TRUE FORM PROJECTS C.I.C.

Company limited by guarantee

Company Registration Number:
08044805 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

TRUE FORM PROJECTS C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2023

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

TRUE FORM PROJECTS C.I.C.

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

Principal activity of the company during the financial year was that of providing communityinterest services by getting grants from the government and other institutes.



Directors

The director shown below has held office during the whole of the period from
1 March 2022 to 28 February 2023

Faisal Hussain


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
10 November 2023

And signed on behalf of the board by:
Name: Faisal Hussain
Status: Director

TRUE FORM PROJECTS C.I.C.

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 0
Cost of sales: ( 12,717 ) ( 11,808 )
Gross profit(or loss): (12,717) (11,808)
Distribution costs: ( 314 )
Administrative expenses: ( 42,736 ) ( 8,064 )
Other operating income: 66,466 2,586
Operating profit(or loss): 10,699 (17,286)
Profit(or loss) before tax: 10,699 (17,286)
Profit(or loss) for the financial year: 10,699 (17,286)

TRUE FORM PROJECTS C.I.C.

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 5,852 1,501
Total fixed assets: 5,852 1,501
Current assets
Cash at bank and in hand: 8,661 1,263
Total current assets: 8,661 1,263
Creditors: amounts falling due within one year: 4 ( 12,498 ) ( 11,448 )
Net current assets (liabilities): (3,837) (10,185)
Total assets less current liabilities: 2,015 ( 8,684)
Total net assets (liabilities): 2,015 (8,684)
Members' funds
Profit and loss account: 2,015 ( 8,684)
Total members' funds: 2,015 (8,684)

The notes form part of these financial statements

TRUE FORM PROJECTS C.I.C.

Balance sheet statements

For the year ending 28 February 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 10 November 2023
and signed on behalf of the board by:

Name: Faisal Hussain
Status: Director

The notes form part of these financial statements

TRUE FORM PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 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

    Tangible fixed assets depreciation policy

    Computer Equipment is on 25% straight Line method.

TRUE FORM PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 0

TRUE FORM PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 3,002 3,002
Additions 6,802 6,802
Disposals
Revaluations
Transfers
At 28 February 2023 9,804 9,804
Depreciation
At 1 March 2022 1,501 1,501
Charge for year 2,451 2,451
On disposals
Other adjustments
At 28 February 2023 3,952 3,952
Net book value
At 28 February 2023 5,852 5,852
At 28 February 2022 1,501 1,501

TRUE FORM PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 4,863
Other creditors 7,635 11,448
Total 12,498 11,448

COMMUNITY INTEREST ANNUAL REPORT

TRUE FORM PROJECTS C.I.C.

Company Number: 08044805 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

The company continues archiving the collection and creation of records for archive in audio, video and other media of different diasporic communties in the UK. These collections are for libraries and and other venues as well as for the creation of artworks. We hold one of the largest vinyl collections of South Asian music in the UK.This year, True Form Projects CIC has been fulfilling its obligations to archive and exhibit parts of a rare record colelction and engaging communiities in the collection of oral histories and showing archive of the premisies and organiastion that housed the collection. We have also been working with over 6 other partners, including universities and museum in exhibting the work and developing new projects. The company is still developing a number of applications and is hopeful for success. A number of new partners including The South Bank Centre, Manchester Museum, local smaller coimmunitiy organisations such as Mosely Road Baths, Mosely School of Art, Print works and The Gap based in Balsall Heath where the collection originates togetehr with numerous workshops and trainign on Oral History and collage.

Consultation with stakeholders

The company has a new employee working as Project Manager and the Director taking up partial development role of the company overseeing a 3 year development plan. The company still has a small professional steering group comprising of different professionals including a university lecturer, heritage and copyright manager, a writer and equalities consultant, and director of a film festival. We are actively looking for new advisory board member as the CCI moves into different ventures and partnerships in education and arts and heritage. The CIC has managed to be shortlisted for a national award as well as being covered by a number of TV stations and Newspapers with its work. The partnerships continue to grow with an additional project with Birmingham University and Birmingham Museum and Art Gallery.

Directors' remuneration

The total fees paid to or recievable to a director in respect of project management and any other services required by the CIC was £20004.There were no other transactions or arrangements in connection with the renumeration of Directors, or compensation for any other voluntary services to the company, which require disclosure.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
8 November 2023

And signed on behalf of the board by:
Name: Faisal Hussain
Status: Director