CRAFT FORWARD CIC

Company limited by guarantee

Company Registration Number:
14005011 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2026

Period of accounts

Start date: 1 April 2025

End date: 31 March 2026

CRAFT FORWARD CIC

Contents of the Financial Statements

for the Period Ended 31 March 2026

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CRAFT FORWARD CIC

Balance sheet

As at 31 March 2026

Notes 2026 2025


£

£
Fixed assets
Tangible assets: 3 1,009 0
Total fixed assets: 1,009 0
Current assets
Debtors: 4 2,226 116
Cash at bank and in hand: 25,000 20,263
Total current assets: 27,226 20,379
Creditors: amounts falling due within one year: 5 ( 20,080 ) ( 4,267 )
Net current assets (liabilities): 7,146 16,112
Total assets less current liabilities: 8,155 16,112
Total net assets (liabilities): 8,155 16,112
Members' funds
Profit and loss account: 8,155 16,112
Total members' funds: 8,155 16,112

The notes form part of these financial statements

CRAFT FORWARD CIC

Balance sheet statements

For the year ending 31 March 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.

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 16 September 2026
and signed on behalf of the board by:

Name: Elena Lo Presti
Status: Director

The notes form part of these financial statements

CRAFT FORWARD CIC

Notes to the Financial Statements

for the Period Ended 31 March 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 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.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery - SLM 33.33%

CRAFT FORWARD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

  • 2. Employees

    2026 2025
    Average number of employees during the period 2 2

CRAFT FORWARD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2025 0 0
Additions 1,514 1,514
Disposals
Revaluations
Transfers
At 31 March 2026 1,514 1,514
Depreciation
At 1 April 2025 0 0
Charge for year 505 505
On disposals
Other adjustments
At 31 March 2026 505 505
Net book value
At 31 March 2026 1,009 1,009
At 31 March 2025 0 0

CRAFT FORWARD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

4. Debtors

2026 2025
£ £
Prepayments and accrued income 127 116
Other debtors 2,099
Total 2,226 116

CRAFT FORWARD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

5. Creditors: amounts falling due within one year note

2026 2025
£ £
Taxation and social security 876 3,883
Accruals and deferred income 19,204 384
Total 20,080 4,267

CRAFT FORWARD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

6. Financial Commitments

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

CRAFT FORWARD CIC

Company Number: 14005011 (England and Wales)

Year Ending: 31 March 2026

Company activities and impact

Between 2025 and 2026, Craft Forward continued to grow as a community-driven initiative. We expanded our Blankets for London project into Blankets for the World, establishing 11 volunteer hubs across the UK and Europe. Thanks to this expansion, we assembled and distributed an incredible 519 blankets for people experiencing houselessness across the UK and Europe. This is a 136% increase from last year. We held 20 free knitting and crochet workshops in London and ran two six-hour knitting marathons at Southwark Cathedral. With these workshops, we reached people of all ages with the youngest participant being 8 years old and the oldest over 80, creating a truly intergenerational group. Our London workshop participants travelled from all London boroughs except Harrow. 100% of participants replying to our formal feedback form reported wanting to attend another one of our workshops. We ran a special knit club session in partnership with the Victoria and Albert Museum, reaching a diverse group of participants (especially beginners) with our initiative. We ran a special session called Stitch Stretch and Snack, funded by the Mayor of London where participants could get involved with the knitting club, participate in a gentle group stretching session and eat a delicious free meal after. We collaborated with Aardman Animations on the Can Ewe Knit It? Campaign, where Craft Forward designed some themed squares for people to contribute to the Blankets for the World project across the UK. Through these efforts, we strengthened our community, bringing people together through making and mutual care.

Consultation with stakeholders

Primary Stakeholders: Elena Lo Presti, Raschique Narwan, Eleanor Woods-Marshall (CIC’s Directors). We constantly consult stakeholders through a continuous feedback loop implemented in our workshop activities. 272 participants have engaged with our formal feedback form this year, providing valuable insights into the impact of our work. We have collected feedback from people of all age groups, starting from 8+, ensuring that our programmes remain inclusive and responsive to community needs. From our latest 2025 impact report statistics based on 272 responses to our formal feedback survey by participants: 99.6% of respondents said that Craft Forward contributes to making crafts more accessible, 93.4% of respondents said ‘yes’ when asked if the workshops helps to make them feel more connected to their community, 96% of respondents rated their satisfaction with the workshop 8 or above, 75.6% of respondents rated how creative they feel after the workshop 8 or above, 98.9% stated that the workshop positively improved their mental wellbeing. Our management team holds quarterly consultation meetings to analyse this feedback, allowing us to adapt and refine our activities to better serve our participants.

Directors' remuneration

For the financial year, the director Elena Lo Presti received gross remuneration of £16,380 for their services to the company. For the financial year, the director Hana Baraka received gross remuneration of £1,094 for their services to the company. For the financial year, the amount of £6,036 is paid or payable to the director Eleanor Woods-Marshall for their services to the company.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
16 September 2026

And signed on behalf of the board by:
Name: Elena Lo Presti
Status: Director