TAP CREATIVE CIC

Company limited by guarantee

Company Registration Number:
13150292 (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

TAP CREATIVE CIC

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TAP CREATIVE CIC

Balance sheet

As at 31 January 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 11,290 0
Total fixed assets: 11,290 0
Current assets
Cash at bank and in hand: 4,211 3,341
Total current assets: 4,211 3,341
Creditors: amounts falling due within one year: 4 ( 3,900 ) ( 3,450 )
Net current assets (liabilities): 311 (109)
Total assets less current liabilities: 11,601 ( 109)
Provision for liabilities: ( 2,145 )
Total net assets (liabilities): 9,456 (109)
Members' funds
Profit and loss account: 9,456 ( 109)
Total members' funds: 9,456 (109)

The notes form part of these financial statements

TAP CREATIVE CIC

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.

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 16 October 2023
and signed on behalf of the board by:

Name: Robin Gardener
Status: Director

The notes form part of these financial statements

TAP CREATIVE CIC

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

TAP CREATIVE CIC

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

TAP CREATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2022 0 0
Additions 15,053 15,053
Disposals
Revaluations
Transfers
At 31 January 2023 15,053 15,053
Depreciation
At 1 February 2022 0 0
Charge for year 3,763 3,763
On disposals
Other adjustments
At 31 January 2023 3,763 3,763
Net book value
At 31 January 2023 11,290 11,290
At 31 January 2022 0 0

TAP CREATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 3,900 3,450
Total 3,900 3,450

COMMUNITY INTEREST ANNUAL REPORT

TAP CREATIVE CIC

Company Number: 13150292 (England and Wales)

Year Ending: 31 January 2023

Company activities and impact

The company has taken in grant funding from several sources, used these funds to build and equip a recording studio, and then used this space to provide free tuition to groups of young people from disadvantaged backgrounds in music and music production. The impact on the community is felt both in the immediate benefit to the students' skills and mental well-being from the classes and, moreover, in the wider impact following their improved skills; creative collaboration with others; sharing of artistic ideas; prevention of other potentially anti-social activities by instead making music.

Consultation with stakeholders

The company's stakeholders are the young people who will participate in the programme; their immediate families and the wider community including their schools; Tuneful Tutors staff who will run the tuition in the programme; our funders and I partner organisations. The students are being consulted via their schools and music teachers, so as to tailor the programme to suit them and ensure the best benefit to their mental wellbeing. We have consulted with several partner organisations including other studios who do charity work as well as the local church St.Peter's Church, to best structure Tuneful Tutors programme for the students and the studio space. Finally, our funders have been consulted as to how we have spent funding on the conversion for the masterclass programme that ran this year.

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
16 October 2023

And signed on behalf of the board by:
Name: Robin Gardener
Status: Director