for the Period Ended 30 March 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 March 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
31 March 2022 to 30 March 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: | | |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before 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 30 March 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Valuation information and policy
for the Period Ended 30 March 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 30 March 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 31 March 2022 | | | ||||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 March 2023 | | | ||||
Depreciation | ||||||
At 31 March 2022 | | | ||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 30 March 2023 | | | ||||
Net book value | ||||||
At 30 March 2023 | | | ||||
At 30 March 2022 | | |
for the Period Ended 30 March 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Total | | |
for the Period Ended 30 March 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Trade creditors | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
OT creative SPACE is a Community Arts Space on a local High Street in Old Trafford. During the year April 2022 to March 2023 we delivered over 400 workshops both in our studio space and in other locations around Old Trafford including parks, care homes and community centres. We made and distributed 250 creative packs to local individuals and families through south Manchester food bank.We continued our weekly brew on the bench activity on Wednesday afternoons offering free tea and coffee and a chat to help combat isolation and encourage positive physical and mental well-being.We held a community online art exhibition with over 70 entries from local children, community members and Artists to celebrate creativity in 2022 and then printed up all the work to be displayed in THE BACK gALLErY, our art boards in the alleys behind our studio, so they could brighten up the area, combat anti social behaviour and reach a wider audience in the community. We have continued to hold monthly family art clubs in THE BACK gALLEry and have received funding to do more planting and artwork in these spaces from a local housing association making it a much nicer space to come together for the local community.We added two more murals to the ‘OT Art Trail” funded by Trafford council this time working with community groups and local residents of Old Trafford to generate ideas for the two locations which were both linked with deaths of young men. Participants and community members noted that their individual mental well being had improved, New skills and creative expressions have not only been learnt but also celebrated through our exhibitions and projects and community cohesion and pride has been improved.We have exhibited over 15 different Window Exhibitions by local Artists and groups, and have also facilitated Monthly creatives Nights to support local Artists, Makers and creatives.We have continued to develop our workshop programme delivered in our studio that benefits the community through access to free or low cost art workshops and activities that support their mental wellbeing, creative aspirations and community cohesion. Working with other local organisations we put on an Ayres Road festival event which consisted of several activities, workshops, stalls, performances and exhibitions along Ayres Road. 600 people attended the event at our studio and over 50 joined in the parade along the street. People commented how it brought the community together and gave people an opportunity to share skills with one another and celebrate the diversity of our neighbourhood. We rent out the Artist studio space to 8 artists at an affordable rate allowing them to develop their artistic and creative career and are developing a studio hire offer so the community can rent the space for meetings, groups, workshops and parties at an affordable rate
The Company's stakeholders are the local residents of Old Trafford. All the Directors are local to Old Trafford and have worked on developing the business plan through local knowledge and discussions with residents. We have a database of those who attend workshops and events by asking them to register on our website. This has enabled us to see the demographic of who we are currently reaching and ask for feedback and ideas of what they would like to see at OTCS as we develop further. From this we are running monthly creatives evenings to regularly check in with local artists and support them in their practice within the community. This has also influenced the times and types of workshops we run and we have started doing early afternoon workshops as a result of this. We also have our ‘OT creative VOICE’ group which consists of 11 local community members from all backgrounds that is our community advisory board to ensure that all we do reflects our community and is shared widely amongst the community. They have been crucial this year in supporting our re-branding process to help share who we are with the wider community and get our message out.
Three directors received remuneration during the year as self employed individuals. None of the remuneration was for being a director of the company, it was for providing artistic and other services to the company. The amounts payable during the year were; Lynda Sterling £8,855, Darren Tolliday £2,416, Michelle Griffith £1,200.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
14 November 2023
And signed on behalf of the board by:
Name: Kitty Rostron
Status: Director