CREART-COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
11939090 (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

CREART-COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2026

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CREART-COLLECTIVE CIC

Balance sheet

As at 31 March 2026

Notes 2026 2025


£
£
Fixed assets
Tangible assets: 3 951 1,189
Total fixed assets: 951 1,189
Current assets
Debtors: 4 450
Cash at bank and in hand: 8,304 19,753
Total current assets: 8,754 19,753
Creditors: amounts falling due within one year: 5 ( 1,530 ) ( 2,435 )
Net current assets (liabilities): 7,224 17,318
Total assets less current liabilities: 8,175 18,507
Creditors: amounts falling due after more than one year: 6 ( 12,784 ) ( 1,934 )
Total net assets (liabilities): (4,609) 16,573
Members' funds
Profit and loss account: (4,609) 16,573
Total members' funds: ( 4,609) 16,573

The notes form part of these financial statements

CREART-COLLECTIVE 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 2 November 2026
and signed on behalf of the board by:

Name: Marlene Fortes
Status: Director

The notes form part of these financial statements

CREART-COLLECTIVE 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

    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 20 percent Straight Line

CREART-COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

  • 2. Employees

    2026 2025
    Average number of employees during the period 4 2

CREART-COLLECTIVE 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 1,486 1,486
Additions
Disposals
Revaluations
Transfers
At 31 March 2026 1,486 1,486
Depreciation
At 1 April 2025 297 297
Charge for year 238 238
On disposals
Other adjustments
At 31 March 2026 535 535
Net book value
At 31 March 2026 951 951
At 31 March 2025 1,189 1,189

CREART-COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

4. Debtors

2026 2025
£ £
Other debtors 450
Total 450

CREART-COLLECTIVE 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 1,956
Accruals and deferred income 720 479
Other creditors 810
Total 1,530 2,435

CREART-COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

6. Creditors: amounts falling due after more than one year note

2026 2025
£ £
Bank loans and overdrafts 301 1,400
Other creditors 12,483 534
Total 12,784 1,934

COMMUNITY INTEREST ANNUAL REPORT

CREART-COLLECTIVE CIC

Company Number: 11939090 (England and Wales)

Year Ending: 31 March 2026

Company activities and impact

During the financial year ending 31 March 2026 CreArt Collective CIC continued to deliver its core mission of improving the lives of marginalised and disadvantaged communities in Dudley and the surrounding areas. Our primary activities focused on Community Arts and Creative Workshops Using creative expression performing arts and artistic creation as tools for healing personal growth and social inclusion. These sessions provided safe welcoming spaces for individuals to build confidence and self esteem. Health and Wellbeing Support Enabling access to practical support services that tackle health and social inequalities promoting positive mental health and emotional resilience among participants. Marginalised Community Empowerment Engaging vulnerable residents including minority and low income groups to overcome systemic barriers, reduce isolation, and foster a strong sense of belonging and community cohesion. Through these initiatives, the company directly benefited the community by creating inclusive pathways toward social equity, enhancing mental wellbeing, and equipping participants with new creative and personal skills.

Consultation with stakeholders

Stakeholders of the company include project participants, local community members, partner organisations, and volunteers. How stakeholders were consulted: We engaged with our stakeholders through regular feedback forms following workshops, open community forums, and direct one-to-one discussions during our drop-in sessions and community events. Action taken in response to feedback: Feedback from participants highlighted a high demand for more regular creative sessions and structured emotional support pathways. In response, the company expanded its weekly timetable of community arts workshops, tailored project structures to better suit the schedules of working families and vulnerable adults, and strengthened signposting to local health and social care networks.

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
2 November 2026

And signed on behalf of the board by:
Name: Marlene Fortes
Status: Director