THE DRAWING BOARD (WREXHAM) C.I.C.

Company limited by guarantee

Company Registration Number:
12643879 (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

THE DRAWING BOARD (WREXHAM) C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2023

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

THE DRAWING BOARD (WREXHAM) C.I.C.

Directors' report period ended 30 June 2023

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

Principal activities of the company

The principal activity of the company is the promotion of arts for all, and for providing retail opportunities for local artists. The company commenced trading during November 2021.The company previously operated under the name of The Wrexham Independent Gallery (tWIG) CIC from 3 June 2020 to 19 October 2020. The name was changed to The Drawing Board (Wrexham) CIC on 19 October 2020.



Directors

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

Jacqui Blore
Margaret Forbes
Robyn Cockcroft
Elizabeth Carding


Secretary Margaret Forbes

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
28 February 2024

And signed on behalf of the board by:
Name: Margaret Forbes
Status: Secretary

THE DRAWING BOARD (WREXHAM) C.I.C.

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 19,772 9,831
Cost of sales: ( 14,037 ) ( 5,677 )
Gross profit(or loss): 5,735 4,154
Administrative expenses: ( 13,278 ) ( 18,295 )
Other operating income: 3,010 4,612
Operating profit(or loss): (4,533) (9,529)
Interest receivable and similar income: 33 0
Profit(or loss) before tax: (4,500) (9,529)
Profit(or loss) for the financial year: (4,500) (9,529)

THE DRAWING BOARD (WREXHAM) C.I.C.

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 58 998
Cash at bank and in hand: 15,345 10,593
Total current assets: 15,403 11,591
Creditors: amounts falling due within one year: 4 ( 7,259 ) ( 201 )
Net current assets (liabilities): 8,144 11,390
Total assets less current liabilities: 8,144 11,390
Total net assets (liabilities): 8,144 11,390
Members' funds
Profit and loss account: 8,144 11,390
Total members' funds: 8,144 11,390

The notes form part of these financial statements

THE DRAWING BOARD (WREXHAM) C.I.C.

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 28 February 2024
and signed on behalf of the board by:

Name: Jacqui Blore
Status: Director

The notes form part of these financial statements

THE DRAWING BOARD (WREXHAM) C.I.C.

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 Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Basis of PreparationPresentation Currency

THE DRAWING BOARD (WREXHAM) C.I.C.

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

THE DRAWING BOARD (WREXHAM) C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Debtors

2023 2022
£ £
Prepayments and accrued income 58 998
Total 58 998

THE DRAWING BOARD (WREXHAM) C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 7,259 201
Total 7,259 201

COMMUNITY INTEREST ANNUAL REPORT

THE DRAWING BOARD (WREXHAM) C.I.C.

Company Number: 12643879 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

We have run various artist 'Drop in Demos' and workshops throughout the year as well as specific family-orientated activities during school holidays.We have participated in several community-based town-wide activities with the Council and other local organisations.We have worked with different groups to provide large art panels to decorate an outdoor public space.We have developed our 'MusArt' project (combining music, art, and mental well-being) and delivered it to a wide range of groups including schools, and isolated, older groups.We now attract an increasing number of artists and makers applying to submit their work, increased footfall, and an increase in the number of volunteers stewarding in the gallery.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £3,600.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require 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
1 March 2024

And signed on behalf of the board by:
Name: Jacqui Blore
Status: Director