS CIC

Company Number: 16068360 (England and Wales)

Year Ending: 30 November 2025

Company activities and impact

Academy of Friends CIC organises community festivals and events, with a particular emphasis on bringing music, art, food and live entertainment to local residents. During the financial year ended 30 November 2025, the company's activities have benefited the community in the following ways: local residents have had access to live music, art and stage performances by musicians and comedians, bringing cultural and entertainment opportunities to the area that would otherwise require travel to larger towns or cities. Families and children have benefited from face painting, fun games and competitions, with medals awarded to winners, encouraging community participation and providing enjoyable, inclusive activities for younger residents. Local food and drink producers and traders have been given a platform to sell their products at the festivals and events, supporting small local businesses and increasing their exposure to new customers. Local musicians, comedians and performers have been given opportunities to showcase their talents and gain performance experience in front of a community audience. The events have brought residents of different ages and backgrounds together in a shared community setting, strengthening community cohesion and reducing social isolation. Footfall generated by the events has provided secondary benefit to nearby local shops, cafes and businesses in the area.

Consultation with stakeholders

Academy of Friends CIC's stakeholders include local residents who attend its festivals and events, local food and drink producers, traders and performers who take part, and the volunteers who help organise and run the events. The company consults with these stakeholders informally throughout the year, gathering feedback directly from attendees, stallholders and performers during and after each event, as well as through informal conversations and social media. This feedback covers areas such as the range of activities on offer, the timing and organisation of events, and the overall visitor experience. In response to feedback received, the company has made adjustments to future events, including changes to the mix of entertainment and stalls on offer and improvements to the running and organisation of events, to ensure they continue to meet the needs and interests of the local community.

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
8 August 2026

And signed on behalf of the board by:
Name: Marcel Niculae Vornicu
Status: Director