THE BIG FANDANGO CIC

Company limited by guarantee

Company Registration Number:
13001591 (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

THE BIG FANDANGO CIC

Contents of the Financial Statements

for the Period Ended 30 June 2023

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

THE BIG FANDANGO CIC

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 director shown below has held office during the whole of the period from
1 July 2022 to 30 June 2023

Mrs Rebecca Jackson


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
28 March 2024

And signed on behalf of the board by:
Name: Mrs Rebecca Jackson
Status: Director

THE BIG FANDANGO CIC

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 26,051 69,128
Cost of sales: ( 1,017 ) ( 24,775 )
Gross profit(or loss): 25,034 44,353
Administrative expenses: ( 33,392 ) ( 21,867 )
Operating profit(or loss): (8,358) 22,486
Interest receivable and similar income: 73 4
Profit(or loss) before tax: (8,285) 22,490
Tax: 972 ( 4,273 )
Profit(or loss) for the financial year: (7,313) 18,217

THE BIG FANDANGO CIC

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 972 0
Cash at bank and in hand: 28,904 41,240
Total current assets: 29,876 41,240
Creditors: amounts falling due within one year: 4 ( 18,972 ) ( 23,023 )
Net current assets (liabilities): 10,904 18,217
Total assets less current liabilities: 10,904 18,217
Total net assets (liabilities): 10,904 18,217
Members' funds
Profit and loss account: 10,904 18,217
Total members' funds: 10,904 18,217

The notes form part of these financial statements

THE BIG FANDANGO CIC

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.

This report was approved by the board of directors on 28 March 2024
and signed on behalf of the board by:

Name: Mrs Rebecca Jackson
Status: Director

The notes form part of these financial statements

THE BIG FANDANGO CIC

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

    Turnover policy

    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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Other accounting policies

    TaxationTurnover 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

THE BIG FANDANGO CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

THE BIG FANDANGO CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Debtors

2023 2022
£ £
Other debtors 972 0
Total 972 0

THE BIG FANDANGO CIC

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 4,273 4,273
Other creditors 14,699 18,750
Total 18,972 23,023

COMMUNITY INTEREST ANNUAL REPORT

THE BIG FANDANGO CIC

Company Number: 13001591 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

The Big Fandango CIC is a vibrant community arts centre dedicated to enhancing mental wellbeing through a variety of creative programs. This centre provides engaging arts and crafts sessions that are open for drop-ins, alongside structured workshops designed to foster creativity and community interaction. In addition to these artistic offerings, The Big Fandango CIC is committed to suicide prevention through monthly training sessions. These are targeted at individuals from public, private, and third-sector organisations, equipping them with crucial skills and knowledge. Furthermore, the centre organises monthly social support gatherings for the LGBTQI community, offering a safe and inclusive space for connection and support. It also provides essential peer support for families who have experienced the tragedy of losing a loved one to suicide, helping them navigate their grief through communal understanding and support.

Consultation with stakeholders

The Big Fandango CIC is actively engaging with local councils and various funding organisations to secure financial support for new initiatives. These projects are specifically designed to enhance the resources available to the community, addressing unique local needs and challenges. By fostering partnerships with these entities, the centre aims to expand its offerings and increase its impact, ensuring a broad range of support services that can significantly improve community well-being and resilience. These efforts include planning innovative programs that target mental health, artistic expression, and social inclusion, thereby enriching the lives of community members through sustained support and development.

Directors' remuneration

Remuneration received in the year amounts to £4,500.00

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Mrs Rebecca Jackson
Status: Director