for the Period Ended 28 February 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 28 February 2023
Directors
The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023
The director shown below has held office during the period of
1 March 2022 to 23 October 2022
The director shown below has held office during the period of
1 March 2022 to 10 October 2022
The directors shown below have held office during the period of
15 September 2022 to 28 February 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 receivable and similar income: | | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | ( | ( |
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: | | | |
Creditors: amounts falling due after more than one year: | 6 | ( | ( |
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 28 February 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 28 February 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 28 February 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 March 2022 | | | ||||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 28 February 2023 | | | ||||
Depreciation | ||||||
At 1 March 2022 | | | ||||
Charge for year | ||||||
On disposals | ||||||
Other adjustments | ||||||
At 28 February 2023 | | | ||||
Net book value | ||||||
At 28 February 2023 | | | ||||
At 28 February 2022 | | |
for the Period Ended 28 February 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
for the Period Ended 28 February 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 28 February 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Other creditors | | |
Total | | |
The Friends of The Pipe Factory CIC (FOTPF) was established in May 2020 to purchase and refurbish the iconic Pipe Factory building in the East End of Glasgow. Our vision is to refurbish the building and develop a creative home and hub for young people from marginalised communities; the local community of Calton and the Barras; and early-career artists, architects and designers. The refurbished building will provide high quality space for small businesses and social enterprises, as well as flexible and accessible public space for a range of activities aligned with our mission.Since the purchasing of The Pipe Factory building in March 2021 The Friends of The Pipe Factory CIC have carried out activities under the following topics:Improving and maintaining the buildingFund-raisingProviding space for arts and community-related eventsCarrying out community consultation activitiesAppointing a project manager and design team for the refurbishmentCommissioning RIBA Stage 3 & 4 design work for the refurbishment programmeThe most notable under each of these headings are:Improving and maintaining the building:Installation of temporary heating systemsRepairs to roofInstallation of exhibition screens on the ground floorFund-raising:Submitting an application to the Scottish Government’s Regeneration Capital Grant Fund which has been successful.Submitted a development application to National Heritage Lottery Fund which has been successful.Providing space for arts and community-related eventsThe ground floor of the building (the only accessible floor) has been used regularly for exhibitions and events led by young artists, especially those who are recent graduates, alongside more established arts organisations. A programme of workshops has also been delivered within the community. Upper floors have been used for shooting music videos, classical music rehearsals, interviews and commercial films. They have also been used to provide studio space for early-career artists.Use of the upper floors is limited by lack of accessibility. Commissioning RIBA Stage 3 & 4 design work for the refurbishment programmeThe Directors of FOTPF appointed Cragg Management and associates as Project Manager, and O’Donnell Brown as lead architects for the design team.The scope of the design will deliver a fully accessible building and includes:a new external lift and fire-resistant second staircase (existing second staircase is wooden)upgrades to floors and ceilings, including insulationinsulating internal walls and roofheritage double glazing for existing windowslow carbon heating system, ventilation, water services, lighting, fire systemsexternal fabric repairs, new ground floor windows, new doorsinternal fit out including WCs, Tea preps, fire lobbies.This scope will be refined through the course of the stage 3 work, including further community consultation and engagement with the members of FOTPF.
We carried out an extensive community consultation exercise during 2020-2021. This was supported by an Architectural Heritage Fund grant to fund a Community Engagement Co-ordinator. It identified three clear areas of demand:accessible space for creative activity; training and education opportunities; facilities for young people. The vast majority of respondents also stated that the heritage of the building is important to them. We have used this feedback to inform the design of the refurbishment, our business plan and the future occupancy of the refurbished building.Further consultation has been undertaken through the work of the design team that have now been appointed, and will be continued through a series of consultations, workshops and activities led by the Heritage Engagement Manager and Heritage Trainee. This work will be supported by funding from National Lottery Heritage Fund.
The total amount paid or receivable by directors in respect of qualifying services was £ 2,059.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 November 2023
And signed on behalf of the board by:
Name: Caroline Thompson
Status: Director