DRUM AND BRASS C.I.C.

Company limited by guarantee

Company Registration Number:
09859301 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

DRUM AND BRASS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

DRUM AND BRASS C.I.C.

Directors' report period ended 31 December 2023

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

Principal activities of the company

The principal activity of the company during the year under review was artistic creation



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

J. Hoggarth
K.E. Jones
P.S. Mistry
A. Savage
D.L. Vencatasamy


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
24 February 2024

And signed on behalf of the board by:
Name: J. Hoggarth
Status: Director

DRUM AND BRASS C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 65,141 51,447
Cost of sales: ( 19,526 ) ( 21,762 )
Gross profit(or loss): 45,615 29,685
Distribution costs: ( 4,026 ) ( 9,377 )
Administrative expenses: ( 45,211 ) ( 49,781 )
Other operating income: 350 36,209
Operating profit(or loss): (3,272) 6,736
Profit(or loss) before tax: (3,272) 6,736
Tax: ( 1,643 ) ( 3,229 )
Profit(or loss) for the financial year: (4,915) 3,507

DRUM AND BRASS C.I.C.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 2,812 3,750
Tangible assets: 4 10,623 14,164
Total fixed assets: 13,435 17,914
Current assets
Debtors: 5 2,471
Cash at bank and in hand: 23,738 25,681
Total current assets: 26,209 25,681
Creditors: amounts falling due within one year: 6 ( 24,694 ) ( 26,340 )
Net current assets (liabilities): 1,515 (659)
Total assets less current liabilities: 14,950 17,255
Provision for liabilities: ( 2,553 ) ( 3,229 )
Total net assets (liabilities): 12,397 14,026
Members' funds
Profit and loss account: 12,397 14,026
Total members' funds: 12,397 14,026

The notes form part of these financial statements

DRUM AND BRASS C.I.C.

Balance sheet statements

For the year ending 31 December 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 24 February 2024
and signed on behalf of the board by:

Name: J. Hoggarth
Status: Director

The notes form part of these financial statements

DRUM AND BRASS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;the amount of revenue can be measured reliably;it is probable that the economic benefits associated with the transaction will flow to the Company; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:Plant and machinery 25% reducing balanceFurniture, fittings and equipment 25% reducing balance

    Intangible fixed assets amortisation policy

    Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

    Other accounting policies

    Income tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.Trade and other debtorsTrade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.Trade and other creditorsShort term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

DRUM AND BRASS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

DRUM AND BRASS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 5,000 5,000
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 5,000 5,000
Amortisation
At 1 January 2023 1,250 1,250
Charge for year 938 938
On disposals
Other adjustments
At 31 December 2023 2,188 2,188
Net book value
At 31 December 2023 2,812 2,812
At 31 December 2022 3,750 3,750

DRUM AND BRASS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 13,849 9,376 23,225
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 13,849 9,376 23,225
Depreciation
At 1 January 2023 6,717 2,344 9,061
Charge for year 1,783 1,758 3,541
On disposals
Other adjustments
At 31 December 2023 8,500 4,102 12,602
Net book value
At 31 December 2023 5,349 5,274 10,623
At 31 December 2022 7,132 7,032 14,164

DRUM AND BRASS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 2,403
Prepayments and accrued income 68
Total 2,471

DRUM AND BRASS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 477 179
Accruals and deferred income 24,217 26,161
Total 24,694 26,340

COMMUNITY INTEREST ANNUAL REPORT

DRUM AND BRASS C.I.C.

Company Number: 09859301 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

In 2023 Drum and Brass focussed on three strategic aims: to increase participation in music, increase the impact* of our work and to increase revenue to support our work with low income participants.To this end we ran programmes of music tasters in Leicester and Cumbria, which involved recruiting and training new staff members.Drum and Brass took on the management of the Woodgate Music programme in Leicester, and offered music activities every afternoon for children coming from local schools. This involved recruiting new staff members and a much greater management role, for which Sim Mistry took responsibility.Our Drum and Brass Mini Music programme transferred from director Kim Burley Jones to a freelance music practitioner, again increasing our management responsibilities.Participation improved with closer community engagement,, better partnerships esp. with the Leicestershire Music Hub (LMH), LCB Depot and Woodgate in Leicester, Blue Jam Arts In Cumbria and national organisations BAMT and BBE and targeted marketing via social media and fliersThe main costs have been time spent defining goals and collating data.The benefits are the forming of empowered musical communities, developing skills and agency and increasing diversity in music-making.This year D+B delivered112 regular sessions with ave. attendance 14 23 community events with ave. audience 300The approximate percentage of project participants facing barriers due to low income (postcode), ethnic background and/or social and emotional needs = 94%*Directors defined impact for D+B as - diversity and inclusion of participation (at one off events and regular attendance of our groups)- wellbeing of participants resulting from our work- skills attained

Consultation with stakeholders

The company’s stakeholders live in rurally isolated villages in Cumbria and in low-income postcodes of Leicester. They face barriers to engagement in the arts through geography or cultural exclusion (racially minoritised, disabled). The directors of the company have lived in Cumbria and Leicester for a number of years and we have developed the model for our music services based on our experience of working in our communities and talking to our participants.We ask everyone using Drum and Brass services for the first time to fill in a short questionnaire about themselves, their individual needs and preferences. This has helped us to build up a profile of our participants’ needs and what we can do to meet them more effectively.We also use our Sounds of podcasts to capture the voices and opinions of our participants and stakeholders. Feedback is that residents who feel socially or physically excluded value the provision of local activities which offer companionship, a feeling of belonging and a sense of purpose. We encourage suggestions for music that our participants want to play, performance ideas and venues and ways to increase inclusion, whether this be attending the Anti-Racist Cumbria conference or ensuring there are overlays for players with dyslexia. We share these contributions wherever we can, on our website, with partners and in our social media.

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
24 February 2024

And signed on behalf of the board by:
Name: J. Hoggarth
Status: Director