ACCESS MEDIA CIC

Company limited by guarantee

Company Registration Number:
10712158 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

ACCESS MEDIA CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ACCESS MEDIA CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 18,282 36,563
Tangible assets: 4 0 6,078
Total fixed assets: 18,282 42,641
Current assets
Debtors: 5 176,846 210,042
Cash at bank and in hand: 1,238,043 1,377,824
Total current assets: 1,414,889 1,587,866
Creditors: amounts falling due within one year: 6 ( 460,182 ) ( 708,374 )
Net current assets (liabilities): 954,707 879,492
Total assets less current liabilities: 972,989 922,133
Total net assets (liabilities): 972,989 922,133
Members' funds
Profit and loss account: 972,989 922,133
Total members' funds: 972,989 922,133

The notes form part of these financial statements

ACCESS MEDIA CIC

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.

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 8 September 2023
and signed on behalf of the board by:

Name: Josephine Dobrin
Status: Director

The notes form part of these financial statements

ACCESS MEDIA CIC

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 Financial Reporting Standard 101

    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: Computer equipment - Straight line over 3 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. They are depreciated on straight line basis over 3 years.

ACCESS MEDIA CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 25 25

ACCESS MEDIA CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2022 66,995 66,995
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 66,995 66,995
Amortisation
At 1 April 2022 30,432 30,432
Charge for year 18,281 18,281
On disposals
Other adjustments
At 31 March 2023 48,713 48,713
Net book value
At 31 March 2023 18,282 18,282
At 31 March 2022 36,563 36,563

ACCESS MEDIA CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 12,980 12,980
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 12,980 12,980
Depreciation
At 1 April 2022 6,902 6,902
Charge for year 6,078 6,078
On disposals
Other adjustments
At 31 March 2023 12,980 12,980
Net book value
At 31 March 2023 0 0
At 31 March 2022 6,078 6,078

ACCESS MEDIA CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 168,473 202,029
Prepayments and accrued income 8,373 8,013
Total 176,846 210,042

ACCESS MEDIA CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 14,539 75,807
Taxation and social security 95,897 180,021
Accruals and deferred income 349,746 452,546
Total 460,182 708,374

COMMUNITY INTEREST ANNUAL REPORT

ACCESS MEDIA CIC

Company Number: 10712158 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Creative Access (Access Media) CIC's mission is to support talented people from groups that are under-represented in terms of ethnicity, socio-economic background and disability, or facing significant barriers to employment, to not just enter the creative industries, but to thrive when they get in. Only then will the industry truly reflect and engage broader society. We are a social enterprise, unrivalled in diverse recruitment, training and inclusion. We work with organisations across the whole creative economy. Creative Access is largely funded by our employer partners who are committed to improving diversity and inclusion within their organisations, wholeheartedly. Profits go back into growing, training and supporting our community. During the year 2022-23, Creative Access has benefited the community in the following ways:-2,300 roles listed on our site-Over 275 candidates placed in paid internships-More than 600 different employer partners-Over 2,900 participants in 195 training sessions-More than 1,000 attendees at CV clinics and CV tips sessions-10 masterclasses for 509 participants-634 participants in mentor programmes-More than 2 million reach on social media

Consultation with stakeholders

We have two groups of stakeholders: 1. Those from communities that are under-represented across the creative economy primarily from ethnically diverse and low socio-economic communities and people with disabilities. We solicit feedback after every programme intervention, from CV workshops to virtual masterclasses, to determine how we can improve our services and what people might find useful from further initiatives. We implement any actions arising from feedback, such as tweaking the content and delivery of workshops. We also run regular surveys of our community to consult on approaches and activities.2. Creative employers across the UK. We try to make our services as bespoke as possible, working in collaboration with partners to determine how best they should create an inclusive workplace. We ask for feedback after every employer training workshop we deliver and after the recruitment of any individual. We also ask employers to complete regular feedback questionnaires on the progress of their intern or mentee to ensure are consulted, valued and listened to.

Directors' remuneration

The company paid remuneration of £139,423 to one of its directors for the period to 31 March 2023. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
8 September 2023

And signed on behalf of the board by:
Name: Josephine Dobrin
Status: Director