for the Period Ended 31 October 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet 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 October 2023
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 November 2022 to 31 October 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 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | ( | ( |
Administrative expenses: | ( | ( |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Profit(or loss) before tax: | | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Provision for 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 October 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 October 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 October 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 November 2022 | | | ||||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 October 2023 | | | ||||
Depreciation | ||||||
At 1 November 2022 | | | ||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 31 October 2023 | | | ||||
Net book value | ||||||
At 31 October 2023 | | | ||||
At 31 October 2022 | | |
for the Period Ended 31 October 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
MotionFish Media Project is a video production company and social enterprise. The emphasis of the company has been to enhance employability of media graduates and help them create a portfolio of work to build a career in the media. During the financial year 2022 2023 the companies activities have benefitted the community in the following ways1.We focused this year on helping graduates with their personal branding and marketing. This was to help them create more freelance work and progress in their careers. The support included 1 to 1 mentoring and reviewing their websites and CVs. As a result the graduates have generated a number of new clients and gained more experience and increased their annual finances this year.2.We continued to supported our current team dealing with the cost of living challenges and again increased daily pay rate and travel rates. We spoke to graduates about any financial challenges they might be having and we also accommodated them by having a flexible approach to our payment terms. 3.Overall MotionFish produced over 100 videos this year. All the videos were filmed solely by media graduates who were paid well above the minimum wage for their time. All the graduates in our team were able to showcase their work online to generate further freelance employment.4.MotionFish focused on a new community project to deliver a number of free video production workshops to young adults with disabilities. We successfully found a charity partner who was happy to work with us. We developed the workshops, delivery timelines and purchased relevant equipment for the workshops. The workshops are going to be rolled out in 2023 2024.
The graduates are asked to feedback periodically on their thoughts and evaluateoverall experience. This is sometimes done through email or during conversations over thephone and face to face. On starting to work with MotionFish graduates are always asked what type of videos they would like to work on which will progress their career in the desired direction. Graduates are asked their preferred role within the production team and the skills they would like to develop eg: filming corporate videos editing, directing actors.Graduates are then matched to projects to our best ability that are in-line with their careeraspirations. In addition, post-covid, graduates are asked how they would like to work during this period and if they were facing any challenges (employment and mental health). Motionfish accommodated graduates requests as much as possible to minimise income disruption and maximise crew wellbeing on set.
The aggregate amount of emoluments paid to or receivable by directors in respect ofqualifying services was £8,400. 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.
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: J. Rose
Status: Director