ARTATWORK CIC

Company limited by guarantee

Company Registration Number:
10771627 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

ARTATWORK CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

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

ARTATWORK CIC

Directors' report period ended 31 May 2023

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

Directors

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

Holly Sandiford
Melanie Jayne Tilford
Janine Warren


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
6 February 2024

And signed on behalf of the board by:
Name: Holly Sandiford
Status: Director

ARTATWORK CIC

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 41,394 35,372
Cost of sales: ( 35,190 ) ( 31,806 )
Gross profit(or loss): 6,204 3,566
Administrative expenses: ( 6,685 ) ( 4,836 )
Operating profit(or loss): (481) (1,270)
Interest receivable and similar income: 0 3
Profit(or loss) before tax: (481) (1,267)
Profit(or loss) for the financial year: (481) (1,267)

ARTATWORK CIC

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,269 1,621
Total fixed assets: 3,269 1,621
Current assets
Cash at bank and in hand: 40,449 21,761
Total current assets: 40,449 21,761
Creditors: amounts falling due within one year: 4 ( 46,126 ) ( 25,309 )
Net current assets (liabilities): (5,677) (3,548)
Total assets less current liabilities: (2,408) ( 1,927)
Total net assets (liabilities): (2,408) (1,927)
Members' funds
Profit and loss account: (2,408) ( 1,927)
Total members' funds: ( 2,408) (1,927)

The notes form part of these financial statements

ARTATWORK CIC

Balance sheet statements

For the year ending 31 May 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 6 February 2024
and signed on behalf of the board by:

Name: Holly Sandiford
Status: Director

The notes form part of these financial statements

ARTATWORK CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

    TurnoverTurnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenueearned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similarallowances.Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This isusually at the point that the customer has signed for the delivery of the goods.Rendering of servicesTurnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract ismeasured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extentof recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at ratescalculated 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 SLFixtures & Fittings SLComputer Equipment SL

ARTATWORK CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

ARTATWORK CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 564 3,205 795 4,564
Additions 3,468 3,468
Disposals
Revaluations
Transfers
At 31 May 2023 564 3,205 4,263 8,032
Depreciation
At 1 June 2022 451 2,294 198 2,943
Charge for year 113 641 1,066 1,820
On disposals
Other adjustments
At 31 May 2023 564 2,935 1,264 4,763
Net book value
At 31 May 2023 0 270 2,999 3,269
At 31 May 2022 113 911 597 1,621

ARTATWORK CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 44,992 24,175
Other creditors 1,134 1,134
Total 46,126 25,309

COMMUNITY INTEREST ANNUAL REPORT

ARTATWORK CIC

Company Number: 10771627 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

We have run a variety of community projects and sessions using the arts to promotewell-being. e.g. for Coronation crown making for families with Norwich City Council.We have continued to regularly support over 20 people with mental health issues with aregular weekly group called ‘Developing our Curiosities’ at The Mile Cross Exchange Hubfunded by Norfolk Community Foundation. All our mental health events and projects are freeto participants.We are running a new 3-year HLF funded project researching the history of Norwich’s Textileindustry to improve wellbeing. This includes running a weekly group, 3 ten week project everyyear and 4 textile workshops per year for adults with learning difficulties. We are currentlycreating a zine about the textiles industry with the Norfolk Museum service. This means thatmore people will have inspirational creative ideas to improve wellbeing.We also delivered team-building sessions to businesses to improve staff well-being bothonline and in person. aWe continued to design and deliver creative sessions for The Matthew Project in Norwichsupporting young people with mental ill-health.We also continued delivering creative sessions for Creative Arts East supporting the elderly,especially those with dementia, across Breckland/Norfolk

Consultation with stakeholders

We constantly evaluate our grant-funded projects and ask our participants for feedbackregarding the groups we run. This allows us to make changes as we go as well as to growand develop successful new projects. We use online questionnaires, creative in-personevaluation methods and focus groups.We are developing an accessible project report for our current HLF funded project which willshow how it has helped participants and stakeholders.

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
29 January 2024

And signed on behalf of the board by:
Name: Holly Sandiford
Status: Director