The Recovery Collective CIC
The Recovery Collective is a community interest company formed in November 2018 with the vi-sion to create a free recovery-focused music festival for people affected by addiction, mental health challenges, homelessness, and social isolation. We came together through our shared love of music and recovery, aiming to create an alcohol-free, safe environment that not only people in recovery could enjoy, but the whole community. We hosted our first event in May 2019 with great success, building strong partnerships with other CICs and recovery communities who believed in our work and were eager to support it. Our main partner for the event we put on, called Recovery Connects, was In-House CIC, who supported us with the venue, sound, and technical aspects. The Recovery Collective is comprised solely of our three directors, none of whom receive payment for the work we do within the organisation it is all on a voluntary basis. This ensures that all money received through sponsorships or grants is spent directly on delivering our projects, includ-ing purchasing or renting the equipment and services required. Our 2024 activities and achievements In 2024, we successfully returned to hosting our Recovery Connects event, which took place at Queens Park Arena on 30th June. The event was attended by over 2,500 people across the day, making it our largest and most impactful gathering to date. It provided a vital opportunity for people in recovery, their families, and the wider community to come together in a safe, supportive, alcohol-free environment to celebrate music and connection. This year, our funding came from The National Lottery and sponsorship by two local addiction charities: Abbeycare Scotland and With You. Towards the end of 2024, we also received grant funding from The Corra Foundation, specifically to support Recovery Connects 2025. This spend will be reflected in our accounts for 2025. Financial overview In 2024, The Recovery Collective received total income of approximately £37,300, primarily through grants and sponsorship. All expenditure was focused on delivering Recovery Connects and related community engagement, with no remuneration to directors. Our end-of-year balance stood at £19,411.76, which represents grant funding allocated to delivering Recovery Connects in 2025 and is therefore not taxable as surplus profit. Full accounts accompany this report, detailing our in-come, expenditure, and financial position. Looking ahead Our organisation continues to be led by three directors, all serving on a voluntary basis, ensuring that every pound of funding is directed to our community projects. Over the next year, we plan to grow our board and strengthen our governance, helping secure the long-term future of the organisa-tion. We also hope to expand beyond our annual Recovery Connects event by developing more lo-calised creative workshops that foster community resilience and connection. We remain mindful of rising costs and funding pressures facing small community organisations like ours. However, we are committed to adapting and finding new ways to continue offering free, re-covery-focused events and activities. Acknowledgements We would like to extend our sincere thanks to The National Lottery, Abbeycare Scotland, With You, and The Corra Foundation for their generous support. We also thank our many volunteers and community partners who helped make Recovery Connects 2024 a success. Derek Watt The Recovery Col
Revenue
£20k
▲ +1929.0% vs prior ~12m period
Profit after tax
£2k
Margin 10.7%
Employees
0
— vs prior ~12m period
Net assets
£122
Total assets £19k
Financial history
Revenue by accounting period
5 periods available · ▲ growth ▼ decline
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2024 | £20k | ▲ +1929.0% | £2k | 0 | £122 |
| 31 Dec 2023 | £992 | ▼ -88.5% | £592 | 0 | -£2k |
| 31 Dec 2022 | £9k | ▲ +7.5% | -£992 | 0 | -£3k |
| 31 Dec 2021 | £8k | — | -£577 | 0 | -£2k |
| 31 Dec 2020 | £0 | — | -£1k | 0 | -£1k |
Latest available figures
Period ending 31 Dec 2024. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
Profit & loss
- Revenue
- £20k
- Gross profit
- £12k
- Operating profit
- £2k
- Profit before tax
- £2k
- Profit after tax
- £2k
Balance sheet
- Total assets
- £19k
- Cash
- £19k
- Total liabilities
- £19k
- Net assets
- £122
- Revenue per employee
- Not available
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