MANCHESTER INTERNATIONAL ROOTS ORCHESTRA CIC

Company limited by guarantee

Company Registration Number:
12513245 (England and Wales)

Unaudited statutory accounts for the year ended 30 March 2023

Period of accounts

Start date: 1 April 2022

End date: 30 March 2023

MANCHESTER INTERNATIONAL ROOTS ORCHESTRA CIC

Contents of the Financial Statements

for the Period Ended 30 March 2023

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

MANCHESTER INTERNATIONAL ROOTS ORCHESTRA CIC

Directors' report period ended 30 March 2023

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

Principal activities of the company

The company’s principal activities in this period were to: - provide benefit to musicians, with a focus on those from refugee and other BAME backgrounds, who will be supported to develop skills, networks and employment opportunities.- provide benefit to communities from refugee/BAME backgrounds who will take part in MIRO concerts and workshops, as audiences and participants, gaining new skills and broadening. - provide benefit to wider communities in Manchester and beyond, who by attending MIRO events will learn about diverse cultures in the UK.



Directors

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

Michael Cretu
Hannah McCabe
Thomas Northey


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
13 March 2024

And signed on behalf of the board by:
Name: Michael Cretu
Status: Director

MANCHESTER INTERNATIONAL ROOTS ORCHESTRA CIC

Profit And Loss Account

for the Period Ended 30 March 2023

2023 2022


£

£
Turnover: 36,098 29,064
Gross profit(or loss): 36,098 29,064
Administrative expenses: ( 35,098 ) ( 27,497 )
Operating profit(or loss): 1,000 1,567
Profit(or loss) before tax: 1,000 1,567
Tax: ( 190 ) ( 298 )
Profit(or loss) for the financial year: 810 1,269

MANCHESTER INTERNATIONAL ROOTS ORCHESTRA CIC

Balance sheet

As at 30 March 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 19,979 29,073
Total current assets: 19,979 29,073
Creditors: amounts falling due within one year: 3 ( 17,066 ) ( 26,970 )
Net current assets (liabilities): 2,913 2,103
Total assets less current liabilities: 2,913 2,103
Total net assets (liabilities): 2,913 2,103
Members' funds
Profit and loss account: 2,913 2,103
Total members' funds: 2,913 2,103

The notes form part of these financial statements

MANCHESTER INTERNATIONAL ROOTS ORCHESTRA CIC

Balance sheet statements

For the year ending 30 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 13 March 2024
and signed on behalf of the board by:

Name: Thomas Northey
Status: Director

The notes form part of these financial statements

MANCHESTER INTERNATIONAL ROOTS ORCHESTRA CIC

Notes to the Financial Statements

for the Period Ended 30 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

    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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Valuation information and policy

    CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

    Other accounting policies

    TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

MANCHESTER INTERNATIONAL ROOTS ORCHESTRA CIC

Notes to the Financial Statements

for the Period Ended 30 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

MANCHESTER INTERNATIONAL ROOTS ORCHESTRA CIC

Notes to the Financial Statements

for the Period Ended 30 March 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1,943 2,810
Taxation and social security 190 298
Accruals and deferred income 14,933 23,862
Total 17,066 26,970

COMMUNITY INTEREST ANNUAL REPORT

MANCHESTER INTERNATIONAL ROOTS ORCHESTRA CIC

Company Number: 12513245 (England and Wales)

Year Ending: 30 March 2023

Company activities and impact

In this financial year, with high inflation and higher living costs, MIRO (Manchester International Roots Orchestra) continued to offer opportunities to rehearse regularly, create new music, filmed new videos with diaspora musicians, performed in live concerts and provided much needed support to musicians across Greater Manchester and the North, during a challenging and difficult period. Across the year:- During the financial year, because of successfully completing our Arts Council of England project, we started working on a new successful bid, developing an exciting program, involving regular rehearsals, new collaborations, more national concerts and the prospect of achieving national recognition.- As part of a new National Lottery Heritage Fund project, we researched three musical instruments from Manchester diaspora musicians, in a collaboration with Central Library Manchester and Royal Northern College of Music.We rehearsed the original music and with support from MIRO musicians and RNCM recording department, we produced three videos.In these videos, the diaspora musicians had a chance to perform old songs from their birth places and talk about their cultural heritage.The performance and talk was filmed at RNCM musical instruments collection museum and archived by Central Library Manchester.We continued to rehearse regularly and created new music. This enabled us to have again many live performances at festivals and concert venues, collaborate with guest musicians, and offer payed opportunities for everyone involved.- MIRO performed at: Manchester Festival, Royal Northern College of Music, Prescot Festival, Manchester Central Library, Leigh Library Arts Festival, Manchester International Festival, St. Helens Library, Co-operative Academy New Islington Primary – a collaboration with The Hale Orchestra, eight concerts at Limelight Health and Well-being Hub for people living with dementia, ten concerts in care homes in Old Trafford – a collaboration with Trafford Housing Trust and Limelight, etc.We finished our Arts Council of England funded project - MIRO Connect, developing 4 musicians from a diverse cultural background. As a result of this project, the musicians had the opportunity to perform with MIRO in some of the concerts mentioned above and be part of new projects including collaborations and performances with The Hale Orchestra and RNCM.- We also developed and delivered a new and important collaborative project for the Trafford Housing Trust. We worked with Dementia Toghether organization and delivered weekly wellbeing performances for a group of people living with dementia. The project covered a period of eight weeks and we worked with 30/40 people every week.- After gaining a lot of experience about how to work with community organizations, based in Old Trafford area, we provided vital musical opportunities for our musicians, and in this financial year MIRO had the possibility to create and offer to our musicians and collaborators, training and many paid live performances.

Consultation with stakeholders

The company’s stakeholders include MIRO’s musicians, our board of trustees, Greater Manchester based emerging musicians, particularly those from refugee/migrant backgrounds and participants in community projects. - We informally consult with MIRO musicians.- Our trustees meet quarterly.- We consult with local musicians when we are planning community projects.- We gather feedback from participants at the end of projects. After our successful Trafford Housing Trust project, we felt the need to involve and work more closely with the Trafford local residents. After consultation with our stakeholders we decided that in order to achieve a greater involvement with the local community, we will need to collaborate with the local community organisations. As a result of this process we developed new collaborations with Dementia Together and Limelight and delivered two community projects. We delivered eight interactive performances for people living with dementia and ten concerts in care homes.We gathered feedback from our audiences and all the organizations involved.Our work was very well received and good results were evident.

Directors' remuneration

The Directors receive no remuneration in return for the services as officers of the Company. Michael Cretu, one of the Directors, received remuneration for his involvement in arts project work. In the period under review he received £12,375 (2022: £2,100). Another director (Hannah McCabe) received £1,050 (2022: £340) for arts project work.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
13 March 2024

And signed on behalf of the board by:
Name: Michael Cretu
Status: Director