SOCIAL IMPACT STUDIOS CIC

Company limited by guarantee

Company Registration Number:
13249253 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

SOCIAL IMPACT STUDIOS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Community Interest Report

SOCIAL IMPACT STUDIOS CIC

Balance sheet

As at 31 March 2023

Notes 2023 13 months to 31 March 2022


£

£
Current assets
Cash at bank and in hand: 1,874 1,987
Total current assets: 1,874 1,987
Net current assets (liabilities): 1,874 1,987
Total assets less current liabilities: 1,874 1,987
Accruals and deferred income: ( 1,874 ) ( 1,987 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

SOCIAL IMPACT STUDIOS CIC

Balance sheet statements

For the year ending 31 March 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 17 November 2023
and signed on behalf of the board by:

Name: Mr Jake Gill
Status: Director

The notes form part of these financial statements

SOCIAL IMPACT STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

    Turnover policy

    Turnover/income receivable is recognised when the Company has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Income not meeting these criteria is deferred.

    Other accounting policies

    ExpenditureExpenditure is recognised as soon as there is a legal or constructive obligation committing the Company to the expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.All expenditure is accounted for on an accruals basis.

SOCIAL IMPACT STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 13 months to 31 March 2022
    Average number of employees during the period 3 3

COMMUNITY INTEREST ANNUAL REPORT

SOCIAL IMPACT STUDIOS CIC

Company Number: 13249253 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Our main activities were to develop audio and visual platforms including learning activities to raise awareness of marginalised and disadvantaged communities, that suffer from stigma, social isolation and inequalities.These activities were to be performed through supplying services to other Social Enterprises who support such communities.To inform relevant partners of our services we joined the Greater Manchester Social Enterprise Network, which offers support for meet ups with likeminded CICs, as well as help and guidance with funding applications. As the year progressed we began to converse with community partners such as Football For Humanity, about how we could work together to create meaningful video projects going forward. Working with Football For Humanity we met refugee participants and the organisers and we later commenced with some filming in May of 2023 to support the promotion of their charity.

Consultation with stakeholders

Through our associations with organisations like Greater Manchester Social Enterprise Network we were able to discuss directly with some other Social Enterprises and Charities how we could support their organisations with our filming and audio content. Following initial discussions we provided support to the Football For Humanity charity with filming commencing shortly after the end of our financial year.

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
17 November 2023

And signed on behalf of the board by:
Name: Mr Jake Gill
Status: Director