for the Period Ended 31 May 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 May 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 June 2022 to 31 May 2023
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | ( |
Operating profit(or loss): | | ( |
Profit(or loss) before tax: | | ( |
Profit(or loss) for the financial year: | | ( |
As at
Notes | 2023 | 2022 | |
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| £ | £ | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
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 | | |
The company’s purpose is to develop opportunities for young people to gain practical experience in music with a view to providing employment opportunities and routes into the wider industry. We aim to do this by helping them to work together to write, rehearse and record music, as well as to perform to audiences and to promote their work.In this financial year we were able to support young people with new music creation, both in terms of writing, recording and performance. We supported the project with marketing activities which provided an important platform for the young people involved, raising their aspirations, and boosting morale. We were also able to organise a cultural exchange with young people in Germany, helping to broaden the horizons of this years cohort. The most direct beneficiaries of our work are the young people who have participated in the music projects, who have displayed increased confidence and self-esteem. Participants have also improved transferable skills such as written and verbal communication, and numeracy. Alongside this, participants developed creative skills such as song writing, musicianship, and self-expression.
Predominantly our stakeholders are the young people who participate in our projects. Throughout the year we held regular, weekly meetings with these participants enabling them to input into how the projects evolved, and also involving them in the ongoing evaluation of our work, ensuring that it is as beneficial as possible.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
12 March 2024
And signed on behalf of the board by:
Name: Jeff Thompson
Status: Director