ESSEX MUSIC DEVELOPMENT AGENCY CIC

Company limited by guarantee

Company Registration Number:
10606531 (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

ESSEX MUSIC DEVELOPMENT AGENCY CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

ESSEX MUSIC DEVELOPMENT AGENCY CIC

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Directors

The director shown below has held office during the whole of the period from
1 April 2022 to 31 March 2023

Mr Anthony Morrison


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
21 December 2023

And signed on behalf of the board by:
Name: Mr Anthony Morrison
Status: Director

ESSEX MUSIC DEVELOPMENT AGENCY CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 2,745 2,030
Cost of sales: ( 1,575 ) ( 960 )
Gross profit(or loss): 1,170 1,070
Administrative expenses: ( 1,070 ) ( 1,070 )
Operating profit(or loss): 100 0
Interest payable and similar charges: ( 100 )
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

ESSEX MUSIC DEVELOPMENT AGENCY CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 3,378 4,891
Total current assets: 3,378 4,891
Creditors: amounts falling due within one year: 3 ( 3,378 ) ( 4,891 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
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

ESSEX MUSIC DEVELOPMENT AGENCY 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 21 December 2023
and signed on behalf of the board by:

Name: Mr Anthony Morrison
Status: Director

The notes form part of these financial statements

ESSEX MUSIC DEVELOPMENT AGENCY 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

ESSEX MUSIC DEVELOPMENT AGENCY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

ESSEX MUSIC DEVELOPMENT AGENCY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 3,378 4,891
Total 3,378 4,891

COMMUNITY INTEREST ANNUAL REPORT

ESSEX MUSIC DEVELOPMENT AGENCY CIC

Company Number: 10606531 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

We continued to support musicians and venues in the county by offering advice, helping write grant applications and by supporting their well-being with regular contact via zoom.We also took on the role of supporting the work of the Music Venue Trust who helped campaign for government grants, supported grassroots musicvenues through advice and mentoring along with providing financial aid. Essex Music NetworkAbout: An informal network connection the counties music community. Benefit: Anyone working within the music sector in Essex will benefit by being part of a network that includes a variety of industry people with different skills, experience, and backgrounds. It will give them the opportunity to forge new relationships and benefiting from sharing knowledge, resources, information, and opportunities. This in turn will benefit artists and groups with an aspiration for a career in music venues through advice & mentoring along with providing financial aid.

Consultation with stakeholders

The company’s stakeholder for the financial year was the Arts Council England. The agency applied to these organisations for funding to deliver the projects stated and were successful in receiving grants.Each grant application fully explains the aims of the projects, the timelines, budget and expected outcomes. An evaluation report is then submitted to the funding body though regular communication is kept with the key contacts to keep them aware of how the projects are progressing.

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
1 April 2023

And signed on behalf of the board by:
Name: Mr Anthony Morrison
Status: Director