SAPPHO EVENTS CIC

Company limited by guarantee

Company Registration Number:
13025848 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

SAPPHO EVENTS CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

SAPPHO EVENTS CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

Maryann Bernadette Wright
Roshan Layla Conn


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
13 March 2024

And signed on behalf of the board by:
Name: Maryann Bernadette Wright
Status: Director

SAPPHO EVENTS CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 13,896 12,166
Gross profit(or loss): 13,896 12,166
Distribution costs: ( 1,180 )
Administrative expenses: ( 13,113 ) ( 12,098 )
Other operating income: 4,179
Operating profit(or loss): 783 3,067
Profit(or loss) before tax: 783 3,067
Profit(or loss) for the financial year: 783 3,067

SAPPHO EVENTS CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 895 0
Total fixed assets: 895 0
Current assets
Cash at bank and in hand: 4,689 11,567
Total current assets: 4,689 11,567
Creditors: amounts falling due within one year: 4 ( 2,321 ) ( 9,087 )
Net current assets (liabilities): 2,368 2,480
Total assets less current liabilities: 3,263 2,480
Total net assets (liabilities): 3,263 2,480
Members' funds
Profit and loss account: 3,263 2,480
Total members' funds: 3,263 2,480

The notes form part of these financial statements

SAPPHO EVENTS CIC

Balance sheet statements

For the year ending 30 November 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 13 March 2024
and signed on behalf of the board by:

Name: Maryann Bernadette Wright
Status: Director

The notes form part of these financial statements

SAPPHO EVENTS CIC

Notes to the Financial Statements

for the Period Ended 30 November 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:Computer Equipment SL

    Other accounting policies

    TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensiveincome because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. Thecompany's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and thecorresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences.Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will beavailable against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of eachreporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the assetto be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the assetrealised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilitiesare presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect thetax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle thecarrying amount of its assets and liabilities.Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensiveincome or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equityrespectively

SAPPHO EVENTS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

SAPPHO EVENTS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 0 0
Additions 1,194 1,194
Disposals
Revaluations
Transfers
At 30 November 2023 1,194 1,194
Depreciation
At 1 December 2022 0 0
Charge for year 299 299
On disposals
Other adjustments
At 30 November 2023 299 299
Net book value
At 30 November 2023 895 895
At 30 November 2022 0 0

SAPPHO EVENTS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 582
Accruals and deferred income 449 7,257
Other creditors 1,872 1,248
Total 2,321 9,087

COMMUNITY INTEREST ANNUAL REPORT

SAPPHO EVENTS CIC

Company Number: 13025848 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Sappho Events produces social events for LGBTQIA+ women, trans and non-binary people. These included pottery workshops, book clubs, board game nights, queer tarot reading workshops and speed dating. The events give queer women and non-binary people an opportunity to make queer friends and socialise in a non-alcohol fuelled setting. This is important in the community when many social LGBTQIA+ spaces are alcohol-fuelled bars and heavily populated by LGBTQIA+ men. Our activities build community, and create safe spaces for queer people to share their common interests.

Consultation with stakeholders

We have regular surveys after our events to get feedback from customers to monitor the quality of events and people’s demand for other events. The two directors then review these and adjust as needed. We also have monthly checkins with our venue and facilitators to ensure the venue staff are happy with events and any feedback they have received has been passed onto us. The overall feedback is that there is increasing demand for these activities now that the pandemic has ended, and if we could increase our capacity and frequency of events, that would be welcomed by the community. It was decided that sustainability and quality control is essential, and we will attempt to expand slowly.

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
9 February 2024

And signed on behalf of the board by:
Name: Maryanne Wright
Status: Director