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REGISTERED NUMBER: 12933201 (England and Wales)







Report of the Directors and

Financial Statements for the Year Ended 31st October 2023

for

Crave Arts

Crave Arts (Registered number: 12933201)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 4

Balance Sheet 5

Notes to the Financial Statements 6


Crave Arts

Company Information
for the Year Ended 31st October 2023







DIRECTORS: Ms D Birch
S J Wilson





REGISTERED OFFICE: Thorneloe House
25 Barborne Road
Worcester
Worcestershire
WR1 1RU





REGISTERED NUMBER: 12933201 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Crave Arts (Registered number: 12933201)

Report of the Directors
for the Year Ended 31st October 2023

The directors present their report with the financial statements of the company for the year ended 31st October 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of
a)providing high quality participatory arts and heritage activities for communities and the wider public;
b)supporting people's health and wellbeing through engagement with the arts and heritage; and
c)providing specialist support services to those working in or with the arts and heritage sector.


REVIEW OF BUSINESS
Crave Arts completed our third year of operation, having expanded our client base and started to develop new opportunities.

We have continued to develop our relationship with Worcester Theatres, undertaken evaluation and fundraising projects across the cultural sector as well as returning to work with Probation Services. We have developed business training and carried out bespoke projects including some mentoring work. It has been a busy and productive year for growing our networks and reputation.

Across the whole year, we evaluated an Arts Council funded environmental project, 'The Severn Rising 2222'; a schools and community project, aimed at raising awareness of rising water levels and pollution. We enjoyed working with Sarah Millin and Andrew Round who delivered the project.

Evaluation work grew during the year, as we were commissioned to evaluate Worcester Theatres' ACE funded LGBTQ+ 'Saucy' project and re-engaged to evaluate Arts Uplift's Probation work in Warwickshire. Over the summer period we began evaluating 'Creative Pathways'; a DCMS funded Herefordshire based partnership project led by Ledbury Poetry Festival (LPF) on volunteering within arts and culture. This project will continue into our 23-24 period, as will the Arts Uplift contract.

Our mentoring work began with Culture Central - supporting a writer looking to get into the world of publishing. We were then commissioned by musician Liz Dilnot-Johnson to mentor her on her proposed Arts Council bid. We have worked with John Philpot on the development of his play for Worcester Theatres. These mentoring projects utilise our skills and experience to develop artists.

In the spring we worked with Worcester Community Trust, delivering a creative workshop to inspire a community hub space in one of their buildings in Brickfields, Worcester. The next stage of this was postponed due to building work and changes to strategy.

We undertook fundraising for Gloucestershire County Council's Library Services and supported Malvern based arts festival, FEAST, to resubmit what became a successful ACE bid. We delivered a creative writing workshop as part of FEAST.

Our work with Worcester Theatres has been varied. Alongside the evaluation of 'Saucy', we ran workshops as part of their National Theatre Connections Programme and delivered a new writing project, 'Debut', as part of the Worcester Fringe Festival. Feedback for all these projects has been really positive and our relationship with Worcester Theatres goes from strength to strength.

In the Summer, we developed and piloted a leadership training session, using the arts, for Sanctuary Housing. Business training, for which we partnered with the performer Alex Lake, is something we wish to develop further. We ended the year seeking potential clients for this training.

Finally, we were awarded a contract to deliver creative workshops in Probation Services, with workshops starting in Autumn 2023. This was the first time as Crave Arts, having previously delivered this as sole traders for Severn Arts prior to Covid. Early feedback from People on Probation has been really positive and we are motivated to do more of this work.

It has been a very busy year and we look forward to 2024 with enthusiasm.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st November 2022 to the date of this report.

Ms D Birch
S J Wilson

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS
The company has made third party indemnity provisions for the benefit of its directors during the year and these provisions remain in force at the reporting date.


Crave Arts (Registered number: 12933201)

Report of the Directors
for the Year Ended 31st October 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ms D Birch - Director


26th February 2024

Crave Arts (Registered number: 12933201)

Statement of Income and
Retained Earnings
for the Year Ended 31st October 2023

2023 2022
£    £   

TURNOVER 16,071 20,219

Cost of sales 12,730 19,332
GROSS SURPLUS 3,341 887

Administrative expenses 1,564 1,522
OPERATING SURPLUS/(DEFICIT) and
SURPLUS/(DEFICIT) BEFORE TAXATION 1,777 (635 )

Tax on surplus/(deficit) 58 -
SURPLUS/(DEFICIT) FOR THE FINANCIAL
YEAR

1,719

(635

)

Retained earnings at beginning of year (1,905 ) (1,270 )

RETAINED EARNINGS AT END OF YEAR (186 ) (1,905 )

Crave Arts (Registered number: 12933201)

Balance Sheet
31st October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 4,001 2,175
Cash at bank 650 673
4,651 2,848
CREDITORS
Amounts falling due within one year 5 4,837 4,753
NET CURRENT LIABILITIES (186 ) (1,905 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(186

)

(1,905

)

RESERVES
Income and expenditure account (186 ) (1,905 )
(186 ) (1,905 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 26th February 2024 and were signed on its behalf by:




Ms D Birch - Director



S J Wilson - Director


Crave Arts (Registered number: 12933201)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Crave Arts is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

In the event of the company being wound up, the liability in respect of the guarantee is limited to £1.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Grant income is recognised on an accruals basis.

Consultancy income is recognised on an accruals basis.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 435 1,200
Prepayments and accrued income 3,566 975
4,001 2,175

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 364
Tax 58 -
Directors' loan accounts 2,263 1,571
Accrued expenses 2,516 2,818
4,837 4,753

6. GOING CONCERN

As at 31 October 2023 the balance sheet was overdrawn. The directors have agreed to support the company therefore these accounts have been drawn up on a going concern basis.