COMMON WORKS GALLERY CIC

Company limited by guarantee

Company Registration Number:
14011971 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 30 March 2022

End date: 31 March 2023

COMMON WORKS GALLERY CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

COMMON WORKS GALLERY CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023


£
Turnover: 2,470
Cost of sales: ( 1,805 )
Gross profit(or loss): 665
Operating profit(or loss): 665
Profit(or loss) before tax: 665
Profit(or loss) for the financial year: 665

COMMON WORKS GALLERY CIC

Balance sheet

As at 31 March 2023

Notes 2023


£
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

COMMON WORKS GALLERY 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.

This report was approved by the board of directors on 28 November 2023
and signed on behalf of the board by:

Name: Katie Preston
Status: Director

The notes form part of these financial statements

COMMON WORKS GALLERY 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

COMMON WORKS GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

COMMON WORKS GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Financial Commitments

The funds raised up to March 2023 were committed to projects starting April 2023 including an exhibition of work created by women artists and a 1 day arts festival.

COMMUNITY INTEREST ANNUAL REPORT

COMMON WORKS GALLERY CIC

Company Number: 14011971 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Common Works Gallery benefits the local community within Merton by showcasing local artists and providing them with a platform on which to share their work. Additionally Common Works creates free arts events for the local community involving the network of artists they have created. For the period of 30Mar22-31Mar23 Common Works Gallery organised the Artists Open Studios across the borough of Merton. 60 artists exhibited and sold their work across 25 venues.The Open studios took place over 17/18 September 2022 weekend. The trail was located in artists’ houses and studios across Merton including the Potting Sheds in Cannizaro. The studios were open from 11am-5pm. Common Works Gallery then marketed and promoted the event across the borough.A digital guide to the locations was easily downloadable with paper versions also available. It showed venue addresses and information about each artist’s work. Visitors were then able to create a route to visit the artists that interested them. No appointments were needed. Some artists put on one-person shows at home whilst others hosted fellow artists alongside their work.

Consultation with stakeholders

A survey was sent out to participating artists after the event.91% rated the event a 4 or 5 out of 5 overall82% of artists made salesFor 26% of participants, it was their first time of exhibiting their work86% said they would participate again in the future

Directors' remuneration

Directors Katharine Rowe and Katie Preston were each paid a project fee of £200 for organising the Merton Open House Art trail.The event was financed by each artist paying a fee of £60 per venue. Additionally Coombe Residential, a local estate agent, sponsored the event with £1,000 and put up estate agent boards outside each of the venues. The income was spent on map design and printing, poster design and printing to promote the event and online asset design and promotion (ie paid advertising on social media like Instagram).Additionally web design and social media PR were provided by external suppliers.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Katharine Rowe
Status: Director