WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
06122987 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 April 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Directors' report period ended 30 April 2023

The directors present their report with the financial statements of the company for the period ended 30 April 2023

Additional information

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice United Kingdom Accounting Standards and applicable law. Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the director is required to select suitable accounting policies and then apply them consistently, make judgments and accounting estimates that are reasonable and prudent, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.



Directors

The director shown below has held office during the whole of the period from
1 May 2022 to 30 April 2023

Ms Stephanie Wilmott-Saphin


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
16 January 2024

And signed on behalf of the board by:
Name: Ms Stephanie Wilmott-Saphin
Status: Director

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 10,902 18,956
Total fixed assets: 10,902 18,956
Current assets
Debtors: 4 0 189
Cash at bank and in hand: 15,198 23,019
Total current assets: 15,198 23,208
Creditors: amounts falling due within one year: 5 ( 6,908 ) ( 5,823 )
Net current assets (liabilities): 8,290 17,385
Total assets less current liabilities: 19,192 36,341
Creditors: amounts falling due after more than one year: 6 0 ( 8,891 )
Total net assets (liabilities): 19,192 27,450
Members' funds
Profit and loss account: 19,192 27,450
Total members' funds: 19,192 27,450

The notes form part of these financial statements

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 April 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 16 January 2024
and signed on behalf of the board by:

Name: Ms Stephanie Wilmott-Saphin
Status: Director

The notes form part of these financial statements

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    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 on the following bases. Plant & Machinery 20% Straight Line, Motor Vehicles 25% Reducing balance, Computer Equipment 20% Straight Line.

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 4

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 28,969 7,029 13,300 49,298
Additions
Disposals
Revaluations
Transfers
At 30 April 2023 28,969 7,029 13,300 49,298
Depreciation
At 1 May 2022 16,263 6,390 7,689 30,342
Charge for year 5,794 390 1,870 8,054
On disposals
Other adjustments
At 30 April 2023 22,057 6,780 9,559 38,396
Net book value
At 30 April 2023 6,912 249 3,741 10,902
At 30 April 2022 12,706 639 5,611 18,956

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Debtors

2023 2022
£ £
Trade debtors 0 189
Total 0 189
Debtors due after more than one year: 462

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 2,796 1,412
Trade creditors 1,253 1,434
Taxation and social security 208 398
Accruals and deferred income 2,651 2,579
Total 6,908 5,823

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 0 129
Amounts due under finance leases and hire purchase contracts 0
Other creditors 0 8,762
Total 0 8,891

COMMUNITY INTEREST ANNUAL REPORT

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Company Number: 06122987 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

The company has delivered another successful year of community based creative sessions. We have maintained small group sizes in order to provide a more bespoke and personal service. Some of our clients, a third of our population, are still not in receipt of the appropriate funding to attend. We continue to subsidy their attendance while we peruse the correct funding allocation for them through the local authority. The cooking sessions have expanded so that we are now able to make and sell (at our cost) our own wholesome, homemade meals to clients to best meet their dietary requirements. This has been a welcome development which we intend to expand in the coming year.

Consultation with stakeholders

The participants have agreed that the direction of more personal service is their preference which is why we continue to develop the service in this way. Participants have said they would like more community engagement in 23 and so we have once more entered performers into local arts festival competition in March.

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
16 January 2024

And signed on behalf of the board by:
Name: Ms Stephanie Wilmott-Saphin
Status: Director