BRIGHTSIDE MUSIC CIC

Company limited by guarantee

Company Registration Number:
10750655 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

BRIGHTSIDE MUSIC CIC

Contents of the Financial Statements

for the Period Ended 31 August 2023

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

BRIGHTSIDE MUSIC CIC

Directors' report period ended 31 August 2023

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

Principal activities of the company

The company's principal activity continues to be that of taking live musical interactions into hospitals, changing the atmosphere and providing a distraction from the often difficult environment.



Directors

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

Aisling Holmes
Rebecca Eden-Green


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
16 April 2024

And signed on behalf of the board by:
Name: Aisling Holmes
Status: Director

BRIGHTSIDE MUSIC CIC

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 18,912 28,431
Cost of sales: ( 17,633 ) ( 27,710 )
Gross profit(or loss): 1,279 721
Administrative expenses: ( 774 ) ( 740 )
Operating profit(or loss): 505 (19)
Profit(or loss) before tax: 505 (19)
Profit(or loss) for the financial year: 505 (19)

BRIGHTSIDE MUSIC CIC

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 640 1,320
Cash at bank and in hand: 4,501 825
Total current assets: 5,141 2,145
Creditors: amounts falling due within one year: 4 ( 5,276 ) ( 2,785 )
Net current assets (liabilities): (135) (640)
Total assets less current liabilities: (135) ( 640)
Total net assets (liabilities): (135) (640)
Members' funds
Profit and loss account: (135) ( 640)
Total members' funds: ( 135) (640)

The notes form part of these financial statements

BRIGHTSIDE MUSIC CIC

Balance sheet statements

For the year ending 31 August 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 16 April 2024
and signed on behalf of the board by:

Name: Aisling Holmes
Status: Director

The notes form part of these financial statements

BRIGHTSIDE MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

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

BRIGHTSIDE MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

BRIGHTSIDE MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Debtors

2023 2022
£ £
Trade debtors 640 1,320
Total 640 1,320

BRIGHTSIDE MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 640 1,320
Accruals and deferred income 4,636 1,465
Total 5,276 2,785

COMMUNITY INTEREST ANNUAL REPORT

BRIGHTSIDE MUSIC CIC

Company Number: 10750655 (England and Wales)

Year Ending: 31 August 2023

Company activities and impact

Between September 2022 and August 2023, Brightside Music CIC delivered live, interactive music sessions in the following settings:- Sheffield Teaching Hospitals, 44 sessions at Royal Hallamshire and Northern General Hospitals, funded by Sheffield Hospitals Charity. - Sheffield Children’s Hospital, 8.5 days funded by Artfelt- Community settings with Age UK, 26 sessions funded by Awards for All- Rotherham General Hospital, 2 mornings on the children’s wards funded by Rotherham Hospital and Community Charity- St Luke’s Hospice, 2 sessions at Patient and Family Support services and one in the hospice clinical area, funded by Sarah Nulty Power of Music Fund- Other community settings, one off sessions at Stradbroke Primary School and Sheffield Family Hubs Musicians have continued to develop their skills and repertoire, and to maintain links with the wider Music in Healthcare community via regular online meetings with various networks, as well as attend online conferences and CPD.We have worked with approximately 3850 people, including adults and children at community groups, hospital patients, families, visitors and staff. Some of these participated directly in sessions or benefited from the atmosphere created, and others accessed pre-recorded work via our digital platforms.

Consultation with stakeholders

The company's stakeholders are the musicians, the patients, staff and families of the hospitals and community settings we work in and the organisations who help to fund us.During our sessions we liaise with staff and families to inform our work day to day.We regularly hand out feedback cards during our sessions, giving us information about what works well and how to develop future practice, including repertoire ideas

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £17,620. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which are required to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
16 April 2024

And signed on behalf of the board by:
Name: Aisling Holmes
Status: Director