for the Period Ended 31 May 2023
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2023 | 2022 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | | |
Gross profit(or loss): | | |
Administrative expenses: | ( | |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Tax: | ( | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
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| £ | £ | |
Current assets | |||
Debtors: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2023
Basis of measurement and preparation
for the Period Ended 31 May 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 31 May 2023
2023 | 2022 | |
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£ | £ | |
Other debtors | | |
Total | | |
for the Period Ended 31 May 2023
2023 | ||
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£ | ||
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | |
Creative Heritage Studios Our mission is to deliver projects that explore how culture and commercial activity can coexist without compromising cultural quality and values. We understand the essential part that arts and culture play in society and seek to create sustainable opportunities for creativity to thrive.Old funding models are crumbling and it is our key focus to find new ways of bringing creativity to wider audiences. While also supporting creative communities to develop financial autonomy and sustainability without compromising their ethics and creative practice.We are also committed to having a positive social impact with the work that we do, our first priority is to the cultural community we are part of. However, due to our Director Corinne Lewis-Ward’s unique lived experience of working across the cultural, charitable and corporate sectors, we are passionate about facilitating positive and robust partnerships within our network.During this financial year, we have been involved in the co-creation and delivery of training to members of the cultural community that we serve. The main aims of this training are to help creatives successfully commercialise their creative practice to make a sustainable income. We have also supported creatives through mentoring activities to provide more bespoke support to individuals. In addition to this, we have been working with our creative and cultural supply chain to commission new artwork and products to develop a range of products and services that we aim to launch during the next financial year under the project name Antiques of the Future. This project is designed to help support the cultural supply chain that we serve and generate income to support the work we do at Creative Heritage Studios CiC. The benefits to our community have been professional development and support to generate a sustainable income. Bespoke mentoring support that helps individuals grow and develop their creative and cultural businesses. An increase in out cultural supply chains income through the commission of new products and services.
While there has been no official stakeholder feedback during our first year of trading. We have collated several video testimonials from participants who attended our co-created training courses to gather feedback on their experience of working with us. This feedback has been invaluable in helping us create a range of new projects and training courses that future participants will benefit from. During the delivery of our training sessions, we also gathered feedback from participants through interactive presentation tools such as Mentimeter, this helped us respond to any individual needs while also helping us understand what worked well for the participants.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
13 January 2024
And signed on behalf of the board by:
Name: Corinne Lewis-Ward
Status: Director