for the Period Ended 30 April 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 30 April 2023
Directors
The directors shown below have held office during the whole of the period from
1 May 2022 to 30 April 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 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | ( | |
Distribution costs: | ( | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | ( | |
Profit(or loss) before tax: | ( | |
Tax: | | |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2023 | 2022 | |
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| £ | £ | |
Current assets | |||
Debtors: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Accruals and deferred income: | ( | ( | |
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 30 April 2023
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 30 April 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 30 April 2023
2023 | 2022 | |
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£ | £ | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
for the Period Ended 30 April 2023
Name of director receiving advance or credit: | |
Description of the transaction: | |
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£ | |
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Balance at 30 April 2022 | |
Advances or credits made: | |
Advances or credits repaid: | |
Balance at 30 April 2023 | |
The company runs an annual arts and music festival in Haddington, East Lothian where live music, arts events and workshops take place throughout Haddington’s cafes, bars and venues. Bands, local musicians and performance groups of various genres and experience levels play in a community, family friendly environment. - The local community integrates to celebrate local artists and musicians - The festival is inclusive of all in the community as most events have free entry - The festival brings visitors from East Lothian and beyond to Haddington - Venues, shops and businesses benefit from the atmosphere and footfall (many pub’s takings up 100% on a normal Saturday) - Young musicians and local performers benefit from the experience which can build confidence and raise aspirations. We work with Knox Academy in the lead in to the main festival. - Interactive workshops and environmental themes help to inspire and improve skill sets - Local arts facilitators and businesses can showcase their activities through taster sessions and workshopsThe festival took place on the weekend of 28-29th May 2022 and was very well received with over 4,000 attendees and all funding spent in accordance with original funding applications.In September 2022, the directors started event planning and sourcing financial support from funders and sponsors.Once adequate support was confirmed in Feb 2023 for the festival to be viable, pre-production and in-school projects took place throughout the Spring. The festival took place on the weekend of 27th-28th May 2023 and was very well received, again with over 4,000 attendees and all funding spent in accordance with original funding applications.East Lothian Council Arts Service funded the Haddstock Knox Music Project in school from Jan-May 2022 and 2023 to encourage arts participation and to learn songwriting, samba drumming, filming and performance skills. ELC Arts Service also funded and partnered with Haddstock to produce a regional Battle of the Bands for East Lothian high school pupils with skills development prizes for all 12 bands and constructive feedback from industry professionals.Rotary funded music equipment removal costs for Knox Academy orchestra and ensembles to perform at St Mary’s Church which provided valuable experiences for young people.Haddington and Lammermuir Area Partnership funded Edinburgh College HND Student Sound Engineers to run live sound at the festival, providing essential skills development for working in the music industry.Haddstock provided 10+ volunteer experiences for Knox Academy students via the Music and Business Departments and performance experiences for 20+ school aged musicians to perform independently of the aforementioned arranged school concerts. Haddstock is gaining a reputation as a valuable event for young people to gain experience in many areas of the arts and we are planning to develop these links with ELC schools, East Lothian Works and ELC Connected Communities in 2024.
The Directors are authorised to use grant money to fund the ongoing expenditure of running Haddington C.I.C. The main expenditure includes website and IT costs as well as accountancy fees. The funding income received is matched as follows:- Any funding received that is specific for an event is matched to that event- General non targeted funding is used to cover the ongoing expenditure of running the Haddington C.I.C- General funding received during the Company year is held back as deferred income to ensure that the costs of the May festival that occurs after the Company’s 30 April year end are adequately covered. The deferred funding is then released as income against the costs of the May Festival.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
19 October 2023
And signed on behalf of the board by:
Name: Rebecca Dover
Status: Director