RURAL ART HUB COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13997655 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 23 March 2022

End date: 31 March 2023

RURAL ART HUB COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

RURAL ART HUB COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 March 2023

2023


£
Turnover: 25,198
Cost of sales: ( 2,871 )
Gross profit(or loss): 22,327
Distribution costs: 0
Administrative expenses: ( 21,148 )
Other operating income: 0
Operating profit(or loss): 1,179
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 1,179
Tax: ( 224 )
Profit(or loss) for the financial year: 955

RURAL ART HUB COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2023

Notes 2023


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 10,517
Investments:   0
Total current assets: 10,517
Net current assets (liabilities): 10,517
Total assets less current liabilities: 10,517
Creditors: amounts falling due after more than one year: 3 ( 111 )
Accruals and deferred income: ( 9,451 )
Total net assets (liabilities): 955
Members' funds
Profit and loss account: 955
Total members' funds: 955

The notes form part of these financial statements

RURAL ART HUB COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 2023 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 20 September 2023
and signed on behalf of the board by:

Name: Joseph Albert Schneider
Status: Director

The notes form part of these financial statements

RURAL ART HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 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

RURAL ART HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

RURAL ART HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

2023
£
Other creditors 111
Total 111

COMMUNITY INTEREST ANNUAL REPORT

RURAL ART HUB COMMUNITY INTEREST COMPANY

Company Number: 13997655 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Through facilitating a person-centred, playful but reflective engagement with creativity we aim to support participants with diverse needs and interests to fulfil their potential for inspiration and transformation.We are artist- and community-led, committed to supporting the local and regional arts and rural ecology, and create a new vibrant landmark cultural space. Our first year has seen us provide innovative, inclusive creative workshops, many free or pay what you can, to over 500 people of all ages in the local area. Develop a volunteer programme that provides opportunities for intergenerational creativity and recognises the commitment of our volunteers by offering benefits that are led by their interests and needs. Become a member of the Shropshire Voluntary and Community Sector Assembly. Work with a number of local businesses and organisations to develop workshops including Moolah, Ellesmere Yard and Shropshire Love Nature Festival. Work with students from Manchester School of Architecture through a student-led initiative to develop a community-led design for our insulation and renovation project. Support a number of local and regional practitioners by providing work at recognised, recommended fair rates of pay and programming a huge range of future activities during the Spring and Summer using our funding from Arts Council England and the National Lottery. Register for Social Prescribing in Shropshire. Sign up to Shropshire Council’s Social Value Charter. Receive funding from Severn Trent Community Fund to renovate and insulate our studio space. Work closely with Community Resource Shropshire to support our compliance and fundraising. Develop a network across a range of other local, regional and national organisations to guide our development including QUBE(Oswestry), Arts Connection (Llanfylin and Wrexham), Arts Connect (West Midlands), AVOW (Wrexham), Hive (Shrewsbury), Marches Growth Hub Shropshire, VCSA Shropshire, Rural Arts (Yorkshire), Meadow Arts (Shropshire/Herefordshire), The Wysing, Haarlem, DASH, the Welshampton and Lyneal Parish Sustainability Working Group, MERZ Gallery. Send our director, Joseph Schneider, to become a volunteer board member (working in partnership with Meadow Arts) on the Cultural Compact, initiated by Shropshire Council, to develop projects that implement Vibrant Shropshire, the Cultural Strategy for Shropshire.

Consultation with stakeholders

We provide activities for stakeholders of all ages from 5 to 95. We aim to be community-led, developing opportunities for co-production and feedback wherever possible. Our creative activities are person-centred, responding to each participants needs and interests, and have been developed through actively asking for and receiving responses and ideas from hundreds of local residents through regular posts on a number of social media community groups (e.g. Ellesmere Community News, Welshampton Village News, Bettisfield Village Voice, etc..) and through in-person conversations. We have also spoken to a great many local, regional and national organisations and individuals - Community Resource, Fizzgiggs, Shropshire Council, the Mayor of Ellesmere, QUBE, Arts Connection, Arts Connect, Rural Arts Yorkshire, The Wysing, Haarlem - in order to understand the particular challenges of involving people in a rural community. Both our co-directors are local residents and we are currently looking to recruit a third director from the local community that increases our diversity. We actively work with the owners of our partner Willenhall Way Caravan Park, Lin and Roger Edwards, in order to understand their needs and aims, as well as drawing on their knowledge about the local area where they have lived for generations as dairy farmers. We have actively sought feedback from all participants from our activities, including children, and will continue to do both in-person and through online surveys. As we develop our volunteer programme we would like to develop a regular meeting to discuss their opportunities and benefits they would like to have as part of their volunteering. We have ongoing conversations with DASH, Project Art Works and Outside In to discover more accessible co-production and assessment tools when working with participants with additional needs. We have been in touch with and are working with local primary and secondary schools to understand how to fill gaps in provision, in particular, in the wake of Covid, to support reconnection and recovery.

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
20 September 2023

And signed on behalf of the board by:
Name: Joseph Albert Schneider
Status: Director