BROMYARD ART STUDIOS C.I.C.

Company limited by guarantee

Company Registration Number:
11418587 (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

BROMYARD ART STUDIOS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BROMYARD ART STUDIOS 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

Directors

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

Mr A B Mann
Mrs G B A Churchill


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
1 March 2024

And signed on behalf of the board by:
Name: Mr A B Mann
Status: Director

BROMYARD ART STUDIOS C.I.C.

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 545 395
Total fixed assets: 545 395
Current assets
Stocks: 4 667 700
Debtors: 5 49
Cash at bank and in hand: 5,487 6,589
Total current assets: 6,203 7,289
Creditors: amounts falling due within one year: 6 ( 600 ) ( 528 )
Net current assets (liabilities): 5,603 6,761
Total assets less current liabilities: 6,148 7,156
Total net assets (liabilities): 6,148 7,156
Members' funds
Profit and loss account: 6,148 7,156
Total members' funds: 6,148 7,156

The notes form part of these financial statements

BROMYARD ART STUDIOS 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 1 March 2024
and signed on behalf of the board by:

Name: Mr A B Mann
Status: Director

The notes form part of these financial statements

BROMYARD ART STUDIOS 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

BROMYARD ART STUDIOS 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 0 0

BROMYARD ART STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2022 823 823
Additions 523 523
Disposals ( 179 ) ( 179 )
Revaluations
Transfers
At 30 June 2023 1,167 1,167
Depreciation
At 1 July 2022 428 428
Charge for year 233 233
On disposals ( 39 ) ( 39 )
Other adjustments
At 30 June 2023 622 622
Net book value
At 30 June 2023 545 545
At 30 June 2022 395 395

BROMYARD ART STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Stocks

2023 2022
£ £
Stocks 667 700
Total 667 700

BROMYARD ART STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Debtors

2023 2022
£ £
Trade debtors 49
Total 49

BROMYARD ART STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 600 528
Total 600 528

COMMUNITY INTEREST ANNUAL REPORT

BROMYARD ART STUDIOS C.I.C.

Company Number: 11418587 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

The Company has operated to provide a community gallery and studio workspaces for Community Arts programmes and a material lending library for community and charitable use.

Consultation with stakeholders

The stakeholders are as followsArtists and craft workers who exhibit and sell through the community gallery.Participants in our creativity programmes.Third party organisations who partner with us in supplying outreach programmes or events.Consultation is by personal discussion and the use of our sister organisation Bromyard Info CIC online presence. Feedback has been acted on when relevant by adjustment to our gallery commission fees and methodology of materials distribution.

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
1 March 2024

And signed on behalf of the board by:
Name: Mr A B Mann
Status: Director