CREATIVE MINDS NORTH EAST CIC

Company limited by guarantee

Company Registration Number:
12858246 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

CREATIVE MINDS NORTH EAST CIC

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CREATIVE MINDS NORTH EAST CIC

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,242 0
Investments:   0 0
Total fixed assets: 1,242 0
Current assets
Cash at bank and in hand: 856 880
Total current assets: 856 880
Creditors: amounts falling due within one year: 4 ( 2,238 ) ( 2,692 )
Net current assets (liabilities): (1,382) (1,812)
Total assets less current liabilities: (140) ( 1,812)
Total net assets (liabilities): (140) (1,812)
Members' funds
Profit and loss account: (140) ( 1,812)
Total members' funds: ( 140) (1,812)

The notes form part of these financial statements

CREATIVE MINDS NORTH EAST CIC

Balance sheet statements

For the year ending 30 September 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 30 October 2023
and signed on behalf of the board by:

Name: Peter Robert Kirkham
Status: Director

The notes form part of these financial statements

CREATIVE MINDS NORTH EAST CIC

Notes to the Financial Statements

for the Period Ended 30 September 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

CREATIVE MINDS NORTH EAST CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

CREATIVE MINDS NORTH EAST CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 0 0
Additions 1,552 1,552
Disposals
Revaluations
Transfers
At 30 September 2023 1,552 1,552
Depreciation
At 1 October 2022 0 0
Charge for year 310 310
On disposals
Other adjustments
At 30 September 2023 310 310
Net book value
At 30 September 2023 1,242 1,242
At 30 September 2022 0 0

CREATIVE MINDS NORTH EAST CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 40 0
Accruals and deferred income 0 479
Other creditors 2,198 2,213
Total 2,238 2,692

COMMUNITY INTEREST ANNUAL REPORT

CREATIVE MINDS NORTH EAST CIC

Company Number: 12858246 (England and Wales)

Year Ending: 30 September 2023

Company activities and impact

2022-2023 has been a productive year. Finances have grown and become a stable model. More volunteers have approached creative minds NE to deliver our sessions and events, and many of our regular students have been joined by never participants wanting lessons in music. August 2023 saw an exiting new course begin in creative writing. This is run by a fellow director, and an experienced editor.Creative minds continues to charge low, reasonable price for our services which meet our annual financial commitments and afford a small saving buffer of about 10% of total income. We still offer free lessons to those least able to pay, and we still provide free enhanced DBS for our volunteers.Finally, Creative minds has offered space and instruments to aid start up businesses without them or us having a huge risk. We believe this is a unique offer and meets our commitment to helping the community in every way possible.

Consultation with stakeholders

All Director and exective are volunteers. We all share a chat group online which we use daily. We all see each other once a week at least and discuss business, and we all formally meet weekly to further discuss business. All child students parents ar well as all adult learners have full control over what songs are taught, the pace, and whether they perform live. All cost increases and major changes to teaching are discussed with a sample of parents and students( as many as reasonably practicable) and our aim is to work with and for the community whilst maintaining our financial commitments.

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
30 October 2023

And signed on behalf of the board by:
Name: Peter Robert Kirkham
Status: Director