for the Period Ended 30 November 2022
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 30 November 2022
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 December 2021 to 30 November 2022
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
2022 | 2021 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | ( |
Profit(or loss) before tax: | ( | ( |
Profit(or loss) for the financial year: | ( | ( |
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | ( | ( | |
Creditors: amounts falling due after more than one year: | 5 | ( | |
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 30 November 2022
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 November 2022
2022 | 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 November 2022
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 December 2021 | | | | |||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 November 2022 | | | | |||
Depreciation | ||||||
At 1 December 2021 | | | | |||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 30 November 2022 | | | | |||
Net book value | ||||||
At 30 November 2022 | | | | |||
At 30 November 2021 | | | |
for the Period Ended 30 November 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 30 November 2022
2022 | ||
---|---|---|
£ | ||
Other creditors | | |
Total | |
We are 1520 studios, a Community Interest Company that was founded in November 2020. A space in central Manchester that was created to serve and support the local creative community and give local residents access to film, photography and editing equipment. We were founded to empower, support and encourage the creative community of Manchester. At 1520 Studio ,the creative community members, local residents and organisations have access to affordable studio and desk space, where they were able to run workshops and events. They also benefit from training in our film studio, recording studio and editing suite which they wouldn’t otherwise have access to.We have grown as an organisation so has our family of artists and creatives and with it our ability to support and uplift these communities. We hope to continue growing as an organisation and to continue uplifting, supporting and empowering the people of Manchester by helping them reach their creative potential.
The stakeholders of the studios are members of the local community and members of Manchester’s creative community. We, as directors, are members of both communities. The original motivation to set up the studio was to find a studios space that we, as creatives, wanted to find in the city. Through this initial urge to set up a studio space we became aware of other needs of the community and the lack of event spaces, knowledge sharing, workshop venues, libraries, community cinemas and dark room, photography studio equipment became apparent.We are now focused on providing what is needed by these communities in our space. We involve members in the governance of the company and the direction of projects. We also regularly ask people who come through our doors for advice on what areas we should be focusing on next.
The directors of the CIC received following salaries during the year:Mr Joshua Samuel Fenton-Thomas: £12,870
No transfer of assets other than for full consideration
This report was approved by the board of directors on
24 January 2024
And signed on behalf of the board by:
Name: Mr James Eddisford
Status: Director