DIVERSE ARTISTS NETWORK CIC

Company limited by guarantee

Company Registration Number:
12804388 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

DIVERSE ARTISTS NETWORK CIC

Contents of the Financial Statements

for the Period Ended 31 August 2023

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

DIVERSE ARTISTS NETWORK CIC

Directors' report period ended 31 August 2023

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

Principal activities of the company

The principal activity of the company in the period under review was developing a support network for marginalised and underrepresented creatives in the South West and beyond.



Directors

The directors shown below have held office during the whole of the period from
1 September 2022 to 31 August 2023

Denise Bamford
Vandna Thakur


The director shown below has held office during the period of
16 November 2022 to 31 August 2023

Rosco Jones


The directors shown below have held office during the period of
14 November 2022 to 31 August 2023

Aisha Ali
Penelope Caffrey


The director shown below has held office during the period of
12 November 2022 to 31 August 2023

Rosalind Stewart-Hall


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
12 January 2024

And signed on behalf of the board by:
Name: Denise Bamford
Status: Director

DIVERSE ARTISTS NETWORK CIC

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 1,513 691
Cost of sales: ( 26,464 ) ( 10,756 )
Gross profit(or loss): (24,951) (10,065)
Administrative expenses: ( 5,138 ) ( 714 )
Other operating income: 45,028 10,778
Operating profit(or loss): 14,939 (1)
Profit(or loss) before tax: 14,939 (1)
Tax: ( 72 ) ( 48 )
Profit(or loss) for the financial year: 14,867 (49)

DIVERSE ARTISTS NETWORK CIC

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 32,468 20,189
Total current assets: 32,468 20,189
Creditors: amounts falling due within one year: 3 ( 17,650 ) ( 20,238 )
Net current assets (liabilities): 14,818 (49)
Total assets less current liabilities: 14,818 ( 49)
Total net assets (liabilities): 14,818 (49)
Members' funds
Profit and loss account: 14,818 ( 49)
Total members' funds: 14,818 (49)

The notes form part of these financial statements

DIVERSE ARTISTS NETWORK CIC

Balance sheet statements

For the year ending 31 August 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 12 January 2024
and signed on behalf of the board by:

Name: Denise Bamford
Status: Director

The notes form part of these financial statements

DIVERSE ARTISTS NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated at 25% per annum on the reducing balance basis.Individual items costing less than £500 are not capitalised.

DIVERSE ARTISTS NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

DIVERSE ARTISTS NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 491 228
Taxation and social security 120
Accruals and deferred income 17,039 20,010
Total 17,650 20,238

COMMUNITY INTEREST ANNUAL REPORT

DIVERSE ARTISTS NETWORK CIC

Company Number: 12804388 (England and Wales)

Year Ending: 31 August 2023

Company activities and impact

Programme Delivery:- Organised three networking events, connecting over 420 artists with 45 different organisations and venues, thereby fostering meaningful conversations and collaborations within the arts community.- Provided mentorship to 51 artists, offering support in areas such as fundraising, programming, and portfolio development to enhance their professional growth.- Conducted consultations with five organisations and festivals to implement inclusive strategies, thereby promoting diversity in programming, attracting diverse audiences, and improving representation and employment opportunities for artists.- Curated programming for four key festivals, leveraging our extensive network and 25 years of experience to showcase diverse talents through performances, fringe events, and workshops.- Launched membership for 25 artists: facilitating access to events, job opportunities, and fostering stronger community relationships among artists.- Initiated "Diaspora!", a collaborative effort with 25 organisations and venues in Bristol to host a city-wide festival celebrating local and diverse talent.Governance:- Strengthened our governance by recruiting and developing a diverse board of six members.- Established "Friends of DAN", drawing in eight supportive members to further our mission.- Developed a strategic three-year business plan aimed at expanding our reach to more diverse artists.- Commenced the development of a new website with an agency platform designed to promote diverse artists and secure more opportunities for them.Team:- Our dedicated team includes a Creative Programme Director (0.3 FTE), a Company Manager (0.3 FTE), and an Admin and Social Media Coordinator (0.2 FTE), supplemented by the expertise of four freelancers.

Consultation with stakeholders

Stakeholders Identified:1. Artists and Creatives: Consisting of individuals and collectives from diverse backgrounds within the arts community;2. Organisations and Venues: Arts and Cultural institutions, galleries, event spaces, and festivals that collaborate with or host artists and their works;3. Board Members: Oversee the strategic direction of the company and ensure its mission is pursued effectively;4. Members of 'Friends of DAN': Supporters who contribute to the mission by providing space in kind consultancy and advice; 5. Local Community and Audiences: Engage with and participate in the events, workshops, and festivals organised or curated by Diverse Artists Network. 6. Funding Bodies and Partnerships: Provide financial support for the initiatives and projects carried out by DAN.Consultation Methods:- Networking Events: Through these events, the company has facilitated direct conversations between over 420 artists and 45 different organisations, gathering feedback and insights on how to better support artistic collaborations and community engagement.- Mentorship Programmes: Provided personalised support to 51 artists, using these interactions as an opportunity to understand and address the specific needs and challenges faced by artists in their professional development.- Strategic Consultations: Engaged with five organisations and festivals specifically to gather insights on implementing inclusive strategies, directly responding to stakeholder feedback regarding diversity and representation.- Curated Festival Programming: Feedback from diverse talents showcased and the audience attending these festivals has informed future programming decisions, ensuring responsiveness to community interests and representation needs.- Membership Launch: Initiatives were informed by previous stakeholder consultations, aiming to create more opportunities for engagement, visibility, and support within the artistic community.- Governance: Diverse board and the development of a strategic business plan were guided by consultations with various stakeholders to ensure the organisation's direction aligns with the needs of its community.- Team development: Feedback from events and the broader stakeholder community has informed the structuring of the team and the engagement of freelancers to better serve the mission of the organisation.Actions Taken: - Enhanced Diversity and Inclusion: Initiatives like mentorship, curated programming, and creation of "Diaspora!" festivals specifically address feedback on the need for more inclusive and diverse representation within the arts.- Strengthened governance: development of a diverse board and a strategic plan reflects a direct response to stakeholder consultations, aiming to ensure long-term sustainability and impact.- Expanded reach and support for artists: Launching a membership program,e and developing a new website are actions taken to increase support and opportunities for artists, likely influenced by feedback on the need for greater access and visibility.- Responsive programming and support: Continued adaptation of events, mentorship, and programming based on artist-led feedback and an artist-led approach demonstrates a commitment to responding to the needs and suggestions of the artistic community.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £11,541.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.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
8 February 2024

And signed on behalf of the board by:
Name: Denise Bamford
Status: Director