for the Period Ended 31 January 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 January 2023
Additional information
Statement of directors' responsibilitiesThe directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected toprepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom AccountingStandards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that theygive a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparingthese accounts, the directors are required to:- select suitable accounting policies and then apply them consistently;- make judgements and estimates that are reasonable and prudent;- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company'stransactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensurethat the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company andhence for taking reasonable steps for the prevention and detection of fraud and other irregularities.Small company provisionsThis report has been prepared in accordance with the special provisions relating to small companies within Part 15 of theCompanies Act 2006.
Directors
The directors shown below have held office during the whole of the period from
1 February 2022 to 31 January 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | ( | |
Profit(or loss) before tax: | ( | |
Tax: | | ( |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | ( | | |
Total assets less current liabilities: | ( | | |
Total net assets (liabilities): | ( | | |
Members' funds | |||
Profit and loss account: | ( | | |
Total members' funds: | ( | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 January 2023
Basis of measurement and preparation
Tangible fixed assets depreciation policy
for the Period Ended 31 January 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 January 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 February 2022 | | | ||||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 January 2023 | | | ||||
Depreciation | ||||||
At 1 February 2022 | | | ||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 31 January 2023 | | | ||||
Net book value | ||||||
At 31 January 2023 | | | ||||
At 31 January 2022 | | |
for the Period Ended 31 January 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Prepayments and accrued income | | |
Total | |
for the Period Ended 31 January 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
PART 1 - GENERAL DESCRIPTION OF THE COMPANY’S ACTIVITIES AND IMPACTIn the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. Medway Open Studios & Arts Festival was formed into a CIC in January 2021, although the festival activities have been running annually since 2012.During 2022 we maintained a regular presence at local strategic and cultural meetings, including consultation on Medway’s Cultural Strategy development and involvement in Historic England and Medway Council’s High Street Heritage Action Zone programme in Chatham Intra. We maintained social media and email communication to promote arts activities and opportunities in Medway.In July 2022 we organised our 10th summer open studios festival, with over 300 artists taking part, across 28 venues. We gained sponsorship and advertisers for the festival booklet. The Medway Open Studios & Arts Festival took place Sat 2nd – Sun 10th July and was a successful return, after two cancelled years, with enthusiastic attendance from the public. Visitors enjoyed seeing behind the scenes where art is made locally, and they were able to get involved with free taster making sessions at some studios - supported by community funding from Rochester Riverside Community Board.Artists were supported with printed materials and a social meet up to help them think through approaches that would help them to get the most out of the festival. They were provided with custom signage for their venues, and contributed to a Tips Zine to share their favourite ways to engage with visitors, encourage audiences and enjoy the festival.
Stakeholders – Artists, Schools, Galleries, Visitors, Local Authority partners, local arts communityThroughout 2022, we were in regular communication with all of the artists taking part in the Festival and we shared a feedback survey for everyone to complete after the event. The feedback is taken on board for the planning of the 2023 festival.A feedback report was created and shared with the funding partner, Rochester Riverside Community Board.All Directors have met regularly to discuss future plans for when the demand returns for our events and activities.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
1 September 2023
And signed on behalf of the board by:
Name: Christina Lamb
Status: Director