for the Period Ended 31 December 2022
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2022 | 13 months to 31 December 2021 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | ( | |
Profit(or loss) before tax: | ( | |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2022 | 13 months to 31 December 2021 | |
---|---|---|---|
| £ | £ | |
Current assets | |||
Stocks: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
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 December 2022
Basis of measurement and preparation
for the Period Ended 31 December 2022
2022 | 13 months to 31 December 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 December 2022
2022 | 13 months to 31 December 2021 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 31 December 2022
2022 | 13 months to 31 December 2021 | |
---|---|---|
£ | £ | |
Other creditors | | |
Total | | |
The CIC was set up to welcome everyone in the UK who is interested in participating in steel pan music. Especially to benefit from participating in creative arts, culture and heritage, developing skills and making positive social connections. This year we commissioned more new instruments for students, increasing supply of good quality resources in the UK. Additionally we sourced new manufacturers of equipment where there had been challenges with a reliable supply chain to improve availability of essential items.In view of the cost of living crisis impacting many we implemented payment by instalments to assist with a flexible finance model for customers to remove barriers to owning a high quality instrument.To advocate for steel pan we curated educational resources and produced online instructional videos, all freely available to improve awareness, understanding and skills development.Additionally, we delivered events to reach new audiences unfamiliar with steel pan. At a public performance more than 60% of guests who completed feedback had never seen steel pan live before and were keen to do so again. 100% of guests rated the experience excellent 5/5.
The stakeholders include anyone in the UK interested in participating with steel pan music. Including hobbyist musicians and educators. We capture feedback and survey stakeholders at events and when opportunities arise. This process led us to develop a new product line to meet needs of the steel pan community. Throughout 2022 we engaged with new partners to widen the understanding of steel pan in the UK and explore collaboration opportunities. By responding to needs, we have successfully progressed with our aims to advocate for and promote steel pan music. We are proud of customer feedback, such as the following comments, “I wanted to say a huge thank you to Steel Pan Music for all the help and support in us purchasing a steel pan. (my son) has been doing steel pan classes since he was 8 years old (now 16 years) and I can not express what a difference playing pan has made to his well-being, concentration and confidence. Having access to a pan at home has provided a 'de-stress' after school, a desire to take his skills to a new level and an alternative to gaming. The classes, along side learning, have provided a sense of belonging, family and independence.”
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
3 November 2023
And signed on behalf of the board by:
Name: Ruth Harper
Status: Director