URBAN CRAFTS FOUNDATION COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
09952481 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 1 February 2022

End date: 31 January 2023

URBAN CRAFTS FOUNDATION COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 January 2023

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

URBAN CRAFTS FOUNDATION COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 January 2023

2023 2022


£

£
Turnover: 16,891 17,603
Cost of sales: ( 13,231 ) ( 12,389 )
Gross profit(or loss): 3,660 5,214
Administrative expenses: ( 3,603 ) ( 3,872 )
Operating profit(or loss): 57 1,342
Profit(or loss) before tax: 57 1,342
Profit(or loss) for the financial year: 57 1,342

URBAN CRAFTS FOUNDATION COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 January 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 6,585 12,516
Total current assets: 6,585 12,516
Creditors: amounts falling due within one year: 3 ( 4,608 ) ( 10,596 )
Net current assets (liabilities): 1,977 1,920
Total assets less current liabilities: 1,977 1,920
Total net assets (liabilities): 1,977 1,920
Members' funds
Profit and loss account: 1,977 1,920
Total members' funds: 1,977 1,920

The notes form part of these financial statements

URBAN CRAFTS FOUNDATION COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 January 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 9 July 2023
and signed on behalf of the board by:

Name: M E Hughes
Status: Director

The notes form part of these financial statements

URBAN CRAFTS FOUNDATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 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

    Turnover policy

    urnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

URBAN CRAFTS FOUNDATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

URBAN CRAFTS FOUNDATION COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 4,608 10,596
Total 4,608 10,596

COMMUNITY INTEREST ANNUAL REPORT

URBAN CRAFTS FOUNDATION COMMUNITY INTEREST COMPANY

Company Number: 09952481 (England and Wales)

Year Ending: 31 January 2023

Company activities and impact

In September 2023 we hosted two Artists in Residence chosen from open submission and funded by the Radcliffe Foundation. One midcareer artist and one recent graduate spent a fortnight with us free of cost. We taught them to forge steel and work copper and they were able to feed this into their work. One of the artists teaches at an art college and the other works with young children so the skills they learnt will be disseminated to a wider community. We also attended The Festival of Making at University College London, EMF Camp and the London Harvest Festival. Over the course of the year we gave approximately 350 people (including many with special learning needs) the opportunity to have people had a hands experience either in our workshop or off site.

Consultation with stakeholders

Our key stakeholder continues to be our Landlord, Lambourne End Centre for Outdoor Education where our workshop is based. Lambourne End is pivotal in allowing The Urban Crafts Foundation to thrive by allowing us to use their resources for very little cost. Throughout the last year we have been able to share one of the volunteers time who works on site and he has become a valued member of our team. We also value feedback from all of our clients and volunteers who work with us at the forge and evaluate feedback forms that are provided after all of our events.

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
25 July 2023

And signed on behalf of the board by:
Name: M E Hughes
Status: Director