ASSEMBLY HOUSE CIC

Company limited by guarantee

Company Registration Number:
09225219 (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

ASSEMBLY HOUSE 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

ASSEMBLY HOUSE CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 6 months to 31 March 2022


£

£
Turnover: 118,223 62,571
Cost of sales: ( 24,783 ) ( 9,356 )
Gross profit(or loss): 93,440 53,215
Administrative expenses: ( 80,043 ) ( 45,520 )
Operating profit(or loss): 13,397 7,695
Interest payable and similar charges: ( 28 )
Profit(or loss) before tax: 13,369 7,695
Tax: ( 2,647 ) ( 1,286 )
Profit(or loss) for the financial year: 10,722 6,409

ASSEMBLY HOUSE CIC

Balance sheet

As at 31 March 2023

Notes 2023 6 months to 31 March 2022


£

£
Fixed assets
Tangible assets: 3 496 1,057
Total fixed assets: 496 1,057
Current assets
Stocks: 4 844 880
Debtors: 5 7,244 4,621
Cash at bank and in hand: 48,028 35,353
Total current assets: 56,116 40,854
Creditors: amounts falling due within one year: 6 ( 13,092 ) ( 9,113 )
Net current assets (liabilities): 43,024 31,741
Total assets less current liabilities: 43,520 32,798
Total net assets (liabilities): 43,520 32,798
Members' funds
Profit and loss account: 43,520 32,798
Total members' funds: 43,520 32,798

The notes form part of these financial statements

ASSEMBLY HOUSE 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 1 July 2023
and signed on behalf of the board by:

Name: Alice Boulton-Breeze
Status: Director

The notes form part of these financial statements

ASSEMBLY HOUSE 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 Turnover represents the amount derived from the provision of goods and services falling within the company’s activities.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Fixtures and Fittings and Office, IT Equipment, over 3 years

    Other accounting policies

    Accounting Policies Basis of Accounting These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 regarding ‘small entities’ have been applied other than where additional disclosure is required to show a true and fair view.The financial statements are prepared in sterling, which is the functional currency of thecompany. Monetary amounts in these financial statements are rounded to the nearest £.Cash Flow Statement The directors have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the company is small. Deferred Grant IncomeGrants received in advance and specified by the donor as relating to specific accounting periods or alternatively which are subject to conditions which are still to be met, and which are outside the control of the company or where it is uncertain whether the conditions can or will be met, are deferred on an accruals basis to the period to which they relate. Such deferrals are shown in the Notes to the Accounts and the sums involved are shown as Creditors in the accounts.Interest ReceivableBank Interest is accounted for on a receivable basis.

ASSEMBLY HOUSE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 6 months to 31 March 2022
    Average number of employees during the period 5 4

ASSEMBLY HOUSE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 1,683 1,683
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 1,683 1,683
Depreciation
At 1 April 2022 626 626
Charge for year 561 561
On disposals
Other adjustments
At 31 March 2023 1,187 1,187
Net book value
At 31 March 2023 496 496
At 31 March 2022 1,057 1,057

ASSEMBLY HOUSE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

2023 6 months to 31 March 2022
£ £
Stocks 844 880
Total 844 880

ASSEMBLY HOUSE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 6 months to 31 March 2022
£ £
Trade debtors 6,232 294
Prepayments and accrued income 738 4,327
Other debtors 274 0
Total 7,244 4,621

ASSEMBLY HOUSE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 6 months to 31 March 2022
£ £
Trade creditors 215 1,147
Taxation and social security 261 1,597
Accruals and deferred income 5,147 2,185
Other creditors 7,469 4,184
Total 13,092 9,113

COMMUNITY INTEREST ANNUAL REPORT

ASSEMBLY HOUSE CIC

Company Number: 09225219 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in thefinancial year to which the report relates, including a description of how they have benefitedthe community.Between 2022 and 2023 Assembly House has worked with over 60 artists in our studios, 3new community groups, delivered activity at our local community festival, staged our areasfirst ever community sculpture trail and delivered a year long programme of events in ourbuilding to support local artists. All our main programme of events have been free to accessand we have welcomed over 200 people into our building and over 3000 people to offsiteevents.Our sculpture trail saw 3 of our artists work with 3 community groups, forming newpartnerships for the organisation, to create 3 public sculptures that were situated throughout,and celebrated, Armley, its residents and its green spaces.We also formed a new partnership with Yorkshire Sculpture International, who supported ouractivity for young people and families at Armley Festival 2022. This was a workshop looking atsculpture building. Additionally we have continued our involvement in Armley Action Team andhave been supporting them with in kind funding and project management support.We also started 2 new projects, holding an offsite group show, in collaboration with Hyde ParkArt Club, which allowed our members who are not yet ready for a solo professionally show togain some experience and exposure in a professional setting. Additionally we started aplacement module with both Leeds Arts University and University of Leeds.The modules sawstudents working in our organisation to look at aspects of our design, marketing andcommunications.This year also saw the culmination of our collaboration with Pyramid of Arts and University ofLeeds,Irregular Art School, which explored the barriers for learning disabled artists intoprofessional artist spaces.We have initiated a project to turn one of our building’s derelict outdoor spaces into acommunity garden to explore how art and gardening can promote wellbeing in an area of highsocio-economic deprivation.We also provided artists, community members and partners with 700 hours of free space and 304 hours of free mentoring.

Consultation with stakeholders

Our organisation’s stakeholders are made up of:- Our studio holder members- Our local, geographical community, including residents and people who work in or visitArmley- Early career artists from Leeds- Artists in the local area (e.g. LS12)- Service users/participants of our partner organisationsIn the reporting year our consultation involved:- Quarterly members meetings- Attendance to local Armley Action Team and Armley Festival meetings- Meetings with our local councillor- Meetings with leaders of our partner organisations- Write evaluation forms at our workshops, events and exhibitions- Spoken evaluation conversations with project participants and audience members- Online evaluation from participants, audience members and local residents

Directors' remuneration

Directors received £17,339.68 of salary in the 12 months of this report. There were no othertransactions or arrangements in connection with the remuneration of directors, orcompensation for director’s loss of office, which are required to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 April 2023

And signed on behalf of the board by:
Name: Alice Boulton-Breeze
Status: Director