OFFSHOOTS EAST MIDLANDS C.I.C.

Company limited by guarantee

Company Registration Number:
07943075 (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

OFFSHOOTS EAST MIDLANDS C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

OFFSHOOTS EAST MIDLANDS C.I.C.

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 19,111 10,387
Investments:   0 0
Total fixed assets: 19,111 10,387
Current assets
Stocks:   0 0
Debtors: 4 140 1,360
Cash at bank and in hand: 202 10,101
Investments:   0 0
Total current assets: 342 11,461
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 16,317 ) ( 16,842 )
Net current assets (liabilities): (15,975) (5,381)
Total assets less current liabilities: 3,136 5,006
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 345 ) 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 2,791 5,006
Members' funds
Profit and loss account: 2,791 5,006
Total members' funds: 2,791 5,006

The notes form part of these financial statements

OFFSHOOTS EAST MIDLANDS 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.

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 20 November 2023
and signed on behalf of the board by:

Name: Ian Gardiner
Status: Director

The notes form part of these financial statements

OFFSHOOTS EAST MIDLANDS 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

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value,over their expected useful lives.

OFFSHOOTS EAST MIDLANDS 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 4 4

OFFSHOOTS EAST MIDLANDS 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 33,479 33,479
Additions 26,682 26,682
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 28 February 2023 60,161 60,161
Depreciation
At 1 March 2022 23,092 23,092
Charge for year 17,958 17,958
On disposals
Other adjustments
At 28 February 2023 41,050 41,050
Net book value
At 28 February 2023 19,111 19,111
At 28 February 2022 10,387 10,387

OFFSHOOTS EAST MIDLANDS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 0 1,220
Other debtors 140 140
Total 140 1,360

OFFSHOOTS EAST MIDLANDS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Accruals and deferred income 1,200 4,200
Other creditors 15,117 12,642
Total 16,317 16,842

COMMUNITY INTEREST ANNUAL REPORT

OFFSHOOTS EAST MIDLANDS C.I.C.

Company Number: 07943075 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

Offshoots have continued to deliver our main Circle Of Light Youth Music programme which attracted 2 years funding and finishes the current funding in May 2023. We produced our 3rd Circle Of Light album with 30+ young people addressing issues around mental health through music. The album was launched at a Nottingham City Centre venue on World Mental Health Day.This financial year we have secured the following PHT & Awards for All - Funded the Between You & Me podcast for young people 18-25 who are experiencing health inequalities and issues with mental health to raise awareness to others who maybe suffering in silence. Sports England for communities to become active again after the various lockdowns - which has enabled Offshoots to support several other business due to the purchase of dance mirrors to deliver dance and yoga workshops and to rent out spaces for other groups to do the same. Art Council England project grants - mental health and nature project. Worked with a range of young people aged 9 - 10 year olds who had experienced lockdown in high rise flats. They were taken to Sherwood Forest and worked with specialist practitioners and new music technology to engage with nature in a creative way . A film was made about the process and was screened at Broadway Cinema as part of the Nottingham Science & Curiosity festival Peoples Health Trust funding allowed us to produce podcasts interviewing women participants on our partner company’s (Sugar Stealers CIC) multi-disciplinary Arts workshops, again addressing issues around anxiety, loneliness and other mental heath issues for women and non-binary people of all ages.

Consultation with stakeholders

Our stakeholders and community members are people from a range of communities in Nottingham. As we are based in Nottingham City Centre we are ideally situated to support people of all ages and genders from multi ethnicity backgrounds from many areas surrounding the city. The good transport links facilitates engagement. Participants are also consulted at all stages of completing funding application which are informed by identified needs. The young people that participate in the Circle Of Light programme are consulted with throughout to decide on the direction of the project and album. They are also consulted at all stages of completing funding application which are informed by identified needs.

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
20 November 2023

And signed on behalf of the board by:
Name: Ian Gardiner
Status: Director