NORTH STREET GALLERY CIC

Company limited by guarantee

Company Registration Number:
12122390 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

NORTH STREET GALLERY CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

NORTH STREET GALLERY CIC

Directors' report period ended 31 March 2023

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

Directors

The director shown below has held office during the whole of the period from
1 April 2022 to 31 March 2023

Andrew Price


The director shown below has held office during the period of
8 April 2022 to 31 March 2023

Jonathan Rolfe


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
18 January 2024

And signed on behalf of the board by:
Name: Jonathan Rolfe
Status: Director

NORTH STREET GALLERY CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 8 months to 31 March 2022


£

£
Turnover: 10,998 6,056
Cost of sales: ( 562 ) ( 844 )
Gross profit(or loss): 10,436 5,212
Administrative expenses: ( 12,510 ) ( 6,586 )
Operating profit(or loss): (2,074) (1,374)
Profit(or loss) before tax: (2,074) (1,374)
Profit(or loss) for the financial year: (2,074) (1,374)

NORTH STREET GALLERY CIC

Balance sheet

As at 31 March 2023

Notes 2023 8 months to 31 March 2022


£

£
Current assets
Cash at bank and in hand: 8,894 13,412
Total current assets: 8,894 13,412
Creditors: amounts falling due within one year: 3 ( 3,456 ) ( 6,027 )
Net current assets (liabilities): 5,438 7,385
Total assets less current liabilities: 5,438 7,385
Total net assets (liabilities): 5,438 7,385
Members' funds
Profit and loss account: 5,438 7,385
Total members' funds: 5,438 7,385

The notes form part of these financial statements

NORTH STREET GALLERY CIC

Balance sheet statements

For the year ending 31 March 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 18 January 2024
and signed on behalf of the board by:

Name: Jonathan Rolfe
Status: Director

The notes form part of these financial statements

NORTH STREET GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

NORTH STREET GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 8 months to 31 March 2022
    Average number of employees during the period 0 0

NORTH STREET GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Creditors: amounts falling due within one year note

2023 8 months to 31 March 2022
£ £
Taxation and social security 1,911
Accruals and deferred income 660
Other creditors 3,456 3,456
Total 3,456 6,027

COMMUNITY INTEREST ANNUAL REPORT

NORTH STREET GALLERY CIC

Company Number: 12122390 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

North Street Gallery is a community interest company intended to benefit primarily local artists but also community groups who wish to make use of our space outside of gallery opening hours.During the course of the financial year we have enabled many artists to exhibit and sell their work. Many of them have never exhibited before, some have only exhibited on a few occasions. We have provided an environment where they can exhibit not only amongst other new and emerging artists but also alongside some more established artists. This has helped artists who are just starting their careers to establish themselves. It has given them experience of preparing and hanging work for exhibition, pricing their work and selling to the public. This hopefully helps many of them to find confidence in their work and to branch out and take their work further.In addition, through taking their share of stewarding in the gallery, artists have experienced interacting with customers which provides extremely valuable feedback. They also meet other artists leading to peer discussion of their work.We have also made the space available for local community groups including teaching of French and Spanish and a meditation group.

Consultation with stakeholders

Our key stakeholders are the artists who we support. We have not undertaken any formal consultation with them. However we regularly encourage feedback from the artists and have taken many of their ideas on board regarding how we show work and run the gallery.

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
18 January 2024

And signed on behalf of the board by:
Name: Jonathan Rolfe
Status: Director