INNOVATIVE ARTS CENTRE CIC

Company limited by guarantee

Company Registration Number:
12653984 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

INNOVATIVE ARTS CENTRE CIC

Contents of the Financial Statements

for the Period Ended 30 June 2023

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

INNOVATIVE ARTS CENTRE CIC

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 6,584 14,953
Gross profit(or loss): 6,584 14,953
Administrative expenses: ( 9,798 ) ( 15,767 )
Operating profit(or loss): (3,214) (814)
Interest receivable and similar income: 1,660 1,553
Profit(or loss) before tax: (1,554) 739
Tax: ( 140 )
Profit(or loss) for the financial year: (1,554) 599

INNOVATIVE ARTS CENTRE CIC

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 11,108 12,183
Total current assets: 11,108 12,183
Creditors: amounts falling due within one year: 3 ( 6,969 ) ( 6,490 )
Net current assets (liabilities): 4,139 5,693
Total assets less current liabilities: 4,139 5,693
Total net assets (liabilities): 4,139 5,693
Members' funds
Profit and loss account: 4,139 5,693
Total members' funds: 4,139 5,693

The notes form part of these financial statements

INNOVATIVE ARTS CENTRE CIC

Balance sheet statements

For the year ending 30 June 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 29 March 2024
and signed on behalf of the board by:

Name: Candice Ann Waterman
Status: Director

The notes form part of these financial statements

INNOVATIVE ARTS CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

INNOVATIVE ARTS CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

INNOVATIVE ARTS CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1 1
Accruals and deferred income 479 478
Other creditors 6,489 6,011
Total 6,969 6,490

COMMUNITY INTEREST ANNUAL REPORT

INNOVATIVE ARTS CENTRE CIC

Company Number: 12653984 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

Throughout the year we gave provided dance, performance and acrobatic classes to children aged 2+ and provided holiday clubs and enrichment activities. These classes on top of additional rehearsals, shows are how the business has been financed. I’ve had some staff helping with holiday clubs and classes which have been paid from the money made throughout the 12 months.This business has benefitted the community by allowing children and young people a safe environment to develop and learn new skills; both physically and socially.

Consultation with stakeholders

No consultation with 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 March 2024

And signed on behalf of the board by:
Name: Candice Ann Waterman
Status: Director