for the Period Ended 31 August 2021
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 August 2021
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
31 August 2020 to 31 August 2021
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2021 | 15 months to 30 August 2020 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | ( |
Interest receivable and similar income: | | |
Profit(or loss) before tax: | ( | ( |
Profit(or loss) for the financial year: | ( | ( |
As at
Notes | 2021 | 15 months to 30 August 2020 | |
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| £ | £ | |
Current assets | |||
Debtors: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | ( | | |
Total assets less current liabilities: | ( | | |
Creditors: amounts falling due after more than one year: | 5 | ( | ( |
Total net assets (liabilities): | ( | ( | |
Members' funds | |||
Profit and loss account: | ( | ( | |
Total members' funds: | ( | ( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2021
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 August 2021
2021 | 15 months to 30 August 2020 | |
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Average number of employees during the period | | |
for the Period Ended 31 August 2021
2021 | 15 months to 30 August 2020 | |
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£ | £ | |
Other debtors | | |
Total | |
for the Period Ended 31 August 2021
2021 | 15 months to 30 August 2020 | |
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£ | £ | |
Taxation and social security | | |
Other creditors | | |
Total | | |
for the Period Ended 31 August 2021
2021 | 15 months to 30 August 2020 | |
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£ | £ | |
Other creditors | | |
Total | | |
for the Period Ended 31 August 2021
Name of director receiving advance or credit: | |
Description of the transaction: | |
| |
£ | |
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Balance at 30 August 2020 | |
Advances or credits made: | |
Advances or credits repaid: | |
Balance at 31 August 2021 | |
The years 2020/21 was a difficult one at Vivace Theatre School CIC as we tried to continue trading despite the ongoing issues caused by COVID-19. Continual changes to government restrictions and surges in cases meant adapting plans to suit the climate.Vivace Theatre School is committed to helping young people realise their potential in the Performing Arts. We offer training in a safe and nurturing environment accessible to all and we offer affordable rates to enable participation from all members of the community.In the year 2020/21 trading was heavily impacted by the COVID 19 pandemic and government restrictions. Young people were particularly affected by the disruption. With schools closed, all of their social activities inaccessible and owing to the vast change coupled with the uncertainty, there was a widely reported negative impact on young peoples confidence & motivation at this time. Our aim throughout was to provide as much support as possible. We knew that even when we were not permitted to hold face to face classes, we could still be an important source of inspiration & creativity at a crucial time. Our activity during the period was as follows:The year started promisingly as we were permitted to reopen from mid sept 2020. Worries about how many children would return and how safe families would feel sending their children with COVID rates still high were unfounded and we realised just how desperate our students had been to get back to rehearsals. Despite being closed for 6 full months and not having our usual summer programme, which is always a big boost to enrolment, we reopened 43 of our 45 weekly classes. The 2 that remained closed were singing and a linked guitar class and this was because singing indoors was still not permitted. Unfortunately a surge in cases prompted the gov to introduce the Tier System so we had to take our classes online in October. After only 6 weeks in the studio it was a bit of a blow but our staff really embraced the opportunity to develop new creative ways to work with their students from our ‘virtual studio’. In January the country went into lockdown again but with our online format now running smoothly, we were able to provide consistency, routine and a social and creative outlet for our students. This was really appreciated by our families and participation in online classes during this period was high. Face to face teaching was allowed again in April and we were able to reopen our Sauchiehall st studio for the last 7 weeks of term. We also put our summer programme on sale and sold 6 weeks worth of courses. As summer approached COVID cases were beginning to spiral again. We attempted to run our sell out summer programme but unfortunately they were plagued with covid related issues and after an outbreak in week 1 & 2 we took the decision to cancel the 4 remaining weeks to keep our staff and students safe. Despite all of the challenges of the year we continually adapted, generating regular ongoing work during a very lean time for 12 Freelance Artists at Equity rates of pay.As an organisation we thought the year 2020/21 was going to be our year to rebuild after COVID, but it was exactly the opposite. We are extremely proud of our teams endurance and the opportunities and support they extended to our students and families. The demand demonstrated for our programmes, despite the fact that we were unable to produce shows of offer exams, is evidence that there is still a clear need for accessible Performing Arts education, even during very challenging times. The Arts offer so many social and emotional benefits and the feedback we have received from participants and parents has affirmed our belief that the Performing Arts are central to wellbeing.
Our stakeholders are first and foremost our students and their families, with others being the production companies and partnership organisations we work with and staff.Stakeholder engagement is woven into the fabric of Vivace. Our educational model is pupilled and ensuring we meet the needs of our students is critical. Regular consultation within classes, with staff members and with parents allows us to create a model for learning that takes into account everyones viewpoint.Consultation takes many forms and includes but is not necessarily limited to:In/after class discussions between tutor and student/sIn Private Facebook groups for parents/studentsIn Email consultations & feedbackOpen door policy at Vivace Reception/virtual studio via Zoom, allowing people to have face to face dialogue with staff.When working with partners there is often an evaluation of work undertaken. This evaluative data allows us to modify and plan for future projects.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
2 April 2022
And signed on behalf of the board by:
Name: Joyce Elizabeth McLelland
Status: Director