HIGH GAIN EVENT SERVICES C.I.C.

Company limited by guarantee

Company Registration Number:
07892080 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

HIGH GAIN EVENT SERVICES C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2022

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

HIGH GAIN EVENT SERVICES C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 116,310 70,254
Cost of sales: ( 35,339 ) ( 16,658 )
Gross profit(or loss): 80,971 53,596
Distribution costs: ( 34,188 ) ( 39,028 )
Administrative expenses: ( 14,428 ) ( 19,047 )
Other operating income: 18 19,220
Operating profit(or loss): 32,373 14,741
Interest receivable and similar income: 0 0
Profit(or loss) before tax: 32,373 14,741
Tax: ( 2,616 ) 0
Profit(or loss) for the financial year: 29,757 14,741

HIGH GAIN EVENT SERVICES C.I.C.

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 30,481 28,765
Total fixed assets: 30,481 28,765
Current assets
Cash at bank and in hand: 46,399 16,593
Total current assets: 46,399 16,593
Creditors: amounts falling due within one year: 4 ( 5,724 ) ( 3,958 )
Net current assets (liabilities): 40,675 12,635
Total assets less current liabilities: 71,156 41,400
Total net assets (liabilities): 71,156 41,400
Members' funds
Profit and loss account: 71,156 41,400
Total members' funds: 71,156 41,400

The notes form part of these financial statements

HIGH GAIN EVENT SERVICES C.I.C.

Balance sheet statements

For the year ending 31 December 2022 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 19 September 2023
and signed on behalf of the board by:

Name: Jamie Friday
Status: Director

The notes form part of these financial statements

HIGH GAIN EVENT SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 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

HIGH GAIN EVENT SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 4 4

HIGH GAIN EVENT SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 917 84,892 6,630 92,439
Additions 4,172 4,172
Disposals ( 1,105 ) ( 1,105 )
Revaluations
Transfers
At 31 December 2022 917 89,064 5,525 95,506
Depreciation
At 1 January 2022 917 59,442 3,315 63,674
Charge for year 868 483 1,351
On disposals
Other adjustments
At 31 December 2022 917 60,310 3,798 65,025
Net book value
At 31 December 2022 0 28,754 1,727 30,481
At 31 December 2021 0 25,450 3,315 28,765

HIGH GAIN EVENT SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 2,951 486
Taxation and social security 2,773 1,711
Accruals and deferred income 1,761
Total 5,724 3,958

COMMUNITY INTEREST ANNUAL REPORT

HIGH GAIN EVENT SERVICES C.I.C.

Company Number: 07892080 (England and Wales)

Year Ending: 31 December 2022

Company activities and impact

In 2022 High Gain Event Services worked with a wide range of community organisations to produce live music and community events that benefit local communities. Throughout activities High Gain sought to act as not simply a supplier, but a partner providing additional support where required.to enable events to be used to support the community.During 2022 the company continued it's relationship with Horsham Battle of the Bands, The Big Gig and full Event Management support for East Court Live..2022 also saw continued partnership with Steyning Festival to deliver a 2 week event as well as continued relationships with a wide variety of other community events and projects.These events and others attracted a diverse cross section of the community both performing and attending as well as providing personal development opportunities for student technicians seeking to develop their event production skills.

Consultation with stakeholders

The directors continue to be involved consulting with committees of various community groups as well as engaging on social media with local people to identify how the company can better support community events in the local area. As part of the event production process debrief sessions were held with our event partners to identify their vision and challenges for the year ahead.The organisation continues work with an ever increasing number of community groups and local government agencies as a key delivery partner. The company decided to invest in a range of equipment including increased staging and cover and increased PA equipment based on this consultation.

Directors' remuneration

Directors remuneration for services provided to the business was £13192It should be noted that directors were not remunerated specifically for time spent fulfilling their role as directors, remuneration paid included the delivery of services for clients on a project by project basis.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for the director's loss of office which are required to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration has been made. As part of the organisations objectives, assets including lighting and PA Equipment were made available to registered youth charity 4 The Youth Ltd (an asset locked body) on medium term loan in order to support them further their charitable aims in supporting young people. Ownership remained with the organisation.

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

And signed on behalf of the board by:
Name: Jamie Friday
Status: Director